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    Trump’s Tariff Threat for Drug imports Poses Big Political Risks

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    Levies on Americans’ daily prescriptions and other medicines could raise costs, spur rationing and lead to shortages of critical drugs.President Trump’s decision to move a step closer to imposing tariffs on imported medicines poses considerable political risk, because Americans could face higher prices and more shortages of critical drugs.The Trump administration filed a federal notice on Monday saying that it had begun an investigation into whether imports of medicines and pharmaceutical ingredients threaten America’s national security, an effort to lay the groundwork for possible tariffs on foreign-made drugs.Mr. Trump has repeatedly said he planned to impose such levies, to shift overseas production of medicines back to the United States. Experts said that tariffs were unlikely to achieve that goal: Moving manufacturing would be hugely expensive and would take years.It was not clear how long the investigation would last or when the planned tariffs might go into effect. Mr. Trump started the inquiry under a legal authority known as Section 232 that he has used for other industries like cars and lumber.Mr. Trump said in remarks to reporters on Monday that pharmaceutical tariffs would come in the “not too distant future.”“We don’t make our own drugs anymore,” Mr. Trump said. “The drug companies are in Ireland, and they’re in lots of other places, 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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      U.S. Adds Export Restrictions to More Chinese Tech Firms Over Security Concerns

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      The additions included companies that are customers of Intel and Nvidia, and one firm that was the focus of a New York Times investigation last year.The Trump administration on Tuesday added 80 companies and organizations to a list of companies that are barred from buying American technology and other exports because of national security concerns.The move, which targeted primarily Chinese firms, cracks down on companies that have been big buyers of American chips from Nvidia, Intel and AMD. It also closed loopholes that Trump administration officials have long criticized as allowing Chinese firms to continue to advance technologically despite U.S. restrictions.One company added to the list, Nettrix Information Industry, was the focus of a 2024 investigation by The New York Times that showed how some Chinese executives had bypassed U.S. restrictions aimed at cutting China off from advanced chips to make artificial intelligence.Nettrix, one of China’s largest makers of computer servers that are used to produce artificial intelligence, was started by a group of former executives from Sugon, a firm that provided advanced computing to the Chinese military and built a system the government used to surveil persecuted minorities in the western Xinjiang region.In 2019, the United States added Sugon to its “entity list,” restricting exports over national security concerns. The Times investigation found that, six months later, the executives formed Nettrix, using Sugon’s technology and inheriting some of its customers. Times reporters also found that Nettrix’s owners shared a complex in eastern China with Sugon and other related companies.After Sugon was singled out and restricted by the United States, its longtime partners — Nvidia, Intel and Microsoft — quickly formed ties with Nettrix, the investigation found.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’s Tariffs by Whim Keep Allies and Markets Off Balance

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      On Tuesday, Commerce Secretary Howard Lutnick went on Fox Business to reassure nervous allies and even more twitchy investors that the Trump administration was negotiating a deal to avoid tariffs on goods from Mexico and Canada, and that the president is “gonna work something out with them.”“It’s not gonna be a pause” for Mr. Trump’s on-again, off-again tariffs, he insisted. “None of that pause stuff.”On Thursday, the world got what the president characterized as more of that pause stuff.Mr. Trump’s announcement that he had a good conversation with Mexico’s president, and would delay most tariffs until April 2, was only the latest example of the punish-by-whim nature of the second Trump presidency. A few hours after the Mexico announcement, Canada got a break too, even as Mr. Trump on social media accused its departing prime minister, Justin Trudeau, of using “the Tariff problem” to “run again for Prime Minister.”“So much fun to watch!” he wrote.Indeed, it appears that Mr. Trump is having enormous fun turning tariffs on and off like tap water. But others are developing a case of Trump-induced whiplash, not least investors, who sent stock prices down again on Thursday amid the uncertainty over what Mr. Trump’s inconstancy means for the global economy. (A later rise in stock futures pointed to rosier expectations for Friday.)When the White House finally released the text of Mr. Trump’s orders on Thursday evening, it appeared that some of the tariffs — those covered in the U.S.-Mexico-Canada trade agreement that Mr. Trump negotiated and celebrated in his first term — were indeed permanently suspended. Other tariffs were merely paused.Most everyone involved was confused, which may well have been the point.As Mr. Trump hands down tariff determinations and then pulls them back for a month or so, world leaders call to plead their case, a bit like vassal states appealing to a larger power. Chief executives put in calls as well, making it clear that Mr. Trump is the one you need to deal with if you are bringing in car parts from Canada or chips from 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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      Who’s Got Trump’s Ear on Tariffs? Lutnick or Navarro?

