US Poverty Rate Was Stable in 2024, as Household Income Rose Slightly
As pandemic subsidies disappeared, wages kept workers just ahead of inflation, although gaps have widened for some groups....
A Second Weak Jobs Report Challenges Trump’s Claim the Economy Is Booming
After a bad employment report in August, President Trump fired the official in charge of the numbers. This month’s data was just as disappointing....
Mounting Deportations Meet Slow Hiring in a ‘Curious Kind of Balance’
An influx of immigrants helped ease worker shortages, and now their expulsion is helping to mask the country’s weakening demand for labor....
U.S. Imports Rose in July Following Months of Trade Turmoil
Trade rebounded slightly after President Trump’s sweeping global tariffs discouraged foreign countries from doing business with the United States, data released Thursday showed....
After Court Defeat, Trump Warns of Economic Chaos From Loss of Tariffs
The president and his advisers have suggested they will fight a federal appeals court’s ruling that found many of the administration’s tariffs to be illegal....
Trump Family Profits Even With Tepid Launch of Crypto Tokens
World Liberty Financial’s cryptocurrency token fell short of investors’ hopes. But a previous deal paved the way for a payment to the Trump family of...
Many of Trump’s Punishing Tariffs Are Illegal, Appeals Court Rules
The decision is a big blow to President Trump’s trade policies, but the judges left the duties in place for now to allow time for...
Nothing Could Topple the ‘Queen of Heels.’ Then Trump Came Along.
The president’s steep tariffs and erratic moves have turned manufacturing abroad into a minefield, even for entrepreneurs who set up in countries viewed as safe...
The A.I. Spending Frenzy Is Propping Up the Real Economy, Too
The trillions of dollars that tech companies are pouring into new data centers are starting to show up in economic growth. For now, at least....
Europe Is Spending Big on Defense. Will That Help Its Ailing Economy?
Leaders in Britain and the European Union are promoting the promise of economic benefits from increased military spending, but there is a trade-off....
Lisa Cook Says She Will Not Step Down From the Fed Board
Ms. Cook said that she would not resign from the Board of Governors, hours after President Trump announced he was firing her....
Trump Starts Investigation That Could Lead to Tariffs on Wind Turbines
The tariffs would hamper a clean energy industry that the president has often railed against....
China’s Exports Surged in July as Companies Raced to Beat Trump Tariffs
China is shipping more goods to Southeast Asia and other regions that often re-export them to the United States. China still sells three times as...
Europe Gets a Written Trump Trade Deal, With a Caveat for Automakers
The European Union and United States have been negotiating the joint text for weeks. The deal is much as expected, but it will delay tariff...
Overturning the global trade system, Trump puts his ideas to the test.
Overturning the global trade system, Trump puts his ideas to the test....
Southeast Asia Looks for Clarity From U.S. on ‘Rules of Origin’
Thailand, Vietnam and other countries in the region face much higher tariffs on exports with Chinese-made components. But questions remain on how the U.S. defines...
Effect of U.S. Tariffs on British Companies Is ‘Milder Than Feared,’ Central Bank Says
Britain’s economy is driven by domestic factors more than global ones right now, the governor of the Bank of England said on Thursday, when the...
Economic Data Has Taken a Dark Turn. That Doesn’t Mean a Crash Is Near.
Inflation is up and job creation down, but the U.S. economy could still pull through without too much pain....
Trump’s Tariffs Could Raise Prices on Many Consumer Goods
The tariffs are driving up prices on everyday goods as businesses warn they can no longer absorb costs, leaving consumers to foot the bill....
A New Way to Reduce Children’s Deaths: Cash
Simply giving money to poor families at certain times reduced deaths among young children by nearly half, a new study found....
Swiss Businesses Fear Trump’s 39% Tariff Will Create ‘Worst-Case Scenario’
Goods shipped from the country face a 39 percent tariff in the U.S., which companies warn will have dire consequences if President Trump cannot be...
Here’s the latest.
Here’s the latest....
Some safe-haven assets have soared against the U.S. dollar.
Some safe-haven assets have soared against the U.S. dollar....
New Tariff on ‘Transshipped’ Goods Mystifies Importers
The Trump administration levied a hefty tariff on goods that are moved through other countries, but it has not yet fully explained its plans....
Trump Is Removing Billy Long as the I.R.S. Head 2 Months After He Was Confirmed
Billy Long, a former Republican congressman, will no longer serve as the tax agency’s head. Treasury Secretary Scott Bessent will oversee the agency as acting...
What Lobsters and Chickens Reveal About Europe’s Trade Strategy
The European Union struck a trade deal that protected political priorities, like chicken and beef standards, while allowing headline-grabbing concessions. Consider lobsters....
Small Businesses Brace for the Punishing Side Effects of Trump’s Tariffs
Large firms with big bank balances, workers already in jobs and households near the top of the income ladder will have an easier time navigating...
Trump Names EJ Antoni New BLS Commissioner
President Trump fired the Bureau of Labor Statistics chief earlier this month after a downbeat jobs report. The move has raised concerns about the credibility...
