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.
Read more at The New York Times
-
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.The New York Times - 3d -
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 - 8h -
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 - 7h -
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 - Feb. 24 -
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 - 3h -
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 - 12h -
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 - 8h -
The 3 Best Essential Oil Diffusers (and One to Avoid)
Keep things smelling fresh with these handy home gadgets.Wired - Feb. 20 -
Oil Prices Fall After OPEC Plus Affirms Plan to Raise Production
The Saudi-led cartel said its members would start gradually pumping more oil in April.The New York Times - 6h -
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 - 4d -
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 - 5d -
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 - 15h -
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 - 1d -
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 -
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 - 5d -
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 -
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 -
Trump Said Tariffs Are Coming
Also, Cuomo entered the New York mayoral race as a front-runner. Here’s the latest at the end of Monday.The New York Times - 6h -
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 -
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 -
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 -
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 -
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 - 6h -
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 - 6h -
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 -
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 -
No one crowned Donald Trump king
Trump and the MAGA movement have basically abandoned a commitment to constitutional democracy.The Hill - Feb. 24 -
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 - 3d -
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 - Feb. 25 -
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 - 6d
More from The New York Times
-
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 - 12h -
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 - 8h -
TSMC, the Chip Giant, Is to Spend $100 Billion in U.S. Over the Next 4 Years
The investment plan, announced at the White House, was made as the Trump administration pushes to bring chip making back to the United States.The New York Times - 3h -
TSMC, the Chip Giant, Is to Spend $100 Billion in U.S. Over the Next 4 Years
The investment plan, announced at the White House, was made as the Trump administration pushes to bring chip making back to the United States.The New York Times - 3h -
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
More in Business
-
Trump Faces Blowback Over Plans for Crypto Reserve
Digital assets like Bitcoin rallied on the president’s backing for a strategic holding, but even some conservatives and industry backers disapproved.The New York Times - 13m -
Firefly’s Blue Ghost Mission 1 Successfully Lands on the Moon
Firefly Aerospace’s robotic vehicle became the second privately built spacecraft to make a soft landing on the moon. It could soon be joined by two more private lunar landers.The New York Times - 32m -
South Korean defense stocks track gains in global peers amid rising security concerns
Gains among South Korean names were led by Hanwha Aerospace, Korea Aerospace Industries, Hyundai Rotem and LIG Nex1CNBC - 47m -
Malaysia will take 'necessary action' if its companies are involved in Nvidia fraud case: Trade minister
Malaysian says its authorities are discussing the issue with the data center companies and checking if the chips have gone to the right parties.CNBC - 1h -
Guggenheim Lays Off 20 Employees as Financial Challenges Persist
The museum has suffered from rising costs and lower attendance. The cuts followed those at the Brooklyn Museum, which trimmed 10 percent of its staff this month.The New York Times - 1h