The Japanese video game company Nintendo said on Friday that it would delay preorders for its new console, the Switch 2, in the United States because of the tariffs imposed by President Trump. The Switch 2’s price was unveiled as $450 this week. Its release date of June 5 remains unchanged, the company said. U.S. … Read more
Jerome H. Powell, chair of the Federal Reserve, warned that President Trump’s tariffs risk stoking even higher inflation and slower growth than initially expected, as he struck a more downbeat tone about the outlook, despite the economy so far remaining in a “good place.” “While uncertainty remains elevated, it is now becoming clear that the … Read more
As financial markets recoiled for a second day and China said that it would hit the United States with its own punishing tariffs, President Trump on Friday sounded a defiant note about his approach, promising that “MY POLICIES WILL NEVER CHANGE.” Instead, Mr. Trump maintained in a series of posts on Truth Social that his … Read more
President Trump’s tariffs mean that companies across the European Union and around the world are at risk of losing access to the world’s largest consumer market. Naturally, they are looking for the next big thing. Statistically speaking, that would mean China. The E.U. has the second-largest consumer market in the world behind America; China is … Read more
Oil prices continued to fall on Friday, extending Thursday’s sharp drop. Brent crude, the international benchmark, traded at its lowest level in more than three years, below $65 a barrel, a fall of almost 8 percent. Fears that President Trump’s tariffs could slash global economic growth — and demand for oil as a result — … Read more
Oil prices continued to fall on Friday, extending Thursday’s sharp drop. Brent crude, the international benchmark, traded at its lowest level in more than three years, below $65 a barrel, a fall of almost 8 percent. Fears that President Trump’s tariffs could slash global economic growth — and demand for oil as a result — … Read more
In the weeks leading up to his expansive global tariffs, President Trump and his top aides tried to prime the public for economic pain. They warned that while there would be fallout from their aggressive trade strategy, it would prove short-lived and benefit the economy in the long run. Investors, businesses and others made clear … Read more
The New Civil Liberties Alliance — a nonprofit group that describes itself as battling “violations by the administrative state” — sued the federal government on Thursday over the means by which it imposed steep new levies on Chinese imports earlier this year. The new filing, which the group said was the first such lawsuit to … Read more
President Trump announced what could be one of the most dramatic economic policy changes in decades on Wednesday, when he substituted America’s longstanding system of taxing imports with a new tariff system of his own devising. The president said the tariffs would reverse decades of unfair treatment by the rest of the world and result … Read more
