A pillar of President Trump’s policies has been tariffs, which are taxes on products imported from other countries. He has imposed or threatened to impose them as a way to influence global supply chains, raise revenue and extract concessions from other countries. But what can often be lost amid proclamations targeting other countries is who … Read more
Liquor lobbyists gathered in a ritzy private club on a recent rainy evening in Brussels to swill cocktails with names like “Toasts Not Tariffs” and fret over the potential disaster confronting their industry. Again. Seven years ago, the spirits industry found itself a casualty in a worldwide trade war as President Trump unleashed tariffs on … Read more
President Trump is pursuing a far more aggressive trade policy than he embraced in his first term, allowing his unfettered instincts about how to put America at the forefront to guide him with little pretense of investigations or extended deliberations. Since taking office, Mr. Trump has threatened punishing tariffs on goods from every global trading … Read more
Rows of white concrete buildings near the Pearl River in southern China house one of the world’s fastest-growing industries: Gritty workshops are churning out inexpensive clothing that is exported straight to homes and small businesses around the world. No tariffs are paid, and no customs inspections are conducted. The laborers who make these goods earn … Read more
President Trump on Thursday set in motion a plan for new tariffs on other countries globally, an ambitious move that could shatter the rules of global trading and is likely to set off furious negotiations. The president directed his advisers to come up with new tariff levels that take into account a range of trade … Read more
Can a labor market be hot and cool at the same time? That’s the picture painted by the latest federal hiring figures, which show a step down in job creation last month — as well as a drop in joblessness. Employers added 143,000 jobs in January, slightly fewer than expected, the Labor Department reported on … Read more
Less than six months ago, Federal Reserve officials were wringing their hands about the state of the labor market. No major cracks had emerged, but monthly jobs growth had slowed and the unemployment rate was steadily ticking higher. In a bid to preserve the economy’s strength, the Fed took the unusual step of lowering interest … Read more
The Labor Department’s latest monthly report on hiring and unemployment will include revisions for previous months. The revised figures should provide a more accurate picture of the U.S. job market, but they could also sow confusion. The monthly job figures are based on two surveys, one of employers and one of households. Those surveys are … Read more
President Trump indicated he was ready to broaden his trade war on Friday, saying that he would announce reciprocal tariffs on other countries next week. Such a measure would raise the levies the United States charges on imports to match what other countries charge on American products, a move that could trigger new trade fights. … Read more
When I returned to Windsor, Ontario, the day before President Trump was set to impose potentially devastating tariffs on exports from Canada, fear was the city’s prevailing mood. A week later, following Mr. Trump’s suspension of a 25 percent tariff on most exports and 10 percent on oil, the mood has shifted more toward anger … Read more