The New York Times - Economy

1. Lawsuit Challenges Trump’s Legal Rationale for Tariffs on China

   A nonprofit group said the president misapplied a law in imposing those levies and portrayed its filing as the first lawsuit to challenge the Trump administration over its tariffs.

2. Why Did Trump Impose Tariffs, and What’s Next? Everything to Know.

   The president announced sweeping tariffs on Wednesday in an effort to reset global trading relationships. Here’s what you need to know.

3. After Trump Tariffs, Volkswagen to Add ‘Import Fees’ to Cars Sold in U.S.

   The company’s move is one of the first and clearest examples of automakers using price increases to deal with the 25 percent tariffs President Trump imposed on car and auto parts imports.

4. Canada’s Carney Puts Tariffs on U.S.-Made Cars as Stellantis Plant Pauses Production

   Mark Carney, a former central banker, also called on “like-minded countries” to form a new trading order without the United States.

5. The Job Market Has Been Resilient. The Trade War Could Be Its Undoing.

   The U.S. economy has largely withstood inflation and high interest rates. But tariffs could bring new price increases and put a damper on hiring.

6. Trump’s Tariffs Follow Anger Over Trade Imbalances and Lost Manufacturing Jobs

   Economists and legal experts question how the strongest economy in the world can be facing a national emergency over the trade deficit.

7. Trump Imposes Tariffs on Remote Islands

   Some of the more sparsely populated territories in the world that do little trade with the United States have been caught up in the trade war.

8. Trump’s Tariffs Hit Garment Makers in Bangladesh and Sri Lanka Hard

   The industry supplies low-cost clothing to the United States, and is a crucial part of the Asian countries’ economies.

9. Ford Offers Discounts on Cars and Trucks as Auto Tariffs Kick In

   The company said it would offer customers the same prices it offers its employees on most of its vehicles.

10. Apple Leads Tech Stock Sell-Off After Trump Tariffs, Falling 9 Percent

    The company counts on the sale of devices for three-quarters of its nearly $400 billion in annual revenue, and it makes almost all of its iPhones, iPads and Macs overseas.