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      Trump’s Tariff Threat Roils Global Markets

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      The dollar gained and investors sold off stocks after the president-elect promised to levy new restrictions on the United States’ biggest trade partners. President-elect Donald Trump’s economic policy is already roiling global markets.Brendan McDermid/ReutersThe other Trump trade Investors and policymakers are getting a dose of Trumponomics déjà vu this morning.Global stocks are falling, and the dollar is climbing. The volatility comes after President-elect Donald Trump’s vow to impose tariffs on the United States’ biggest trading partners — Canada, China and Mexico — on Day 1 in office in an apparent effort to clamp down on the flow of cross-border drugs, like fentanyl, and migrants.The latest:Trump wants to impose 25 percent tariffs on Canada and Mexico “on ALL products coming into the United States,” he said on Truth Social. He also wants an “additional” 10 percent tariff on imports from China, which Trump blames for the fentanyl crisis, a charge that Beijing has repeatedly disputed.The Canadian dollar and Mexican peso fell sharply against the dollar. Europe, Japan and South Korea weren’t even mentioned in Trump’s announcement, but stocks have fallen there, too. That suggests rising fears that a new trade war could scramble global supply chains and dent profits.Automakers are some of the hardest hit stocks, with Volkswagen, Stellantis and Nissan, which run manufacturing operations in Mexico, all down.Today’s losses have reversed some of yesterday’s “Bessent bounce” rally. Investors were relieved after Trump picked Scott Bessent, the market-friendly hedge fund mogul, to run the Treasury Department.But the reverberations show that it’s Trump calling the shots. The president-elect has made no secret of his desire to use tariffs to further his America-first agenda, and he has yet to announce his pick to be U.S. Trade Representative. (Another tariff supporter, Robert Lighthizer, is in the running.)Trump’s latest threats may be just a negotiating tactic. That’s the belief of some Trump backers, including Bill Ackman, the billionaire financier. But they are a reminder of how Trump set off alarm bells across diplomatic channels and international markets during his first term often via social media posts. “Waking up to check the tweets for any policy announcements could become the norm,” Mohit Kumar, an economist at Jefferies, wrote in a note this morning.Prime Minister Justin Trudeau of Canada spoke to Trump about trade and border security after the president-elect’s announcement, The Times reported. China pushed back. “No one will win a trade war,” a spokesman for the Chinese Embassy in Washington said in a statement.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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      Israel Conducts Widespread Strikes Near Beirut

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      As negotiators inch toward a cease-fire deal, the conflict between Israel and Hezbollah in Lebanon has intensified.The Israeli military late on Sunday conducted a heavy barrage of airstrikes on the southern outskirts of Beirut where Hezbollah holds sway, with fighter jets racing across the skies above the Lebanese capital and deafening explosions ringing out for miles.Lebanon’s state-run news agency described the bombardment as a “ring of fire,” with thick, black plumes of smoke seen rising above the city’s skyline.The airstrikes followed a series of sweeping evacuation warnings on Sunday by the Israeli military for the area, known as the Dahiya — more warnings than in any other day this month. They also came as Hezbollah fired about 250 projectiles into Israel on Sunday, one of the group’s largest aerial attacks over the past year.Analysts said that Israel’s ramped up attacks in recent days were intended to pressure Hezbollah into accepting a cease-fire on favorable terms. Hezbollah, however, has shown few signs of backing down, and both sides have pledged to keep up their attacks while negotiations are taking place.There were no immediate reports of casualties from Israel’s strikes late on Sunday. The Dahiya, once a bustling cluster of neighborhoods that are home to hundreds of thousands of people, has been almost entirely emptied in recent weeks because of intense airstrikes.The Israeli military said in a statement late on Sunday that it had struck 12 “command centers” in the Dahiya that it described as belonging to Hezbollah.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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      COP29 Climate Talks Get a Deal on Money, but Only After a Fight

