The president said he would not quickly reverse last week’s steep tariffs, which have sparked pushback and roiled markets.

© Haiyun Jiang for The New York Times

The loophole has allowed retailers to send goods from China directly to U.S. shoppers without paying tariffs. Closing it could raise consumer prices.

The billionaire was set to be briefed on the military’s closely guarded playbooks on China, raising new questions about his power and access.

There are limits to governing by executive order.

President Trump’s approach to tariffs has unsettled many corporate leaders who believed he would use the levies as a negotiating tool. As it turns out, he sees them as an end in themselves.

President Trump said that Americans would be better off in the long run from his tariffs, which he said would prevent the country from being “ripped off.”

In his address to Congress, the president made clear that his new trade levies were here to stay, acknowledging it might create “a little disturbance.” Analysts forecast what that might look like.

There is excitement about the potentially lucrative resources scattered around the island, especially the rare earths. But extreme weather, fired-up environmentalists and other factors have tempered hopes of a bonanza.