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    The Childish Tariff Formula That Will Reshape the Global Economy

    President Trump says the rest of the world is cheating the United States. He says he’s charging tariffs on imports from other countries and the biggest tariffs will be on the worst cheaters.Which country tops Trump’s cheating chart? Well, it turns out to be the tiny, landlocked southern African kingdom of Lesotho.In 2023, Lesotho exported about $228 million worth of goods and services to the United States and imported just $7.33 million worth from the United States. To rectify this imbalance, which the Trump administration regards as an intolerable abuse of the American people, the president is imposing a 50 percent tax on future imports from Lesotho — the highest rate on any country.It is a decision that illustrates the stupidity and cruelty of Trump’s new trade policy even by comparison with its stated purpose.Lesotho is one of the poorest countries on Earth. Its 2.3 million citizens spend an average of only $3 on American goods and services each year not because they’re trying to cheat the United States but because they have very little money.And what of the stuff that Americans buy from Lesotho? Diamonds top the list. We could improve our trade balance with Lesotho by purchasing fewer diamonds, but we can’t mine our own. There are no commercial diamond mines in this country.Lesotho is an extreme example, of course. But it is a valuable one all the same. It underscores that the president is lying to the American people.Trump said repeatedly on Wednesday that the tariffs are “reciprocal,” but that’s not true. The tariff rates announced by the Trump administration are not related to the tariff rates charged by other countries. They were calculated using a childish formula based on trade imbalances.The White House later said imbalances are a measure of all the ways that other countries cheat the United States. But as Lesotho illustrates, imbalances are a bad measuring stick. Other countries engage in unfair trade practices. So do we. Instead of doing the work to identify and target those problems, the Trump administration has decided to carpet-bomb the global economy.The president — with apologies to F. Scott Fitzgerald — is a careless person, smashing up things and creatures and leaving others, eventually, to clean up the mess that he has made. More

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    Where Trump’s Tariffs Will Hit Hardest

    <!–> [–><!–> –> <!–> –><!–> [–><!–>Many of the worst-hit countries are close American allies and partners. In Southeast Asia, countries like Vietnam, Thailand and Cambodia have for years worked to turn themselves into alternatives to China for factories making the bags, electronics, shoes and auto parts that eventually end up in the United States. Now, […] More

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    Overlooked No More: Katharine McCormick, Force Behind the Birth Control Pill

    She used her wealth strategically to expand opportunities for women, underwriting the development of the pill and supporting the suffrage movement.This article is part of Overlooked, a series of obituaries about remarkable people whose deaths, beginning in 1851, went unreported in The Times.Katharine Dexter McCormick, who was born to a life of wealth, which she compounded through marriage, could have sat back and simply enjoyed the many advantages that flowed her way. Instead, she put her considerable fortune — matched by her considerable willfulness — into making life better for women.An activist, philanthropist and benefactor, McCormick used her wealth strategically, most notably to underwrite the basic research that led to the development of the birth control pill in the late 1950s.Before then, contraception in the United States was extremely limited, with bans on diaphragms and condoms. The advent of the pill made it easier for women to plan when and whether to have children, and it fueled the explosive sexual revolution of the 1960s. Today, the pill, despite some side effects, is the most widely used form of reversible contraception in the United States.McCormick’s interest in birth control began in the 1910s, when she learned of Margaret Sanger, the feminist leader who had been jailed for opening the nation’s first birth control clinic. She shared Sanger’s fervent belief that women should be able to chart their own biological destinies.The two met in 1917 and soon hatched an elaborate scheme to smuggle diaphragms into the United States.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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    Fact-Checking Trump’s Claim About Egg Prices

