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The United States’ loss of its last triple-A credit rating and mounting concerns about government debt are threatening to disrupt the relative calm in financial markets that has prevailed since President Trump began pausing tariffs early last month. One factor jarring markets is a bill in Congress that would make Mr. Trump’s signature 2017 tax…
Earlier this month, President Trump closed a longstanding loophole that had allowed a flood of inexpensive Chinese goods to be mailed to the United States without any tariffs. Starting on May 2, those packages faced a tariff of 120 percent or a $100 flat fee. After the United States and China agreed this week to…
Pandora, the world’s largest jewelry company, is based in Denmark and has nearly 500 stores in the United States, more than in any of its other key markets. But in some ways, its real home is Thailand, where the company has been making its products for nearly four decades. Like many global corporations, Pandora has…
When Slate Auto, a start-up, unveiled a roughly $25,000 electric pickup truck last month, social media lit up with comments. Many people saw the no-frills vehicle, with an easy-to-repair body and nostalgic hand crank windows, as a refreshing antidote to today’s overstuffed and increasingly unaffordable cars. How unaffordable? Average monthly payments on new cars have…
There’s a tale told about a miner who found copper cans in his garbage dump in the early days of mining. Wastewater from copper mining had flowed through his land, he said, and turned steel cans into copper. The story might be apocryphal, but the process is real, and it’s called cementation. Montana Resources, the…
In the face of U.S. tariffs, Honda said on Monday that it would shift production of one of its popular vehicles from Ontario to a U.S. factory and postpone an $11 billion plan to make electric vehicles and batteries in Canada. The announcement came less than a month after Honda denied a report in the…
Automakers are worried that President Trump’s tariffs on imported cars and auto parts will soon increase their costs and start eating into profits. But at least one business in the auto industry thinks the tariffs could give it a lift. That company is Carvana, an online retailer of used cars that has gained fame for…
U.S. inflation cooled slightly in April in what economists warn could be a final lull before a likely surge in consumer prices stemming from President Trump’s trade war. The better-than-expected report is welcome news for the Trump administration and the Federal Reserve, which has been trying to wrestle inflation back down to its 2 percent…
President Trump on Monday signed an executive order asking drugmakers to voluntarily reduce the prices of key medicines in the United States. But the order cites no obvious legal authority to mandate lower prices. The order said the administration would consider taking regulatory actions or importing drugs from other countries in the future if drugmakers…
President Trump had one big question on his mind as Canadian Prime Minister Mark Carney headed to Washington last week. “I very much want to work with him, but cannot understand one simple TRUTH,” Mr. Trump said in a social media post, reiterating several of ways he believes Canada benefits unfairly from its trade relationship…
