The loophole has allowed retailers to send goods from China directly to U.S. shoppers without paying tariffs. Closing it could raise consumer prices.

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.

Ms. Jones has been editor of the gilded magazine of culture, business and politics since 2017.

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

Many sportswear brands shifted production away from China to avoid tariffs imposed years ago, but now they face punishing levies targeting alternative manufacturing hubs.

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.

The department, during the Biden administration, initially said it had concerns about the merger of two of the largest credit card companies in the U.S.

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

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.

The United States has steered an economic order for 80 years based on trade and trust, making the country the world’s financial superpower. That vision is now blurred.