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NYT > Business
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U.S. and China Headed for ‘Monumental’ Split, Putting World Economy on Edge
A deepening trade war could further weaken ties between the superpowers. The effects will reverberate everywhere.
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Wall Street Stumbles as Relief Over Tariff Pause Fades
The S&P 500 slid, as trade hostilities continued to heat up between Washington and Beijing. Earlier, stocks in Europe and Asia soared.
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Inside Factories in China, a Struggle to Survive Trump’s Tariffs
Small factories with tiny profit margins have played a central role in China’s international competitiveness. Many could now face disaster.
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After Trump’s Pause on Tariffs, EU Delays Retaliation to Allow Talks
The bloc had voted to impose retaliatory measures just before President Trump made his last-minute U-turn. It has now announced a postponement.
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China Says Its Own Consumers Will Save the Day. But They’re Not Buying.
If sky-high U.S. tariffs hurt China’s exports, domestic spending will help make up for it, Beijing says. But shoppers were skittish even before the trade war.
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Can Britain Be a ‘Sensible, Stable’ Haven in Trade War? Some See Potential.
The country faces several economic challenges but so far has avoided the worst of the turmoil afflicting targets of President Trump’s anger.
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Prada to Buy Versace for Nearly $1.4 Billion
The deal is a big bet on the value of “Made In Italy.”
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Why Young Investors Are Not Worried About Stock Market Swings
While retirees and others fretted about their portfolios, some members of Gen Z and younger millennials kept calm and bought the dip.
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CNBC and Fox Business See Viewership Soar Amid Market Chaos
Viewership of Fox Business and CNBC has soared since President Trump’s tariffs created chaos in the global economy.
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Pressuring Migrants to ‘Self-Deport,’ White House Moves to Cancel Social Security Numbers
By placing migrants in Social Security’s “death master file,” the Trump administration is seeking to cut off their access to credit cards, bank accounts and other financial services.
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Tariff News Is Scant Relief for Restaurants
Confusion and uncertainty hang over an industry with thin profit margins and few domestic sources for foreign ingredients.
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Trump’s Tariff Fight With China Poses New Threat to US Farmers
Soybean producers warn that farms could go under as the Trump administration hits China with new tariffs of 145 percent.
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Cabot Creamery Butter Is Recalled Over Fecal Contamination Risk
The company said it was voluntarily recalling 189 cases of its eight-ounce, sea-salted Extra Creamy Premium Butter after it found elevated levels of coliform bacteria.
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Bond Market Sell-Off Prompts Bank of England to Make Unusual Move
Britain’s central bank altered a planned bond sale, citing “recent market volatility.”
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Trump’s Tariffs Could Impact Apparel Companies That Make Clothing in the U.S.
Even companies that make clothing in America aren’t feeling great about stiff duties on their overseas competition.
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Social Security Rolls Back Restrictions on Filing for Benefits by Phone
The agency’s plan to curtail phone services, which was expected to send tens of thousands to its offices each week, had been widely criticized.
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Trump Has Added 145% Tariff to China, White House Clarifies
White House officials clarified on Thursday that the 125 percent tariff the president announced on Wednesday was in addition to a 20 percent added to the country since President Trump returned to office.
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Medicare Bleeds Billions on Pricey Bandages, and Doctors Get a Cut
Medicare spending on “skin substitutes” made of dried placenta has soared as doctors pocket lucrative discounts from sellers.
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Travel and Tariffs: How Hotels, Airlines, Cruise Lines and Travelers are Faring
The travel industry doesn’t know what to expect from whipsawing U.S. policies. But concerns are hitting the bottom line, which could mean higher prices, and more confusion, for tourists.
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Newsmax Made Defamatory Statements About Dominion, Judge Says
The defamation case, over falsehoods spread about the 2020 election, is headed to a jury this month.
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Trump’s Tariff Reversal Calms Some G.O.P. Nerves, but Questions Linger
Most Republicans welcomed the unexpected three-month pause on several of President Trump’s tariffs, but some want more clarity about the president’s end game and more power for Congress over trade.
