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    Stocks in Asia Fall Sharply, Extending a Rout Caused by Trump’s Tariffs

    Futures on the S&P 500, which allow investors to trade the index before regular trading begins on Monday, added to last week’s sell-off.Financial markets were hit hard by another wave of selling at the start of trading in Asia on Monday, with investors and economists grappling with rising odds of a severe economic downturn caused by President Trump’s significant new tariffs on imports.Trading was extremely volatile. Stocks in Japan plunged over 8 percent, while South Korea tumbled about 5 percent. In Australia, stocks fell more than 6 percent.Over the weekend, analysts circulated notes warning that Asia could be particularly vulnerable to a tit-for-tat exchange of retaliatory tariffs between China and the United States. Many countries in the region, including Japan and South Korea, count both nations as their top trading partners.President Trump doubled down on Sunday evening, saying that he would not ease his tariffs on other countries “unless they pay us a lot of money.” He also dismissed concerns that his steep new taxes on imports will lead to higher prices. “I don’t think inflation is going to be a big deal,” he told reporters on Air Force One.On Friday, China struck back at the United States with a 34 percent tariff on a number of American exports, matching a 34 percent tariff that Mr. Trump imposed on China last week.On Monday, stock benchmarks in Hong Kong and Taiwan plunged about 10 percent when they started trading. Stocks in mainland China were down about half that amount.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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    Judge Calls Mistaken Deportation of Maryland Man a ‘Grievous Error’

    The Trump administration committed a “grievous error” that “shocks the conscience” by inadvertently deporting a Salvadoran migrant to a notorious prison last month and then declaring there was little it could do to bring him back, a federal judge in Maryland said on Sunday.The strongly worded order by the judge, Paula Xinis, served two purposes: It offered a more detailed explanation of a brief ruling she issued on Friday, demanding that the White House bring the migrant, Kilmar Armando Abrego Garcia, back to the United States by the end of Monday. And it rejected a request by the Justice Department to pause the order as a federal appeals court considered its validity.Over 22 pages, Judge Xinis took Trump officials to task for deporting Mr. Abrego Garcia to El Salvador on March 15 in violation of a previous court order that allowed him to stay in the United States. Administration officials then argued that neither they nor she as the judge overseeing the case had any power to retrieve him from the prison.“As defendants acknowledge, they had no legal authority to arrest him, no justification to detain him, and no grounds to send him to El Salvador — let alone deliver him into one of the most dangerous prisons in the Western Hemisphere,” Judge Xinis wrote. “Having confessed grievous error, the defendants now argue that this court lacks the power to hear this case, and they lack the power to order Abrego Garcia’s return.”Moreover, Judge Xinis questioned the administration’s underlying claims that Mr. Abrego Garcia, 29, was a member of a violent transnational street gang, MS-13, which officials recently designated as a terrorist organization. The judge described those claims as being based on “a singular unsubstantiated allegation.”“The ‘evidence’ against Abrego Garcia consisted of nothing more than his Chicago Bulls hat and hoodie,” she wrote, “and a vague, uncorroborated allegation from a confidential informant claiming he belonged to MS-13’s ‘Western’ clique in New York — a place he has never lived.”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 Strikes Kyiv as Ukraine Mourns Deadly Attack on Zelensky’s Hometown

    While Russian missile and drone bombardments have been unrelenting over more than three years of war, they have intensified in recent weeks amid U.S.-led peace talks.Russia bombarded Ukraine with ballistic missiles and drones on Sunday that killed one person and wounded at least seven others, the latest in a series of deadly attacks that President Volodymyr Zelensky of Ukraine has said makes clear Moscow has little real interest in cease-fire negotiations.While Russian drone and missile attacks have been unrelenting throughout more than three years of war, they have intensified in recent weeks amid ongoing peace talks led by the Trump administration.The Ukrainian authorities said the barrage on Sunday killed one man, damaged buildings and started fires in three neighborhoods of Kyiv, the capital. Damage and injuries were also reported elsewhere in Ukraine, as the country declared a day of mourning for a deadly strike on Friday in the city of Kryvyi Rih in central Ukraine.A missile strike on a residential neighborhood there killed 19 people, including nine children, and wounded 74 others. It damaged the courtyard of an apartment block, and emergency medical workers found some of the wounded in a playground, videos released by Ukraine’s emergency services showed. Russia’s ministry of defense said the missile hit a gathering of Ukrainian and foreign military personnel.A makeshift memorial at the site of Friday’s deadly strike in Kryvyi Rih, Ukraine, the hometown of President Volodymyr Zelensky.Violeta Santos Moura/ReutersThough he has expressed support for the Trump administration’s efforts to secure a cease-fire, Mr. Zelensky was critical of the tepid U.S. response to the attack on Kryvyi Rih, his hometown.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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    Forget the Signal Chat. The U.S. Strike on the Houthis Was a Necessary Blow to Pressure Iran.

