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1 week ago | 
miamiherald.com | Jeanna Smialek |NYT Business
BRUSSELS -- The Trump administration’s threat to impose 50% tariffs on the European Union and steep tariffs of varying sizes on other critical American trading partners hung in limbo Thursday after a panel of U.S. federal judges blocked a set of across-the-board charges. But both trade experts and America’s trading partners around the world greeted the news with caution, not celebration.
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1 week ago | 
miamiherald.com | Colby Smith |NYT Business
Before the Federal Reserve’s meeting this month, investors were still holding out hope that the central bank would soon restart the interest rate cuts that it put on pause in January. But minutes from that gathering underscore how wedded officials were to their wait-and-see approach amid extreme uncertainty about the economic outlook.
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1 week ago | 
miamiherald.com | River Akira Davis |Hisako Ueno |NYT Business
Japan has joined a growing list of nations, including Spain and Canada, that are assembling aid plans to help blunt the domestic impact of President Donald Trump’s tariffs. On Tuesday, Japan approved a $6.3 billion spending package to “fully support” businesses and households adversely affected by the tariffs, Cabinet Secretary Yoshimasa Hayashi said in a briefing. The funds will bolster the finances of small and medium-sized businesses and subsidize household energy costs, he said.
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1 week ago | 
miamiherald.com | Ivan Penn |NYT Business
BURBANK, Calif. — More than a century before Tesla rolled out its first cars, the Baker Electric Coupe and the Riker Electric Roadster rumbled down American streets. Battery-powered cars were so popular that, for a time, about a third of New York’s taxis were electric. But those early electric vehicles began to lose ground to a new class of cars, like the Ford Model T, that were cheaper and could more easily be refueled by new oil-based fuels that were becoming available around the country.
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2 weeks ago | 
miamiherald.com | Tripp Mickle |NYT Business
SAN FRANCISCO -- President Donald Trump went on the offensive against Apple on Friday, demanding that the company begin making iPhones in the United States or pay tariffs of at least 25% on iPhones made abroad. The ultimatum is the latest in a decade-long push to get the technology giant to move its supply chain.
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2 weeks ago | 
miamiherald.com | Ana Swanson |Adam Satariano |NYT Business
President Donald Trump threatened to revive his global trade wars Friday morning, saying he would apply a steep tariff to European exports starting in just over a week and warning Apple that iPhones manufactured outside of the United States would face a 25% tariff. The president wrote on Truth Social on Friday morning that discussions with the European Union “are going nowhere” and that he is recommending a 50% tariff on European imports as of June 1.
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2 weeks ago | 
heraldsun.com | Ana Swanson |Jeanna Smialek |Adam Satariano |NYT Business
EDITORS NOTE: EDS: SUBS for complete writethru to revise and update; RECODES as Page 1 story.; (ART ADV: With photo.); (With: MARKETS, IPHONE-PRODUCTION, TARIFFS-EXPLAINER); Tony Romm, Maggie Haberman, Tripp Mickle, Alan Rappeport, Patricia Cohen, Eshe Nelson and Colby Smith contributed reporting. President Donald Trump threatened to revive his global trade wars Friday, adding a fresh dose of chaos to trade relationships that had calmed somewhat in recent weeks.
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2 weeks ago | 
miamiherald.com | Mike Isaac |Cade Metz |NYT Business
SAN FRANCISCO -- The rise of artificial intelligence has profoundly altered the technology world in recent years, upending how software is created, how people search for information, and how images and videos can be generated -- all with a few prompts to a chatbot. What the technology has yet to do, though, is find a preferred form in a physical, everyday gadget. AI largely remains the domain of an app on phones, despite efforts by startups and others to move it into devices.
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2 weeks ago | 
miamiherald.com | Danielle Kaye |NYT Business
Target’s woes continue. The underperforming retailer has struggled with tariff-fueled anxiety among shoppers and protests in response to its retreat from diversity policies. On Wednesday, it again fell short of expectations for quarterly sales and slashed its full-year financial forecast. Target now expects a “low-single digit decline” in sales this year, down from a projection a few months ago of a small gain.
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2 weeks ago | 
heraldsun.com | Colby Smith |Joe Rennison |NYT Business
EDITORS NOTE: EDS: UPDATES graf "Since dropping ..."; EXPANDS graf "Now the concern ..."; REVISES next graf; TWEAKS graf "Apparent progress ..."; ADDS 2 grafs starting "There were glimpses ..."; UPDATES list of related stories.); (ART ADV: With photo.); (With: CONGRESS-FISCAL, CLIMATE-LAW-INCENTIVES, GLOBAL-TAX-FIGHT) ; Ben Casselman and Tony Romm contributed reporting.
