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      Why is Donald Trump crashing the US economy? Because he’s high on his own supply of fake news | Jonathan Freedland

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      Not content with shattering the post-1945 international order, which delivered prosperity and power to his country for eight long decades, Donald Trump is seemingly set on destroying the US economy. And he’s doing it because he, and the American right, have lost their ability to grasp reality.Start with the economic vandalism, unfolding in real time and mesmerising to watch. For weeks, you could see the US stock market falling and falling until on Thursday the S&P index passed an unwanted milestone: it stood more than 10% down from the peak it had reached less than a month earlier, a fall that meets the Wall Street definition of a “correction”. In other words, even if the market eventually rallies, this is no blip.The talk now is of a recession and you can tell that Trump himself suspects it’s coming. “I hate to predict things like that,” he said this week. “There is a period of transition because what we’re doing is very big. We’re bringing wealth back to America … It takes a little time.” Did you catch that? The great booster, who campaigned on a promise to turn things around “on day one”, is now adopting the lotus position, talking of “transition” and urging patience.The source of the trouble is not mysterious. It is Trump himself. His actions since taking office less than two months ago have spooked investors. They crave stability but see a president who governs by whim. Those whims can change hourly – imposing a tariff after breakfast only to drop it before lunch. One minute it’s a 50% levy on Canadian aluminium, the next it’s 200% on European wine, only for one or the other to be binned within hours. It keeps Trump in the news, which he loves, but plays havoc with companies that have to plan for the long term. Confronted by chaos, they prefer to wait to see where things settle. That means orders on hold, workers without work, less money in everyone’s pocket.Add in a wild-eyed guy with a chainsaw taking chunks out of a federal bureaucracy that provides services that, for all their Ayn Rand talk of a minimal state, business leaders rely on – whether it’s schools, roads or air traffic controllers to keep planes in the sky – and you can see why the only surging number on Wall Street right now is the one that measures pessimism.To be clear, it’s not just the manic style of Trump and Elon Musk that’s causing alarm. Even if imposed calmly, tariffs are a prosperity killer. Trump may be their biggest advocate, but it’s clear he doesn’t understand how they work. He speaks as if the people paying them will be hated foreigners, the likes of China or Canada forced to pay billions into US coffers. When, in fact, tariffs are a sales tax levied on US consumers who have to pay extra for imported goods. A tariff on foreign cars, say, is not paid by Germany but by an American who buys a BMW. It drives prices up for Americans. When other countries hit back with tariffs of their own, making US products harder to sell, you’re in a trade war that only makes everything worse.Hence the current dread of stagflation, the grim combination of zero growth and rising inflation. The word was born in the Jimmy Carter era, but the Trumpcession will have bonus features all its own. When I spoke to Heather Boushey, who served as an economic adviser to the Biden administration, for the latest Politics Weekly America podcast, she told me that Musk’s supremacy over so much of the federal government, even as he continues to run his own mega-businesses, is having one particular chilling effect. “Companies are looking at this and saying: ‘I can’t compete with an Elon Musk that’s in charge of the regulatory agencies, that’s going to do things only for himself.’ That’s going to stymie investment, it’s going to stymie innovation, and ultimately be terrible for the US economy.”View image in fullscreenBoushey adds that Trump’s US will be less able to weather a recession, because the Trump-Musk cuts are stripping away so much of the infrastructure of support, cutting a combined total of more than $1tn from the Medicaid and food stamps programmes alone. When the storm hits, families will go hungry.It’s bad for the country and bad for Trump politically: the people most dependent on soon-to-be gutted government help such as Medicare or Medicaid are Trump voters. As the impact of the cuts kicks in – national parks closed during the summer, delayed benefits for veterans, a deadly accident, for example, in an area previously safeguarded – many Americans could sour on the president who promised to make their lives better. Especially when they see him go ahead with his signature policy: a $4.5tn tax cut that will massively benefit the very richest.Why, then, is Trump pursuing a course of action that can only damage the country and dent his own standing? The explanation lies in the way Trump sees the world. Which is through a lens clouded by the very phenomenon he once did so much to identify: fake news.For most of the past decade, the focus has been on the likes of Trump and Musk as peddlers of falsehoods. There has been less attention paid to their role as consumers of lies. And yet it’s long been clear that Musk is spending too much time on X and is getting extremely high on his own supply. Witness his credulous swallowing of all kinds of far-right rubbish about Britain.Trump is scarcely any better, believing provable nonsense about Volodymyr Zelenskyy’s poll ratings being in the single digits, when in fact the Ukrainian leader’s numbers are much better than his, to pick just one instance of Trump putting aside the briefings he could have from the world’s best-resourced intelligence agencies and preferring to gobble up internet slop instead.It’s a function of Trump not shifting his core views in decades – he was banging on about tariffs in the 1980s – and being, as Zelenskyy memorably put it, “trapped” in a “disinformation bubble”. It consists of the team of sycophants that now envelops him – the “adults in the room” of the first term are long gone – and whose message is reinforced when he meets the press: note how many of the supposed reporters whom Trump encounters are, in fact, representatives from pro-Trump outlets so slavish they make Fox News look like Edward R Murrow.The result, says one longtime Trump watcher, is that “he’s more sheltered from outside information than he ever has been before”. Like Saddam Hussein in his bunker as US forces approach the palace, he is being told that tariffs made the US rich in the 19th century and will do so again, that Elon Musk is popular and that the people are grateful to their leader, even when the economy is nosediving. Inside the info-bubble, any contrary voice can be dismissed, even if it requires acrobatics to do it. Trump’s latest target is the Murdoch-owned, conservative Wall Street Journal, which dared point out the dangers of a trade war: Trump countered that the “globalist” WSJ was “owned by the polluted thinking of the European Union”. Inside the bubble, there is no room for truth: it must be kept out by lies.For now, and armed with the loudest megaphone on the planet, the US president can keep reality at bay. But eventually, Americans will be able to see with their own eyes and in their own lives what Trump has done to the US and the wider world. Their daily experience will expose him for what he is: a confidence trickster who has made them poorer and less safe. The only question is when.