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      The financing plan, which calls for $300 billion per year in support for developing nations, was immediately assailed as inadequate by a string of delegates.Negotiators at this year’s United Nations climate summit struck an agreement early on Sunday in Baku, Azerbaijan, to triple the flow of money to help developing countries adopt cleaner energy and cope with the effects of climate change. Under the deal, wealthy nations pledged to reach $300 billion per year in support by 2035, up from a current target of $100 billion.Independent experts, however, have placed the needs of developing countries much higher, at $1.3 trillion per year. That is the amount they say must be invested in the energy transitions of lower-income countries, in addition to what those countries already spend, to keep the planet’s average temperature rise under 1.5 degrees Celsius. Beyond that threshold, scientists say, global warming will become more dangerous and harder to reverse.The deal struck at the annual U.N.-sponsored climate talks calls on private companies and international lenders like the World Bank to cover the hundreds of billions in the shortfall. That was seen by some as a kind of escape clause for rich countries.As soon as the Azerbaijani hosts banged the gavel and declared the deal done, Chandni Raina, the representative from India, the world’s most populous country, tore into them, saying the process had been “stage managed.”“It is a paltry sum,” Ms. Raina said. “I am sorry to say that we cannot accept it. We seek a much higher ambition from developed countries.” She called the agreement “nothing more than an optical illusion.”Speakers from one developing country after another, from Bolivia to Nigeria to Fiji, echoed Ms. Raina’s remarks and assailed the document in furious statements.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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      How Can the I.C.C. Prosecute Leaders of Israel, Which Is Not a Member?

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      The jurisdiction of the court in The Hague can extend beyond member states.The arrest warrants issued this week by the International Criminal Court for leaders of Israel and Hamas, for crimes it accuses them of committing in Gaza, offer important insights into both the extent of the court’s jurisdiction and the limits of its power.Here is what to know about the court’s legal reach, as it seeks the arrests of Prime Minister Benjamin Netanyahu of Israel; his former defense minister, Yoav Gallant; and the chief of Hamas’s military wing, who may or may not be still alive.Why does the court claim jurisdiction in the case?More than 120 countries have joined an international treaty, the Rome Statute, and are members of the court. The court, based in The Hague, in the Netherlands, was created more than two decades ago to prosecute crimes against humanity, war crimes, genocide and the crime of aggression.The court has accused Mr. Netanyahu and Mr. Gallant of using starvation as a weapon of war, among other charges, in the conflict with Hamas in Gaza. And it accused Muhammad Deif, a key plotter of the Oct. 7, 2023, attack in Israel, of crimes against humanity, including murder, torture, sexual violence and hostage taking.Powerful countries, including Russia, the United States and China, do not recognize the authority of the court. They have not ratified the Rome Statute, do not honor international warrants issued by the court and would not turn over their own citizens for prosecution.Neither Israel nor Gaza are members of the court. But while many nations do not recognize a State of Palestine, the court has done so since 2015, when leaders of the Palestinian Authority, which controls much of the West Bank, signed on.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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      Guard at U.S. Embassy in Norway Accused of Spying for Russia and Iran

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      The Norwegian man was arrested this week in Oslo and ordered jailed pending further investigation in what the authorities called a ‘very serious case.’Authorities in Norway have arrested a Norwegian man who worked as a security guard at the U.S. embassy in Oslo, accusing him of passing sensitive information to Russia and Iran.Under interrogation, the man, identified as Mohamed Orahhou, 27, admitted to collecting and sharing information with an officer from Russia’s domestic intelligence service, the S.V.R., as well as with unspecified Iranian officials, according to Norwegian authorities and Mr. Orahhou’s lawyer.The authorities have not released details about the type of information involved, but on Thursday a court in Oslo, citing the seriousness of the accusations, ordered Mr. Orahhou to be jailed for four weeks pending further investigation. After that, another hearing will be held.“This is a very serious case,” Thomas Blom, an official from Norway’s Police Security Service said in a text message to The New York Times. “We are at the very beginning of a rather extensive investigation.”The arrest comes amid heightened concern over Russian espionage activities in Europe following a spate of arson attacks, vandalism and assaults against individuals, all of which have been linked to Russian operatives. This month, details emerged about an apparent Russian plot to place incendiary devices aboard cargo planes in Europe, and on Thursday, U.S. intelligence officials issued a warning to American defense companies to be vigilant in the face of potential Russian sabotage operations.Last month, Ken McCallum, the chief of Britain’s domestic spy service, MI5, warned that Russian intelligence operatives were on a mission “to generate mayhem on British and European streets.”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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      Russia Supplies Antiaircraft Missiles to North Korea, the South Says

