Insulin, heart treatments and antibiotics have flowed freely across many borders for decades, exempt from tariffs in a bid to make medicine affordable. But that could soon change. For months, President Trump has been promising to impose higher tariffs on pharmaceuticals as part of his plan to reorder the global trading system and bring key…
Every Monday, Maurine Gentis, a retired teacher, waits for a delivery from Meals on Wheels South Texas. “The meals help stretch my budget,” Ms. Gentis, 77, said. Living alone and in a wheelchair, she appreciates having someone look in on her regularly. The same group, a nonprofit, delivers books from the library and dry food…
By Reuters Published April 22, 2025 U.S. President Donald Trump met with major retailers, including Walmart, Home Depot, Lowe’s, and Target on Monday to discuss broad-based tariffs likely to raise the cost of everyday goods that they import. Reuters Big U.S. chains, like Walmart and Target, rely heavily on imported goods, and tariffs — including 145% levies on China…
By Bloomberg Published April 15, 2025 The mini bling boom since the turn of the year is well and truly over. On Monday, LVMH reported first-quarter sales that missed expectations. No division generated growth. Each one underwhelmed. The crucial fashion and leather goods unit reported a 5% decline in sales, excluding currency movements, far below the 0.6% slide…
On Friday, amid a tariff-induced frenzy that drove hordes of consumers to panic-buy iPhones, President Trump announced a tariff exemption on electronics like smartphones and computers. For a moment, widespread anxiety about a potential $2,000 iPhone dissipated. But two days later, the Trump administration said smartphones and computers were likely to be hit with new…
The Trump administration took steps on Monday that appear likely to result in new tariffs on semiconductors and pharmaceutical products, adding to the levies President Trump has put on imports globally. Federal notices put online Monday afternoon said the administration had initiated national security investigations into imports of chips and pharmaceuticals. Mr. Trump has suggested…
President Trump last week issued executive orders designed to revive the use of coal in power plants, a practice that has been steadily declining for more than a decade. But the effort is likely to fail, energy experts said, because the fossil fuel faces some critical hurdles. The power that coal plants produce typically can’t…
After more than a week of ratcheting up tariffs on products imported from China, the Trump administration issued a rule late Friday that spared smartphones, computers, semiconductors and other electronics from some of the fees, in a significant break for tech companies like Apple and Dell and the prices of iPhones and other consumer electronics….
The Trump administration announced Friday it would delay the implementation of a Biden-era rule meant to restrict coverage of unproven and costly bandages known as skin substitutes. The policy will be delayed until 2026, allowing companies to continue setting high prices for new products, taking advantage of a loophole in Medicare rules. The companies sell…
The biggest technology companies and their chief executives donated millions to President Trump’s inauguration, hosted black-tie parties and dinners in his honor, and allowed him to announce and take credit for new multibillion-dollar manufacturing projects. But less than three months into the president’s second term, Mr. Trump has hardly returned their lavish gestures with favors….