Peter Eavis

2 days ago | nytimes.com | Peter Eavis |Danielle Kaye

The temporary lowering of tariffs may compel some U.S. businesses to order goods that they had held off buying after President Trump raised them to 145 percent. For weeks, Jay Foreman, a toy company executive, froze all shipments from China, leaving Care Bears and Tonka trucks piled up at Chinese factories, to avoid paying President Trump's crippling 145 percent tariff.

2 weeks ago | nytimes.com | Peter Eavis |Julie Creswell

Starting Friday, goods from China worth up to $800 will be subject to tariffs and more paperwork under new Trump administration rules. A loophole that has allowed American shoppers to buy lots of cheap goods from mainland China and Hong Kong without paying tariffs and filling customs forms is closing on Friday. Prices have already gone up. Orders for many imported goods from retailers like Shein and Temu could dwindle as consumers balk at the higher prices and new inconveniences.

2 weeks ago | nytimes.com | Rebecca Elliott |Peter Eavis

The main oil and gas trade group wants the Trump administration to reconsider maritime rules released in April that would require it to use some U.S. ships to transport liquefied natural gas. Another rift has opened between the U.S. oil and gas industry and President Trump, this time over new rules designed to encourage domestic shipbuilding and undermine China's maritime power.

2 weeks ago | nytimes.com | Peter Eavis

UPS said on Tuesday that it would cut 20,000 jobs this year as part of a long-term plan to reduce costs and bolster profit. The cuts come as President Trump's tariffs are prompting some UPS customers to ship fewer goods. The company said "macroeconomic uncertainty" prevented it from updating its forecasts for revenue and profits for 2025. UPS already cut 12,000 jobs last year. It now has some 490,000 employees, many of whom are members of the Teamsters union.

3 weeks ago | nytimes.com | Peter Eavis |Ana Swanson

The new fees are aimed at countering China's dominance of the shipbuilding industry, but critics say they will simply raise prices for American consumers. President Trump on Thursday moved forward with new rules aimed at undermining China's strength in commercial shipping, but the measures were softened after ocean carriers and importers said the regulations could push up the cost of shipping.