Presidential Election of 2024

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    Are Trump’s Tariffs Inevitable?

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    World leaders and C.E.O.s are struggling to convince President-elect Donald Trump to shift his position on imposing new levies against America’s trade partners and its rivals.Advisers for Donald Trump are telling businesses to take the president-elect at his word on tariffs.Doug Mills/The New York TimesUnyielding on tariffs Investors appear largely unfazed by President-elect Donald Trump’s tough talk on tariffs, with the S&P 500 up more than 5 percent since Election Day.But world leaders and C.E.O.s are worried he could disrupt global trade and pummel profits — and feel they’re making little headway in warning him of the consequences.Companies have stepped up their lobbying to persuade Trump to go easy on tariffs, according to The Wall Street Journal. The president-elect warned last month that he would impose 25 percent levies on the country’s biggest trading partners, Canada and Mexico, if they didn’t tighten their borders and stem the flow of illegal migration to the U.S.In subsequent social media posts, he went after China and BRICS countries, too.Trump’s team is warning businesses to take him at his word on tariffs, The Journal reports. That suggests that Trump, who has called tariffs “the most beautiful word in the dictionary,” isn’t merely using tariff warnings as an opening salvo in trade negotiations.It also calls into question how much say Jamieson Greer, Scott Bessent, Howard Lutnick and Marco Rubio — Trump’s picks for trade representative, and to run the Treasury, Commerce and State departments — will have in shaping Trump’s trade policy if his mind is already made up.Trump conceded that he “can’t guarantee” tariffs won’t hit consumers hard. That’s a concern among economists and big companies such as Walmart and Costco, who fear that levies could lead to price rises. This earnings season, analysts have been peppering corporate leaders about how tariffs might affect their 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

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      Don’t Cut an Agency So Vital to Our Health

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      More from our inbox:Needed: More Maternity WardsRacial Inequities in the Overdose CrisisVet the Presidential CandidatesTech Tycoons in ChargeA building on the N.I.H. campus in Bethesda, Md. The agency comprises 27 institutes and has a budget of $48 billion.Hailey Sadler for The New York TimesTo the Editor:Re “Long Government’s ‘Crown Jewel,’ Health Institute Is Becoming a Target” (news article, Dec. 3):Your article describes the National Institutes of Health as a “crown jewel” of the federal government based on its track record of success in driving medical and health research and innovation. The article also captures the longstanding bipartisan support for the agency and its work.When asked in a national survey we commissioned this year, Americans of all political persuasions expressed their support for federally funded research:Eighty-eight percent of Americans agree that basic scientific research is necessary and should be supported by the federal government.Some 62 percent would be willing to pay $1 per week more in taxes to support additional medical and health research.And 89 percent say it is important that the U.S. is a global leader in research to improve health.Continuing to treat the N.I.H. as a top national priority is a strategy that will spur new treatments and cures for the health threats facing our population. It will also drive U.S. business and job growth across the life science, technology, manufacturing and service sectors that in the end will keep us globally competitive.Mary WoolleyNew YorkThe writer is the president and C.E.O. of Research!America.To the Editor:The suggestion to cut infectious disease funding displays dangerous historical amnesia. Just as the 1918-20 flu pandemic killed millions of people globally, Covid-19’s emergence in 2020 demonstrated how quickly a novel pathogen can upend society. While vaccines helped curb Covid-19’s impact, we face an equally urgent crisis: antibiotic resistance.Currently, drug-resistant bacteria infect over two million Americans annually, causing more than 20,000 deaths. Without sustained funding and research, projections show antimicrobial resistance could cause 10 million annual deaths globally by 2050.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. Will Allow California to Ban New Gas-Powered Cars, Officials Say

