How the Iran War Is Morphing Into a Volatile Standoff in the Strait of Hormuz
The conflict has morphed into a volatile standoff in the Strait of Hormuz, as the economic costs mount and President Trump faces a political backlash at home.
United States Economy
Where Things Stand With SNAP Benefits
Millions of low-income Americans will see staggering cuts and delays to their food stamps this month due to the government shutdown. Tony Romm, an economic policy reporter at The New York Times, walks us through the last several weeks of chaos around SNAP benefits.
House Republicans Will Vote Again on Trump’s ‘Big, Beautiful Bill’
A group of fiscal hard-liners on the Budget Committee blocked the bill Friday morning. The group will try again to pass the president’s megabill out of committee Sunday night.
Trump Claims Billions of Dollars in Deals Signed in Middle East. Here’s a List.
White House officials say President Trump secured $600 billion in investment on his trip to Saudi Arabia but details were vague and some deals were already in the pipeline.
Republican Bill to End E.V. Tax Credit Could Hurt G.M. and Ford
A House Republican bill introduced this week would do away with tax credits that had encouraged Americans to buy electric vehicles and automakers to invest in new factories.
Carvana, a Used Car Retailer, Thinks Trump’s Tariffs Could be Good for Business
The chief executive of Carvana, which sells used cars online, said President Trump’s tariffs could help his company by increasing demand for its vehicles.
U.S. Could Lose $12.5 Billion In International Travel Spending This Year, Tourism Council Says
Border detentions and confusion over visas are deterring international visitors, according to the World Travel & Tourism Council, and the price tag for their hesitancy could be steep.
Trump’s China Deal Frees Up Shipping. Will Goods Pour Into the U.S.?
The temporary lowering of tariffs may compel some U.S. businesses to order goods that they had held off buying after President Trump raised them to 145 percent.
Tariff Truce With China Demonstrates the Limits of Trump’s Aggression
President Trump’s triple-digit tariffs on Chinese products disrupted global trade — but haven’t appeared to result in major concessions from Beijing.
U.S. Starts Investigation Into Imported Planes and Parts
The Trump administration could use the investigation to impose new tariffs on imported planes, jet engines and other aerospace parts.