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.
President Trump is using an “Art of the Deal” approach to get other nations to hand over cash to lower their tariffs.
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 close income gaps.
Economists said ousting the head of the Bureau of Labor Statistics could undermine confidence in government economic data.
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 step down.
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 and more.
President Trump has long wanted to rework world trade. The tariffs set to go into effect next week will carry out that plan.
The latest round of tariffs is likely to make agricultural production even more expensive and, potentially, limit access to goods not produced in the United States.