U.S. trade fell sharply as President Trump’s global tariffs began to weigh on imports.
U.S. trade fell sharply as President Trump’s global tariffs began to weigh on imports.
Home builders, car manufacturers and can makers are among those that will see higher prices for materials. Those companies could charge customers more.
The president ratcheted up the rate on foreign metals to 50 percent, saying the former levies weren’t high enough to help the U.S. industry.
Instead of battling over tariffs, Washington and Beijing have turned to a potentially far more harmful strategy: flexing their control over global supply chains.
Economic growth will slow this year and next as the trade war hampers development in the United States and around the world, the Organization for Economic Cooperation and Development said.
The president is set to raise tariffs on steel and aluminum this week, even as the courts are challenging the legitimacy of other levies.
The new blueprint shows that a vast array of education, health, housing and labor programs would be hit, including aid for college and cancer research.
Made quickly and with minimal fuss, a park for skateboarders revived a downtown site — and offered a few lessons for urban revitalization.
President Trump said that Beijing was not honoring the terms of a temporary agreement and warned of further confrontation.
Companies welcomed a court decision striking down President Trump’s tariffs. Then a stay of that ruling left no one breathing easy.