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    China Pledges More Stimulus to Shore Up Flagging Economy

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    At a meeting to set the party’s economic policy agenda, China’s leadership said it would borrow more and cut interest rates in a bid to bolster growth.China’s top leaders on Thursday pledged more stimulus measures to shore up the country’s economy, building on steps they have taken in recent months to bolster growth.At an annual gathering of the Chinese Communist Party and the cabinet, led by the country’s top leader, Xi Jinping, officials agreed that the government should allow a bigger budget deficit, borrow more and cut interest rates, the state television broadcaster said on Thursday.The statements suggest a willingness by Beijing to take more aggressive steps to increase spending, part of a shift that began in September to turn around years of weak consumer demand, lackluster growth and declining prices.China “will need to maintain economic growth and maintain overall stability of employment and prices next year,” the state broadcaster said at the conclusion of the two-day Central Economic Work Conference, which sets the economic agenda for the upcoming year.The Chinese government typically uses the conference to signal priorities that could translate into policy action in the next year, and to agree on budget details that will be announced at the spring legislative session.Earlier this week, the ruling Politburo gave a rare public acknowledgment that Beijing needed to take a stronger approach on the economy, when it indicated it would be more willing to lower interest rates. It was the first time that China’s leaders had eased their stance on monetary policy since the aftermath of the global financial crisis 14 years ago.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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      The Guardian view on the EU-Mercosur trade deal: another farmer flashpoint approaches | Letters

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      Anticipating the strong protectionist winds that will blow from Donald Trump’s White House, the president of the European Commission, Ursula von der Leyen, has been responding by making her own economic weather. Last week, Ms von der Leyen flew to Montevideo, 5,000 miles south of Washington DC, to controversially conclude negotiations in one of the biggest free trade agreements in history. Twenty-five years in the making, the Mercosur trade deal opens up trade between the EU and a Latin American bloc of partners comprising Argentina, Brazil, Paraguay and Uruguay.In theory, the agreement promises a more open market of 700 million people for products ranging from Argentine beef to German cars. For European manufacturers, it would eliminate tariffs on a majority of goods. As Mr Trump threatens to impose heavy tariffs on Chinese and European exports, here was evidence, asserted Ms von der Leyen, “that openness and cooperation are the true engines of progress and prosperity”.This sunny analysis does not, however, tell the whole story. From an economic perspective, the Mercosur deal makes sense for Europe, offering an alternative market in the event of US tariffs and amid the continuing Chinese slowdown. It also deepens European connections with the global south, at a time when Beijing is doing the same in systematic fashion. But the political realities are treacherous: opposing Mercosur is a common cause celebre among European farmers, who fear being undercut by Latin American producers who are not subject to the same environmental standards.At the end of a year in which farmers’ protests have made headlines across the continent, and far-right parties have exploited rural resentment to attack the EU’s green transition, this is territory to be navigated with extreme care. The deal has yet to be ratified, and EU member states are split. Germany, desperate to shore up its export industry, is strongly in favour. France, whose farmers famously carry immense political clout, is implacably opposed. Serious reservations have been expressed by the Netherlands, Poland, Austria, Italy and Ireland.Less than a month after officially beginning her second term in office, Ms von der Leyen is taking a risk by pushing ahead at pace when such divisions exist. Approval of the trade part of the overall deal may be subject to a qualified majority vote, meaning that France would not be able to exercise its veto. That would be grist to Marine Le Pen’s mill, given that, in one recent poll, almost two-thirds of French citizens said they no longer had confidence in the EU. Meanwhile, the prospect of a disunited European front – with France and Germany at loggerheads – as Mr Trump enters the White House, is not an uplifting one.In the quarter of a century since the Mercosur negotiations began, the negative impacts of globalisation on particular European regions and economic sectors have driven a backlash that has benefited the far right. Trade deals are about politics as well as economics. To avoid the fallout of this deal overshadowing the economic gains, Brussels should make it a priority that losers from it are adequately compensated. Bypassing a necessary battle for hearts and minds, as the EU confronts new geopolitical challenges without and the rise of Eurosceptic nationalism within, is not a viable option.

      Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. More

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      Commerce Dept. Is on the Front Lines of China Policy

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      The department has confronted the challenge of China by restricting key exports, a policy that is likely to continue in the Trump administration.The Commerce Department has traditionally focused on promoting the interests of American business and increasing U.S. exports abroad. But in recent years, it has taken on a national security role, working to defend the country by restricting exports of America’s most powerful computer chips.While the Trump administration is likely to remake much of the Biden administration’s economic policy, with a renewed focus on broad tariffs, it is unlikely to roll back the Commerce Department’s evolution.“I’m truthfully not terribly worried that the Trump administration will undo all the great work we’ve done,” Gina Raimondo, the commerce secretary, said in an interview. “Number one, it’s at its core national security, which I hope we can all agree on. But two, it is the direction that they were going in.”It was the first Trump administration that took the initial steps toward the Commerce Department’s evolution, Ms. Raimondo noted, with its decision to put the Chinese telecommunications company Huawei on the “entity list.” Companies on the list are deemed a national security concern, and transfers of technology to them are restricted.Ms. Raimondo came into the commerce job focused on confronting the challenge of China by building upon the Trump administration’s actions.She has overseen a significant expansion of U.S. economic and technology restrictions against China. The Biden administration transformed the tough but sometimes erratic actions the Trump administration had taken toward Beijing into more sweeping and systematic limits on shipping advanced technology to China.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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      A Space Lawyer on the Global Quest to Conquer the Moon

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      Lunar exploration in the 21st century offers a unique opportunity to unite us.This personal reflection is part of a series called Turning Points, in which writers explore what critical moments from this year might mean for the year ahead. You can read more by visiting the Turning Points series page.Turning Point: In February, Intuitive Machines became the first private, nongovernmental entity to achieve a soft landing on the moon.I believe we really can achieve peace on Earth — and even beyond our planet. Perhaps that’s naïve, but I was lucky enough to be born into a universe of rich diversity that continues to inspire me.My mother is from a town near Shanghai and my father is of Polish descent. They were married, incidentally, on the same day the Soviet Union’s Luna-2 spacecraft crash-landed on the moon, marking humanity’s first impact on another celestial body. My father joined the United States Foreign Service soon after, and I spent my childhood moving across Africa, Eastern Europe and Asia, attending international schools and forging bonds with classmates from all parts of the planet. Though culturally tied to different nations, we were embraced by the commonality of our life on this beautiful Earth. It is a global bond that too many people fail to recognize.Today, as a space lawyer, I navigate the legal complexities of humanity’s journey beyond Earth, working through challenges with orbital debris, private property ownership in space, space resource utilization and more. During this pivotal moment in the history of space exploration, as humanity transitions from Earth to a multiplanetary existence, I am dedicated to ensuring that space remains a domain of peace and accessibility. It starts with our moon.Though several missions have targeted our natural satellite in this century, the pace of lunar exploration has significantly accelerated in the past decade, especially after India’s Chandrayaan-1 spacecraft confirmed the presence of water on the lunar surface in 2008. In the years that followed, China, Russia, India and Japan have all landed or attempted to land on the moon. And in 2024, a new milestone was achieved: Intuitive Machines became the first private, nongovernmental entity to achieve a soft landing on the moon, the closest approach to the lunar south pole by humans to date. Later in the year, we witnessed China’s sixth robotic mission and the first-ever return of samples from the far side of the moon. Multiple future missions, including crewed ones by both China and the United States, are planned within this decade.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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      If Trump’s tariffs start a trade war, it would be an economic disaster | Mark Weisbrot

