Category: Uncategorized

The president imposed tariffs on Japan, one of America’s closest allies, that would have been alarming just months ago. And markets went up.

The administration provided some insight into the terms that were agreed upon between Indonesia and the United States, hinting at how other vague and hastily negotiated deals may turn out.

President Trump and his top aides have criticized Jerome H. Powell, the Fed chair, for his management of both the economy and a $2.5 billion revamp of the central bank’s headquarters.

President Trump has placed a 20 percent tariff on goods imported from the country, effective Aug. 1.

The Trump administration has dialed back aggressive measures against China and reversed its position on technology controls as the president angles for a Chinese trip later this year.

Details are still scarce on the agreement, which the president said will partly walk back some of the steep tariffs he threatened on the country last week.

New data showing price increases last month could foreshadow even higher costs if the president imposes steep tariffs on Aug. 1.

The tariffs will add to the price of a grocery store staple for many Americans, while funneling more business to domestic tomato growers, largely in Florida.

The economy’s resilience so far to President Trump’s global trade war risks emboldening him and unleashing the sort of economic devastation that economists have long feared.

Ken Kies, a longtime tax lobbyist who worked for some of the world’s largest businesses, is now running the Treasury Department’s office that will administer Trump’s tax law.