Despite his administration’s lack of concern about climate change, a recession would give the atmosphere a break. At least in the short term.
Despite his administration’s lack of concern about climate change, a recession would give the atmosphere a break. At least in the short term.
Market chaos and economic uncertainty has been a feature of the president’s first few months back in office. DealBook breaks down the milestones, and what to expect next.
The planned concessions to give automakers more time to relocate production to the United States would still leave substantial tariffs on imported cars and car parts.
Howard Lutnick, the secretary of commerce, has become a go-to for major companies seeking relief from tariffs. But he’s not always friendly to their interests.
The president’s turnover of the economic order has unleashed changes that could prove lasting, because other countries will adjust.
The cases are the latest test of the president’s expansive claims of executive power.
Medicines and chemicals are huge exports for European Union countries. That makes the sector a weak spot as trade tensions drag on.
The Trump administration has been saying that the two countries are engaged in talks to resolve the dispute, but Beijing asserts that no such discussions are happening.
President Trump said that “we’re meeting with China” on tariffs, comments aimed at soothing jittery financial markets. But Chinese officials say no talks have taken place.
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.