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      “To me, the most beautiful word in the dictionary is tariff, and it’s my favorite word,” said Donald Trump last month. Pundits, politicians and financial markets are trying to figure out why, since he announced a week ago that he would impose tariffs on the United States’s three biggest trading partners: 25% for Mexico and Canada, and 10% for China.One theory is that tariffs can be a beautiful distraction. Trump, more than any previous US president, has fed on distractions for years, both to campaign and to govern. He can move seamlessly from one distraction to the next, like a magician preparing for the opportune moment to pull a coin from where it appears to have been hidden behind your ear.Although he still has seven weeks before he takes office, he could use a distraction that can start sooner. He has run into problems with cabinet and other appointments that require Senate confirmation. Of course he could easily find people who would do his bidding and be acceptable to a Senate with a Republican majority. But that would defeat the main purpose of nominating people who seem indefensible: to force Republican senators to display the abject subservience that Trump needs to be public, in order to ensure his unwavering dominance within his party.This is no small part of his governing strategy; it involves a big takeaway from the failures of his first term, from his point of view. The lesson is: loyalty to Trump first. Violators will be banished. And with small margins in the Senate and the House, things could begin to unravel if this core imperative goes unenforced.But the days before Trump actually takes office could also be the best time for him to use the threat of tariffs to begin bullying foreign governments for things that might benefit his allies, donors or himself. Other governments besides the three that he named are trying to figure out what they can offer Trump to avoid the economic disruption of tariffs. Christine Lagarde, the head of the European Central Bank, who does not see Trump as a friend, has urged the EU to negotiate with him, rather than adopt a retaliatory, eg tariff, response.Trump’s two offered pretexts for the tariff threat – migration and drugs, in this case fentanyl – are not credible. About 18% of the undocumented people encountered by border patrol over the past year have been from Venezuela and Cuba, two countries that have been devastated economically by sanctions imposed by the US government. If reducing immigration were really Trump’s concern, he would not have deployed sanctions that have driven millions of people from their homes to the US border; and he could end these sanctions in January by himself.Broad economic sanctions are a form of economic violence which targets civilians in order to achieve political ends, including regime change. US congressman Jim McGovern, a Massachusetts Democrat, made this clear in a letter that he wrote to Joe Biden asking for the sanctions on Venezuela to be dropped. The Trump sanctions in Venezuela in 2017 killed tens of thousands of civilians during the first year, and many more in the years that followed, including under Biden.As for fentanyl, about 75,000 people died from overdoses of this drug in 2023. But it’s difficult to see how Trump’s tariffs could help solve this problem. It’s a glaring example of how more than four decades of a failed “war on drugs”, based on criminalization of use and supply-side intervention, have made things worse. In this case the drug war has led to an innovation – fentanyl – that is vastly more powerful than heroin, much cheaper to produce, more addictive and easier to transport, distribute and produce.There is general agreement in the economic research on the effects of Trump’s trade and tariff wars in his first term as president, in which he placed tariffs on about $380bn of US imports. The overall impact on living standards for US workers and most Americans is found to be negative, with the cost of the tariffs being absorbed by US consumers. Employment overall did not increase, and may have fallen due to the negative impact of retaliatory tariffs.The economic research looking at the expected impacts of tariffs that Trump has talked about going forward also finds the impact on the US economy to be negative. And there is potential for much more damage if other countries respond with more retaliatory tariffs than they did in 2018-2020.Meanwhile, the productivity of Trump’s tariff offensive in generating distractions remains high. On Sunday he took a shot at the so-called Brics countries – Brazil, Russia, India, China and other economic powers: “We require a commitment from these countries,” Trump wrote on Truth Social, “that they will neither create a new Brics currency nor back any other currency to replace the mighty US dollar or they will face 100% tariffs and should expect to say goodbye to selling into the wonderful US economy.”None of these things will happen while Trump is in office. Nor will threats like this deter the majority of the world, when it is ready, from replacing a system of global governance that is overwhelmingly run by one country with help from the richest people in other rich countries. Our current system is one in which the “exorbitant privilege” that the dollar-based financial system bestows upon the US government gives the president the power to destroy whole economies with the stroke of a pen.But this is a longer story; for Trump it’s just another threat and another distraction in the post-truth world that he, as much as anyone, helped create. But he will need more than distractions to take this country further down the road toward de-democratization, which is what brought to him and his party the power that they now have.

