President Trump’s trade policies enjoy the strong backing of his supporters but are less popular among independents, moderate Republicans and others whose votes could decide control of Congress in the midterm election this fall. That could complicate Republicans’ plans to make their economic record a central argument in their case for re-election.Over all, Americans are…
President Trump decided to weigh in on currencies and interest rate policy Monday morning. Sort of. Here is his tweet: His message isn’t consistent with where things stand in global currency markets. And it’s vague. It’s not at all clear what signal he’s sending about a preferred policy. Let’s unpack it. Russia and the Ruble…
President Trump went to West Virginia this month to talk about tax cuts, but he got a bit distracted. He talked about China, the North American Free Trade Agreement, border security, “sanctuary cities” and states he won in 2016. Eventually he turned to his prepared comments on taxes. “This was going to be my remarks,”…
One of the most telling moments in the spectacle of Mark Zuckerberg’s congressional testimony last week was when Representative Billy Long, a Missouri Republican, warned the co-founder of Facebook of what Congress was likely to do about its multiple concerns surrounding the social network. “Congress is good at two things: doing nothing, and overreacting,” he…
But something else is going on: China is depending more on itself. China was once famous for assembling goods made from parts that had been bought elsewhere. A smartphone that is made in China, for example, might have a screen from Japan, memory chips from South Korea and a main processor from the United States.…
Photo The Foxwoods Resort Casino in Connecticut, where a labor group is trying to organize workers. The casino is operated by the Mashantucket Pequot tribe on tribal land. Credit Christopher Capozziello for The New York Times Organized labor managed an increasingly rare feat on Monday — a political victory — when its allies turned back…
Photo Richard Clarida, a former Treasury official and a monetary expert, is President Trump’s nominee for the No. 2 post at the Federal Reserve. Credit Reuters WASHINGTON — President Trump continued a sweeping remake of the Federal Reserve’s leadership on Monday by nominating Richard Clarida, a Treasury official in the administration of President George W.…