India’s government expressed concern Saturday that the Trump administration move would dramatically raise the fee for visas that bring tech workers to the United States. More than 70% of H-1B visa holders are from India.
Congress passed legislation calling for a TikTok ban to go into effect in January, but President Trump has repeatedly signed orders that have allowed it to keep operating in the United States.
FedEx is typically seen as a predictor of where the larger economy is headed because of its connections to businesses across the consumer and industrial sectors.
The call might offer clues about whether the two leaders could meet in person to hash out a final agreement to end their trade war and provide clarity on where relations between the world’s two superpowers may be headed.
Global demand for the powdered tea has skyrocketed. In the U.S., retail sales of matcha are up 86% from three years ago, according to NIQ, a market research firm.
Treasury Secretary Scott Bessent said President Donald Trump and Chinese Premier Xi Jinping would speak on Friday to possibly finalize the deal.
The Supreme Court granted an unusually quick hearing on President Donald Trump’s sweeping tariffs on Tuesday, putting a policy at the center of his economic agenda squarely before the nation’s highest court.
The ruling involves two sets of import taxes, both of which Trump justified by declaring a national emergency.
The threat comes as Trump also pressures drugmakers to lower prices of pharmaceuticals in the United States.
The national postal services of more than 30 countries have temporarily suspended sending some or most U.S.-bound packages.
Eli Lilly and Co. announced this month it would raise the weight-loss treatment’s price by as much as 170%, presenting pharmacies with a dilemma about how much they would pass on to patients.
With the announcement, Mexico joins several European and other countries, including Australia and Japan, in suspending the shipments to the U.S. amid confusion over new import duties.
The Indian government estimates the tariffs will impact $48.2 billion worth of exports.
U.S. production of crucial components in electric vehicles, smartphones and fighter jets is set to expand rapidly in the coming years, as the Trump administration intensifies efforts to build up the critical mineral industry in the United States.
Proponents of limiting the exemption argue that it has served as a way for China-founded retail platforms like Temu and Shein to flood the U.S. with low-priced goods.
The rules, which include steep capital surcharges for banks that hold cryptocurrencies, were agreed upon in 2022 against a backdrop of crypto market upheaval and a string of scandals.
The strike at Canada’s largest airline entered its third day on Monday and is affecting about 130,000 travelers per day during the peak summer travel season
Indianapolis-based Eli Lilly and Co. has operated in Ireland since the late 1970s and has more than 3,500 employees there.
Seven out of every 10 stocks within the S&P 500 fell, though the index edged up by less than 0.1% to set another all-time high.
Trump sent letters to 17 of the world’s largest drugmakers earlier this month, including Lilly and Novo Nordisk A/S, insisting they lower what they charge Medicaid in the U.S. for existing drugs.