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      California and 11 other states want to halt the sale of new gas-powered cars by 2035. President-elect Donald Trump is expected to try to stop them.The Biden administration is expected in the coming days to grant California and 11 other states permission to ban the sale of new gasoline-powered cars by 2035, one of the most ambitious climate policies in the United States and beyond, according to three people briefed on the matter, who spoke on the condition of anonymity because they were not authorized to discuss it publicly.President-elect Donald J. Trump is expected to revoke permission soon after taking office, part of his pledge to scrap Biden-era climate policies. “California has imposed the most ridiculous car regulations anywhere in the world, with mandates to move to all electric cars,” Mr. Trump has said. “I will terminate that.”The state is expected to fight any revocation, setting up a consequential legal battle with the new administration.“California has long led the nation in pioneering climate policies and innovation,” said Gov. Gavin Newsom, a Democrat, earlier this year. “Those efforts will continue for years to come.”He has described the ban as the beginning of the end for the internal combustion engine.Under the 1970 Clean Air Act, the Environmental Protection Agency has for decades allowed California, which has historically had the most polluted air in the nation, to enact tougher clean air standards than those set by the federal government. Federal law also allows other states under certain circumstances to adopt California’s standards as their own.The waiver can be used to rein in toxic, smog-causing pollutants like soot, nitrogen dioxide and ozone that lead to asthma and lung disease. But California officials have also been using the waiver to curb greenhouse gases like carbon dioxide, a chief cause of global warming. Gas-powered cars and other forms of transportation are the biggest source of carbon dioxide generated by 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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      Meet Rep. Greg Casar, the Texas Millennial Trying to Rebrand the Democrats

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      “We can’t bring a policy book to a gunfight,” said Representative Greg Casar of Texas, the incoming chair of the Congressional Progressive Caucus.Ever since they lost big in November, Democrats have talked about how much their party needs to change.Representative Greg Casar is living it.Last week, Casar, a 35-year-old Democrat from Austin, Texas, was elected as the chair of the Congressional Progressive Caucus, becoming the youngest person ever tapped to lead the group of liberals at a moment when his party is struggling with younger voters. He’s also the first leader from Texas, a state Democrats find perennially vexing.Casar, a former union organizer, will be tasked with leading progressives through a challenging period, one that has some Democrats blaming them for tugging the party too far to the left. He believes it was centrists like Joe Manchin, the former Democrat and departing senator from West Virginia, who caused the party to water down policies that could have galvanized working-class voters. But he says progressives need to shift their message, too.I spoke by phone with Casar this week, for the second in my series of interviews with Democrats grappling with how to move the party forward. Our conversation was edited for length and clarity.JB: Why should somebody from a red state lead progressive Democrats?GC: Right now, the Democratic Party is doing really important soul-searching. As we work to regain working-class voters’ trust, as we work to bring Democrats back into the fold that decided to vote for Trump this time, I think it’s really important that progressives build a big tent.It is important for the Democratic Party leadership to be as diverse as the voters that we’re trying to bring in. We need older leadership. We need younger leadership, leadership from the South. We need leadership from the coast, but we can’t have it all from the coast.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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      Democrats Argue That the 2024 Election Actually Had Its Bright Spots

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      Some leaders have begun to put a sunnier spin on the November outcome by pointing to down-ballot victories — a possible sign that Democrats may not tear down their party after all.For most Democrats, losing to Donald J. Trump was a devastating gut punch that sent them hurtling into the political abyss.But to hear some party leaders and their allies talk, Democrats had plenty of November victories to be proud of.Jaime Harrison, the chairman of the Democratic National Committee, wrote a 2,600-word memo to party members last week that pointed to down-ballot triumphs and declared, “Democrats beat back global headwinds that could’ve turned this squeaker into a landslide.”Representative Hakeem Jeffries of New York, the House Democratic leader, wrote in a statement recently that his caucus had “defied political gravity,” a reference to the newly released “Wicked” movie that was soon echoed by Senator Amy Klobuchar, the Minnesota Democrat.And further down the ballot, the Democratic Legislative Campaign Committee wrote in its year-end report that the party’s successes in statehouse races represented “one of the most shocking election results in modern history” — even though Democrats lost majorities in chambers in Michigan and Minnesota.These sunny-side-up views of the election serve as something of an antidote to the notion that Democrats, humbled by their 2024 mistakes, are about to begin rebuilding their party from the ground up.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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      Amazon planea donar 1 millón de dólares al fondo de investidura de Trump

