News

No Rock Stars, No Mercedes: A Russian Expo Shows the Cost of Divorce With the West

The annual economic forum in St. Petersburg used to yield multibillion-dollar deals and feature performances by global music stars. With the war in Ukraine still raging, the mood has shifted.

How Trump’s Trade War Has Whipsawed the Port of L.A.

The nation’s largest ports, in Los Angeles County, are a bellwether for the economy. They are being whipsawed as President Trump reorders global trade.

House Policy Bill Would Add $3.4 Trillion to Debt, Swamping Economic Gains

The updated findings from the Congressional Budget Office amounted to the latest dour report card for the president’s signature legislation.

Companies Ask Supreme Court to Fast-Track Challenge to Tariffs

Two toy manufacturers asked the court to greatly expedite their case, in an unusual request.

Senate Republicans Propose Key Tax Tweaks to House Bill

Party lawmakers proposed changes to the tax code that could offer the greatest benefit to businesses.

Fed’s ‘Wait and See’ Approach Is Intact as New Risks Cloud Economic Outlook

The central bank is set to hold interest rates steady for its fourth straight meeting, a pause that could be extended through the summer.

As Trump Returns to G7, Rift With Allies Is Even Deeper

In 2018, the president called for the group to embrace Russia and stormed out of the summit. Now he is seeking to shrink America’s military role abroad and embarking on a more expansive trade war.

‘Golden Share’ in U.S. Steel Gives Trump Extraordinary Control

Administration officials secured a deal that will give the president unusual influence over a private company, and could serve as a model for other deals.

Where’s the Inflation From Tariffs? Just Wait, Economists Say.

Are predictions for a jump in consumer prices too early, or just wrong?

Trump Steel Tariffs Expand to Hit Home Appliances Like Refrigerators and Dishwashers

The move is one of the first times this year that consumer products were specifically targeted with higher import taxes.

New China Trade ‘Deal’ Takes U.S. Back to Where It Started

If a handshake agreement holds, it will merely undo some of the damage from the trade war that President Trump started.

How Labor Unions Came to Define the L.A. Immigration Protests

Unions have backed immigrant rights in California and have been on the forefront of resisting the Trump administration’s deportations.

U.S. Court Agrees to Keep Trump Tariffs Intact as Appeal Gets Underway

The appeals court’s decision delivered an important but interim victory for the Trump administration.

Trump Hails Progress With China, but Details Are Sketchy

Two days of trade talks resulted in what leaders called a framework agreement meant to solidify terms of a truce that the superpowers reached in Geneva last month.

European Union Unveils Fresh Sanctions on Russia, Including a Nord Stream Ban

Ursula von der Leyen, president of the European Commission, announced a proposal meant to ramp up pressure on Moscow.

Trump Administration Holds Trade Talks With China as Fight Over Rare Earths Escalates

Officials from the world’s largest economies will try to strike a deal Tuesday to relax painful export restrictions that they have imposed on each other.

Trump Aides Urge Court to Spare Tariffs as They Dismiss Worries in Public

There are dueling narratives as the administration seeks to preserve a set of tariffs recently deemed to be illegal.

Democrats Hate Trump’s Policy Bill, but Love Some of Its Tax Cuts

There’s an undercurrent of Democratic support for elements of President Trump’s tax agenda, a dynamic that Republicans are trying to exploit as they make the case for enactment of their sprawling domestic legislation.

U.S. and China to Hold Economic Talks in London

Top American economic officials will meet with their Chinese counterparts next Monday in hopes of breaking a trade stalemate, President Trump said.

As Trump’s Tariffs Reshape Trade, Businesses Struggle With Economic Uncertainty

Policymakers and business owners are navigating a highly uncertain moment for the economy, wary of overreacting but watchful of a meaningful downturn.