Author: News Room

This is a customs form that companies must file to import goods into the United States. In recent days, these forms have become living documents that show how President Trump’s tariffs are squeezing businesses.In this example, Leslie Jordan Inc., a company that sells activewear for special events, imported a shipment of women’s T-shirts from China at the end of April. That was after Mr. Trump aggressively escalated levies on Chinese imports, but before officials from both countries agreed on a temporary reprieve — an example of how companies have struggled to plan for their purchases as tariff levels continually shift.The…

Earlier this month, President Trump closed a longstanding loophole that had allowed a flood of inexpensive Chinese goods to be mailed to the United States without any tariffs.Starting on May 2, those packages faced a tariff of 120 percent or a $100 flat fee.After the United States and China agreed this week to a temporary truce in trade tensions, that tariff is now 54 percent. The changes, which took effect on Wednesday, were described in a White House executive order and guidance from Customs and Border Protection.For the past decade, a tax loophole known as the de minimis exemption allowed…

Help Wanted. Looking for American researchers.As President Trump cuts billions of federal dollars from science institutes and universities, restricts what can be studied and pushes out immigrants, rival nations are hoping to pick up talent that has been cast aside or become disenchanted.For decades, trying to compete with American institutions and companies has been difficult. The United States was a magnet for top researchers, scientists and academics. In general, budgets were bigger, pay was bigger, labs and equipment were bigger. So were ambitions.In 2024, the United States spent nearly $1 trillion — roughly 3.5 percent of total economic output —…

Elizabeth Pochoda, a journalist who widely traversed the media landscape of New York during her 50-year career, editing and writing for publications as diverse as The Nation, Vogue and The Daily News in New York, died on May 8 at her home in Brooklyn. She was 83.Her death, from complications of amyotrophic lateral sclerosis, or A.L.S., was confirmed by her daughter, the novelist Ivy Pochoda.Ms. Pochoda (pronounced pah-CO-da), who was known as Betsy, worked at fashion magazines (Mirabella and Vogue) and shelter magazines (House & Garden). She worked at general-interest publications (she was part of the team that relaunched Vanity…

CNN is getting ready to launch a streaming service. Again.Three years after CNN’s parent company killed the hotly anticipated (and very expensive) CNN+ service shortly after it was released, the news network will introduce a new streaming product this fall that packages live and on-demand programming.Mark Thompson, the company’s chief executive, told employees about the service in a meeting on Tuesday afternoon. Some of the details about the service remain unclear, including pricing and an exact release date. But Mr. Thompson said the new service would be tied to the company’s recently introduced subscription product, which gives paying members unlimited…

Elon Musk’s Department of Government Efficiency is no longer claiming credit for killing dozens of federal contracts after The New York Times reported last week that they had already been reinstated.The Times had identified 44 revived contracts, and 43 of them were still featured on the group’s online “Wall of Receipts” as of last week. Then, late Sunday, Mr. Musk’s group deleted those claims for 31 of the contracts from its website, eliminating $122 million of the savings it claimed to have achieved by cutting federal contracts.Those savings had actually disappeared days or weeks before, when federal agencies reversed cancellations…

The stock market is now higher than before President Trump’s broad and steep tariffs sent share prices into a tailspin. The 10-year government bond yield is now largely in line with where it started the year. On Tuesday, a widely watched measure of inflation nudged lower.Judging from a snapshot of today’s financial markets, it would be easy to conclude that very little had happened over the last four and a half months.As the administration has dialed down its trade offensive, delaying the worst of the tariffs announced on April 2 and promoting a long list of trade deals in the…

A struggling technology company that has ties to China and relies on TikTok made an unusual announcement this week. It had secured funding to buy as much as $300 million of $TRUMP, the so-called memecoin marketed by President Trump.GD Culture Group, a publicly traded firm with a Chinese subsidiary, has only eight employees, its public filings show, and recorded zero revenue last year from an e-commerce business it operates on TikTok, the Chinese-owned video-sharing app.But on Monday, GD Culture Group became the latest foreign business to seize on Mr. Trump’s crypto venture, which channels profits directly to the Trump family…

When Gov. Wes Moore of Maryland signs his state’s budget into law as soon as Tuesday, it will signify the end of a difficult saga in which local leaders cut spending and raised some fees just to close a larger-than-expected $3 billion deficit.But Mr. Moore, a Democrat, is already bracing for the next fiscal fight. Maryland and its finances are highly influenced by the federal government, and the Trump administration is looking to cut vast swaths of the aid it sends to states.“We just made in Maryland the largest cuts to our budget in 16 years,” Mr. Moore said in…

The White House on Tuesday said that President Trump, while in Saudi Arabia, had secured $600 billion in deals with the Saudi government and firms. But the details the White House provided were vague and totaled less than half that number.And a closer look at the projects the administration provided shows several were already in the works before Mr. Trump took office.The announcement was made just before Mr. Trump spoke to a gathering of business leaders at the U.S.-Saudi Investment Forum in Riyadh, where he said the only country hotter than the United States was Saudi Arabia.“We are rocking,” he…