At the worst point of the labor shortage that emerged in the wake of the Covid-19 lockdowns, Thunderdome Restaurant Group had 100 people sign up for a job interview and only 15 show up. Of the two workers it hired, one never came in. The job market has cooled significantly since then, and Joe Lanni, … Read more
President Trump said on Friday that the United States and China would begin their second round of economic talks on Monday in London, resuming negotiations over tariffs and global supplies of rare earth minerals that have begun to threaten global economic growth. The American delegation will be led by Treasury Secretary Scott Bessent, Commerce Secretary … Read more
Democrats have no shortage of criticism for the massive Republican policy bill winding its way through Congress carrying President Trump’s agenda. It would cost too much, they contend, rip health coverage and food assistance away from too many people and strip vital support from clean energy companies. When it comes to some of the tax … Read more
Follow live updates on the Trump administration. Shortly after a federal trade court declared many of President Trump’s tariffs to be illegal, Howard Lutnick, the commerce secretary, took to television to brush aside the setback. “It cost us a week, maybe,” Mr. Lutnick said this month on Fox News, noting that other countries remained eager … Read more
If the United States and China have succeeded at one thing this year, it is finding each other’s pain points. An initial clash over tariffs has grown in recent months into a competition over which country can weaponize its control over the other’s supply chains. China has clamped down on global shipments of rare minerals … Read more
The European Union’s executive arm unveiled its latest package of sanctions against Russia, aiming to apply pressure to President Vladimir V. Putin by damaging the nation’s energy and banking sectors. The sanctions proposed on Tuesday — which still need to be debated and passed by member states — would ban transactions with the Nord Stream … Read more
President Trump said Wednesday that the United States and China had struck a deal to roll back some of the punitive measures they had taken against each other’s economies in recent months, including his administration’s recently proposed restrictions on Chinese students attending U.S. universities. The agreement followed two days of marathon negotiations in London, and … Read more
A federal appeals court agreed on Tuesday to allow President Trump to maintain many of his tariffs on China and other U.S. trading partners, extending a pause granted shortly after another panel of judges ruled in late May that the import taxes were illegal. The decision, from the U.S. Court of Appeals for the Federal … Read more
In Lesotho, the small southern African nation that is among the countries hardest hit by President Trump’s new tariffs, business owners were meeting on Wednesday to strategize their response. For a country with an economy worth just $2.1 billion, few options are on the table. Ga6789 Mr. Trump imposed a 50 percent tariff on Lesotho, … Read more
Delta Air Lines on Wednesday became one of the largest American companies to warn that President Trump’s escalating trade war was weighing on its business and the global economy. In an interview with CNBC on Wednesday, Delta’s chief executive, Ed Bastian, said a recession was possible as companies pulled back spending. “Everyone’s being prepared for … Read more