      Jonathan Freedland is a Guardian columnist

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      Donald Trump threatens 200% tariff on EU wine and champagne

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      Donald Trump has threatened a 200% tariff on wine and champagne from European Union countries, in the latest threat of escalation in the global trade war started by the US president against the country’s biggest trading partners.Trump said in a post on Thursday on his Truth Social platform that the tariffs on all alcoholic products from the bloc would be retaliation for a “nasty” 50% levy on American bourbon whiskey announced by the EU.The EU’s action against bourbon whiskey – due to come into force on 1 April – was itself part of a €26bn ($28bn) response to Trump’s 25% tariffs on steel and aluminium imports, which came into effect on Wednesday.Trump claims the US’s trading partners have taken advantage of the US and that tariffs will help him to bring back jobs – a theory that is roundly rejected by most mainstream economists.The tariffs on the EU, Canada, Mexico and China – and those imposed in retaliation – threaten to tip the US economy into recession, and Trump has admitted there may be a “period of transition” while businesses start producing more in the US.The White House has so far shrugged off the concerns of investors, after his tariff announcements were greeted with heavy stock market sell-offs that have wiped out all of the share price gains since his election in November.Despite starting the trade war, Trump appeared to be infuriated by the EU’s retaliatory measures.He wrote: “If this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES.“This will be great for the Wine and Champagne businesses in the U.S.,” he added.The US already circumvents the protected geographical origin rules on European products – American supermarkets are full of US-made imitations of champagne and other delicacies such as parmesan and gorgonzola.Senior figures in Europe vowed to hold firm. “We will not give in to threats,” the French foreign trade minister, Laurent Saint-Martin, wrote on X. “Donald Trump is escalating the trade war he chose to unleash.”France was “determined to retaliate” and would “always protect our sectors”, he added.Trump wrote on Thursday: “The U.S. doesn’t have Free Trade. We have “Stupid Trade.” The Entire World is RIPPING US OFF!!!” Channeling the former US president Franklin D Roosevelt, he added: “The only thing you have to fear, is fear itself!”In France, independent winemakers represent 60% of the country’s wine production. They are watching closely to see how the dispute plays out. “We’re very prudent at this stage,” said Jean-Marie Fabre, who makes wine in Fitou in the south of France.French winemakers were concerned they could be swept into the broader tariff row, and had feared tit-for-tat measures when the EU announced retaliatory tariffs on some American products, including US whiskey.skip past newsletter promotionafter newsletter promotion“The entire wine sector has been through a succession of crises of different kinds which have already really tested us, including the Covid crisis, inflation, the war in Ukraine and the climate issues,” said Fabre, who is also head of the Independent Winemakers of France. “Winemakers, whatever their size, but particularly small winemakers, have found themselves in a fragile position.”European shares fell on Thursday, amid concerns over the impact of a trade war. France’s Cac 40 index gave up morning gains to fall by 0.3%, while Germany’s Dax index fell by 0.6%.Leading European drinks giants came under pressure. Shares in Pernod Ricard fell almost 4% and Rémy Cointreau declined 3.5%. LVMH, owner of Moët & Chandon, slipped 1.4%.In New York, the benchmark S&P 500 dipped 0.7% after Wall Street opened for trading. Trump’s officials have attempted to brush off days of stock market declines, claiming they are not worried about it.“We’re focused on the real economy,” the treasury secretary, Scott Bessent, said during his latest interview on CNBC news network, a fixture on Wall Street. “I’m not concerned about a little bit of volatility over three weeks.”Trump also repeated a longstanding criticism of the EU, that the trading bloc “was formed for the sole purpose of taking advantage of the United States”, calling it “one of the most hostile and abusive taxing and tariffing authorities in the world”.Ursula von der Leyen, the president of the European Commission, the EU’s executive, said on Wednesday that trade between Europe and the US “brought prosperity and security to millions of people, and trade has created millions of jobs on both sides of the Atlantic”. More