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      Pyongyang has long coveted an advanced air-defense system to guard against missiles and war planes from the United States and South Korea.Russia has supplied North Korea with antiaircraft missiles in return for the deployment of its troops ​to fight in Russia’s war against Ukraine, South Korea’s national security adviser said on Friday.​In recent weeks, North Korea has sent an estimated 1​1,000 troops, some of whom have joined Russian forces in their fight to retake territories occupied by Ukraine in Russia’s Kursk region, according to South Korean and United States officials. It has also sent close to 20,000 shipping containers of weapons to Russia since the summer of 2023, including artillery guns and shells, short-range ballistic missiles and multiple-rocket launchers, South Korean officials have said.In return, North Korea has been widely expected to seek Russian help in modernizing its conventional armed forces and advancing its nuclear​ weapons program and missiles. One of the ​biggest weaknesses of the North Korean military ​has been its poor​, outdated air defense system, while the United States and its allies in South Korea and Japan run fleets of high-tech war planes, ​including F-35 stealth fighter jets.“We understand that Russia has provided related equipment and anti-air missiles to shore up the poor air defense for Pyongyang,” the North Korean capital, ​South Korea’s national security adviser​, Shin Won-shik, ​said in an interview with SBS-TV on Friday.The cooperation between Pyongyang and Moscow came as Kim Jong-un, the leader of North Korea, continued to stoke confrontational rhetoric against the United States and South Korea. In a speech at a military exhibition on Thursday that was reported by state media, Mr. Kim warned that the Korean Peninsula has never faced such risks of nuclear war as now, blaming the tensions on Washington’s “aggressive and hostile” policy.Mr. Shin said Russia was also supplying other military technology to North Korea, including help to improve North Korea’s satellite-launch programs.​ After two failed attempts, North Korea placed its first spy satellite into or​bit last November​, triggering speculation that Russia was behind the success. But in May, a North Korean rocket carrying another military reconnaissance satellite into orbit exploded midair shortly after takeoff.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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      West Bank Settlement Supporters Have Big Hopes for Trump’s Presidency

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      As Donald J. Trump nominates staunch supporters of Israel to key positions, advocacy groups are taking aim at the departing administration’s policies.The Biden administration this week imposed sanctions on more groups and individuals it accuses of having ties to Israeli settlers inciting violence in the occupied West Bank, a last-ditch show of disapproval of Israelis’ annexation of land there before U.S. policy on the issue most likely swings the other way under the next administration.When President-elect Donald J. Trump returns to the White House next year, he could easily revoke the February executive order authorizing the sanctions or, even, some pro-settlement activists hope, use the order to go after Palestinian organizations instead.Texans for Israel, a Christian Zionist group, and several other settler supporters and organizations this month renewed a challenge to President Biden’s order in federal court, arguing that it was being applied unconstitutionally, targeting Jewish settlers and violating the rights of Americans exercising freedom of religion and speech in support of them.The case highlights the growing international controversy over West Bank settlement amid the war in the Gaza Strip and the great expectations of the settler movement and its supporters of another Trump presidency.Israel seized control of the West Bank from Jordan in a war in 1967, and Israeli civilians have since settled there with both the tacit and the explicit approval of the Israeli government, living under Israeli civil law while their Palestinian neighbors are subject to Israeli military law. Expanding Israel’s hold over the West Bank is a stated goal of many ministers in Prime Minister Benjamin Netanyahu’s far-right government.The international community largely views the Israeli settlements as illegal, and Palestinians have long argued that they are a creeping annexation that turns land needed for any independent Palestinian state into an unmanageable patchwork.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 Has the ICC Charged With War Crimes?

