U.S. Gas Industry Pushes Back on Trump Shipbuilding Rules
The main oil and gas trade group wants the Trump administration to reconsider maritime rules released in April that would require it to use some U.S. ships to transport liquefied natural gas.
International Trade and World Market
White House Attacks Amazon Over Idea of Showing Tariffs’ Cost
The White House press secretary, Karoline Leavitt, attacked the retail giant over a report that suggested Amazon would highlight tariff-related price increases. Amazon said it was “not going to happen.”
UPS Says It Will Cut 20,000 Jobs in Efficiency Drive
The move comes as President Trump’s tariffs are reducing shipping volumes and is in addition to 12,000 job cuts last year.
G.M. Withdraws Profit Forecast as Trump Tariffs Take a Toll
General Motors also said its profit in the first three months of the year fell 7 percent from a year earlier.
Canada Election: What to Know About Mark Carney and Liberals’ Win
The former central banker successfully convinced voters that he was the right candidate to confront President Trump’s trade war and threats to annex the country.
Trump Administration Looks to Take Steps to Ease Pain From Car Tariffs
The planned concessions to give automakers more time to relocate production to the United States would still leave substantial tariffs on imported cars and car parts.
Why the Economic Disruption From Trump’s Tariff War Will Be Hard to Reverse
The president’s turnover of the economic order has unleashed changes that could prove lasting, because other countries will adjust.
IBM Plans to Invest $150 Billion Domestically in Latest Tech Sector Pledge
The announcement comes as the Trump administration pressures firms to expand their U.S. manufacturing.
U.S. Dollar’s Weakness Creates an Opportunity for the Euro. Can It Last?
European officials see the concern over the “safe haven” reputation of U.S. financial assets as a chance to attract investors.
Bessent Demurs on Trump’s Claim of Trade Talks With China’s Xi
The Treasury secretary said that the President Trump and Xi Jinping of China have a good relationship but that he was not aware of a call, which Mr. Trump had alluded to last week.