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      Corporate leaders and investors continue to be caught off guard by the president’s trade policy, especially as deal talks heat up. Looking for tariff relief? Howard Lutnick, the commerce secretary, appears to be one to call.Tierney L. Cross for The New York TimesWho’s in the room President Trump’s tariff policy has given corporate chiefs and investors a serious case of whiplash. While the markets cheered on Wednesday’s delay on auto sector levies, setting off an impressive late-day rally, the move also adds to the confusion about what comes next.The latest: There’s increasing buzz that agricultural products are next in line for tariff relief, as the president faces intense lobbying from his party. And the release on Wednesday of the Fed’s beige book survey of regional activity showed that companies were growing worried that the levies would push up prices.One school of thought on Trump’s tariff plans: they could level the field before negotiations. Trump himself sees them as a tool to bolster the U.S. economy.A way to think about this is to look at the people in his orbit. On tariffs, there are two key, and seemingly polar opposite, figures.There’s Howard Lutnick, the former head of Cantor Fitzgerald who is a moderate on trade and now commerce secretary. And there is Peter Navarro, a longtime Trump lieutenant and a proponent of high tariffs who is generally opposed to trade deals.Who has more influence? For now, it seems to be Lutnick. Trump’s announcement of a one-month pause on tariffs on cars coming through Canada and Mexico wouldn’t have surprised anyone who heard Lutnick’s comments earlier in the day.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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      Federal Grant Program Opens Door to Elon Musk’s Starlink

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      The Trump administration said on Wednesday that it would overhaul a $42 billion federal grant program aimed at expanding high-speed internet to the nation, including easing some rules that could benefit Elon Musk’s satellite internet service, Starlink.The program will be revamped to “take a tech-neutral approach” in its distribution of funds to states, Commerce Secretary Howard Lutnick said in a statement. The program’s rules, which were created during the Biden administration, previously favored broadband lines made of fiber-optic cables attached to homes.“The department is ripping out the Biden administration’s pointless requirements,” Mr. Lutnick said. The Commerce Department will also remove regulatory and other barriers that slow down construction and connection to households, he added.Congress created the Broadband Equity, Access and Deployment Program in 2021 to extend broadband to the most remote areas of the nation. The Commerce Department came up with standards and rules for states and territories applying for the funds — including the preference for fiber-optic broadband, which provides the fastest internet service speeds.Mr. Musk, who is a close adviser to President Trump and helping to lead a government efficiency initiative, is chief executive of SpaceX, the rocket company that makes Starlink. Starlink uses low-altitude satellites to beam internet service to dishes anywhere on the planet and then to devices. It serves nearly five million subscribers worldwide and was used by emergency responders late last year in North Carolina when communications networks shut down after a hurricane.The Commerce Department’s internet program has not yet disbursed any funds, and Republicans have used it as an example of a program that was slowed down by red tape.Some have accused the Biden administration of unfairly blocking Starlink from the grants and say the satellite service can immediately serve some of the most remote areas of the nation.In 2023, the Federal Communications Commission rejected Starlink’s application for almost $900 million in subsidies in a separate rural broadband program, saying the company failed to show it could meet service requirements for the funding.Brendan Carr, then a Republican F.C.C. commissioner and now chairman of the agency, opposed that decision and said the action had put the F.C.C. on a “growing list of administrative agencies that are taking action against Elon Musk’s businesses.”Mr. Musk’s business interests — which also include the electric-car maker Tesla and the social media company X — have prompted concerns about potential conflicts of interest as he makes important decisions in Washington.On Wednesday, some public interest groups expressed concern that Mr. Lutnick’s plans to change the broadband program could directly benefit Mr. Musk.“Fiber broadband is widely understood to be better than other internet options — like Starlink’s satellites — because it delivers significantly faster speeds,” said Drew Garner, a director of policy engagement for the nonprofit Benton Institute for Broadband & Society.The Commerce Department did not immediately respond to requests for details on the plan. Mr. Musk did not respond to a request for comment. More

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      Trump Picks Another Trade Fight With Canada Over Lumber