      Mark Weisbrot is co-director of the Center for Economic and Policy Research. He is the author of Failed: What the “Experts” Got Wrong About the Global Economy More

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      in Elections

      Can Rahm Emanuel Flip the Script Again?

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      There’s a buzz around Rahm Emanuel — the former Bill Clinton adviser, former Illinois congressman, former chief of staff to President Barack Obama, former mayor of Chicago — possibly becoming the next head of the Democratic National Committee. The progressive left despises his pragmatism and liberal centrism. He has a reputation for abrasiveness. And his current job, as ambassador to Japan, has traditionally served as a posting for high-level political has-beens like Walter Mondale and Howard Baker.But he also has a gift for constructing winning coalitions with difficult, unexpected partners.More on that in a moment. When I meet him for breakfast this week at a New York City hotel, what he wants to talk about is a looming crisis in Asia. “What started as two wars in two theaters is now one war in two separate theaters,” he says of the conflicts in Ukraine and the Middle East. “We need to ensure that it does not expand into a third theater.”How soon might that happen? I mention 2027, a year that’s often seen as China’s target date for reunification with Taiwan, if necessary by force.“I think it’s actually 2025,” he answers.What Emanuel has in mind are Asia’s other flashpoints, including along the 38th parallel that divides North and South Korea, where Russia is “poking” Kim Jong-un, the North Korean leader, “to do something” and where South Korea’s president briefly declared martial law, and also in the South China Sea, where China and the Philippines are coming to blows over Beijing’s illegal maritime claims. Unlike with Taipei, to which America’s obligations are deliberately ambiguous, with Manila and Seoul our defense commitments are ironclad.That could mean war for the United States on multiple unexpected fronts. Emanuel’s tenure as ambassador was distinguished by his role in engineering two historic rapprochements — last year between Japan and South Korea and this year between Japan and the Philippines — that, along with the AUKUS defense pact with Britain and Australia, form part of a broad diplomatic effort by the Biden administration to contain China.The Chinese, Emanuel says, “have a theory of the case in the Indo-Pacific. We have a theory of the case. Their attempt is to isolate Australia, isolate the Philippines and put all the pressure on that country,” often through abusive trade practices. “Our job is to flip the script and isolate China through their actions.”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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      U.S. Condemns China’s Harsh Sentence for a Prominent Journalist

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      The sentencing of Dong Yuyu, a former Harvard Nieman fellow, signals that officials consider some exchanges between Chinese citizens and foreigners to be espionage.The State Department has denounced a Chinese court’s sentencing of a prominent journalist, Dong Yuyu, to seven years in prison and said it stood with his family in calling for his “immediate and unconditional release.”A court in Beijing announced the sentence on Friday for his conviction on charges of espionage. Mr. Dong, 62, a former Harvard Nieman fellow, has been held since February 2022, when officers from the Ministry of State Security, China’s main intelligence agency, detained him and a Japanese diplomat while they ate lunch in a restaurant.The officers released the diplomat after an interrogation, but prosecutors put Mr. Dong on trial behind closed doors in July 2023. He is the most prominent journalist imprisoned in mainland China.Matthew Miller, the State Department spokesman, said in a statement on Friday that Mr. Dong’s “arrest and today’s sentencing highlight the P.R.C.’s failure to live up to its commitments under international law and its own constitutional guarantees to all its citizens.” He used the initials of the formal name of the country, the People’s Republic of China.“We celebrate Dong’s work as a veteran journalist and editor, as well as his contributions to U.S.-P.R.C. people-to-people ties, including as a Harvard University Nieman fellow,” Mr. Miller added. “We stand by Dong and his family and call for his immediate and unconditional release.”R. Nicholas Burns, the U.S. ambassador to China and a former Harvard professor, also issued a statement of condemnation, calling the sentencing “unjust.”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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      in Elections

      E.U. Vessels Surround Anchored Chinese Ship After Cables Are Severed in Baltic Sea