Trump Warns of Economic Disaster if Court Strikes Down Tariffs
The president has crowed about the billions of dollars collected so far from tariffs. That money could be at risk if the White House loses...
Car Companies Are Paying Tariffs So You Don’t Have To
But automakers can’t absorb the cost forever and will soon begin to raise new car prices, analysts say....
Stephen Miran, Trump’s Temporary Pick at the Fed, Could Have a Lasting Effect
Stephen I. Miran may spend only a few months on the central bank’s board of governors, but in that time he can influence the discussions...
Trump Extends China Tariff Truce by Three Months
President Trump’s order continues a reprieve from the threat of escalating tariffs and export controls, which rocked the global economy earlier this year....
Stocks End Mixed, as Investors Take Steeper Tariffs in Stride
The S&P 500 ended the day 0.1 percent lower, a muted move compared to the upheaval when tariffs were first announced in early April....
Staggering U.S. Tariffs Begin as Trump Widens Trade War
The duties, which the president announced last week, took effect for about 90 countries just after midnight....
Trump to Double India’s Tariff to 50% Over Russian Oil Purchases
Tariffs on Indian exports to the United States will surge to 50 percent by late August, as part of an effort by President Trump to...
Why the B.L.S. Regularly Revises Jobs Data
President Trump fired the head of the Bureau of Labor Statistics last week and described a jobs report that included a big downward revision as...
U.S. Imports Slid in June on Higher Tariffs
Imports from other countries fell around 4 percent from the previous month as President Trump’s steep tariffs discouraged businesses from ordering goods....
Stock Market Posts Worst Week in Months on Renewed Economic Fears
Data showing cracks in the U.S. labor market and President Trump’s newest barrage of tariffs shook investors around the world, weighing on stocks, the dollar...
Trump’s Demand to Trading Partners: Pledge Money or Get Higher Tariffs
President Trump is using an “Art of the Deal” approach to get other nations to hand over cash to lower their tariffs....
Here is the latest.
Here is the latest....
Stocks Drop as Trump’s New Tariffs Weigh on Markets
Data showing cracks in the U.S. labor market and President Trump’s newest barrage of tariffs shook investors around the world, weighing on stocks, the dollar...
Harm or Help? Why Companies Are Battling Tariffs Meant to Benefit Them.
Economists say the way the Trump administration is imposing tariffs is backfiring for some of the businesses they are meant to help....
Trump Fires BLS Commissioner, Claiming Weak Jobs Numbers Were ‘Rigged’
Economists said ousting the head of the Bureau of Labor Statistics could undermine confidence in government economic data....
Trade Fueled Inequality. Can Trump’s Tariffs Reduce It?
The president has pitched his trade policies at workers who feel left behind by globalization. But that doesn’t mean trade barriers will revive factories and...
Fed Governor Resigns, Giving Trump Opportunity to Shape Central Bank
The resignation comes as President Trump has openly pressured the central bank to lower interest rates and called for Jerome H. Powell, the chair, to...
Switzerland Is Stunned by 39% U.S. Tariff, Among the Highest in the World
Swiss officials plan to negotiate furiously for a lower rate in the coming days, before the punishing levy takes effect....
Trump Targets Copper With Tariffs, Though Not as Aggressively as Expected
The president stopped short of putting a 50 percent tariff on refined copper, as he had threatened earlier this year. The market reaction was swift...
Countries Promise Trump to Buy U.S. Gas, and Leave the Details for Later
U.S. trading partners are committing to buy more gas than they need or than the U.S. can produce, at least in the short term....
South Korea Reaches Trade Deal With Trump
The agreement comes after other American allies, like Japan, clinched their own deals to partly moderate President Trump’s tariff threats....
I.M.F. Raises Global Growth Outlook as U.S. Eases Some Tariffs
The International Monetary Fund warned that trade tension continued to be a risk for the global economy....
Trump Is Winning His Trade War. What Will That Mean for the Economy?
The president’s vision for reshaping global trade is falling into place, but he is embarking on an experiment that economists say could still produce damaging...
Who Pays for U.S. Tariffs, and Where Does the Money Go?
President Trump is seeking to raise federal revenue by imposing levies on goods from foreign nations. Here’s how the process works....
Trump’s Tariffs Are the Highest in a Century. But After His Threats, They Seem Like a Relief.
The president imposed tariffs on Japan, one of America’s closest allies, that would have been alarming just months ago. And markets went up....
Trump to Visit Federal Reserve As Campaign Against Powell Intensifies
The administration has repeatedly criticized Jerome H. Powell, the chair of the central bank, for his handling of the economy and the cost of renovations...
Investment Fund Seals Trade Deal for Japan and Expands Trump’s Influence
President Trump will get to decide where to invest Japanese money and the United States will keep 90 percent of the profits, the White House...
Trump Administration Keeps 19 Percent Tariff on Indonesia in Trade Deal
The administration provided some insight into the terms that were agreed upon between Indonesia and the United States, hinting at how other vague and hastily...
