President Trump said Tuesday he intends to impose 10 percent tariffs on Chinese imports into the United States on Feb. 1, a decision that is sure to escalate trade tensions between the world’s largest economies. Speaking at the White House, Mr Trump said the tariffs were in response to China’s role in America’s fentanyl crisis. … Read more
If President Trump has his way, the auto industry’s transition to electric vehicles could soon be reversed. He would eliminate tax credits for electric-vehicle purchases, federal grants for chargers, and subsidies and loans to help rebuild assembly lines and build battery factories. The executive orders issued by Mr. Trump on Inauguration Day are similar to … Read more
Many Americans, who would otherwise support President-elect Donald J. Dislike Trump, share his gloomy assessments of the country’s problems and support some of his most controversial prescriptions for fixing them. A new survey from The New York Times and Ipsos, More than half of the country expresses a desire to see Mr. Trump follow through … Read more
China announced on Monday that its trade surplus reached nearly $1 trillion last year as its exports made waves around the world, while the country’s own businesses and households spent cautiously on imports. When adjusted for inflation, China’s trade surplus last year was far greater than any trade surplus in the world in the last … Read more
For more than a year, U.S. Steel pursued an ambitious solution to its growing challenges. It was once a symbol of American industrial might, but to stave off obsolescence it agreed to be acquired by Japanese rival Nippon Steel. Citing the need for financing for the costly modernization of its mills, US Steel warned that … Read more
Italian Prime Minister Giorgia Meloni meets President-elect Donald J. Trump for an informal meeting on Saturday. Has gone to meet Trump at his Florida golf club. The trip to Mar-a-Lago comes just days before Ms. Meloni is scheduled to welcome President Biden to Rome for an official visit to Italy and the Vatican on Jan. … Read more