President-elect is readying the most extensive tariffs in nearly a century, but some of those historic levies will likely be used as bargaining chips in new trade negotiations.
U.S. companies that rely on foreign suppliers are preparing to raise prices in response to the massive import tariffs that former president Donald Trump promises if he wins.
National security adviser Jake Sullivan defended the president’s economic strategy against criticism that it represents a break with decades of trade and investment liberalization.
Policymakers in the U.S. and other major economies have quelled the worst inflation in four decades without tumbling into recession, the International Monetary Fund said Tuesday.
The dock workers union and maritime companies extended their previous contract through Jan. 15 to allow talks to continue on the remaining issues, especially automation.
The strike is disrupting ports that handle more than half of U.S. trade in shipping containers, with the economic bite growing worse if the standoff drags on.
A longshoremen’s strike will rekindle worries about shortages in stores and inflation weeks from a presidential election in which the economy has been a key issue.