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      EU retaliates against Trump tariffs with €26bn ‘countermeasures’

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      The EU has announced it will impose trade “countermeasures” on €26bn (£22bn) worth of US goods in retaliation after Donald Trump’s tariffs on steel and aluminium imports, escalating a global trade war.The president of the European Commission, Ursula von der Leyen, called the 25% US levies on global imports of the metals “unjustified trade restrictions”, after they came into force at 4am GMT on Wednesday.“We deeply regret this measure,” von der Leyen said in a statement, as Brussels announced it would be “launching a series of countermeasures” on 1 April. “The European Union must act to protect consumers and business,” she added.The commission said it would be targeting industrial products in response, including steel and aluminium, as well as household tools, plastics and wooden goods.In addition, the EU measures will affect some US agricultural products, such as poultry, beef, some seafood, nuts, eggs, dairy, sugar and vegetables, provided they are approved by member states.The retaliatory measures will also entail Brussels reimposing the tariffs on US goods including bourbon whiskey, jeans and Harley-Davidson motorbikes that it introduced during the first Trump term.“We will always remain open to negotiation. We firmly believe that in a world fraught with geopolitical and economic uncertainties, it is not in our common interest to burden our economies with tariffs,” von der Leyen said.France’s European affairs minister, Benjamin Haddad, said on Wednesday that the EU could “go further” in its response to the US tariffs. The measures “are proportionate”, Haddad told TF1 television. “If it came to a situation where we had to go further, digital services or intellectual property could be included,” he said.Britain would not issue its own immediate measures in response to the US tariffs but was going to “reserve our right to retaliate”, a UK minister said.The exchequer secretary to the Treasury, James Murray, told Times Radio the levies were disappointing but “we want to take a pragmatic approach, and we’re already negotiating rapidly toward an economic agreement with the US, with the potential to eliminate additional tariffs”.Asked by Sky News whether Britain’s response to the levies could be called weak in comparison with Brussels, Murray said the UK was in a “very different position than the EU” and does not want to be “pushed off course” as it pursues a trade deal with Washington.“We think the right response is to continue pragmatically, cool-headedly, without a knee-jerk response, but toward our economic agreement that we’re negotiating with the US to secure, because that’s in the best interests of the UK,” he said.skip past newsletter promotionafter newsletter promotionHis comments came after the prime minister, Keir Starmer, said on Tuesday that Britain would not respond with its own counter-tariffs, after last-ditch efforts to persuade Trump to spare British industry from his global tariffs appeared to have failed.The UK steel industry warned that Trump’s tariffs “couldn’t come at a worse time”, and said the move would have “hugely damaging consequences for UK suppliers and their customers in the US”.Gareth Stace, the director general of the trade association UK Steel, called the Trump administration’s move “hugely disappointing”. He said: “President Trump must surely recognise that the UK is an ally, not a foe. Our steel sector is not a threat to the US but a partner to key customers, sharing the same values and objectives in addressing global overcapacity and tackling unfair trade.“These tariffs couldn’t come at a worse time for the UK steel industry, as we battle with high energy costs and subdued demand at home, against an oversupplied and increasingly protectionist global landscape.”The introduction of EU measures came after a day of drama on Tuesday, when Trump threatened to double tariffs on Canadian steel and aluminium in response to Canadian threats to increase electricity prices for US customers.The US president backed off from those plans after the Ontario premier, Doug Ford, agreed to suspend his province’s decision to impose a 25% surcharge on electricity exports to the states of Minnesota, Michigan and New York. More

