Aurelia Butler

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    Trump’s Trade and Tax Policies Start to Stall U.S. Battery Boom

    Battery companies are slowing construction or reconsidering big investments in the United States because of tariffs on China and the proposed rollback of tax credits.Battery manufacturing began to take off in the United States in recent years after Congress and the Biden administration offered the industry generous incentives.But that boom now appears to be stalling as the Trump administration and Republican lawmakers try to restrict China’s access to the American market.From South Carolina to Washington State, companies are slowing construction or reconsidering big investments in factories for producing rechargeable batteries and the ingredients needed to make them.A big reason for that is higher trade barriers between the United States and China are fracturing relationships between suppliers and customers in the two countries. At the same time, Republicans are seeking to block battery makers with ties to China, as well as those that rely on any Chinese technology or materials, from taking advantage of federal tax credits. The industry is also dealing with a softening market for electric vehicles, which Republicans and Mr. Trump have targeted. The China-related restrictions — included in the version of Mr. Trump’s domestic policy bill passed by the House — would be very difficult for many companies to operate under. China is the world’s top battery manufacturer and makes nearly all of certain components.The Trump policy bill highlights a difficult dilemma. The United States wants to create a homegrown battery industry and greatly reduce its dependence on China — and many Republican lawmakers want to end it altogether. But China is already so dominant in this industry that it will be incredibly hard for the United States to become a meaningful player without working with Chinese companies.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Fire in Maui Grows to 500 Acres, Prompting Evacuations

    The island was the site of devastating, deadly fires in 2023.A brushfire in Maui, Hawaii, rapidly grew from a quarter-acre to 500 acres on Sunday, the authorities said.The blaze, known as the Kahikinui fire, was reported at 10 a.m. local time, 4 p.m. Eastern, in a sparsely populated area in southern Maui. It grew to 20, then 200 acres. By 7 p.m. local time it was reported to be 500 acres, according to the County of Maui Department of Fire and Public Safety.The containment level of the fire was unknown, the authorities said. There were no reports of injuries or structural damage, but about 100 homes were evacuated. Mayor Richard Bissen of Maui County signed an emergency proclamation on Sunday evening, allowing the county to take advantage of federal assistance programs. Lt. Gov. Sylvia Luke, signed a proclamation authorizing the activation of the Hawaii National Guard.There were no initial reports of injuries or structural damage from the fire.Maui Emergency Management AgencyMaui was devastated by fire in August 2023, which killed about 100 people, making it the deadliest American wildfire in a century. The cause of that fire was a power line that snapped and ignited dry grass beneath it. That fire destroyed most of Lahaina, in the island’s northwest. More

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    Walls Are Put Up Walls Around Israeli Displays at French Weapons Show

    Israel called the move “outrageous.” A French official said Israeli companies were defying an agreement not to display so-called offensive weapons.Last year, Israeli weapons producers were initially barred from attending a prestigious arms industry show in Paris over objections to the war in Gaza. This year, the Israelis were allowed in — but then walled off from other global competitors.Israel’s Ministry of Defense said on Monday that the French government built a black wall overnight around some weapons systems displayed by Israeli companies, blocking them from view at the Paris Air Show, one of the world’s largest arms exhibitions.It marked the second time in as many years that French authorities have sought to stop Israel from marketing its tools of military might amid its massive bombing campaigns in Gaza. And it comes at a fraught moment between the two countries as President Emmanuel Macron of France considers whether to recognize a Palestinian state, a move that Israel strenuously opposes.The decision did not appear to be linked to Israel’s new military offensive in Iran, which aims in part to destroy Tehran’s nuclear program. France also has long worried about Iran’s nuclear ambitions.The wall was built “in the middle of the night, after Israeli defense officials and companies had already finished setting up their displays,” the ministry said in a statement on Monday.The wall was put up after Israeli officials objected to what they described as an earlier order by the French government to remove offensive weapons — a category that typically includes missile and rocket launchers, tanks, drones, cannons and a range of ammunition — from Israeli displays. The air show is expected to draw as many as 300,000 visitors, and feature defense displays from more than 2,400 companies in 48 countries.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Business Lobbyists Scramble to Kill $100 Billion ‘Revenge Tax’