Trump Administration Keeps Pressure on Powell Over Rate Cuts and Renovations
President Trump and his top aides have criticized Jerome H. Powell, the Fed chair, for his management of both the economy and a $2.5 billion...
In Search of Trade Deal, Philippines’ Leader Will Meet With Trump
President Trump has placed a 20 percent tariff on goods imported from the country, effective Aug. 1....
As Trump Courts a More Assertive Beijing, China Hawks Are Losing Out
The Trump administration has dialed back aggressive measures against China and reversed its position on technology controls as the president angles for a Chinese trip...
Rising Inflation Underscores Risks in Trump’s New Tariff Threats
New data showing price increases last month could foreshadow even higher costs if the president imposes steep tariffs on Aug. 1....
He Helped Big Companies Dodge Taxes. Now He’s Writing the Rules.
Ken Kies, a longtime tax lobbyist who worked for some of the world’s largest businesses, is now running the Treasury Department’s office that will administer...
The Economy Has Been Resilient. The New Round of Tariffs May Hit Harder.
The economy’s resilience so far to President Trump’s global trade war risks emboldening him and unleashing the sort of economic devastation that economists have long...
Bluffs and Bluster Aside, Trump’s Tariffs Are Here to Stay
The president has earned a reputation for bluffing on tariffs. But he has steadily and dramatically raised U.S. tariffs, transforming global trade....
To Sidestep Trump Tariffs, Asian Nations Seek New Trade Partners
Most nations are still negotiating in hopes of avoiding punitive import taxes. At the same time, they’re looking for trading partners as a way around...
Tariffs or Deals? Trump Seems Content With Punishing Levies.
The president’s supporters portray him as a top dealmaker. But, at least for now, far more trading partners have gotten stiff tariffs than trade deals....
The Mexican Businessman Grateful for Trump’s Tariffs
A small company in northern Mexico had faced steep competition from China in making straps, plugs, fasteners, grommets, zip ties and clamps. Now, U.S. tariffs...
Trump Fuels Fear Among Immigrant Farm Workers in California’s Central Valley
The fertile valley feeds the world. President Trump has thrown farmers and farmworkers there into turmoil, but recently offered them a glimmer of hope....
Trump Tariffs Aim to Settle Scores With Countries, No Matter How Small
The president’s tariff announcements suggest he has not backed away from his initial strategy, where even minor trading partners will face tariffs....
Trump Didn’t Always Tout Tariffs. Now He Sees Them as a Way to Flex Power.
Instead of treating tariffs as part of a broader trade policy, President Trump views them as a valuable weapon he can wield on the world...
What Is a Trade Deal? Trump Takes an Expansive View.
The president is deploying the word “deal” liberally, using the term to describe all kinds of trade arrangements, some very limited or one-sided....
Trump’s New Trade Threats Set Off Global Scramble to Avoid Tariffs
Many countries thought they were negotiating in good faith. The White House renewed its “reciprocal” tariff plan anyway, giving countries until Aug. 1 to make...
Here Are Trump’s New Tariff Threats
President Trump has told 14 countries that they will face tariffs of at least 25 percent on Aug. 1 if they don’t reach agreements by...
Trump Keeps Foreign Countries on Edge as Tariff Deadline Nears
The president is again threatening higher tariff rates on a dozen foreign nations, as a deadline elapses this week for making trade deals....
Bessent Says He Expects Trade Deals by This Week’s Deadline
But the Treasury secretary also said that some countries working toward agreements with the United States could have until Aug. 1....
Can Indonesia Afford Prabowo’s Free School Lunch Program?
Indonesia’s president promised free meals for every student in the country. But unemployment is rising, and some analysts say he’s making matters worse....
Trump Says U.S. Has Reached Trade Deal With Vietnam
The president said he had agreed to initial trade terms with Vietnam, the second country to strike a limited deal after Mr. Trump threatened steep...
Trump’s Big Policy Bill Puts U.S. on Perilous Fiscal Path
Among the most expensive pieces of legislation in years, the Republican legislation could reshape the country’s finances for a generation....
Trump’s Threat of More Tariffs Slows Trade Deals
As America’s largest trading partners race toward deals, they are increasingly worried about being hit with future tariffs on their critical industries....
Trump Signals U.S. Is Nearing Trade Deals but Says Some Countries Will Face Tariffs
President Trump said the United States would send out letters telling other countries “what they have to pay,” even as other officials said negotiations could...
Some Republicans Join Democrats in Unease Over White House Budget Cuts
President Trump has sought to claw back funds for public broadcasting and foreign aid, sparking a fierce debate over the power of the purse....
How Yemeni Cafes like Haraz Coffee House Are Building Momentum and Community
For cafes like Haraz Coffee House, riding a wave of interest nationwide in late-night, alcohol-free gathering spaces means embracing the franchise model....
Trump Confronts Potential for High Oil Prices After Iran Strikes
President Trump, aware of how high gas prices could affect his popularity, demanded on social media that the U.S. “KEEP OIL PRICES DOWN.”...
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....