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      Multiple countries are investigating and the authorities in Europe say they have not ruled out sabotage. But U.S. intelligence officials have assessed that the cables were not cut deliberately.For more than a week, a Chinese commercial ship has apparently been forced to anchor in the Baltic Sea, surrounded and monitored by naval and coast guard vessels from European countries as the authorities attempt to unravel a maritime mystery.The development arose after two undersea fiber-optic cables were severed under the sea, and investigators from a task force that includes Finland, Sweden and Lithuania are trying to determine if the ship’s crew intentionally cut the cables by dragging the ship’s anchor along the sea floor.On Wednesday, the Swedish police announced that the inquiry into the episode had concluded but that an investigation was ongoing. Sweden did not release any initial findings.American intelligence officials had assessed that the cables were not cut deliberately, though the authorities in Europe say they have not been able to rule out sabotage.“The preliminary investigation was initiated because it cannot be ruled out that the cables were deliberately damaged,” Per Engström, the superintendent of the Swedish police, said in a statement on Wednesday. “The current classification of the crime is sabotage, though this may change.”Denmark has said it is in “ongoing dialogue” with various countries, including China.The mystery of the severed cable and who is to blame comes as Europe is increasingly on edge after a number of apparent sabotage operations, including arson attacks, vandalism and physical assaults. Many of these have been attributed to Russian intelligence operatives, including a plot that emerged last month, Western officials say, to put incendiary devices on cargo planes.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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      in US Politics

      Canada PM under pressure to stand up to Trump over tariff plan; US motorists could face higher gas prices – live

