More stories

  • in

    Mark Zuckerberg Meets With Trump at Mar-a-Lago

    Mark Zuckerberg met on Wednesday with President-elect Donald J. Trump in a rare face-to-face encounter, the latest attempt by the Meta chief executive to establish a positive rapport with Mr. Trump.The meeting, confirmed by three people with knowledge of the matter, was initiated by Mr. Zuckerberg, who has had a strained relationship with Mr. Trump over the past decade. Mr. Trump, who has long maintained that Meta has unfairly restrained him and other conservatives across its social media apps, has lobbed broadsides against Mr. Zuckerberg on social media and during stump speeches.Mr. Zuckerberg flew into West Palm Beach, Fla., on Tuesday evening before joining Mr. Trump at his hotel and club, Mar-a-Lago, on Wednesday, according to the people, who spoke on the condition of anonymity because they were not authorized to discuss the meeting. The two men largely exchanged pleasantries, with Mr. Zuckerberg congratulating Mr. Trump on winning the presidency.After the early afternoon meeting, Mr. Trump and Mr. Zuckerberg planned to have dinner at Mr. Trump’s hotel later that evening, the people said.“It’s an important time for the future of American innovation,” a Meta representative said in a statement. “Mark was grateful for the invitation to join President Trump for dinner and the opportunity to meet with members of his team about the incoming administration.”But Mr. Zuckerberg’s overtures come as the chief executive seeks to insulate Meta — which owns Facebook, Instagram and WhatsApp — from any potential blowback from the incoming administration. Meta has long been a target of conservatives in Washington; some in Congress have called for reining in what they see as censorship of conservative viewpoints. And Mr. Trump has personally called for Mr. Zuckerberg to be jailed in retaliation for “plotting against” him during the 2020 election.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

  • in

    ‘Excelente’: así fue la llamada de Sheinbaum y Trump tras la discusión arancelaria

    La presidenta de México dijo que habló con el presidente electo de EE. UU. sobre temas como migración y seguridad.La presidenta de México, Claudia Sheinbaum, dijo el miércoles por la tarde que tuvo una “excelente conversación” con el presidente electo Donald Trump, aliviando las tensiones pocas horas después de dejar claro que México impondría aranceles de represalia en respuesta a medidas similares anunciadas por Trump.“Tuve una excelente conversación con el presidente Donald Trump”, escribió Sheinbaum en redes sociales. “Abordamos la estrategia mexicana sobre el fenómeno de la migración y compartí que no están llegando caravanas a la frontera norte, porque son atendidas en México”.La actualización de Sheinbaum se produce después de que Trump sacudió las relaciones comerciales con México al decir a principios de esta semana que impondría un arancel de 25 por ciento a todos los productos procedentes del país si las autoridades mexicanas no detenían a los migrantes y las drogas, como el fentanilo, que cruzan la frontera. La medida suscitó preocupación por el posible impacto en la economía de México, que depende del comercio con Estados Unidos.Trump también publicó en las redes sociales sobre la conversación con Sheinbaum, calificándola de “maravillosa” y “productiva.”“Ella ha accedido detener la migración a través de México, y hacia Estados Unidos, cerrando efectivamente nuestra frontera sur”, dijo Trump, aunque Sheinbaum se refirió solo a que las caravanas de migrantes ya no llegan a la frontera con Estados Unidos. “También hablamos de lo que se puede hacer para detener la entrada masiva de drogas a Estados Unidos, y también, el consumo estadounidense de estas drogas”, agregó.Sheinbaum dijo previamente el miércoles: “si llega a haber aranceles, México también subiría aranceles”, dejando clara su postura sobre la posible respuesta de México.Altos funcionarios de su gobierno y figuras destacadas del partido gobernante de México, Morena, también expresaron su apoyo a los aranceles de represalia. El secretario de Economía de México, Marcelo Ebrard, dijo que se podrían perder alrededor de 400.000 empleos en Estados Unidos si Donald Trump impone los aranceles, calificando la medida como un “tiro en el pie”, al participar junto a Sheinbaum en una conferencia de prensa matutina.La presidenta de México no se refirió a los aranceles, ni a las tensiones comerciales en general, en su mensaje sobre su conversación con Trump. En cambio, dijo que ella y Trump también “hablamos de reforzar la colaboración en temas de seguridad en el marco de nuestra soberanía y de la campaña que estamos realizando en el país para prevenir el consumo de fentanilo”. More

