The F-35, a fifth-generation fighter, was developed in partnership with eight countries, making it a model of international cooperation. When President Trump introduced its successor, the F-47, he praised its strengths — and said the version sold to allies would be deliberately downgraded. That made sense, Mr. Trump said last week, “because someday, maybe they’re … Read more
Stocks in Asia tumbled Monday as investors braced for a week of market tumult caused by an expected announcement of more tariffs by President Trump on America’s biggest trading partners. Japan’s Nikkei 225 index fell nearly 3 percent in early trading. Stocks in South Korea and Taiwan were down more than 2 percent. Stocks in … Read more
President Trump has said that “tariffs are the greatest thing ever invented.” For someone who once called himself a “tariff man,” tariffs are the solutions to many economic problems. He has argued that imposing tariffs would protect American factories, spur manufacturing, create new jobs and bend uncooperative governments to his will. Since his inauguration, while … Read more
President Trump has said that “tariffs are the greatest thing ever invented.” For someone who once called himself a “tariff man,” tariffs are the solutions to many economic problems. He has argued that imposing tariffs would protect American factories, spur manufacturing, create new jobs and bend uncooperative governments to his will. Since his inauguration, while … Read more
President Trump leveled his strongest criticism to date against President Vladimir V. Putin on Sunday, threatening to impose “secondary tariffs” on Russia’s oil if the country thwarted negotiations on a cease-fire deal with Ukraine that would stop the fighting. The comments, relayed on “Meet the Press” by the show’s host Kristen Welker, reflected a conversation … Read more
Once a week, most weeks, the ground in Chisholm, Minn., shudders underfoot. “When they blast over here, we can feel it in town over there,” Jed Holewa, a City Council member, explained as he looked out over the pit of the Hibbing Taconite mine, a machine-made canyon of flint-colored earth extending to the hills just … Read more
President Trump told NBC News on Saturday that he would not fire anyone involved in a group chat that inadvertently disclosed plans for airstrikes on Yemen to a journalist. In a wide-ranging interview with NBC’s Kristen Welker, Mr. Trump pushed back on reports that some in his circle had encouraged him to fire Michael Waltz, … Read more
On Wednesday, Prime Minister Mark Carney’s election campaign had brought him to the bridge between Windsor, Ontario, and Detroit, over which $300 million worth of auto parts cross daily. He unveiled a series of promises of programs for workers and auto-related industries that would be rolled out if President Trump imposed tariffs on products from … Read more
All it took was an all-caps social media threat by President Trump to impose a 200 percent tariff on European wine for the shipments of many Brunellos, Chiantis and Proseccos to come to a shuddering halt. In Tuscany, Italy’s most famous wine-exporting region, thousands of bottles meant for American tables are stranded in the wineries’ … Read more
President Trump and his supporters have clashed with mainstream economists for years about the merits of tariffs. Now, the world will get to see who is right, as the president’s sweeping levies on automobiles and auto parts play out in a real-time experiment on the global economy. In Mr. Trump’s telling, tariffs have a straightforward … Read more