Trump, Donald J

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      Trump Officials Take Down List of Federal Properties for Possible Sale

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      On Tuesday, the Trump administration identified more than 440 federal properties that could be sold off, a list that included high-profile buildings like the headquarters of the F.B.I., Department of Justice and the Department of Health and Human Services.By Wednesday morning, the entire inventory had been taken down, replaced by an agency web page that said the list of properties was “coming soon.”The General Services Administration, an agency that manages the federal real estate portfolio, had already revised the list at least once. In the hours after it was published, about 100 properties, including many in the Washington, D.C., area, were removed.The changes stirred up confusion over the Trump administration’s plan to offload a vast amount of federal property. Officials at the General Services Administration said the “disposal” of the buildings could help save hundreds of millions of dollars and ensure that taxpayers do not have to pay for “underutilized federal office space.” But the list swiftly came under criticism by some Democratic lawmakers and others who worried about the potential impact on government services across the country.The agency did not immediately respond to inquiries as to why the list had been removed. More

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      C.I.A. Director Says U.S. Has Paused Intelligence Sharing With Ukraine

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      The C.I.A. director John Ratcliffe said on Wednesday that intelligence sharing with Ukraine had been paused alongside military aid to pressure its government to cooperate with the Trump administration’s plans to end the country’s war with Russia.Speaking on Fox Business, Mr. Ratcliffe applauded the Ukrainian president Volodymyr Zelensky’s statement on Tuesday praising President Trump and insisting that he supported peace with Russia. Mr. Ratcliffe said he thought intelligence sharing would resume.“President Zelensky put out a statement that said, ‘I am ready for peace and I want President Donald Trump’s leadership to bring about that peace,’” Mr. Ratcliffe said. “And so I think on the military front and the intelligence front, the pause that allowed that to happen, I think will go away, and I think we’ll work shoulder to shoulder with Ukraine as we have, to push back on the aggression that’s there.”On Tuesday, after Mr. Trump ordered a halt to military assistance, officials differed on whether the United States was continuing to share intelligence. One official said all intelligence that was not directly related to the protection of Ukrainian troops had been put on hold. Another official said that exception covered most intelligence sharing, and information still was flowing to Ukrainian forces.Mr. Ratcliffe said on Wednesday that Mr. Trump asked for a pause on intelligence sharing. And his comments suggest that the C.I.A. put at least some of its intelligence sharing with Ukraine on hold for a short time.Trump administration officials have said the pauses were a warning to the Ukrainians of the consequences if they did not cooperate with Mr. Trump’s peace plan. The details of those plans remain unclear. Mr. Trump has spoken approvingly of President Vladimir V. Putin of Russia, and his aides have endorsed elements of the country’s ideas for ending the war.But European countries are trying to develop their own plan that could win over both Mr. Trump and Mr. Zelensky. More

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      China’s Economic Plan Is Light on Detail as Trade War Intensifies

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      The country’s top leaders set an optimistic growth target but gave few hints of how to achieve it as their export-led strategy is challenged by rising tariffs on Chinese goods.For months, China has promised to help its people spend more to turn the economy around, while taking few concrete measures.On Wednesday, the country’s top leaders pledged to “vigorously” boost spending but once again offered limited details and little money to back it up.The government’s budget and annual work report, released on the most important day in China’s political calendar, during the meeting in Beijing called the National People’s Congress, set an optimistic target of 5 percent growth but gave scant indication of how the economy would get there without another surge in exports this year. China’s reliance on trade for growth faces fresh challenges as the United States and many other countries have raised tariffs on Chinese goods.“The headwinds remain very strong on growth: The property market hasn’t stabilized and consumer confidence remains low,” said Tao Wang, chief China economist at UBS. “Now we have a fresh wave of tariffs and who knows what else will come. Policy needs to do the heavy lifting.”Here are some key takeaways from China’s budget — and what it means for one of the world’s biggest economies.Beijing to consumers: Spend, spend, spend!China is one of the few places in the world with deflation, an economic condition in which many prices are falling. That might sound appealing to Americans struggling with hefty bills for groceries and other expenses, but it can be a crippling problem: Many companies and households have seen their earnings shrink in recent years. Deflation also raises the cost of debt payments and encourages consumers to put off purchases on the expectation of prices being lower in the future.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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      Gaming Out Trump’s Next Tariff Moves

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      In his address to Congress, the president made clear that his new trade levies were here to stay, acknowledging it might create “a little disturbance.” Analysts forecast what that might look like.President Trump’s tariffs have jolted global markets and the business world, but he has given no indication he’ll retreat on the levies.Doug Mills/The New York Times“A little disturbance” For months, the debate gripping board rooms, Wall Street and world capitals was whether to take President Trump at his word on tariffs. For a while, the markets rallied as if he were just bluffing.He wasn’t. In an address before Congress last night, Trump said that tariffs would protect American jobs and enrich the nation. He also acknowledged that “there will be a little disturbance. But we’re OK with that.”What might a “a little disturbance” look like? DealBook has taken on the task of gaming out what could happen next. (A warning to free-trade advocates: this could be tough reading.)More tariffs are coming, trade experts say. Few countries, or companies, will be spared. For example, if the tariffs on Canada, Mexico and China stick, then Europe will be next. Such a scenario is “unavoidable,” George Saravelos, the global head of FX Research at Deutsche Bank, said in a research note on Tuesday. European companies are already bracing for the next wave.“Trump has appeared to be less amenable to carve-outs in this second term,” David Seif, chief economist for developed markets at Nomura, told DealBook. That could bode poorly, he added, for Britain, whose prime minister, Keir Starmer, met with Trump at the White House last week where a trade deal was discussed. “I don’t think Keir Starmer should just feel safe right now,” Seif said.Expect more market turmoil. “These tariffs would represent a major negative global growth shock, sufficient to push many economies into recession,” Saravelos wrote, adding that it’s time to stop thinking of them as a negotiating tactic. (The recessionary risk for the United States may be remote, but concerns are growing about the tariffs’ potential stagflationary effects.)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 Officials Mark Hundreds of Federal Properties for Potential Sale