    President Trump, as he announced sweeping tariffs, batted away “very tired predictions” from critics of his economic agenda by citing a large decline in the price of eggs.“The price of eggs dropped now 59 percent, and they’re going down more and the availability is fantastic,” Mr. Trump said on Wednesday.The wholesale price of eggs has indeed fallen by more than half since Mr. Trump’s inauguration, but that drastic decline is not yet reflected in the retail price, which consumers pay at the grocery store.According to the Agriculture Department’s weekly data release, the national wholesale average has fallen from $6.55 a dozen on Jan. 24 to $3 on March 28, a 54 percent decline. But the agency, in its latest release, noted that it could take up to three weeks for retail prices to catch up to wholesale prices and that “consumers are only now starting to see shelf prices slowly decline.”The average price of a dozen eggs in grocery stores was $5.90 in February, the month with the latest available data, according to the Bureau of Labor Statistics. That was almost a dollar more than the average in January.The wholesale prices of eggs remains much higher now than at this point at the end of March 2024, when the national average was $1.70 a dozen.The Agriculture Department predicted in its latest food price outlook that egg prices will increase by 57.6 percent in 2025 compared with the previous year. More

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    Prince Harry Expresses ‘Relief’ Over Charity Commission’s Sentebale Investigation

    A British regulator said it would examine concerns about Sentebale, the charity Harry co-founded, looking at its chair as well as its trustees.Following days of silence after he was accused of bullying and harassment, Prince Harry said on Thursday that he welcomed an announcement that the bitter dispute at the charity he co-founded is to be examined by the Charity Commission, an independent watchdog that regulates charities in England and Wales.The charity, Sentebale, has been engulfed in a public relations crisis since last week, when Harry and his co-founder, Prince Seeiso of Lesotho, announced they were resigning as patrons in solidarity with five trustees over a damaging rift with the chair of the board, Sophie Chandauka.Ms. Chandauka has since gone on television in Britain to level a series of incendiary claims against the former trustees and Prince Harry, including allegations of sexism, harassment and bullying, which they have strongly denied.“On behalf of the former trustees and patrons, we share in the relief that the Charity Commission confirmed they will be conducting a robust inquiry,” Harry said in a statement issued with Prince Seeiso. He added: “We fully expect it will unveil the truth that collectively forced us to resign.”The dispute between Ms. Chandauka and the prince has spiraled into an ugly spectacle, with her claiming that she was targeted by the publicity machine of Harry and his wife, Meghan, after an awkward encounter with Meghan at a polo match in Miami to raise funds for the charity. The former trustees, in turn, said they had lost confidence in Ms. Chandauka’s leadership.The Charity Commission said it had opened a compliance case to examine concerns about Sentebale, and said its focus would include determining whether trustees, including Ms. Chandauka, had fulfilled their legal duties.“The regulator’s focus, in line with its statutory remit, will be to determine whether the charity’s current and former trustees, including its chair, have fulfilled their duties and responsibilities under charity law,” the commission said in its statement.The commission said it was now “in direct contact with parties who have raised concerns to gather evidence and assess the compliance of the charity and trustees past and present.”Ms. Chandauka said in a statement that she also welcomed the watchdog’s decision to proceed with a compliance case. “We hope that, together, these actions will give the general public, our colleagues, partners, supporters, donors and the communities we serve comfort that Sentebale and its new board of trustees are acting appropriately to demonstrate and ensure good governance,” she added. More

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    ‘It Had Teeth’: A 3-Year-Old Discovers Ancient Treasure in Israel

    While on a hike with her family, a child stumbled across a 3,800-year-old Egyptian amulet. It will go on display in an upcoming exhibition.A 3½-year-old in Israel recently made an important archaeological discovery.The child, Ziv Nitzan, was hiking with her family last month on a dirt trail about 25 miles outside Jerusalem when a small rock caught her attention. She was drawn to it, she said in an interview translated from Hebrew by her mother, because “it had teeth on it.”Naturally, Ziv picked it up. When she rubbed off the dirt, “she noticed that it was something very special,” her mother, Sivan Nitzan, said.The alluring pebble turned out to be a 3,800-year-old Egyptian amulet, engraved with the design of an insect known as a scarab and dating from the Bronze Age, according to the Israel Antiquities Authority, which later collected it.Ziv, moments after finding the ancient artifact. She said she first picked it up because “it had teeth on it,” and when she rubbed off the dirt, she saw that “it was something very special,” her mother said.via Sivan NitzanIt wasn’t the first time that a young hiker had stumbled upon an archaeological treasure in Israel, given its rich history.Last year, while on a hike on Mount Carmel in Haifa, a 13-year-old boy found a Roman-era ring with an engraving of the goddess Minerva. In 2016, a 7-year-old boy on a trip with friends in the Beit She’an Valley discovered a well-preserved, 3,400-year-old carving of a nude woman. And many sharp-eyed children have unearthed coins made during periods of Roman or Hasmonean rule.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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    Trump Administration Threatens to Withhold Funds From Public Schools

