Money, Wealth & Power—A Daily Look at the Financial World
Tariffs are often sold as a way to make foreign companies pay, but the bill that arrived in American mailboxes last year looked a lot more like a quiet tax. By the time you finished paying for groceries, clothes, electronics and a car payment, President Donald Trump’s trade policy had effectively siphoned about $1,000 out…
Chinese automaker BYD has opened a new front in the global trade fight by suing the United States government and demanding refunds of tariffs imposed under President Donald Trump’s aggressive auto and parts policy. The case challenges the legal foundation of those duties and tests how far Washington can go in using emergency economic powers…
Canada’s economy is being squeezed from several directions at once, and the most immediate pressure point is the tariff agenda coming out of Washington. President Donald Trump’s escalating duties and threats of even higher levies are colliding with a fragile domestic backdrop, turning a policy fight into a real risk of recession north of the…
President Donald Trump is selling his sweeping tariffs as proof that he has resurrected American industry and engineered an “economic miracle.” The political story is simple: foreign countries pay, factories boom, and households are about to cash in. The economic record that has emerged over his second term is far messier, with higher taxes on…
President Trump’s new 10% tariffs are no longer an abstract policy debate for the world’s biggest online marketplace. They are starting to show up in the totals on checkout screens, and Amazon chief executive Andy Jassy is now publicly acknowledging that the impact is real. After months of insisting the company had largely insulated shoppers,…
President Donald Trump has opened a new front in his long-running tariff battles, authorizing duties of up to 25% on countries that keep trading with Iran. The move turns access to the US market into a lever for pressuring Tehran, but it also drags in a disparate cast of partners, from major powers to smaller…
President Donald Trump’s abrupt decision to cancel the 25 percent penalty tariff on Indian goods tied to Russian oil purchases marks a sharp turn in a dispute that had threatened to spill over into a broader trade rupture. The move, delivered through an executive order after an interim trade framework with New Delhi, recasts a…
The Trump administration’s quiet attempt to uproot Mercedes-Benz from Stuttgart and replant its headquarters on American soil was more than a one-off sales pitch. It was a window into how far Washington is now willing to go to redirect industrial power, and how firmly some European champions intend to resist. At the center of the…
President Donald Trump has signed a new order that dramatically expands how much low-tariff Argentine beef can enter the United States, effectively quadrupling the quota for cheaper imports. The move is framed by the White House as a way to keep burgers and other beef products affordable at a time of tight domestic supply, but…
President Donald Trump is selling his sweeping tariff regime as an “American economic miracle,” crediting higher import taxes with reviving growth, taming inflation, and rescuing U.S. industry. The data now available from government agencies and independent analysts points in a very different direction, showing higher costs for households, pressure on manufacturers, and only modest movement…