Powell Warns Trump Tariffs Could Trigger Higher Inflation and Slower Growth

The administration announced it would penalize its largest-ever batch of companies linked to Xinjiang, including major suppliers of critical minerals and textiles.

The move is the latest sign of trouble for the trans-Atlantic automaker, which has had sluggish North American sales and has said it needs to cut costs.

The former president’s economic agenda has made some notable reversals from the policies he pushed while in the White House.