Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their missions.
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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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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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Retail executives huddled with the president amid fears that tariffs could result in higher prices.
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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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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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Once sidelined, President Trump’s counselor Peter Navarro has returned to Washington and quickly upended the global trading system.
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“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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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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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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Kristalina Georgieva, the managing director of the International Monetary Fund, warned in a speech that protectionism erodes productivity.
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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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Jerome H. Powell warned that President Trump’s tariffs could lead to a “challenging scenario” for the central bank.
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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, 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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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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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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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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The idea of raising taxes on rich Americans has caught the Republican Party between its populist ambitions and low-tax instincts.
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Citing a national security statute, the administration has begun a process to investigate the impact of imported semiconductors and pharmaceuticals.
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