    Critics contend that the measure will scare off the foreign investment that President Trump wants to attract.Business lobbyists are working to kill a measure in the Republican tax policy legislation that would punish companies based in countries that try to collect new taxes from American firms.The push comes as Senate Republicans are preparing to unveil their domestic policy bill on Monday, which will ultimately need to be passed and merged with the legislation that the House passed last month. That bill imposes a so-called revenge tax on foreign companies that try to enforce the terms of a 2021 global minimum tax agreement or impose digital services taxes on American technology companies.The legislation would substantially increase the tax bills for many foreign companies that operate in the United States, raising more than $100 billion over a decade. Critics argue that the provision would chill foreign investment at a time when the Trump administration is trying to attract international money.“I think the president has been pretty unequivocal on where he stands on wanting more investment into the U.S. from international companies,” said Jonathan Samford, chief executive of the Global Business Alliance, which lobbies on behalf of international businesses in the U.S.Mr. Samford added that the measure “directly contradicts the president’s investment vision.”The legislation is poised to reignite international tax and trade wars that have been on hiatus as policymakers around the world grapple with how to overhaul the global tax system. It has also stoked anxiety among Wall Street investors and is expected to be a topic of discussion as leaders of the Group of 7 countries gather in Canada this week for a summit.Since taking office, President Trump has made clear that he wants nothing to do with a 2021 deal brokered by the Biden administration that aimed to rewrite the rules of how the world’s largest companies would be taxed around the globe. That deal, which was agreed to by the G7, created a new global minimum tax rate of at least 15 percent that companies would have to pay, regardless of their headquarter location. The aim was to prevent countries from lowering their tax rates as a way to attract multinational corporations, creating a “race to the bottom” in taxation that left nations with fiscal shortfalls.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Terry Moran Says He Doesn’t Regret Posts Criticizing Trump Administration

    In his first interview since losing his job at ABC News, the longtime TV correspondent, newly popular on Substack, says he does not regret his social media post criticizing the Trump administration.Terry Moran wasted no time ending the speculation.“It wasn’t a drunk tweet,” he said, flashing a lopsided grin on Sunday as he chatted on Zoom.Mr. Moran, a longtime ABC News correspondent, was ousted from his network last week over a post on X that castigated the Trump administration in searing, personal terms. In his first interview since then, he offered no apologies. He sounded chipper — at least, as chipper as a journalist could be after losing a job in spectacularly public fashion.Recounting how he came to write his fateful post, Mr. Moran, 65, said it was “a normal family night” that began with a meditative walk with his dog in the woods: “I was thinking about our country, and what’s happening, and just turning it over in my mind.” He returned home for family dinner and a movie, “Ocean’s Eleven.” He and his wife put their children to bed.And then: “I wrote it, and I said, ‘That’s true.’”“That” was a provocative post, published after midnight on June 8, tearing into Stephen Miller, the White House deputy chief of staff, as “richly endowed with the capacity for hatred.” Mr. Moran wrote that Mr. Miller “eats his hate” as “spiritual nourishment” and assigned the term “world-class hater” to both Mr. Miller and President Trump, whom the correspondent had interviewed in the Oval Office weeks earlier.The since-deleted post stunned Mr. Moran’s colleagues and prompted a furious riposte from Vice President JD Vance, who labeled it an “absolutely vile smear” and demanded an apology from ABC. Two days later, the network said it would not renew Mr. Moran’s contract, citing “a clear violation of ABC News policies.”Some veteran journalists said that his comments crossed the line of impartiality, and provided a gift to right-wing politicians seeking to depict the mainstream media as biased against Mr. Trump. Supporters on the left cheered Mr. Moran for issuing what they considered a candid assessment.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Turning a Page, Germans Try Celebrating Their Recent Veterans

    In a changed world, Germany’s government is trying to recruit more soldiers. A first step? Getting citizens to appreciate their military again.Like many good Veterans Day celebrations, the one in central Berlin on Sunday featured feats of strength. A former Naval boatswain named Peter Christian Duszynski, 35, pulled on a heavy bulletproof vest and reeled off nine flawless chin-ups. When he got stuck on the 10th, the crowd laughed and cheered him on.For Mr. Duszynski, the reception was welcome. Unlike Americans, British and others, Germans rarely show warm public support for former or active service members. The nation remains deeply ashamed of its Nazi past. Until Sunday, it had not celebrated an official Veterans Day since it reunified at the end of the Cold War.That reticence has been an obstacle as German leaders try to rebuild military strength, in order to counter a hostile Russia and hedge against a shrinking American security umbrella. Officials are now trying to recruit 60,000 new soldiers on very short notice. They need more than money to do it.They need the country to start appreciating its armed forces again.Visitors listening to Julia Klöckner, president of the German Parliament, give the day’s opening speech.Lena Mucha for The New York TimesThat is why, in the shadow of Berlin’s Parliament building, officials staged a main-event veterans’ celebration on Sunday. Across Germany, there were hundreds of related festivities, including more street fairs, communal breakfasts, bicycle races, hiking treks and photo exhibitions.“The soldiers are there, but they are usually not seen,” said Mr. Duszynski, 35, who had missions in the Mediterranean and elsewhere. “I think it’s important that we take steps to become more visible.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Match These Books to Their Movie Versions

    Welcome to Great Adaptations, the Book Review’s regular multiple-choice quiz about books that have gone on to find new life as movies, television shows, theatrical productions, video games and more. With the summer-movie season here, this week’s challenge is focused on novels that went on to become big-screeen adventures. Just tap or click your answers to the five questions below. And scroll down after you finish the last question for links to the books and their filmed versions. More

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    A Timeline of the Minnesota Shooting

    A man suspected of assassinating a Minnesota lawmaker on Saturday and of shooting another was identified by the authorities as Vance Boelter, 57. He is also suspected of killing the spouse of one of the lawmakers and wounding the spouse of the other. Mr. Boelter was taken into custody on Sunday, according to three officials who were briefed on the situation. More