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      Prime Minister Benjamin Netanyahu of Israel has joined a short list of sitting leaders charged by the International Criminal Court.The warrant announced against him on Thursday puts Mr. Netanyahu in the same category as Omar Hassan al-Bashir, the deposed president of Sudan, and President Vladimir V. Putin of Russia. As part of their membership in the court, countries are required to arrest people for whom it has issued warrants, though that obligation has not always been observed.Here is a closer look at some of the leaders for whom warrants have been issued by the court since its creation more than two decades ago.Vladimir Putin of RussiaPresident Vladimir V. Putin of Russia, left, with Maria Lvova-Belova, also subject to an I.C.C. arrest warrant, in a photo released by Russian state media.Pool photo by Mikhail MetzelThe court issued an arrest warrant for Mr. Putin in March 2023 over crimes committed during Moscow’s full-scale invasion of Ukraine, including for the forcible deportation of children. A warrant was also issued for Maria Lvova-Belova, Russia’s commissioner for children’s rights.Mr. Putin has since made several international trips, including to China, which is not a member of the court. His first state visit to an I.C.C. member since the warrant was issued was in September, to Mongolia, where he received a red-carpet welcome.Omar Hassan al-Bashir of SudanThe court issued warrants in 2009 and 2010 for Mr. al-Bashir, citing genocide, crimes against humanity and war crimes committed in the western region of Darfur.Omar Hassan al-Bashir, the former president of Sudan, on trial for corruption in Khartoum in 2019.Mohamed Nureldin Abdallah/ReutersThe court has also charged several other Sudanese officials, including a former defense minister, Abdel Raheem Muhammad Hussein, with crimes in Darfur.In 2015, Mr. al-Bashir traveled to an African Union summit in South Africa in defiance of the warrant, but was not arrested.Mr. al-Bashir, 80, was deposed in 2019 after three decades in power, and also faces charges in Sudan related to the 1989 coup that propelled him to power. He could receive the death sentence or life in prison on those charges if convicted.Muammar el-Qaddafi of LibyaCol. Muammar el-Qaddafi, then leader of Libya, was charged by the I.C.C. months before being killed by rebels. He is pictured here in Syria in 2008.Bryan Denton for The New York TimesThe court issued arrest warrants in 2011 for Libya’s then leader, Col. Muammar el-Qaddafi, along with one of his sons and his intelligence chief, accusing them of crimes against humanity during the first two weeks of the uprising in Libya that led to a NATO bombing campaign.Mr. Qaddafi was killed by rebels in Libya months later and never appeared before the court. His son remains at large.William Ruto of KenyaPresident William Ruto of Kenya, center, in Haiti this year. The court brought charges against him in 2011, and dropped them in 2016.Adriana Zehbrauskas for The New York TimesThe court dropped a case in 2016 against William Ruto, then Kenya’s deputy president, who had been charged in 2011 with crimes against humanity and other offenses in connection with post-election violence in Kenya in 2007 and 2008. Mr. Ruto was elected president of Kenya in 2022.Laurent Gbagbo of Ivory CoastThe former president of Ivory Coast, Laurent Gbagbo, was also indicted by the court in 2011 over acts committed during violence after the country’s elections in 2010.Mr. Gbagbo and another leader in Ivory Coast, Charles Blé Goudé, were acquitted in 2021.Laurent Gbagbo, the former president of Ivory Coast, in Abidjan, the capital, last year.Sia Kambou/Agence France-Presse — Getty Images More