In the scrum to keep the wheels of trade turning, Chinese companies are pivoting to neighboring countries to escape President Trump’s crippling tariffs. The hustle is on show in Vietnam. Factories that make everything from jeans to Christmas wreaths are trying to get there fast. The ones that have already moved are ramping up. The…
The call from a supervisor came to the steel shop floor in Sheffield, England, on Thursday afternoon: The tariffs were off. “Everything had changed for us,” said Richard Bott, as he stood near stacks of steel slabs still radiating waves of heat from the mill. In a trade deal with Britain announced with much fanfare…
Top economic officials from the United States and China are poised to meet in Geneva on Saturday for high-stakes negotiations that could determine the fate of a global economy that has been jolted by President Trump’s trade war. The meetings, scheduled to continue on Sunday, will be the first since Mr. Trump ratcheted up tariffs…
Have you found yourself dabbling with the idea of spending your next vacation at the White Lotus, a luxury resort famous for its obnoxious guests and regular murders? Welcome to the world of “set-jetting,” in which the settings of popular movies and TVs shows like “The White Lotus” become pilgrimage sites for fans. The White…
President Trump hailed an agreement with Britain as a breakthrough — but far tougher negotiations, including with China, beckon. Source link
The Trump administration has started an investigation into the import of commercial aircraft, jet engines and related parts that could lead to new tariffs on top of the many it has already put in place. According to a federal notice posted online on Friday, the commerce secretary, Howard Lutnick, started the investigation on May 1…
Corporate America is stumbling in the dark, and so are investors. Ford and General Motors executives say they can’t estimate what lies ahead. There’s too much fog even to hazard a guess, so both companies have suspended earnings guidance — signals about future sales and profits — leaving investors to navigate on their own. And…
British Airways will get 32 new Boeing planes, in a deal worth nearly $13 billion, its parent company announced on Friday, a day after U.S. officials teased a big order was coming for America’s largest plane maker. IAG, which owns British Airways and other European airlines, said it had ordered the Boeing aircraft as well…
At least 44 of the government contracts canceled on the orders of Elon Musk’s cost-cutting initiative have been resurrected by federal agencies, wiping out more than $220 million of his group’s purported savings, according to a New York Times analysis of federal spending data. But Mr. Musk’s group continues to list 43 of those contracts…
President Trump suggested on Friday that he was open to sharply reducing the tariffs that the United States had imposed on China, as American and Chinese negotiators prepare to meet in Switzerland this weekend for high-stakes trade talks. Trade tensions between the United States and China have roiled international markets and the global economy. The…
