Administration officials reversed a decision made during the Biden presidency that would have given millions of people access to weight-loss drugs paid for Medicare and Medicaid.
The president’s aides insist the fallout will be short and ultimately result in a better economy, as economists warn of higher inflation and slower growth.
Clothing and apparel makers have expressed alarm that “obviously the prices are going to go up,” since apparel sold in America is manufactured in countries facing high tariffs, like China.
Higher prices could also be coming soon for seafood, sugar and coffee. But it may be a while before importers and retailers can gauge the effects of the new fees.
The company counts on the sale of devices for three-quarters of its nearly $400 billion in annual revenue, and it makes almost all of its iPhones, iPads and Macs overseas.
Wall Street analysts who follow Apple have been looking for signs that it will be granted a tariff exemption, but so far there is no sign any companies will get one.
Trump cutbacks were supposedly aimed at administrators. But scientists in food and drug-testing labs and policy experts who advance generic drug approvals were also dismissed.
Heirloom tomatoes imported from Canada, left, and avocados imported from Mexico in a Pittsburgh market last month. Inspections and testing of imported foods could be affected by the F.D.A. layoffs.
The company counts on the sale of devices for three-quarters of its nearly $400 billion in annual revenue, and it makes almost all of its iPhones, iPads and Macs overseas.
President Trump’s announcement went beyond most predictions, showing a greater willingness to follow his instincts even when critics — and some allies — consider failure a likely outcome.
The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump more crude surprised the markets.
Trade wars during President Trump’s first term slashed billions of dollars in U.S. agricultural exports. Farmers and trade groups expect an even bigger hit this time.
Importers will have to make changes to pay new tariffs on goods from Canada, Mexico and China, and government agencies will need more resources to enforce the fees.
Business owners told The Times that President Trump’s tariffs could lead to higher costs and expressed frustration at the sudden uncertainty about policy.
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