Exxon and Chevron Report Lower Profits While Girding for Tariffs
President Trump’s trade policies have helped to push down oil prices while raising the costs of materials for oil and gas companies.
Prices (Fares, Fees and Rates)
Companies Are Raising Prices as Tariffs Hit
President Trump’s trade policies are already starting to frustrate American consumers who have noticed higher prices in their shopping carts.
GM Cuts Profit Forecast by 20% and Says Auto Tariffs Will Cost It Billions
General Motors now expects to earn a lot less than it did before President Trump imposed 25% tariffs on imported cars and auto parts.
Citing N.I.H. Cuts, a Top Science Journal Stops Accepting Submissions
With federal support, Environmental Health Perspectives has long published peer-reviewed studies without fees to readers or scientists.
Trump to Sign Executive Order Walking Back Some Auto Tariffs
Most levies on imported cars and car parts will remain in place, but automakers have secured some relaxation of the trade policy.
Are Shein and Temu Prices Going Up? What to Know as Trump Ends De Minimis Tariff Loophole
Starting Friday, goods from China worth up to $800 will be subject to tariffs and more paperwork under new Trump administration rules.
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.
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.
Trump Seeks to Lower Drug Prices Through Medicare and Some Imports
President Trump directed his administration to help states import drugs from Canada. But a proposal to alter a Medicare program to reduce costs could wind up raising prices.