Chinese President Xi Jinping at a news conference in Beijing. Reuters/Jason Lee The Chinese government wasted no time responding to President Donald Trump's latest tariffs. In a statement released shortly after the midnight ET early Friday, China's Ministry of Commerce called the new tariffs — which beginning at 12:01 a.m. ET imposed a 25% duty…
WASHINGTON — A trade war between the world’s two largest economies officially began on Friday morning as the Trump administration followed through with its threat to impose tariffs on $34 billion worth of Chinese products, a significant escalation of a fight that could hurt companies and consumers in both the United States and China. The…
Several manufacturers, however, said they were skeptical that domestic steel and aluminum makers had the capacity to meet the increased demand any time soon, and worried that prices would continue to rise — and even threaten jobs at their own companies. Mr. Farrer has halted all hiring, leaving about 30 positions unfilled, and has canceled,…
WASHINGTON — The Trump administration said Tuesday that it was abandoning Obama administration policies that called on universities to consider race as a factor in diversifying their campuses, signaling that the administration will champion race-blind admissions standards. In a joint letter, the Education and Justice Departments announced that they had rescinded seven Obama-era policy guidelines…
On Tuesday, as visitors to the island disembarked the ferry in Oak Bluffs for the Fourth of July holiday, a spit of a beach nearby was already full of sunbathers. Some people sought relief from the 83-degree heat (and an unwanted touch of humidity) in waist-deep water. One couple sitting on a bench as they…
He won by capturing more than half the vote, according to early returns, more than any candidate since the nation began its transition to democracy nearly 20 years ago. In a reflection of the lopsided vote, his main competitors conceded the race within 45 minutes of the polls’ closing, another historical first. With his coalition…
Mary Kay Henry, the president of the Service Employees International Union, said that her union had cut its budget by about 30 percent in anticipation of the decision, and that the service employees had been talking with leaders of liberal groups for two years about how to offset the loss. She said the union, with…
It was a sea of red across global equities on Monday, with European stocks and U.S. futures following a slump in Asia at the start of a crunch week for global trade. Political risks dragged the euro and pound down, and dollar strength roiled emerging assets. More than 550 members of the Stoxx Europe 600…
President Donald Trump’s request to Saudi Arabia that it increase oil production shows how few options he has to lower prices at the gasoline pumps ahead of elections that are key to continuing his agenda. Even though the White House Saturday night backed off a tweet by Trump suggesting he’d persuaded Saudi King Salman bin…
“The purpose of the comment period,” the commerce secretary, Wilbur Ross, said in a statement, was “to make sure that all stakeholders’ views are heard, both pro and con.” “That will enable us to make our best informed recommendation to the president,” he added. In a highly intertwined, global car industry, a trade war can…