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      Trump threatens to raise Canadian steel and aluminum tariffs to 50%

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      The looming trade war between the US and Canada escalated on Tuesday as Donald Trump threatened to double tariffs on Canadian steel and aluminum after Canadian threats to increase electricity prices for US customers.On Tuesday morning Trump announced plans to double tariffs on Canadian steel and aluminum from 25% to 50% and once again threatened to annex Canada as retaliation for the province of Ontario’s imposition of a 25% surcharge on electricity exports to several US states, in a dramatic escalation of the trade war between the two ostensibly allied countries.The news set off another stock market sell-off on Wall Street that was tempered when Ontario’s premier, Doug Ford, said he made a deal with the US commerce secretary, Howard Lutnick, to suspend Canada’s 25% tariff on exports of electricity to Michigan, New York and Minnesota after Lutnick agreed to discuss renewing existing trade relations.Incorrectly calling Canada “one of the highest tariffing nations anywhere in the world”, Trump said he had instructed his secretary of commerce to increase levies on the metals due to start Wednesday morning. He also threatened more tariffs on 2 April on the car industry that would “essentially, permanently shut down the automobile manufacturing business in Canada”.Asking rhetorically why the US received electricity from another country, he accused Canada of using energy, “that so affects the life of innocent people, as a bargaining chip and threat” and said “they will pay a financial price for this so big that it will be read about in History Books for many years to come”.After the news that Ontario was suspending its electricity hikes, Trump said he would “probably” reconsider imposing the higher tariffs on Canada.Mark Carney, Canada’s incoming prime minister, called Trump’s latest move “an attack on Canadian workers, families and businesses” and promised to “keep our tariffs on until the Americans show us respect and make credible, reliable commitments to free and fair trade”.The Trump administration was also reportedly preparing on Tuesday to institute a new rule that would require some Canadians staying in the US for more than 30 days to register personal information and agree to fingerprinting, according to Bloomberg. Currently there is largely frictionless travel for citizens between the two countries.The fractious economic battle between the US and Canada has developed even graver undertones as Trump makes increasingly aggressive threats for the US to absorb its northern neighbour. Although at first claiming that he wanted Canada to crack down on fentanyl, Trump has now accused the US ally of underpaying for military protection and incorrectly described the trade imbalance with Canada as a $200bn subsidy from the US.Trump coupled his tariff declaration with openly aggressive language about making Canada “our cherished Fifty First State”, repeating a constant refrain over the last few months. He claimed American statehood for Canada would make “all tariffs, and everything else, totally disappear”, called the border “an artificial line of separation drawn many years ago” and suggested the Canadian national anthem, O Canada, would become a state anthem.The rhetoric has inspired a rare unity among Canadian politicians, with Carney campaigning for Liberal leader on standing up to Trump, and saying to a standing ovation in his acceptance speech on Sunday that “Canada never, ever will be part of America”.Trump’s moves are just the latest in the chaos around the president’s trade policy, amid tumbling stock markets and fears it could trigger a possible US recession.The White House’s strategy so far has been to play down the anxiety on Wall Street, even as stocks waver. After Trump refused to rule out the possibility of a recession in an interview with Fox News over the weekend, the Nasdaq had its worst day on Monday since September 2022, dropping 4%.Shares in US automakers also fell after the announcement, as traders bet that high metal tariffs would drive up costs for the American industrial sector, eating into their profits. Ford Motor dropped nearly 4%, while General Motors dipped by 1.3%. Shares in the carmaker Stellantis – which has several manufacturing facilities in Canada – fell by more than 5%.Price premiums for aluminum on US physical market soared to a record high above $990 a metric ton, Reuters reported.The Ontario premier Ford has said that Trump must take the blame if there is a recession in the US, telling MSNBC on Tuesday: “If we go into a recession, it will be called the Trump recession.”Ford has said in the past that he would be willing to cut off US energy supply from Canada completely in response to Trump’s tariffs.“We will be relentless,” Ford said, adding he would not “hesitate” to shut off electricity exports to the US if Trump continues the trade war.“That’s the last thing I want to do. I want to send more electricity down to the US, to our closest allies or our best neighbors in the world. I want to send more electricity.” But, he said, “Is it a tool in our toolkit? One hundred per cent, and as he continues to hurt Canadian families, Ontario families, I won’t hesitate to do that.”Ford also encouraged American CEOs, who have been largely silent on the trade war and threats to Canadian sovereignty, to speak up. On Tuesday Trump is set to meet with the Business Roundtable, an influential group of business leaders that includes the CEOs of Google, Amazon and JPMorgan.Ford said: “We need those CEOs to actually get a backbone and stand in front of him and tell him, ‘This is going to be a disaster. It’s mass chaos right now.’”The group said in a statement last week that while it supported trade policies that “open markets to US exports, revitalize the domestic manufacturing base and de-risk supply chains”, it called on the White House to “preserve the benefits” of the US-Mexico-Canada Agreement (USMCA), which Trump himself signed in 2020 but has since apparently violated by suddenly imposing steep tariffs on both countries.Tariffs of 25% on steel and aluminum imports were already slated to apply to all countries globally on Wednesday, after Trump announced them last month.Both consumer and business confidence has dropped in the US since Trump entered office.A survey published on Monday in Chief Executive magazine found that CEOs’ rating of the current business climate fell 20% in January, from 6.3 out of 10 – with 1 being “poor” and 10 being “excellent” – to 5, the lowest since spring 2020.
      Meanwhile, consumer confidence measured by the Conference Board found that confidence dropped over 6% in February, its biggest month-to-month drop since August 2021.Trump had not yet spoken with Carney, said the White House press secretary Karoline Leavitt on Tuesday, arguing that the tariffs on Canadian metals “was a retaliatory statement due to the escalation of rhetoric that we’ve seen out of Ontario, Canada”.“I think Canada is a neighbor. They are a partner. They have always been an ally,” she said, adding: “Perhaps they are becoming a competitor now.” More

