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President Trump’s stiff tariffs on foreign auto imports will cost US carmakers nearly $108 billion — with Detroit’s Big Three getting slammed the hardest despite having plants in the states, according to a study. The 25% tax on foreign auto imports and parts, which went into effect April 3, is expected to impact 17.7 million […]
After months of threats, the White House unveiled plans on Wednesday to impose tariffs on automobiles imported to the United States, a plan that is likely to hit car companies across the European Union hard. The move — which would place a 25 percent tariff on all cars not built in the United States — […]
Netflix spent over $275 million to make “The Electric State,” a sci-fi action adventure film starring Millie Bobby Brown, Chris Pratt and a slew of sentient robots. Had it opened in theaters, instead of on its service as it did on March 14, the film would almost certainly be declared a giant disappointment. Reviews have […]
Elon Musk is facing questions about how much attention he is paying to his businesses as he advises President Trump on the direction of the federal government. The questions have mounted as Mr. Musk’s business empire — which includes the electric car maker Tesla, the social media site X and the rocket maker SpaceX — […]
President Trump plans to move forward with imposing stiff tariffs on Mexico, Canada and China on Saturday, in an attempt to further pressure America’s largest trading partners to accept more deportees and stop the flow of migrants and drugs into the country. In a news briefing on Friday, the White House press secretary, Karoline Leavitt, […]
At the Federal Reserve’s final gathering of 2024, Chair Jerome H. Powell announced that the U.S. central bank was embarking on a “new phase” in how it would set interest rates. The Fed planned to “move cautiously” with cuts going forward, Mr. Powell told reporters at the time, reflecting officials’ thinking that they could afford […]
President-elect Donald J. Trump has threatened tariffs on many countries for many different reasons. On Monday, he found a new purpose for his favorite economic tool. Mr. Trump said he would “tariff Denmark at a very high level” if it refused to allow Greenland — a North American island that is an autonomous territory within […]
