Less than a year ago, executives from FedEx and UPS were talking about how they were handling a flood of packages from China to American consumers. “Explosive” is how Carol Tomé, UPS’s chief executive, in July described the volume of shipments from e-commerce companies selling Chinese goods in the United States. And FedEx’s chief customer…
DoorDash announced two deals worth billions of dollars on Tuesday, saying it has agreed to acquire Deliveroo, the British food delivery company, and SevenRooms, a platform used by hotels and restaurants to manage reservations and marketing. The acquisitions would enable DoorDash, the dominant food delivery app in the United States, to expand overseas and add…
Top officials from the Trump administration will meet with their Chinese counterparts in Switzerland this week, the first formal meeting about trade between the United States and China since President Trump raised tariffs on Chinese imports to triple-digit levels last month. Scott Bessent, the Treasury secretary, and Jamieson Greer, the United States trade representative, plan…
As Israel faces a doctor shortage, Jonathan Gray, the president of the investment firm Blackstone, and his wife, Mindy, are donating $125 million to Tel Aviv University’s health science and medical school. The donation, through the Grays’ foundation, is the largest ever to Tel Aviv University, and is expected to allow the medical school enrollment…
The share of U.S. imports from China in the first quarter of the year fell to its lowest point in over 20 years, as the high tariffs President Trump has put on Chinese goods clamped down on trade. U.S. imports from China reached $102.7 billion in the first three months of the year, data released…
The Senate voted on Tuesday to confirm Frank Bisignano as commissioner of the Social Security Administration, which has been thrown into turmoil after a three-month stretch steered largely by Elon Musk’s unofficial Department of Government Efficiency. President Trump’s nominee was confirmed by a vote of 53 to 47, which had been expected and was split…
Less than a week ago, President Trump suggested that children may have to make do with fewer toys this year. “Well, maybe the children will have two dolls instead of 30 dolls, you know?” He said those two dolls may “cost a couple of bucks more than they would normally.” On Monday, Mattel, the U.S….
Hours after Donald J. Trump was sworn in for a second term, he issued an executive order laying the groundwork for mass deportations of immigrants and denying them legal assistance. Public interest groups focused on immigrant rights teamed up to fight the order and called in Gibson Dunn, a major law firm with the resources…
Britain and India agreed to a trade deal on Tuesday, strengthening economic ties between two of the world’s largest economies amid President Trump’s upheaval of the global trade system. The deal, which the British government said would increase bilateral trade by 25.5 billion pounds ($34 billion), comes three years after the negotiations began. Intense talks…
Follow live updates on the Trump administration. For motorcycle lovers in Sweden, Harley-Davidson is the hottest brand on the road. Jack Daniel’s whiskey beckons from the bar at British pubs. In France, Levi’s jeans are all about chic. But in the tumult of President Trump’s trade war with Europe, many European consumers are starting to…
