❌

Normal view

There are new articles available, click to refresh the page.
Today — 8 April 2025Main stream

‘The Tsunami Is Coming’: China’s Global Exports Are Just Getting Started

✇NYT | Top Stories
By: Keith Bradsher
7 April 2025 at 17:03
A staggering $1.9 trillion in extra industrial lending is fueling a continued flood of exports that could be spread even wider across the world by the Trump tariffs.

© Qilai Shen for The New York Times

When Zeekr, an electric carmaker, opened its factory in Ningbo, China, four years ago, the facility had 500 robots. Now it has 820, with more on the way.
Yesterday — 7 April 2025Main stream

JPMorgan Chase CEO Jamie Dimon Warns of Economic Pain From Trump’s Tariffs

✇NYT | Top Stories
By: Michael J. de la Merced
7 April 2025 at 22:15
In his annual letter to shareholders, Jamie Dimon, the chief executive of JPMorgan Chase, wrote that a trade fight could dampen consumer and investor confidence and increase inflation.

© Haiyun Jiang for The New York Times

Jamie Dimon, chief of JPMorgan Chase, said that U.S. tariffs would fuel inflation and slow the economy.

Europe Gears Up to Make Its First Countermove to Trump Tariffs

✇NYT | Top Stories
By: Jeanna Smialek
7 April 2025 at 21:15
European Union officials will vet and vote on a list of retaliatory tariffs this week, while contemplating what comes next.

© Laetitia Vancon for The New York Times

Parts of BMW car bodies emerging from a machine at a plant in Munich. Auto manufacturing is Germany’s largest industry, and the United States is the sector’s biggest export market.

Trump’s Trade War Raises Bar for Fed Rate Cuts

✇NYT | Top Stories
By: Colby Smith
7 April 2025 at 17:03
Tariffs set to take effect this week risk stoking even higher inflation and slower growth than expected, complicating the central bank’s decisions on monetary policy.

© Anna Rose Layden for The New York Times

As the rout in financial markets intensified last week, President Trump turned his ire toward the Federal Reserve, which he has pressured to resume interest rate cuts.

Gulf Coast Shrimpers See Hope in Trump’s Tariffs

✇NYT | Top Stories
By: Emily Cochrane
7 April 2025 at 17:03
After years struggling to compete with cheaper, farm-raised imported shrimp, shrimpers from Florida to Louisiana are optimistic that the new tariffs will help them.

© Zack Wittman for The New York Times

Shrimp is sold at Big Daddy’s Seafood Market in Fort Myers Beach, Fla.

China Tries to Downplay the Trade War’s Effects on Its Economy

✇NYT | Top Stories
By: David Pierson， Claire Fu and Vivian Wang
7 April 2025 at 14:39
Faced with economic disruption, Beijing is presenting itself as too powerful to succumb to U.S. pressure. It is also censoring criticism at home.

© Kevin Frayer/Getty Images

Shoppers in Beijing on Friday. The trade war will be painful, but it is nothing that the country cannot handle, China says.

China Downplays the Trade War’s Effects on Its Economy

✇NYT | China
By: David Pierson
7 April 2025 at 14:01
Faced with economic disruption, Beijing is presenting itself as too powerful to succumb to U.S. pressure and casting itself as a responsible champion of fair trade.

Trump’s Tariffs Imperil the Fortunes of a Nissan Factory Town

✇NYT | Top Stories
By: River Akira Davis and Hisako Ueno
7 April 2025 at 12:09
Kanda, on Japan’s southern coast, grew in tandem with an auto plant that sends half of the cars it makes to the United States.

© Noriko Hayashi for The New York Times

A Nissan on display at the Kitakyushu Airport, not far from the small town of Kanda in Japan. Nissan’s sprawling car factory in Kanda is the lifeblood of the town.

Bitcoin Is Down 10% Since Trump’s Global Tariff Announcement

✇NYT | Top Stories
By: David Yaffe-Bellany
7 April 2025 at 10:36
The rapid drop shows that cryptocurrencies, which the president has promoted, are subject to the same market gyrations as any other risky asset.

© Dale De La Rey/Agence France-Presse — Getty Images

Bitcoin at a cryptocurrency exchange.

Stocks in Asia Fall Sharply, Extending a Rout Caused by Trump’s Tariffs

✇NYT | Top Stories
By: Joe Rennison and River Akira Davis
7 April 2025 at 08:29
Futures on the S&P 500, which allow investors to trade the index before regular trading begins on Monday, added to last week’s sell-off.

© Eric Lee/The New York Times

President Trump has so far brushed off concerns about the market reaction and potential economic consequences, showing little intention of backing down.

