David Lynch

The move, which quadruples tariffs on electric cars, is aimed at preventing China from adding autos to list of industries it dominates.

The investment is expected to create 2,000 permanent jobs and 2,300 temporary union construction jobs.

The ambitious makeover of the Baltimore port enabled the port last year to process record numbers of cargo, but also tied the city’s fortunes to giant oceangoing vessels that some warned were prone to accidents.

At the spring meetings of the IMF and World Bank in D.C., U.S. officials pushed Europeans to use some of the Russian central bank reserves that were frozen.

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As November draws closer, President Biden is calling for tripling tariffs on Chinese steel and protections for the U.S. industry.

The IMF’s new forecast calls for global growth of 3.2 percent this year and next, virtually unchanged from its January assessment while warning of trouble ahead.

Businesses that depend on Baltimore’s port are bracing for a lengthy interruption in port operations that could exact a steep financial toll.

Tuesday’s mishap means a significant disruption for East Coast shipping, with trade in autos, coal and machinery likely to be the hardest hit.

China’s export surplus of cars and electronics helps the fight against inflation. But lower-priced Chinese goods threaten Biden’s hopes of boosting U.S. factory jobs.

Live updates from the 2024 campaign trail with the latest news on presidential candidates, polls, primaries and more.

President Biden is set to unveil federal grants in Wisconsin to remove or retrofit highways that separate minority neighborhoods in many cities from jobs, hospitals and other services.

Dozens of poor nations have yet to regain their pre-pandemic levels of overall well-being, amid signs that the pandemic may have permanently depressed the world’s development trajectory, according to a U.N. report.

The president’s statement opposing Nippon Steel’s proposed acquisition comes ahead of Japanese Prime Minister Fumio Kishida’s April visit.

The company’s response to the historically high cost of cocoa, the main ingredient in chocolate bars and Hershey’s Kisses, shows how consumers may be starting to win the fight against inflation.

Russia has survived U.S. and European efforts to cripple its economy by ramping up defense spending and finding new customers and suppliers in Asia to replace lost trading partners, thwarting sanctions efforts.

If the Fed’s interest rate increases had worked the way they usually did, Americans would have responded by cutting their spending. Instead, the economy has powered ahead.

The rest of the world needs the U.S. central bank to hit the Goldilocks zone with interest rate cuts — not too early, but not too late.

The prospect of a Japanese corporation buying US Steel – whose products shaped American landmarks like the Empire State Building – is stirring an election-year debate over just how far the United States should go in embracing economic nationalism.

Global output in 2024 is expected to rise by 3.1 percent for the second straight year, but it remains well below the 20-year average of 3.8 percent annual growth.