    It’s unfortunate that the recent uproar over the use of the Signal messaging app by senior leadership in the Trump administration has obscured the importance of the event they were discussing: a strike against the Houthis on March 15. The attack marked the beginning of a necessary military campaign and a potential turning of the page for the United States in the Middle East.The Biden administration mostly chose to ignore the growing threat to world commerce posed by the Houthis, an Iran-backed group that President Trump has designated a terrorist organization. Its responses were telegraphed and thoroughly watered down to avoid any possibility of escalation by Iran, and, concomitantly, any lasting damage to the Houthis. As a result, the impact on the group was ephemeral at best.It’s important to know that striking the Houthi position in Yemen serves United States interests first and foremost. By trying to assure safe passage through Bab el-Mandeb, the strait that leads into the Red Sea and is critical to international shipping routes, we’re doing much more than simply aiding European commerce. Instead, we’re pursuing several broader goals: First, we’re asserting the importance of free passage on the global commons; we are the world’s greatest maritime nation, and the concept of uncontested transit is fundamental to our security. Second, China is watching us, and will draw conclusions from our actions with Yemen about what we will or will not tolerate happening to Taiwan.Finally, striking the Houthis weakens the one still-fully functional arm of Iranian malfeasance in the region. Hezbollah, Syria and even Hamas are already significantly degraded; now the Houthis, too, are under attack for their reckless actions.Meaningful success will not come easily. Using air power alone to defeat militias has traditionally been difficult. In this case, though, there’s a distinction that has been overlooked by many critics: The goal is not to eliminate the Houthis, or create good governance. Instead, it is to force them to cease using high-technology missiles and drones to attack ships at sea. This is a much narrower and more achievable mission. The Houthi attacks have an electronic and visual signature that is uniquely discoverable, and it plays into our high-tech approach.It is quite likely that the Houthis will use the Yemeni population as human shields, just as Hamas has done with civilians in Gaza. This means that despite our very best efforts, there will be civilian casualties. Those are regrettable, and our forces will work hard to minimize them, even as the Houthis will almost certainly work to maximize both the actual casualties and the anti-American messaging about them.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 Administration Revokes Visas of South Sudanese in Clash Over Deportees

    Secretary of State Marco Rubio said on Saturday that he was revoking the visas of all South Sudan passport holders because the country’s transitional government had refused to accept in a “timely manner” citizens who were being deported by the Trump administration.Mr. Rubio also said in a social media post that he would “restrict any further issuance to prevent entry” of South Sudanese, blaming the “failure of South Sudan’s transitional government” to accept the repatriations. In a statement issued through the State Department, Mr. Rubio said, “we will be prepared to review these actions when South Sudan is in full cooperation.”Mr. Rubio’s action is similar to one that President Trump announced in late January, when he threatened Colombian officials with revocation of their visas and tariffs on the country’s exports because they were refusing to accept U.S. military flights with Colombian deportees. In that case, Colombia reversed its decision quickly.The decision by Mr. Rubio to approve such a sweeping action on the visas of South Sudanese travelers and immigrants is a further sign of the Trump administration’s intense focus on trying to deport as many foreign citizens from the United States as quickly as possible, an action that Mr. Trump promised he would take while on the campaign trail.Some of the potential deportees have filed lawsuits against the Trump administration, and several judges have issued temporary restraining orders as a result.Officials in South Sudan could not immediately be reached for comment late Saturday.Lucas Guttentag, a former Justice Department official during the Biden administration, called the move “another example of damning individuals based on nationality and upending the lives of innocent and law abiding visa holders instead of engaging in meaningful diplomacy.”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 Family’s Cash Registers Ring as Financial Meltdown Plays Out

    The party was on at a Saudi-backed LIV Golf tournament at the president’s Doral resort in Florida and a fund-raiser at Mar-a-Lago, even as markets tumbled.The financial market meltdown was underway when President Trump boarded Air Force One on his way to Florida on Thursday for a doubleheader of sorts: a Saudi-backed golf tournament at his family’s Miami resort and a weekend of fund-raisers attracting hundreds of donors to his Palm Beach club.It was a fresh reminder that in his second term, Mr. Trump has continued to find ways to drive business to his family-owned real-estate ventures, a practice he has sustained even when his work in Washington has caused worldwide financial turmoil.The Trump family monetization weekend started Thursday night, as crowds began to form at both the Trump National Doral resort near Miami International Airport, and separately at his Mar-a-Lago resort 70 miles up the coast.Mr. Trump landed on the edge of one of the golf courses in a military helicopter — just in time for a dinner at Doral. The next day, LIV Golf, the breakaway professional league backed by Saudi Arabia’s sovereign wealth fund, was scheduled to hold a tournament at the course for the fourth time.On Thursday at Mar-a-Lago, hundreds of guests gathered for the American Patriots Gala, a conservative fund-raiser that featured Homeland Security Secretary Kristi Noem and President Javier Milei of Argentina, who told his supporters back home that he was hoping to catch up with Mr. Trump while there, seemingly unaware that Mr. Trump was double-booked at two of his family properties that night.And that was just the weekend’s lead-up.Mr. Trump ordered a new set of global tariffs on Wednesday from the White House using his trademark Sharpie pen, a version of which is on sale at Mar-a-Lago for $3.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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    Netanyahu Will Meet Trump in Washington

    Prime Minister Benjamin Netanyahu of Israel is set to meet with President Trump at the White House on Monday, according to a White House official, in the second such visit by the Israeli leader since the new administration began in January.Mr. Netanyahu will arrive in Washington after renewing Israel’s military campaign against Hamas in Gaza late last month, despite efforts by Mr. Trump’s aides to broker a new truce to stop the fighting there and free more hostages.A spokesman for Mr. Netanyahu did not respond to a request for comment. The Israeli prime minister has been in Hungary on a state visit, where he met with the country’s leader, Viktor Orban.During Mr. Netanyahu’s last visit, Mr. Trump described a vision for Gaza that involved a U.S. takeover and the mass exit of Palestinians from the enclave. Mr. Netanyahu has since issued a call for what he calls voluntary emigration by Gazans, which critics have denounced as effectively forced displacement.Israeli forces have been steadily bombarding Gaza and advancing deeper into the enclave since the war resumed in late March. Israel has also barred aid from entering Gaza in an apparent attempt to pressure Hamas, leading to fears of a worsening humanitarian crisis for Gaza’s civilians.The Trump administration has thrown its weight behind Israel, blaming Hamas for the return to fighting. Hamas has accused Israel of overturning the cease-fire that Mr. Trump’s aides had helped broker. More