Trump’s Tariffs Are Raising Costs for One of His Favorite Industries: Oil
The cost of steel pipe used to line oil and gas wells rose after President Trump said he would impose tariffs on steel and aluminum imports.
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Oil prices end lower on plans for OPEC+ output hike and Trump’s tariffs
Oil futures declined Monday after OPEC+ said it will boost output starting in April, and as President Donald Trump’s planned tariffs on imports from Canada and Mexico threatened to slow demand for ...MarketWatch - 1h -
This is why Trump’s tariff plan has upended the car industry, and it’s not over yet
“No one is breathing easy”: Trump may have paused his plan to slap 25% tariffs on products coming from Canada and Mexico, but the U.S. auto sector is still reeling.MarketWatch - 6d -
Trump’s tariffs, whether implemented or not, have already hurt the U.S. auto industry
Many in the industry feel that the levies could still be called off. Virtually everyone is hoping that, if enacted, the tariffs will be short-lived. Regardless, uncertainty has already taken its toll.MarketWatch - 26m -
Here's why Trump tariffs may raise your car insurance premiums
The Trump administration’s tariff policies may raise auto insurance premiums for motorists, according to a new Insurify analysis.NBC News - Feb. 24 -
Here's why Trump tariffs may raise your car insurance premiums
If they take effect, tariffs are expected to raise costs for auto insurers to repair or replace cars, meaning motorists pay higher premiums.CNBC - 6d -
Has Trump kept his day one promises?
It's been a busy first month, with a blizzard of activity, so we compare his pledges with what he has delivered.BBC News - Feb. 23 -
Mavs raise ticket costs, cite 'investments' in team
Citing "ongoing investments in the team and fan engagement," the Dallas Mavericks are upping season-ticket prices by at least 8.5% for next season.ESPN - 1h -
Trump’s tariff talk is raising inflation and could weaken the economy, ISM finds: ‘Customers are pausing on new orders’
The specter of rising U.S. inflation reared its head in February as the cost of supplies for U.S. manufacturers jumped to more than a 2 1/2-year high in response to new or threatened tariffs by ...MarketWatch - 6h -
Trump tariffs will raise gasoline and electricity prices in the U.S., Canada energy minister says
Canadian Energy Minister Jonathan Wilkinson said tariffs are a "lose, lose proposition" for the U.S. and Canada.CNBC - 1h -
The 3 Best Essential Oil Diffusers (and One to Avoid)
Keep things smelling fresh with these handy home gadgets.Wired - Feb. 20 -
Air Traffic Control Trainees to Get Raise, in Nod to Cost of Living
Transportation Secretary Sean Duffy said the increase to almost $23 an hour is intended to boost recruitment and retention.The New York Times - 3d -
Texas raises ticket prices as player costs go up
Texas will be raising football season ticket prices by $13 per game next season as the program, already one of the richest in the nation, tries to meet rising costs.ESPN - 3d -
Trump to Revoke an Oil License in Venezuela
President Trump appears to be revoking a license that the Biden administration gave Chevron in 2022, potentially hurting the company and Venezuela.The New York Times - 4d -
Airbus Says U.S. Tariffs Would Be ‘Lose-Lose’ for Airline Industry
The European airline maker, which is Boeing’s chief rival, said it would adapt to any new tariffs, including passing on costs to its customers.The New York Times - Feb. 20 -
Economic worries may soon hit the airline industry, one analyst cautions
Airlines typically face uncertainties around fuel prices and economic strength, but investors are focusing on the latter.MarketWatch - 9h -
Chipotle CEO says company will absorb any cost increases from tariffs
President Donald Trump’s plan to impose tariffs on America’s largest trading partners is sending ripples through the U.S. economy, as businesses and consumers alike prepare to pay Yet for Chipotle ...NBC News - 22h -
Trump cancels Chevron’s oil licence in Venezuela
Decision to reverse Biden-era ‘concession agreement’ delivers blow to US oil group and Maduro’s sanctioned regimeFinancial Times - 4d -
US to raise tariffs on China and push ahead with Canada and Mexico levies
Donald Trump says duties on biggest trading partners to take effect on March 4Financial Times - 3d -
Swiss Re expects L.A. wildfires to cost the global insurance industry $40 billion, making them the costliest U.S. fires ever
Swiss Re said that its losses from the Los Angeles wildfires would come in under $700 million and that it had no plans to “pull back” from California.MarketWatch - 4d -
Oil prices settle at lowest level of the year as tariff threat hurts demand outlook
Oil futures settled Tuesday at their lowest level of the year, with the economy and energy demand expected to take a hit from proposed U.S. tariffs on Canada and Mexico that may come into effect ...MarketWatch - 6d -
Oil prices hold at 2025 lows on tariff fears, prospects for end to war in Ukraine
Oil futures settled lower Wednesday, with concerns over the global economic outlook and potential for an end to Russia’s war against Ukraine that could lift sanctions on Moscow prompting prices to ...MarketWatch - 5d -
Vance is overwhelming favorite to be Trump's successor in CPAC straw poll
Vice President Vance emerged as the clear favorite to be President Trump's successor in the MAGA movement in a new straw poll conducted at the Conservative Political Action Conference (CPAC) on ...The Hill - Feb. 22 -
One Month into the Trump Presidency
The president has moved swiftly to remake Washington. But for business leaders, that volatility has often been hard to navigate.The New York Times - Feb. 21 -