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      Other members of Canada’s parliament are calling on prime minister Justin Trudeau to ready a “war room” for the coming battle over tariffs with the United States.“The only thing a bully responds to is strength. So where is our plan to fight back?” Jagmeet Singh, leader of the New Democratic Party, asked Trudeau. “Where is the war room?”“I don’t think the idea of going to war with the United States is what anyone wants. What we will do is stand up for Canadian jobs,” Trudeau said. “Stand up for the prosperity we create when we work together.”Meanwhile, members of Canada’s liberal and conservative parties are debating ways Trudeau could promote a “Canada First” policy or work collaboratively with “our US partner.”In an election post-mortem today, top Harris campaign officials said there was little else Kamala Harris could have done to win the 2024 election.Speaking on the podcast “Pod Save America”, David Plouffe, Jen O’Malley Dillon, Quentin Fulks and Stephanie Cutter said Harris couldn’t have distanced herself further from Joe Biden because she was loyal and faced backlash over inflation that’s hurt incumbent politicians across the globe this year.“She had tremendous loyalty to President Biden,” Cutter said. “Imagine if we said, ‘Well, we would have taken this approach on the border.’ Imagine the round of stories coming out after that, of people saying, ‘Well, she never said that in the meeting.’”Plouffe added that the campaign’s internal polling never showed Harris leading president-elect Donald Trump.“We didn’t get the breaks we needed on Election Day,” he said. “I think it surprised people, because there was these public polls that came out in late September, early October, showing us with leads that we never saw.”Fulks noted that Democrats could learn from how Republicans support their own, even amid controversy.“Democrats are eating our own to a very high degree, and until that stops, we’re not going to be able to address a lot of the things that just need to be said,” he said.During a thank-you call today, Kamala Harris told small-dollar donors that they helped to raise $1.4 billion over the course of her 107-day campaign.“The outcome of the election, of this election, obviously, is not what we wanted. It is not what we worked so hard for, but I am proud of the race we ran and your role was critical — what we did in 107 days was unprecedented,” she said. “The fight that fueled our campaign, a fight for freedom and opportunity, did not end on November 5th.”Harris’s running mate, Minnesota governor Tim Walz, joined the call and urged supporters to “find the place in your community to heal both yourselves and your community.” He acknowledged feels of grief that supporters might be feeling and added, “You did everything that was asked.”Donald Trump’s team has announced that it has signed transition paperwork with the White House, which the incoming administration appeared to be dodging after failing to sign the agreement by its 1 October due date. The agreement, which directs $7.2m in federal funding to the transition, requires the incoming presidential administration to agree to an ethics pledge and cap private donations.The announcement that Trump’s team had signed the memorandum of understanding with the White House came in a press release from Trump’s chief-of-staff Susie Wiles.“After completing the selection process of his incoming Cabinet, President-elect Trump is entering the next phase of his administration’s transition by executing a Memorandum of Understanding with President Joe Biden’s White House. This engagement allows our intended Cabinet nominees to begin critical preparations, including the deployment of landing teams to every department and agency, and complete the orderly transition of power,” she said.Speaking from the White House, Joe Biden has announced a ceasefire agreement between Israel and Hezbollah.“Under the deal reached today, effective at 4am tomorrow local time, the fighting across the Lebanese-Israeli border will end,” he said. “This is designed to be a permanent cesation of hostility.”Explaining the terms of the deal, Biden said, the Lebanese army will take control of the region as Israel withdraws its forces over the next 60 days. Hezbollah will not be allowed to rebuild its infrastructure. “There will be no US troops deployed in southern Lebanon,” he said, adding that the US and France would continue to provide support to Lebanon. If Lebanon fails to abide by the terms of the agreement, Biden said, Israeli retains the right to defend itself.“Now Hamas has a choice to make,” Biden said, gesturing to the ongoing war in Gaza. “Over the coming days, the United States will make another push – with Turkey, Egypt, Qatar, Israel and others – to achieve a ceasefire in Gaza.”A day after Elon Musk claimed to have met with “senior military officers,” the Pentagon told reporters it was not aware of any meetings with Trump transition officials, the Washington Post reports.“The president-elect’s transition team has not contacted the department yet to conduct those transitions, so I’m not aware of any official meetings,” Pentagon press secretary Patrick Ryder told reporters. Donald Trump’s transition team has declined to sign paperwork that would require the incoming administration to agree to an ethics pledge and cap private donations, which has slowed the transition.Yesterday, Musk claimed to have met with “senior military officers today” in a social media post responding to a statement from Vivek Ramaswamy about government efficiency.“In a meeting with senior military officers today, they told me that it now takes longer to renovate stairs (24 months) in the Pentagon than it took to build the WHOLE Pentagon (16 months) in the 1940s!!” Musk wrote.Speaking at an emergency gathering of the Canadian parliament today, Justin Trudeau urged unity while leaders of two of the country’s largest industrial and oil-rich provinces raised concerns over US-Canada relations, Reuters reports.The premier of Ontario, the country’s industrial heartland, said Trump had good reason to be worried about border security.“Do we need to do a better job on our borders? 