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      The president initiated an investigation that could lead to tariffs on lumber imports, nearly half of which comes from Canada.President Trump on Saturday initiated an investigation into whether imports of lumber threaten America’s national security, a step that is likely to further inflame relations with Canada, the largest exporter of wood to the United States.The president directed his commerce secretary, Howard Lutnick, to carry out the investigation. The results of the inquiry could allow the president to apply tariffs to lumber imports. A White House official declined to say how long the inquiry would take.An executive memorandum signed by Mr. Trump ordered the investigation and was accompanied by another document that White House officials said would expand the volume of lumber offered for sale each year, increasing supply and helping to ensure that timber prices do not rise.The trade inquiry is likely to further anger Canada. Some of its citizens have called for boycotts of American products over Mr. Trump’s plans to impose tariffs on all Canadian imports beginning on Tuesday. The president, who also plans to hit Mexico with similar tariffs, says the levies are punishment for failure to stem the flow of drugs and migrants into the United States.Many Canadians have contested Mr. Trump’s assertion that fentanyl is flowing from its country into the United States.Canada and the United States have sparred over protections in the lumber industry for decades. The countries have protected their own industries with tariffs and other trade measures, and argued about the legitimacy of those measures in disputes both under the North American Free Trade Agreement and at the World Trade Organization.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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      With Trump’s Help, Intel Could Hand Control of Chip Plants to TSMC

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      The Silicon Valley giant is trying to cut a deal it hopes would help it pull out of a yearslong slump.Intel, a fallen Silicon Valley icon trying to restore its reputation as America’s most prominent semiconductor company, is working with the Trump administration on a plan to turn over the operation of its chip-making plants to a giant Taiwanese rival.Over the past few months, Frank Yeary, the interim executive chairman of Intel, has spoken with administration officials and leaders of Taiwan Semiconductor Manufacturing Company about a deal that would separate Intel’s ailing manufacturing business from its semiconductor design and product business, according to four people with knowledge of the plan, who spoke on the condition of anonymity.TSMC, which produces an estimated 90 percent of the world’s most advanced semiconductors, would assume control of Intel’s manufacturing business and take a majority stake in the business alongside a consortium of investors that could include private equity firms and other tech companies, the four people said.The Trump administration has encouraged TSMC to do the deal. Howard Lutnick, President Trump’s nominee for commerce secretary, has been involved in the conversations and considers them one of the most consequential challenges of his new job, two of the people familiar with the discussions said.Intel is the only American-owned maker of advanced logic chips and has been at the forefront of U.S. efforts to rev up domestic manufacturing of semiconductors, which are a foundational technology. But Intel has struggled to compete against TSMC. Most of that company’s production is done in Taiwan, which is a strategic risk for the United States because of growing threats from the government of mainland China.Howard Lutnick has been involved in the talks as President Trump’s pick to lead the Commerce Department.Eric Lee/The New York TimesWe 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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      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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      Republicans Would Regret Letting Elon Musk Ax Weather Forecasting

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      One way Donald Trump may try to differentiate his second term from his first is by slashing the federal work force and budget and consolidating and restructuring a host of government agencies.For people who care about weather and climate, one of the most concerning proposals on the table is to dismantle the National Oceanic and Atmospheric Administration. The authors of Project 2025, a blueprint for the administration crafted by conservative organizations, claim erroneously that NOAA is “one of the main drivers of the climate change alarm industry” and should be “broken down and downsized.” An arm of Mr. Trump’s team, the Department of Government Efficiency, to be led by Elon Musk and Vivek Ramaswamy, wants to eliminate $500 billion in spending by cutting programs whose funding has expired. That could include NOAA.With the rising costs of and vulnerability to extreme weather in a changing climate for the United States, dismantling or defunding NOAA would be a catastrophic error. Rather, there is a golden opportunity to modernize the agency by expanding its capacity for research and innovation. This would not only help Americans better prepare for and survive extreme weather but also keep NOAA from falling further behind similar agencies in Europe. While the incoming administration may want to take a sledgehammer to the federal government, there is broad, bipartisan support for NOAA in Congress. It is the job of the incoming Republican-controlled Congress to invest in its future.NOAA was established via executive order in 1970 by President Richard Nixon as an agency within the Department of Commerce. Currently its mission is to understand and predict changes in the climate, weather, ocean and coasts. It conducts basic research; provides authoritative services like weather forecasts, climate monitoring and marine resource management; and supports industries like energy, agriculture, fishing, tourism and transportation.The best-known part of NOAA, touching all of our daily lives, is the National Weather Service. This is where daily forecasts and timely warning of severe storms, hurricanes and blizzards come from. Using satellites, balloon launches, ships, aircraft and weather stations, NOAA and its offices around the country provide vital services like clockwork, free of charge — services that cannot be adequately replaced by the private sector in part because they wouldn’t necessarily be profitable.For most of its history, NOAA has largely avoided politicization especially because weather forecasting has been seen as nonpartisan. Members of Congress from both parties are highly engaged in its work. Unfortunately, legislation introduced by Representative Frank Lucas, Republican of Oklahoma — a state with a lot of tornadoes — that would have helped NOAA to update its weather research and forecasting programs passed the House but languished in the Senate and is unlikely to move forward in this session of Congress. However, in 2025 there is another opportunity to improve the agency and its services to taxpayers and businesses.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