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      La decisión forma parte de un patrón en el que empresas tecnológicas están tomando medidas para reparar sus relaciones con el presidente electo.Amazon dijo el jueves que tenía previsto donar un millón de dólares al fondo de investidura del presidente electo Donald Trump, como parte de un patrón en el que las empresas tecnológicas y sus dirigentes están tomando medidas para reparar sus relaciones con Trump.Meta, la empresa matriz de Facebook, dijo el miércoles que iba a donar un millón de dólares al fondo de investidura, apenas unas semanas después de que Zuckerberg se reuniera con Trump en Mar-a-Lago.Amazon y su fundador, Jeff Bezos, quien también es propietario de The Washington Post, han tenido una historia turbulenta con Trump. Trump había albergado durante mucho tiempo frustración con Bezos por los reportajes de The Washington Post. Durante su primer gobierno, Trump también cuestionó que el Servicio Postal de Estados Unidos concediera a Amazon un trato preferencial, y Amazon acusó a Trump de presionar indebidamente al Pentágono para que denegara a la empresa un importante contrato de computación en la nube.Pero durante el verano, Bezos habló con Trump después de que el expresidente fuera tiroteado en un acto de campaña, y en las redes sociales elogió la “gracia y valentía de Trump bajo fuego literal”. Más recientemente, Bezos ha dicho que se siente “muy optimista” sobre el próximo gobierno de Trump.En la Cumbre DealBook celebrada en Nueva York el 4 de diciembre, Bezos dijo que Trump “parece tener mucha energía en torno a la reducción de la regulación. Y mi punto de vista es que, si puedo ayudarlo a hacerlo, lo ayudaré, porque tenemos demasiada regulación en este país”.Amazon también dijo que retransmitiría en directo la toma de posesión el mes que viene, como ya ha hecho con las anteriores. The Wall Street Journal ya había informado de la donación.Trump dijo el jueves que Bezos, quien preside el consejo de administración de Amazon, se reuniría con él la próxima semana. Trump dijo que quería obtener ideas de Bezos y de otros líderes tecnológicos.Los regalos a los comités de investidura, que no tienen límites de contribución, son populares entre las empresas y los particulares deseosos de ganarse el favor de un gobierno entrante. El comité de investidura de Trump ofrece beneficios de alto nivel a los donantes que contribuyan con un millón de dólares.Amazon donó 57.746 dólares al comité de investidura de Trump en 2017, según OpenSecrets, que realiza un seguimiento de las donaciones políticas. La empresa dijo que la campaña de Joe Biden no aceptó donaciones de empresas tecnológicas en 2020.Karen Weise escribe sobre tecnología y reside en Seattle. Su cobertura se centra en Amazon y Microsoft, dos de las empresas más poderosas de Estados Unidos. Más de Karen WeiseMaggie Haberman es corresponsal política sénior e informa sobre la campaña presidencial de 2024, las contiendas electorales en todo Estados Unidos y las investigaciones sobre Trump. Más de Maggie Haberman More

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      The Fed Is Stuck Fighting the Last War