  • in

    Inflation Concerns Loom as Trumponomics Revs Up

    Investors are bracing for the latest data as the president-elect’s economic agenda of cutting immigration and taxes, while raising tariffs takes shape.Progress on tamping down inflation has stalled in recent months. Will today’s data show more of the same?David Zalubowski/Associated PressTrump puts inflation on the agenda The inflation risk stalking the markets eased over the summer, but it never really went away. It’s front and center again as investors contend with a Trumponomics crackdown on immigration, a rising trade-war risk and a potential bonanza of tax cuts.An important inflation measure comes out at 10 a.m. Eastern: the Personal Consumption Expenditures index report. It’s the Fed’s preferred inflation gauge and one of the last big data releases of the year that the central bank will consider as it ponders when to lower borrowing costs further. (Next week’s jobs report is another.)Donald Trump’s latest trade threats show how uncertain the outlook could be. Since the president-elect this week vowed to impose tariffs on Canada, China and Mexico — the United States’ three biggest trade partners — analysts have been gaming out the potential impact. Economists fear that it could add bottlenecks and costs to supply chains and reignite inflation, and that it could scramble the Fed’s policy on interest rates.A worst-case scenario from Deutsche Bank economists: that core P.C.E. next year would jump by an additional 1.1 percentage points if the Trump tariffs were fully enacted. Is the tariff talk an opening salvo for trade negotiations, or a fait accompli? That uncertainty can be felt in the $28 trillion market for U.S. Treasury notes and bonds: Yields hit a four-month high this month, though they are down on Wednesday. Yields climb when prices fall, and have been especially sensitive to concerns that fiscal policy could fuel inflation.Here’s what to watch for in Wednesday’s P.C.E.:Core P.C.E., which excludes volatile food and food prices, is forecast to come in at 2.8 percent on an annualized basis. That would be 0.29 percent above September’s reading.Such a rise would represent a second straight month of inflation trending higher, putting the level further above the Fed’s 2 percent target. The report “should show another ‘bump in the road’ on the path to 2 percent inflation,” Veronica Clark, an economist at Citigroup, wrote in an investor note this week.The culprits are thought to be shelter inflation — especially house prices, with mortgage rates soaring — and used car prices, as well as higher portfolio management fees.Futures traders on Wednesday were pricing in roughly 60 percent odds of a Fed rate cut next month. But their calculations have been volatile in recent months, and a surprisingly hot number could cause a shift in thinking once again.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

  • in

    Trump Selects Jamieson Greer as Trade Representative

    President-elect Donald J. Trump on Tuesday picked Jamieson Greer, a lawyer and former Trump official, to serve as his top trade negotiator. The position will be crucial to Mr. Trump’s plans of issuing hefty tariffs on foreign products and rewriting the rules of trade in America’s favor.Mr. Greer is a partner in international trade at the law firm King & Spalding. During Mr. Trump’s first term, Mr. Greer served as chief of staff to Robert E. Lighthizer, the trade representative at the time. He was involved in the Trump administration’s trade negotiations with China, as well as the renegotiation of the North American Free Trade Agreement with Canada and Mexico.Before that, Mr. Greer served in the Air Force, where he was a lawyer who prosecuted and defended U.S. airmen in criminal investigations. He was deployed to Iraq.“Jamieson will focus the Office of the U.S. Trade Representative on reining in the Country’s massive Trade Deficit, defending American Manufacturing, Agriculture, and Services, and opening up Export Markets everywhere,” Mr. Trump said.The position of trade representative has historically been fairly low profile, but it has taken on greater importance under Mr. Trump. In his first term, the office helped wage a trade war against China, imposed substantial tariffs on its products and negotiated a series of trade deals.In his next term, Mr. Trump has promised to again make aggressive use of the government’s authority over trade. On Monday, he said he would impose tariffs on all products coming into the United States from Canada, Mexico and China on his first day in office.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

  • in

    Trump’s Tariff Threat Roils Global Markets

    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

  • in

    Barack Obama’s Big Lesson

    We cover an analysis of the 2024 election. It remains Barack Obama’s most underrated political skill: his appeal to working-class voters, including those who are white.Obama won most voters without a four-year college degree in his two presidential campaigns. Those majorities helped him win Florida, Iowa, Michigan, Ohio, Pennsylvania and Wisconsin in both campaigns. He even won Indiana and North Carolina once.He did so by both speaking to the economic frustration that resulted from years of slow-growing wages and signaling that he, like most Americans, was moderate on social issues. He made clear that he understood people’s anxiety about the speed of cultural change.He talked about “an awesome God” in the 2004 speech that made him a national figure. He rejected sweeping new policies like single-payer health care. He traveled to the University of Notre Dame as president and said he wanted to reduce the number of abortions. He supported civil unions rather than same-sex marriage when most voters felt similarly.He went on MTV and complained about people who wore their pants too low. (“Some people might not want to see your underwear — I’m one of them,” Obama said.) He took a middle ground on immigration, criticizing both family separations and companies that undercut “American wages by hiring illegal workers.”As time has passed, I think some people have forgotten how conservative Obama could sound. This approach sometimes angered progressives. They called him a sellout, a neoliberal and “the deporter in chief.” But Obama was genuinely moderate in some ways. He also hated treating political disagreements as existential and opponents as the enemy.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

