Oil Companies Wanted Trump to Lower Costs. Tariffs Are Raising Them.
The cost of steel pipe used to line oil and gas wells rose after President Trump said he would impose tariffs on steel and aluminum imports.
United States Economy
GOP Gambles on Budget Plan That Helps the Rich and Cuts Aid to the Poor
The House Republican budget plan would pair tax cuts that primarily benefit the rich with cuts to programs that help the poor.
Trump’s New Crackdown on China Is Just Beginning
The administration is positioning itself to clamp down on Chinese investment and access to technology. But the wild card may be the president himself.
Americans Brace for Inflation as Trump’s Tariffs Start to Take Effect
More Americans are starting to brace for higher prices as President Trump’s policies begin to take effect.
Markets and Corporate America Are Unfazed by Washington Chaos, for Now
The federal budget debate has big implications for the economy. Businesses are betting that tax cuts will be extended and the math will work out.
Trump Tests Fed’s Independence With Order Expanding Authority Over Agencies
A directive calling for oversight over the central bank’s regulatory and supervisory responsibilities has set off alarm.
Senate Confirms Howard Lutnick as Commerce Secretary
A longtime Wall Street executive, Mr. Lutnick will take on a broad portfolio that includes defending U.S. business interests and overseeing restrictions on technology exports.
Can the Federal Reserve Look Past Trump’s Tariffs?
Top officials are grappling with how to handle potential price increases caused by the administration’s policies.
Tariffs and Tightening Controls Threaten a Way of Life on the Border
President Trump’s immigration policies have injected new uncertainty for U.S. border communities that are already suffering after waves of clampdowns.
Senate Confirms Scott Bessent as Treasury Secretary
Bessent, a hedge fund manager, becomes the nation’s 79th Treasury secretary. He will lead President Trump’s economic agenda.