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      Mired in a battle to contain surging prices, the central bank also needs to be nimble enough for the economic downturns to come, our columnist says.The battle against inflation during the Biden years is almost behind us. But we’re in danger of learning the wrong lessons from it.The Federal Reserve, holding its last meeting of the year this coming week, has been fighting runaway consumer prices for nearly three years. So far, at least, it has managed an unusual feat: The rate of inflation has dropped sharply from its peak and there has been no recession.Yet the Fed is stuck in a difficult place. With prices still rising faster than the central bank’s 2 percent target, the incoming Trump administration will be hypersensitive about inflation, which was a decisive factor in the November elections. At the same time, the new administration’s policies on tariffs and immigration could set off another inflation surge. So the Fed must remain acutely vigilant on the inflation front.But it will have to keep experimenting, to be ready for the curve balls coming from future recessions. Some economists believe the Fed would gain flexibility if it reconsidered its 2 percent inflation target, though they say the central bank can’t take that step now because it is under too much pressure to preserve its own institutional independence.Still, a single-minded focus on inflation could leave the Fed without the right tools for coping with economic downturns ahead.The Fed’s predicament reminds me of a general who is endlessly fighting the last war — conscientiously dissecting the tactics of recent battles and failing to prepare properly for the next ones.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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      Amazon Plans $1 Million Donation to Trump’s Inaugural Fund

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      Amazon said on Thursday that it was planning to donate $1 million to President-elect Donald J. Trump’s inaugural fund, part of a pattern in which tech companies and their leaders are taking steps to repair their relationships with Mr. Trump.Meta, the parent company of Facebook, said on Wednesday that it was putting $1 million into the inaugural fund, just weeks after Mr. Zuckerberg met with Mr. Trump at Mar-a-Lago.Amazon and its founder, Jeff Bezos, who also owns The Washington Post, have had a rocky history with Mr. Trump. Mr. Trump had long harbored frustration with Mr. Bezos over reporting in The Washington Post. During his first administration, Mr. Trump had also questioned whether the U.S. Postal Service gave Amazon a sweetheart deal, and Amazon accused Mr. Trump of improperly pressuring the Pentagon to deny the company a major cloud computing contract.But over the summer, Mr. Bezos spoke with Mr. Trump after the former president was shot at a campaign event, and on social media he praised Mr. Trump’s “grace and courage under literal fire.” More recently, Mr. Bezos has said that he is “very optimistic” about the incoming Trump administration.At the DealBook Summit in New York on Dec. 4, Mr. Bezos said that Mr. Trump “seems to have a lot of energy around reducing regulation. And my point of view is, if I can help him do that, I’m going to help him, because we do have too much regulation in this country.”Amazon also said it would livestream the inauguration next month, as it has done with previous inaugurations. The donation was previously reported by The Wall Street Journal.Mr. Trump said on Thursday that Mr. Bezos, who chairs Amazon’s board, was meeting him next week. Mr. Trump said he wanted to get ideas from Mr. Bezos and other tech leaders.Gifts to inaugural committees, which do not have contribution limits, are popular among businesses and individuals eager to curry favor with an incoming administration. Mr. Trump’s inaugural committee is offering top-tier benefits to donors who contribute $1 million.Amazon gave $57,746 to Mr. Trump’s 2017 inaugural committee, according to OpenSecrets, which tracks political donations. The company said the Biden campaign did not accept donations from tech companies in 2020. More

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      Donald Trump Is Time’s Person of the Year

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      President-elect Donald J. Trump, who has both derided Time magazine and pined for its approval, was named the publication’s person of the year on Thursday.Mr. Trump also received the title in 2016, after his first presidential election victory, and now joins a group of 16 people who have been chosen more than once. The club includes the last three two-term presidents: Bill Clinton, George W. Bush and Barack Obama. (Franklin D. Roosevelt is the only person to have been given the title three times.)Sam Jacobs, Time’s editor in chief, wrote in the magazine that the choice was not a difficult one: “On the cusp of his second presidency, all of us — from his most fanatical supporters to his most fervent critics — are living in the Age of Trump.”Mr. Trump, who rang the opening bell at the New York Stock Exchange on Thursday morning, has had a tempestuous relationship with Time. After being named person of the year in 2016, he described the magazine as a “very important” publication and said it had granted him a “tremendous honor.”But Mr. Trump, who had won a polarizing presidential race in which he lost the popular vote, bristled at Time’s cover, which described him as “president of the divided states of America.”“I didn’t divide,” he objected in an interview with Matt Lauer on NBC’s “Today” show, adding: “We’re going to put it back together. And we’re going to have a country that’s very well healed.”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