  • in

    There Is No Excuse for the Bullying of Sarah McBride

    It’s hard to imagine how terrifying it must be to be a trans person, or the parent of one, in America right now.Donald Trump and his party, having triumphed in an election in which they demonized trans people, seem hellbent on driving them out of public life. Democrats, some of whom blame the party for staking out positions on trans issues that they couldn’t publicly defend, are shellshocked and confused. Democratic leaders have been far too quiet as congressional Republicans, giddy and vengeful in victory, seek to humiliate their new colleague, Representative-elect Sarah McBride, a Democrat from Delaware, by barring her and other trans people from using the appropriate single-sex bathrooms in the Capitol.I say this as someone who has been called a TERF, a contemptuous acronym that stands for Trans-Exclusionary Radical Feminist, more times than I can count. For a decade now, I’ve been trying to balance a belief in the rights of trans people with my skepticism of some trans activist positions. I’ve written with a degree of sympathy about feminists who’ve been ostracized for wanting to maintain women’s-only spaces. I believe that the science behind youth gender medicine is unsettled, and I dislike jargon like “sex assigned at birth” that tries to mystify or elide the reality of biological sex. (Except for rare exceptions, doctors don’t “assign” sex, they identify it.) I care very little about sports, but it seems dishonest to deny that male puberty tends to confer advantages on trans women athletes.Occasionally, I receive angry or plaintive messages from trans people accusing me of helping America down a slippery slope that has brought us to our lamentable present, when discrimination against trans people has been normalized to a degree that recently seemed unthinkable. During Trump’s first presidential campaign, he said his trans supporter Caitlyn Jenner was welcome to use whatever bathroom she wanted at Trump Tower. At the time, North Carolina’s bathroom bill, which resulted in economically painful boycotts of the state, was widely seen as a self-inflicted wound.Eight years later, anti-trans rhetoric was a central part of the Trump campaign; between Oct. 7 and Oct. 20, more than 41 percent of pro-Trump ads promoted anti-trans messages. Over a dozen states now have laws restricting trans people’s access to single-sex bathrooms. In the face of this onslaught against a tiny and vulnerable group of people, there’s pressure on liberals to keep any qualms we might have about elements of progressive gender ideology to ourselves.That’s one reason, despite my interest in sex and gender, I haven’t written about these debates as much as I otherwise might have. But I’m increasingly convinced that this widespread reticence hasn’t served anyone very well. The basic right of trans people to live in safety and dignity, free from discrimination, should be uncontested. But evolving ideas about sex and gender create new complexities and conflicts, and when progressives refuse to talk about them forthrightly, instead defaulting to clichés like “trans women are women,” people can feel lied to and become radicalized.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

  • in

    End of Trump Cases Leaves Limits on Presidential Criminality Unclear

    Donald J. Trump is set to regain office without clarity on the scope of presidential immunity and with a lingering cloud over whether outside special counsels can investigate high-level wrongdoing.The end of the two federal criminal cases against President-elect Donald J. Trump on Monday left momentous, unsettled questions about constraints on criminal wrongdoing by presidents, from the scope of presidential immunity to whether the Justice Department may continue to appoint outside special counsels to investigate high-level wrongdoing.Both cases against Mr. Trump — for his attempt to overturn the 2020 election and his later hoarding of classified government documents and obstruction of efforts to retrieve them — were short-circuited by the fact that he won the 2024 election before they could be definitively resolved.Jack Smith, the special counsel who brought both cases against Mr. Trump, asked courts on Monday to shut them down. The prosecutor cited the Justice Department’s longstanding view that the Constitution implicitly grants temporary immunity to sitting presidents, lest any prosecution distract them from their official duties.The result is not just that Mr. Trump appears set to escape any criminal accountability for his actions. (Mr. Smith left the door open to, in theory, refiling the charges after Mr. Trump leaves office, but the statute of limitations is likely to have run by then.) It also means that two open constitutional questions the cases have raised appear likely to go without definitive answers as Mr. Trump takes office.One is the extent of the protection from prosecution offered to former presidents by the Supreme Court’s ruling this summer establishing that they have a type of broad but not fully defined immunity for official acts taken while in office.The other is whether, when a president is suspected of committing crimes, the Justice Department can avoid conflicts of interest by bringing in an outside prosecutor to lead a semi-independent investigation into the matter.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