business

President Trump on Monday issued a new ultimatum to China: Rescind its retaliatory tariffs, or face a 104 percent tax on its exports to the United States starting later this week. The president’s threat risked another major escalation in what has already become a costly and damaging global trade war, one that has roiled financial … Read more

Trump threatened China with even bigger tariffs President Trump yesterday told China to rescind its retaliatory tariffs on the U.S. or face additional tariffs of 50 percent starting tomorrow. The threat came as countries around the world were trying to appeal to the president to have steep tariffs rolled back. The added tariffs would bring … Read more

President Trump’s plan to impose sweeping tariffs on most of America’s trading partners has governments across the globe racing to schedule phone calls, send delegations to Washington and offer up proposals to lower their import taxes in order to escape the levies. On Monday, European officials offered to drop tariffs to zero on cars and … Read more

Seven days after an earthquake devastated Turkey in 2023, French volunteers used a suitcase-size radar to locate a survivor under the rubble. It was one of many lives the device helped save in the aftermath of the disaster. The group also rushed volunteers to Myanmar after a powerful earthquake last month leveled buildings, bridge and … Read more

For decades, the world’s largest car factory was Volkswagen’s complex in Wolfsburg, Germany. But BYD, the Chinese electric carmaker, is building two factories in China, each capable of producing twice as many cars as Wolfsburg. Recent data from China’s central bank shows that state-controlled banks lent an extra $1.9 trillion to industrial borrowers over the … Read more

China’s leaders have sent a clear message about the effects of the Trump administration’s sweeping tariffs: Things will be painful, but it is nothing that the country cannot handle. A commentary on Sunday in the Communist Party mouthpiece, the People’s Daily, said Beijing had prepared for a trade war with the United States and that … Read more

China’s leaders have sent a clear message about the effects of the Trump administration’s sweeping tariffs: Things will be painful, but it is nothing that the country cannot handle. A commentary on Sunday in the Communist Party mouthpiece, the People’s Daily, said Beijing had prepared for a trade war with the United States and that … Read more

Kanda, a small town encircled by mountains on Japan’s southeast coast, is hundreds of miles from any major centers of business or politics. But recently, the only thing on its residents’ minds is President Trump. In restaurants and bars and around Kanda’s small city office, people chatter nervously about the 25 percent tariffs he declared … Read more

His father was marched to a forest and killed, like so many victims of the Khmer Rouge in Cambodia. Before he was led away, the father told his young son, Uon Chhin, to stand up and speak the truth, even if it might compromise his liberty. Decades later, Mr. Uon Chhin became a journalist during … Read more

Trump’s team defended tariffs in the face of anger President Trump’s top aides yesterday appeared on various media outlets to defend his global tariffs that went into effect over the weekend. Some said that they had already heard from foreign nations that are seeking to strike a deal. His top economic advisers dismissed the turmoil … Read more