1,000 percent … we do have to listen to the threat of too many illegals crossing the border,” Doug Ford told reporters. “We have to squash the illegal drugs, the illegal guns.”Ford has called on Trudeau to abandon the U.S.-Canada-Mexico trade deal in favor of a bilateral agreement with the US, and called Trump’s comparison of Canada to Mexico “the most insulting thing I have ever heard”.Likewise, the premier of the oil-rich province of Alberta said yesterday that Trump had valid concerns over border security.“We are calling on the federal government to work with the incoming administration to resolve these issues immediately, thereby avoiding any unnecessary tariffs on Canadian exports to the U.S.,” Danielle Smith said in a social media post. She added, “The vast majority of Alberta’s energy exports to the U.S. are delivered through secure and safe pipelines which do not in any way contribute to these illegal activities at the border.”A federal judge has rejected Rudy Giuliani’s request to reschedule a January trial date for after Donald Trump’s inauguration. The judge has ordered Giuliani to pay two Georgia election workers $148 million for spreading falsehoods after the 2020 election. The 16 January trial had been set to determine whether Giuliani would have to relinquish assets such as a Palm Beach condo and Yankees World Series rings to pay the judgement.“My client regularly consults and deals directly with President-elect Trump on issues that are taking place as the incoming administration is afoot as well as inauguration events,” Giuliani’s attorney Joseph Cammarata said. “My client wants to exercise his political right to be there.”“The defendant’s social calendar does not constitute good cause [to delay the trial],” US District Court Judge Lewis Liman said. He did suggest that he would be open to moving the trial forward a few days.Other members of Canada’s parliament are calling on prime minister Justin Trudeau to ready a “war room” for the coming battle over tariffs with the United States.“The only thing a bully responds to is strength. So where is our plan to fight back?” Jagmeet Singh, leader of the New Democratic Party, asked Trudeau. “Where is the war room?”“I don’t think the idea of going to war with the United States is what anyone wants. What we will do is stand up for Canadian jobs,” Trudeau said. “Stand up for the prosperity we create when we work together.”Meanwhile, members of Canada’s liberal and conservative parties are debating ways Trudeau could promote a “Canada First” policy or work collaboratively with “our US partner.”Canadian prime minister Justin Trudeau is discussing the United States’ proposed tariffs with the leader of the opposition, Pierre Poilievre, before the Canadian parliament. Poilievre has criticized Trudeau, calling on him to “put Canada first” in its relations with the United States and do more to fix Canada’s “broken borders” and “liberalization of drugs”.“The prime minister’s disastrous legalization and liberalization of drugs has the Americans worried,” Poilievre said. “Where’s the plan to stop the drugs and keep our border open to trade?”Canadian prime minister Justin Trudeau is expected to speak shortly at today’s gathering of the nation’s parliament, just a day after Donald Trump threatened to levy 25% tariffs against the US’s northern neighbor.Trudeau spoke with Trump earlier today, and said “it was a good call,” adding that they “obviously talked about laying out the facts, talking about how the intense and effective connections between our two countries flow back and forth.”Donald Trump’s team is discussing pursuing direct talks with North Korean leader Kim Jong Un, hoping a fresh diplomatic push can lower the risks of armed conflict, according to two people familiar with the matter, Reuters reports.Several in Trump’s team now see a direct approach from Trump, to build on a relationship that already exists, as most likely to break the ice with Kim, years after the two traded insults and what Trump called “beautiful” letters in an unprecedented diplomatic effort during his first term in office, the people said.The policy discussions are fluid and no final decisions have been made by the president-elect, the sources said.Trump’s transition team did not respond to a request for comment.What reciprocation Kim will offer Trump is unclear. The North Koreans ignored four years of outreach by outgoing president Joe Biden to start talks with no pre-conditions, and Kim is emboldened by an expanded missile arsenal and a much closer relationship with Russia.
      We have already gone as far as we can on negotiating with the United States,” Kim said last week in a speech at a Pyongyang military exhibition, according to state media.
      During his 2017-2021 presidency, Trump held three meetings with Kim, in Singapore, Hanoi, and at the Korean border, the first time a sitting US president had set foot in the country.Their diplomacy yielded no concrete results, even as Trump described their talks as falling “in love.” The US called for North Korea to abandon its nuclear weapons, while Kim demanded full sanctions relief, then issued new threats.North Korea has sent troops to fight alongside Russia in its war with Ukraine.Donald Trump’s pledge to impose 25% tariffs on Canadian and Mexican imports in his first day in office does not exempt crude oil from the trade penalties, two sources familiar with the plan told Reuters today.Oil producers already warned that tariffs on crude would drive up the price of gas for US motorists, the FT reported earlier.“A 25% tariff on oil and natural gas would likely result in lower production in Canada and higher gasoline and energy costs to American consumers while threatening North American energy security,” Lisa Baiton, head of the Canadian Association of Petroleum Producers, told the business-focussed newspaper.In the vagaries of the markets and geopolitics, oil prices rose earlier on news of Trump’s tariffs pledge, over predictions they would discourage production, thereby raising prices, but now have dropped slightly, Reuters reports, on news of a pending ceasefire between Israel and Hezbollah in Lebanon, apparently because Wall Streeters, leaping 10 steps ahead, imagine it could lead to a relaxing of sanctions on Iran and therefore a glut of oil supply, suppressing prices…. More