Shoppers at a grocery store in Brooklyn last week. Food prices have risen significantly this year, and a gauge of consumer confidence hit near-record lows this month.
President Trump has made it easier for countries that are close to Russia and China to build ties with the United States. Those countries are embracing the opportunity.
President Trump has made it easier for countries that are close to Russia and China to build ties with the United States. Those countries are embracing the opportunity.
Many of the president’s tariffs rest on the legal claim that the gap between what America imports and exports is a national emergency, an idea that remains contentious.
Shipping containers at the Port of Baltimore in June. The United States has run a trade deficit since the late 1970s, but it reached a historic $1.2 trillion last year.
Diamonds are mined in various countries but are often cut and polished in India. President Trump used emergency powers to impose a 50 percent tariff on Indian exports in August.
Some analysts say Beijing won a major victory in its trade talks: Getting the U.S. to withdraw a national security measure that previously was not under discussion.
Some analysts say Beijing won a major victory in its trade talks: Getting the U.S. to withdraw a national security measure that previously was not under discussion.
The president signaled he would discuss the sale of Nvidia’s Blackwell chips in a summit on Thursday, a move U.S. officials warned would be a “massive” national security mistake.
The president signaled he would discuss the sale of Nvidia’s Blackwell chips in a summit on Thursday, a move U.S. officials warned would be a “massive” national security mistake.
President Trump and Xi Jinping last met in person in 2019. The new trade investigation could ramp up tensions between the world’s largest economies ahead of a consequential meeting next week.
The president said he was motivated by an ad, paid for by the province of Ontario, that featured Ronald Reagan criticizing tariffs in a 1987 radio address.
An investigation by the Trump administration could be a U.S. effort to gain leverage before a meeting between President Trump and the Chinese leader, Xi Jinping.
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