Wall Street’s Decision Makers Brace for More Chaos After Markets Plunge

✇NYT | Top Stories
By: Rob Copeland， Lauren Hirsch and Maureen Farrell
7 April 2025 at 02:35
The financial titans who backed Trump are now dealing with the fallout from his tariffs. They spent the weekend surveying the damage of last week’s major sell-off.

© Karsten Moran for The New York Times

The New York Stock Exchange on Friday. Bankers, executives and traders said this weekend that they felt flashbacks to the global financial crisis that began in 2007.

Trump, Tariffs and Carney: Canada Polls Show Liberals With Early Election Lift

✇NYT | Top Stories
By: Kaleigh Rogers
6 April 2025 at 22:55
The Liberal Party, which not long ago seemed destined to crash in federal elections under Justin Trudeau, is experiencing a reversal of fortune. Here’s what a close review of polls shows.

© Cole Burston for The New York Times

Support signs for the Liberal Party of Canada, in the windows of a house in the community of Manotick, in Ottawa, Ontario.

Trump Says Tariffs Will Stay Until Trade Deficit Disappears

✇NYT | Top Stories
By: Tony Romm and Ana Swanson
7 April 2025 at 09:29
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

President Trump at the White House on Sunday. He wrote on social media that the only way to cure “massive Financial Deficits” with China, Europe and many others was with tariffs.
Before yesterdayMain stream

Trump’s Tariffs Will Wound Free Trade, but the Blow May Not Be Fatal

✇NYT | Top Stories
By: Mark Landler
6 April 2025 at 17:01
Free trade has been so beneficial to so many countries that the world may find a way to live without its biggest player.

© Doug Mills/The New York Times

President Trump on Wednesday in the White House Rose Garden, where he announced a sweeping list of tariffs on more than 100 countries.

Small Businesses Face a ‘Tornado’ of Challenges: Cuts, Freezes and Now Tariffs

✇NYT | Top Stories
By: Lydia DePillis
6 April 2025 at 17:01
President Trump vowed to aid entrepreneurs by reducing taxes and slicing red tape. But some owners say other policies have put them at a disadvantage.

© Rachel Woolf for The New York Times

Ben Coryell, owner of Golden Mountain Guides in Colorado, is concerned about how long his business can continue to offer climbing courses and mountaineering expeditions.

For Republicans, Tariffs Pose a Risk Like No Other

✇NYT | Top Stories
By: Nate Cohn
6 April 2025 at 17:01
Trump’s political strength is built on the economy. If it sinks, he could drag his party down with him.

© Haiyun Jiang for The New York Times

The fallout from tariffs could obscure the popular elements of the Trump agenda.

After Trump’s Tariffs, Stocks Plunged but Penguin Memes Ticked Up

✇NYT | Top Stories
By: Eve Sampson
6 April 2025 at 06:16
The internet poked fun at the Trump administration’s decision to impose new tariffs on Heard Island and McDonald Islands, Australian territories near Antarctica where many penguins but no people live.

© Matt Curnock/Agence France-Presse — Getty Images

A photo released by the Australian Antarctic Division shows a group of King penguins standing on the shores of Corinthian Bay in the Australian territory of Heard Island.

British Carmaker Jaguar Land Rover Pauses Shipments to U.S.

✇NYT | Top Stories
By: Eshe Nelson
6 April 2025 at 00:25
The luxury automaker, which faces 25 percent import tariffs, said it was halting shipments in April as it addresses the new trading terms.

© Adam Vaughan/EPA, via Shutterstock

New vehicles at the Jaguar Land Rover plant near Liverpool, England.

Musk Says He Hopes Europe and U.S. Move to a ‘Zero-Tariff Situation’

✇NYT | Top Stories
By: Emma Bubola
6 April 2025 at 03:26
The billionaire adviser to the Trump administration appeared to part ways with the president in a videoconference appearance with Italy’s far-right League party.

© Jamie Kelter Davis

Elon Musk speaking last week in Green Bay, Wis., during an America PAC town hall.

Lesotho, a Small African Nation, Expects a Big Hit From Trump’s Tariffs

✇NYT | Top Stories
By: Patricia Cohen
5 April 2025 at 17:03
The amount of manufactured goods exported from Africa to the United States is minuscule. But for Lesotho, the impact of a stunning 50 percent tariff is enormous.

© Roberta Ciuccio/Agence France-Presse — Getty Images

A worker folds jeans at textile factory in Maseru, Lesotho. The textile industry is the country’s largest private employer and produces its top export.
❌
❌