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What to Expect After Trump’s Tariff About-Face
Global markets are rallying on President Trump’s decision to pause most of his sweeping levies. But investors remain unsettled, especially as Washington and Beijing face off.
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How Will Trump’s China Tariffs Affect Prices? Here’s What Could Get More Expensive.
A broad variety of products made in China, including toys, clothing and electronics, may cost more. Shoppers could also see an impact from other tariffs.
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Inflation Slows Unexpectedly Sharply for March, to 2.4%, CPI Report Shows
Policymakers and economists say the latest data is only a temporary reprieve as tariffs could stoke higher inflation.
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Trump’s Encouragement of Stock Investors Draws Scrutiny
Was the president manipulating the market with his comments, as his critics say, or reassuring Americans, as the White House maintains?
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Inside Trump’s Reversal on Tariffs: From ‘Be Cool!’ to ‘Getting Yippy’
Economic turmoil, particularly a rapid rise in government bond yields, caused President Trump to reverse course on the steep levies.
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House Strikes Down $5 Overdraft Fee Limit, Sending Issue to Trump
Lawmakers also struck down a rule giving the Consumer Financial Protection Bureau supervisory power over tech companies’ payments apps.
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Canada Will Use Its Retaliatory Tariff Earnings to Aid Workers and Businesses
But exactly what the country will do remains unclear and the scale of the current disruption makes decision-making difficult.
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Launch of First Amazon Project Kuiper Internet Satellites Is Scrubbed
The spacecraft are the online giant’s entry into beaming wireless service from space, but the company has much to do before it can compete with SpaceX’s Starlink.
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The Real ID Deadline Is Coming. Here’s What You Need to Know.
After years of postponements, the deadline to show a security-enhanced Real ID at airport security checkpoints is now just weeks away. What to know.
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Top Pro Bono Leader Resigns from Paul Weiss, a Firm Hit in Trump’s Crackdown on Big Law
Steven Banks, who once ran New York’s social services department, said he wanted to return to helping the homeless. He leaves within weeks of the elite firm striking a deal with President Trump.
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Trump Reverses Course on Global Tariffs, Announcing 90-Day Pause
The president further raised already steep tariffs on China, saying that Beijing should not have retaliated against his earlier trade actions.
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A Frenzy at Trader Joe’s: ‘Everyone’s Here for the Tote Bags’
For a second year, a limited run of mini canvas tote bags had people waiting in line outside Trader Joe’s stores. At some stores, they sold out in less than an hour.
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Walmart Says Trump’s Tariffs Have Added Uncertainty to Its Outlook
Executives at the largest retailer in the United States acknowledged the new environment, but told investors that they were confident in the company’s strategy.
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Trump Defends Tariff Strategy Amid Global Trade War and Market Chaos
Amid the doom and gloom in financial markets, President Trump continues to insist he’s got a plan.
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Companies See China as a Safe Harbor Amid Trump’s Tariffs
The heavy U.S. tariffs on other Asian countries have made China a more appealing option for companies scared to make a hasty decision amid upheaval in global trade.
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Bob McManus, Blunt Editorial Voice of New York Post, Dies at 81
As the editor of the tabloid’s editorial page and as a columnist, he skewered those he considered phonies and symbols of failed progressivism.
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Bond Sell Off Raises Questions About U.S. Safe Haven Status
As the fallout from President Trump’s global trade war spreads, investors are fleeing what is typically seen as the safest corner.
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Delta Warns Trump’s Trade War Will Weigh on the Economy
Delta is one of the largest U.S. companies to warn about the impact of trade tensions on its business.
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Lesotho Has Few Options to Counter 50% U.S. Tariffs
In Lesotho, which makes denim that goes into U.S.-branded jeans, both the private sector and the government were weighing their next moves.