    The Trump administration threatened on Thursday to withhold federal funding from public schools unless state education officials verified the elimination of all programs that it said unfairly promoted diversity, equity and inclusion.In a memo sent to top public education officials across the country, the Education Department said that funding for schools with high percentages of low-income students, known as Title I funding, was at risk pending compliance with the administration’s directive.The memo included a certification letter that state and local school officials must sign and return to the department within 10 days, even as the administration has struggled to define which programs would violate its interpretation of civil rights laws. The move is the latest in a series of Education Department directives aimed at carrying out President Trump’s political agenda in the nation’s schools.At her confirmation hearing in February, Education Secretary Linda McMahon said schools should be allowed to celebrate the Rev. Dr. Martin Luther King Jr. But she was more circumspect when asked whether classes that focused on Black history ran afoul of Mr. Trump’s agenda and should be banned.“I’m not quite certain,” Ms. McMahon said, “and I’d like to look into it further.”More recently, the Education Department said that an “assessment of school policies and programs depends on the facts and circumstances of each case.”Programs aimed at recognizing historical events and contributions and promoting awareness would not violate the law “so long as they do not engage in racial exclusion or discrimination,” the department wrote.“However, schools must consider whether any school programming discourages members of all races from attending, either by excluding or discouraging students of a particular race or races, or by creating hostile environments based on race for students who do participate,” the Education Department said.It also noted that the Justice Department could sue for breach of contract if it found that federal funds were spent while violating civil rights laws.The federal government accounts for about 8 percent of local school funding, but the amounts vary widely. In Mississippi, for example, about 23 percent of school funding comes from federal sources, while just 7 percent of school funding in New York comes from Washington, according to the Pew Research Center.“Federal financial assistance is a privilege, not a right,” Craig Trainor, the acting assistant education secretary for civil rights, said in a statement. “When state education commissioners accept federal funds, they agree to abide by federal anti-discrimination requirements.” More

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    Javier Milei, Trump’s ‘Favorite President,’ Has Few Deals to Offer — but Lots of Adoration

    Javier Milei of Argentina might not be that useful for the United States on economics or geopolitics — but he can help to fight the culture wars.The day after President Trump antagonized world leaders across the globe with his most sweeping set of tariffs yet, he was scheduled to fly to Florida and potentially see the one leader he has called his “favorite president.”That leader, President Javier Milei of Argentina, had flown overnight to receive an award on Thursday at a right-wing gala at Mar-a-Lago. Mr. Trump was scheduled to also be there late Thursday — Mr. Milei said Mr. Trump would receive an award, too — and Mr. Milei said he hoped the two would meet.It was Mr. Milei’s 10th trip to the United States in 15 months as president, and nearly every time, he has met Mr. Trump or Elon Musk.Mr. Trump has posited that he is reshuffling U.S. foreign policy strictly around what is good for the United States.So what can be puzzling about his elevation of Argentina to the front row of America’s allies — Mr. Milei and Prime Minister Giorgia Meloni of Italy were the only world leaders onstage at Mr. Trump’s inauguration — is that the chronically distressed South American nation is not particularly important as an economic or geopolitical partner.Instead, through Mr. Milei, Argentina has offered Mr. Trump something else he appears to crave: adoration.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