Normal view

There are new articles available, click to refresh the page.
Today — 12 April 2025Main stream

Bessent Takes Tricky Center Stage as Trade Wars Roil U.S. Economy

12 April 2025 at 17:02
The Treasury secretary received counsel and criticism from some of his predecessors over President Trump’s policies.

© Eric Lee/The New York Times

Treasury Secretary Scott Bessent discussing President Trump’s 90-day pause on “reciprocal” global tariffs on Wednesday.

Bond Market is Upended by Trump’s Tariffs

In the usually steady government bond market, the yield on the 10-year Treasury has risen to about 4.5 percent from less than 4 percent at the end of last week.

© Rod Lamkey Jr. for The New York Times

The price of government bonds, issued by the U.S. Treasury, fell on Friday, while yields rose sharply.
Yesterday — 11 April 2025Main stream

Markets Worry About Finding an Exit From Trump’s Trade Fight

Investors are concerned about the continued escalation of the U.S.-China tariff battle — and the state of the president’s negotiating leverage.

© Kevin Lamarque/Reuters

The gulf is widening between the United States and China over their tit-for-tat tariff clash.

The ‘China Shock’ Offers a Lesson. It Isn’t the One Trump Has Learned.

11 April 2025 at 17:03
Economists say the U.S. manufacturing decline in recent decades was not mainly about free trade, but about the pace of change without time to adjust.

© Coley Brown for The New York Times

The opening of U.S. trade with China a quarter-century ago led to a flood of imports that came to be known as the “China shock.”

Trump Insists ‘Everybody’ Wants to Make a Trade Deal With the U.S.

The administration says foreign governments are racing to the United States to negotiate, but exactly which countries might strike a deal — and over what — remains unclear.

© Eric Lee/The New York Times

President Trump and Secretary of State Marco Rubio during a cabinet meeting on Thursday.

Trump’s Tariffs Could Impact Apparel Companies That Make Clothing in the U.S.

11 April 2025 at 00:21
Even companies that make clothing in America aren’t feeling great about stiff duties on their overseas competition.

© Karsten Moran for The New York Times

Workers in a “cut and sew” apparel factory in the garment district of Manhattan. The factory is a contractor of the fashion brand Outlier.

Trump’s Tariff Reversal Calms Some G.O.P. Nerves, but Questions Linger

Most Republicans welcomed the unexpected three-month pause on several of President Trump’s tariffs, but some want more clarity about the president’s end game and more power for Congress over trade.

© Haiyun Jiang for The New York Times

Senator Thom Tillis, Republican of North Carolina, pressed Jamieson Greer, President Trump’s top trade official, on the intent of the tariffs plan.
Before yesterdayMain stream

U.S. and China Headed for ‘Monumental’ Split, Putting World Economy on Edge

A deepening trade war could further weaken ties between the superpowers. The effects will reverberate everywhere.

© Gilles Sabrié for The New York Times

A cargo ship at the port of Ningbo-Zhoushan in China’s Zhejiang province last month.
❌
❌