NYT > Business > Economy

Trump’s Tariffs Bump Into Reality as Economic Strategy Wavers

President Trump has said his punishing tariffs would force companies to build factories in the United States. But it is far from clear that they will have the effects he predicted.
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Trump Team Races to Form Trade Deals After Tariffs Sow Global Chaos

The president’s threats of tariffs have brought countries like Japan, South Korea and India rushing to negotiate, but they have sown chaos with bigger trading partners like China.
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Scott Bessent Accuses IMF and World Bank of ‘Mission Creep’

Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their missions.
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IMF Expects Trump’s Tariffs Will Slow Global Economic Growth

The International Monetary Fund expects slower growth and higher inflation in the U.S. as a result of President Trump’s trade policies.
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Chobani Plans to Invest Over $1 Billion in New N.Y. Factory

The company, which has branched out from Greek-style yogurt, will invest more than $1 billion in the plant in the city of Rome.
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After Trump Spares Apple, Other Businesses Want a Tariffs Break

Retail executives huddled with the president amid fears that tariffs could result in higher prices.
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The Business Playbook for Tariff Chaos

President Trump’s trade war is forcing companies to cut costs, raise prices, shrink profits, discontinue products and find other suppliers.
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Inside a Union’s Fight Against Trump’s Federal Job Cuts

Leaders of the union representing government workers say their battle is galvanizing but also alarming. “It’s insulting to say,” one said, “that we are lazy.”
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Peter Navarro: The Architect of Trump’s Tariffs

Once sidelined, President Trump’s counselor Peter Navarro has returned to Washington and quickly upended the global trading system.
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The Trump Billionaires Who Run the Economy and the Things They Say

“You have to laugh to keep from crying,” one Republican pollster said about recent comments by the billionaires on the stock market, retirement funds and Social Security.
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Trump Shifted on Tariffs After Bond Holders Got Jittery. He Held Millions Himself.

As of August, the president’s investment portfolio showed significantly more in bonds than in stocks. It is unclear if his personal holdings had any bearing on his decisions regarding tariffs.
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Meloni and Trump Oval Office Meeting Cements Special Rapport

In Washington, President Trump lavished praise on Prime Minister Giorgia Meloni of Italy. He also accepted her invitation to visit Rome.
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IMF Warns Trump Tariffs Will Weaken Economy and Increase Inflation

Kristalina Georgieva, the managing director of the International Monetary Fund, warned in a speech that protectionism erodes productivity.
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Trump Says Fed Chair Jerome Powell’s ‘Termination Cannot Come Fast Enough’

Jerome Powell has said that the Federal Reserve can be patient as the effects of tariffs become more clear. President Trump, pushing for interest rate cuts, said, “Powell’s termination cannot come fast enough!”
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Powell Warns Trump Tariffs Could Trigger Higher Inflation and Slower Growth

Jerome H. Powell warned that President Trump’s tariffs could lead to a “challenging scenario” for the central bank.
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Unions Form Pro Bono Legal Network for Federal Workers Targeted by Trump

Organized labor has taken a leading role in challenging the Trump administration’s downsizing agenda in court. A new service will offer more individualized representation.
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The Grand Egyptian Museum Is Finally Open. (Well, Mostly.)

The Grand Egyptian Museum, outside Cairo, has been delayed by revolutions, wars, financial crises and a pandemic. At long last, here’s a look inside.
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Trump Joins Japan Trade Talks, Says ‘Big Progress’ Made

For his first face-to-face talks on tariffs, the president chose Japan, a U.S. ally that decades ago stirred his anger over the unequal balance of trade and his penchant for tariffs.
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Trump’s 10% Tariff May Be Less Onerous but Still Raises Prices and Threatens Trade

The blanket tariffs, once considered extreme, still threaten to harm world trade and make everything more expensive for businesses and consumers.
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Trump’s Dilemma: A Trade War That Threatens Every Other Negotiation With China

President Trump is staking everything on winning by imposing tariffs on China. But the fight threatens to choke off negotiations about other issues like Taiwan, fentanyl, TikTok and more.
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