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      The Trump administration said on Tuesday that it could sell hundreds of federal properties around the country, including offices for the Social Security Administration, the Internal Revenue Service and the U.S. Mission to the United Nations.Officials at the General Services Administration, an agency that manages the federal government’s real estate portfolio, originally said they had identified more than 440 properties that they could “dispose of” in an effort to ensure that “taxpayers no longer pay for empty and underutilized federal office space.”By Tuesday evening, however, the list of buildings deemed “not core to government operations” had been trimmed to 320 properties, removing a number of high-profile buildings, many of them in Washington, D.C.Federal Properties That Could Be Sold More

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      Canadians and Wayne Gretzky: Anatomy of a Relationship on Thin Ice

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      In tense political times, can “The Great One” be both a Trump supporter and a beloved hero in Canada? Some want him to pick a side. (Preferably the one to the north.)Where have you gone, Wayne Gretzky? A nation turns its lonely eyes to you.In the meantime, a statue of Gretzky would have to do. The puck would drop soon, and outside the main doors to the arena, fans of the Edmonton Oilers swirled around the life-size bronze facsimile of Wayne Gretzky, Canada’s recently tarnished bigger-than-life hero.“I’d like him to be a little more Canadian,” said Rob Munro, a 43-year-old Oilers fan in a 1980s-era Mark Messier jersey. “I’m not anti-Gretzky, by any stretch. It’s just disappointing.”Mr. Gretzky, now 64, has long been frozen as an ideal — the ideal athlete, icon and Canadian. “The Great One,” he is still called, having led the Oilers to four Stanley Cup titles in the 1980s. He has stood as a national avatar for talent and decency for decades. “A true champion and gentleman of dedication and character,” reads a plaque at his bronze skates.Now Mr. Gretzky stands, silently, as a case study for what happens when heroes disappoint — and how quickly even the strongest allegiances can shift when stirred by Trumpian politics.“You were a great Canadian, but now you are not,” said Matthew Iwanyk, chief operating officer and host of Edmonton Sports Talk. “That is the majority sentiment you will get from Edmontonians.”Wayne Gretzky led the Oilers to four Stanley Cup titles in the 1980s, establishing himself as the greatest player in the history of the National Hockey League. David E. Klutho/Sports Illustrated, via Getty ImagesWe 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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      Justice Dept. Signals It Will End Challenge to Idaho Abortion Ban

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      The Trump administration is poised to roll back a Biden-era legal effort to blunt the effects of the overturning of Roe v. Wade.The Justice Department plans to drop a Biden-era challenge to Idaho’s law banning abortion in nearly all circumstances, a move that could end access to most abortions for women in the state whose pregnancy poses serious health risks, according to a court filing on Tuesday.The decision represents one of the first major steps under President Trump to roll back former Attorney General Merrick B. Garland’s efforts to blunt the impact of the Supreme Court’s 2022 ruling overturning Roe v. Wade.The Trump administration plans to “dismiss its claims in the above case, without prejudice” as early as Wednesday, a lawyer with the department’s civil division wrote in an email to lawyers for the state’s largest hospital system.The action would effectively lift a federal appellate court’s hold on parts of the near-total ban, which was passed by the state’s Republican-controlled Legislature in 2020 in anticipation of the nullification of the national right to an abortion.Excerpts from the government’s email were included in a request in Federal District Court by the Boise-based St. Luke’s Health System for a new temporary freeze to give it time to adjust to the law, which bans all abortions other than those required to prevent a woman’s death, or in certain cases of rape or incest.Hospitals in Idaho need the temporary delay “to train their staff about the change in legal obligations” and to arrange logistics “to airlift patients out of state” if they require an abortion rendered illegal in Idaho, wrote Wendy J. Olson, a lawyer for the system.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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      What is Trump’s Crypto Reserve Plan?

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      The prospect of using taxpayer money to stockpile cryptocurrencies in a national reserve has drawn criticism from lawmakers and investors.The crypto market gives and takes: After President Trump’s plan for a national crypto reserve drew backlash from both Republicans and investors, the prices of digital tokens that would be involved soared higher — and then tumbled. (Bitcoin was trading at about $83,800 early on Tuesday, down nearly $10,000 from a day ago.)The plan has spurred a lot of questions about how it would work and the risks that would be involved.How would a national reserve work?Mr. Trump campaigned last summer on creating a federal Bitcoin stockpile and appointed the venture capitalist David Sacks as his crypto czar. Advisers have suggested holding on to any Bitcoin the government has already seized from criminals, recently estimated at about $17 billion.A bill proposed by Senator Cynthia Lummis, Republican of Wyoming, would direct the government to buy about 200,000 Bitcoin a year over five years, for a value of about $90 billion. (To help pay for that, the bill proposes taking $4.4 billion out of the Federal Reserve’s surplus, cutting into the Treasury Department’s coffers.) Of course, the digital token’s prices would probably rise in anticipation of those federal purchases.One unknown is whether Mr. Trump, in the face of divisions among Republican lawmakers on the idea of a reserve, would seek to test legal limits on his authority and create one unilaterally.Would taxpayer money be involved?That prospect drew the most criticism. Joe Lonsdale, a financier and Trump supporter, said it was “wrong to tax me for crypto bro schemes.” Another investor called the proposal an “unforced error” that would “enrich the insiders and creators of these coins at the expense of the U.S. taxpayer.”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