Manufacturers boost durable-goods orders ahead of tariffs, but industry slump hasn’t ended
A key measure of business orders rose in January for the third month in a row, but it’s likely the sudden improvement reflects businesses rushing to buy parts and supplies ahead of potential U.S. ...MarketWatch - 4d -
A Trump DOGE Dividend Could Raise Inflation
President Trump floated giving taxpayers a piece of any savings that Elon Musk’s cost-cutting generates, which could reignite inflation.The New York Times - Feb. 20 -
US LNG industry faces obstacles despite Trump’s backing
The president sparked enthusiasm for American liquefied natural gas exports by lifting a pause on government permit approvalsFinancial Times - 4d -
US auto industry could be collateral damage in Trump's trade wars
President Donald Trump’s trade wars threaten to claim a casualty on the home front: the American auto industryABC News - 2d -
Trump’s directives deal fatal blow to America’s offshore wind industry
Economic case looked bleak even before the president’s re-election sent a chill through sectorFinancial Times - 1d -
Trump proposal to create 'crypto strategic reserve' vexes some industry supporters
President Donald Trump said Sunday that he is directing his newly created digital assets working group to move forward on creating a “crypto strategic reserve” along the lines of existing U.S. ...NBC News - 2h -
Trump tariff threats rattle consumers
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Consumer confidence dips in Trump’s first month A new survey found that ...The Hill - Feb. 21 -
A country star played one of his best shows. Then he collapsed
Colt Ford had even undergone a preventative check-up that found no signs of concern before he had a "silent" heart attack on tour.CBS News - 2d -
No one crowned Donald Trump king
Trump and the MAGA movement have basically abandoned a commitment to constitutional democracy.The Hill - Feb. 24 -
Chinese investment surge into Vietnam raises risk of Trump retaliation
Shifts to avoid trade war have increased Hanoi’s vulnerability as surplus with US has grownFinancial Times - 6d -
Starmer prepares to meet Trump after raising defence spending
The PM will head to Washington a day after announcing military budgets would rise to 2.5% of national income by 2027.BBC News - 5d -
Trump's spending play raises 'risk of a shutdown,' top Democrats say
Politico - 3d -
Trump team raises return of Open golf to Turnberry with Starmer
Ayrshire resort owned by US president was last used for Britain’s premier tournament in 2009Financial Times - 3d -
Trump: Zelensky 'overplayed his hand'
President Trump said Friday that Ukrainian President Volodymyr Zelensky “overplayed his hand” in an explosive Oval Office meeting earlier in the day, and he signaled future U.S. support would be in ...The Hill - 2d -
Trump cuts financial lifeline for Venezuela's government by ending permit to export oil to US
A permit issued by the United States government allowing energy giant Chevron Corp. to pump and export Venezuelan oil will be terminated this weekABC News - 5d -
Oil prices settle higher after Trump moves to end Venezuela crude deal
Oil futures settled higher Thursday, finding support a day after President Trump said he was revoking a license issued by the Biden administration that had allowed Chevron to produce oil in Venezuela.MarketWatch - 4d
More from The New York Times
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Nissan and Stellantis Could Be Hit Hardest by Trump’s Tariffs
A possible 25 percent levy on goods from Canada and Mexico is likely to raise the prices consumers pay for new cars and trucks, and disrupt complex supply chains.The New York Times - 5h -
How Trump’s Tariffs on China Are Affecting Toy Companies
A trade show for toys, most of which are made in China, showcased an industry, underneath the fun, rattled by President Trump’s higher tariffs.The New York Times - 2h -
After He Ran a Cartoon on the War in Gaza, Gannett Fired Him
Tony Doris, the editorial page editor at The Palm Beach Post, was fired after he selected a cartoon that drew criticism from a nearby Jewish organization.The New York Times - 7h -
Trump Turns Up Trade Pressure on China After Beijing Fails to Come Running
China is still cautiously trying to figure out what Trump wants. The president has threatened big tariffs in response to the inaction.The New York Times - 4h -
What You Should Know About Your Spouse’s Money
Many couples are surprisingly unaware about key aspects of each other’s finances — and that can hurt them. Here’s how to get on the same page.The New York Times - 1d
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Trump renews attacks on Zelenskyy over US backing against Russia
Confrontation between Washington and Kyiv intensifies after European summit at the weekendFinancial Times - 7m -
Nvidia shares fall 9% on tariff fears
The company's stock price is down 13% since it reported earnings last Wednesday.CNBC - 12m -
US manufacturers report fall in orders as growth expectations tumble
Data fuels fears that the economy is losing momentum as tariffs loomFinancial Times - 13m -
Trump’s tariffs, whether implemented or not, have already hurt the U.S. auto industry
Many in the industry feel that the levies could still be called off. Virtually everyone is hoping that, if enacted, the tariffs will be short-lived. Regardless, uncertainty has already taken its toll.MarketWatch - 26m -
Trump Will Impose 25 Percent Tariffs on Canada and Mexico on Tuesday
President Trump said he would impose levies on America’s largest trading partners Tuesday, along with another 10 percent on China.The New York Times - 27m