Trump’s Tariffs Bump Into Reality as Economic Strategy Wavers
President Trump has said his punishing tariffs would force companies to build factories in the United States. But it is far from clear that they will have the effects he predicted.
United States Economy
Trump Team Races to Form Trade Deals After Tariffs Sow Global Chaos
The president’s threats of tariffs have brought countries like Japan, South Korea and India rushing to negotiate, but they have sown chaos with bigger trading partners like China.
Can Trump Fire Powell? He Says He Won’t, But His Fed Battle May Not Be Over.
The president said he has “no intention” of ousting Jerome H. Powell, the Fed chair, but the administration’s willingness to challenge norms regarding the central bank’s political independence is causing concern.
Scott Bessent Accuses IMF and World Bank of ‘Mission Creep’
Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their missions.
Trump’s 10% Tariff May Be Less Onerous but Still Raises Prices and Threatens Trade
The blanket tariffs, once considered extreme, still threaten to harm world trade and make everything more expensive for businesses and consumers.
Grassley Draws Jeers From Constituents at Raucous Town Hall
The Iowa Republican was pressed on President Trump’s policies, including the case of a Salvadoran immigrant who his administration has admitted it mistakenly sent to a prison in El Salvador.
Trump’s Tariff Threat for Drug imports Poses Big Political Risks
Levies on Americans’ daily prescriptions and other medicines could raise costs, spur rationing and lead to shortages of critical drugs.
Trump and DOGE Are Planning Deregulation at a Massive Scale
The White House will soon move to rapidly repeal or freeze rules that affect health, food, workplace safety, transportation and more.
Tariff-Induced Inflation Surge May Be Temporary, Fed Official Says
Christopher J. Waller argued that the effect of tariffs on prices could be short-lived, but he warned about a bigger hit to growth.
Florida’s Hurricane-Battered Gulf Coast Beckons Spring Breakers: ‘We Are Open’
Some cities discourage spring breakers, but towns along the Gulf Coast, where every dollar is crucial after Hurricanes Helene and Milton, were eager for an influx.