Hope for a Trump Energy Boom Is Marred by Anxiety About Tariffs
Energy executives meeting in Houston expressed concerns about President Trump’s trade and economic policy even as they praised him and his administration.
It Is Happening Every Day, Every Where
Energy executives meeting in Houston expressed concerns about President Trump’s trade and economic policy even as they praised him and his administration.
The price of gold, considered a haven during turmoil, surpassed $3,000 per ounce for the first time as investors send U.S. stock markets tumbling.
Trade wars with allies could spiral as the president tries to get trading partners to back down from retaliation with new threats of his own.
Industry representatives warned that a 200 percent tax on European wines and spirits would halt shipments to the United States and wipe €4 billion off France’s trade balance.
The president said he would impose the levies if the European Union does not walk back plans to place retaliatory tariffs on whiskey and other U.S. products.
The president offers many reasons for imposing tariffs, including revenue, leverage over competitors and job creation. But history suggests a more complex history.
Economists are bracing for intensifying price pressures and slower growth, posing a challenge for the Federal Reserve.
The traditional visit, tied to St. Patrick’s Day, is seen as important to reinforce the longstanding diplomatic relationship between the two countries.
House G.O.P. leaders tucked the provision into a procedural measure needed to pass a government spending bill.
On Tuesday, President Trump sent markets into another tailspin by announcing additional tariffs on Canada, suggesting a falling stock market is no longer the bulwark investors had hoped.