Bessent Takes Tricky Center Stage as Trade Wars Roil U.S. Economy
The Treasury secretary received counsel and criticism from some of his predecessors over President Trump’s policies.
The Treasury secretary received counsel and criticism from some of his predecessors over President Trump’s policies.
Many Americans have purchased foreign-made products out of fears that companies could start to raise prices soon.
Ursula von der Leyen is trying to ensure that if the international trading system is remade, the E.U. is at the center of what comes next.
The country’s debt is in demand amid the chaos in financial markets spurred by whipsawing U.S. tariff policies.
In the usually steady government bond market, the yield on the 10-year Treasury has risen to about 4.5 percent from less than 4 percent at the end of last week.
A new survey from the University of Michigan shows consumers souring sharply on the economic outlook as the trade war heats up.
Economists say the U.S. manufacturing decline in recent decades was not mainly about free trade, but about the pace of change without time to adjust.
Soybean producers warn that farms could go under as the Trump administration hits China with new tariffs of 145 percent.
Even companies that make clothing in America aren’t feeling great about stiff duties on their overseas competition.
The bloc had voted to impose retaliatory measures just before President Trump made his last-minute U-turn. It has now announced a postponement.