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Oil Prices Tumble as China-U.S. Tariffs Weaken Economic Confidence
Crude prices climbed back above $60 a barrel as investors breathed a sigh of relief.
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China Raises Retaliatory Tariffs on U.S. Goods to 84% After Trump’s Latest Levies
Beijing announced a new round of 50 percent tariffs in response to President Trump’s latest levies as the trade conflict between the superpowers escalates.
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What Is Trump’s Tariff Endgame? Recession Fears Grow.
Another sharp sell-off in stocks and bonds greeted President Trump’s latest round of protectionist measures as fears of a U.S. recession grow.
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Harry’s Razor Brand Seeks to Grow a Consumer Goods Empire
The founders of the upstart personal grooming company said they planned to strike more deals. A public listing may be in the future as well.
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India’s Millions of New Investors Are Reeling From Tariff Turmoil
Legions of ordinary Indians have gone into stock trading, lured by easy online access and a market boom. Now many of them are getting a rude shock.
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China Condemns American ‘Protectionism’
Beijing issued a lengthy denunciation of U.S. trade policies and accused Washington of violating a trade deal the countries reached in President Trump’s first term.
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U.S. Bond Sell-Off Is Another Worrisome Echo of the Liz Truss Fiasco
Yields on U.S. Treasuries rose Wednesday as investors sold government bonds, usually a haven. In Britain, a sustained version of that trend in 2022 led to a prime minister’s downfall.
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E.U. Officials Approve Retaliatory Tariffs Against the U.S.
The tariffs were slated to take effect starting on April 15, and to hit back at President Trump’s steel and aluminum levies.
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Five Takeaways From Trump’s Plan to Rescue Coal
To help the struggling coal industry, President Trump used his executive authority to try to keep aging plants alive and burn more coal for electricity.
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How Trump Is Putting Law Firms in a No-Win Situation
As Willkie Farr & Gallagher learned, cutting a deal with the White House can avert a financially punitive executive order. But doing so can draw internal rebukes and external criticism.
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The Strange Case of an Hermès Heir, an Emir and a Deal Gone Wrong
Nicolas Puech agreed to sell his multibillion-dollar stake in his family’s luxury goods empire to the royal family of Qatar, but then said he couldn’t gain access to his shares.
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Angel Studios Turns to Viewers of Faith to Greenlight Movies
The company behind “Sound of Freedom” follows an unusual strategy that relies on an army of subscribers to its streaming platform.
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Hobby Lobby Is Opening Its First Manhattan Store. Not Everyone Is Happy.
The crafts retailer, whose owners are vocal about their evangelical belief, is coming to TriBeCa in Manhattan. Not everyone is pleased.
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Stuck for Hours on a Parked Plane? Here Are Your Rights.
Long tarmac delays are on the rise at U.S. airports. What airlines owe inconvenienced passengers depends on the length of the holdup and what country they’re in.
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As Trump Threatens Pharmaceutical Tariffs, India’s Drug Makers Shudder
The United States is India’s biggest market for pharmaceutical exports, which are its most successful industrial exports.
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Trump’s Tariffs Will Pummel Asia. But One Country Sees Opportunity.
Factory-led economies are panicking about the steep new tariffs. Not the Philippines, which believes its role as a manufacturing alternative to China can expand.
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Trump’s Tariff Goal Is to Eliminate Trade Deficits. Economists Have Doubts.
Behind Trump’s new tariffs is a goal that is as ambitious as it is unrealistic: eliminating the bilateral trade deficit with every U.S. trading partner.
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Jared Isaacman, Trump’s Pick to Lead NASA, Questioned Over Moon Plans and Elon Musk
Jared Isaacman, a billionaire entrepreneur who has twice launched to orbit in a SpaceX vehicle, faced pointed questions from senators of both parties before the Senate on Wednesday.
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Luxury Fashion Brands Are ‘Biting Their Nails’ Over EU Tariffs
As tariffs on the European Union take effect, luxury goods makers are “biting their nails” over their treasured “Made in France” or “Made in Italy” products.
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