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PRESS DIGEST-New York Times business news - Feb 10

ReutersFeb 10, 2025 5:33 AM

- The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- U.S. President Donald Trump said that he will introduce new 25% tariffs on Monday on all steel and aluminum imports into the United States.

- The U.S. Consumer Financial Protection Bureau's acting chief Russell Vought, in an email to the employees, said that the agency's Washington headquarters will be closed for the coming week, in addition to issuing an order to suspend nearly all CFPB activities including its regulatory supervision of banks and other financial companies.

- U.S. Treasury Secretary Scott Bessent has been ordered to cease production of the one-cent coin known as the penny, President Donald Trump said in a posting on his Truth Social media account on Sunday.

- Two Democratic senators said that they would not rule out forcing the federal government to shut down if Trump continues to dismantle federal agencies.

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