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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…

Gerhard Randers-Pehrson, an 81-year-old resident of Ossining, N.Y., believes the $10,000 cap should go up — but not too much. While Mr. Randers-Pehrson, a retired research scientist, said he paid $16,000 in state and local taxes last year, he does not expect to personally benefit from a higher cap. He would take the standard deduction…

Robert A.G. Monks, a lawyer and businessman from a prominent Massachusetts family who unsuccessfully ran for the U.S. Senate three times but found a calling in his 40s as an influential defender of shareholder rights, died on April 29 at his home in Cape Elizabeth, Maine. He was 91. The cause was pancreatic cancer, which…

An air traffic control facility that guides planes at Newark Liberty International Airport suffered a brief radar outage on Friday morning, the latest technological disruption at one of the nation’s busiest airports. The Federal Aviation Administration said that the outage, which affected communications and radar displays at the facility in Philadelphia, occurred just before 4…

Randy Carr watched the news on his laptop the way you look at a doctor about to administer a shot — nervously and braced for pain. It was April 2, and President Trump was in the Rose Garden about to unveil new tariffs. An upbeat, slightly jacked 52-year-old, Mr. Carr is the chief executive of…