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      Canada’s designated PM Mark Carney meets with Trudeau as Trump threat looms

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      Canada’s incoming prime minister, Mark Carney, has met with Justin Trudeau as the pair discuss a transfer of power after the former central banker’s landslide victory at the Liberal party’s leadership race.The meeting on Monday sets the stage for an imminent federal election and gives Canada a fresh leader to square off against the United States president, with the two countries locked in a bitter trade war provoked by Donald Trump.Briefly speaking to reporters, Carney said he was “honoured” to receive nearly 86% of the vote, one of the most decisive wins of a party leader in decades.But, the 59-year-old former banker said he had “a lot of wood to chop” as he prepares to assume the reins of a country tearing on the verge of economic calamity.Carney is widely expected to call an election within days, reflecting both the urgency of Canada’s trade war with the United States, and the awkward reality that as prime minister without a seat in parliament, he is unable to attend sessions of the House of Commons.First, however, Trudeau must visit the governor general – the largely ceremonial representative of King Charles – and officially tender his resignation. Carney will then swear oaths of office and allegiance and form a cabinet. This is expected to happen in the coming days.After his meeting with Trudeau, Carney said the transition “will be seamless and it will be quick.’Under Canadian law, an election period must be at least 37 days and no more than 51 days, with the vote falling on a Monday. Party insiders have indicated Canadians will probably vote on 28 April or 5 May.The former governor of the Bank of England and of Canada takes the job of prime minister as Ottawa finds itself at odds with its closest ally and largest trading partner. Last week Trump announced a 25% tax on all Canadian goods, with a carve-out for the automotive and energy sectors. The tariffs have the power to push Canada’s fragile economy into a recession.Carney spent much of his acceptance speech on Sunday evening foreshadowing the theme that will probably define his tenure as prime minister: conflict with the volatile and unpredictable president who has threatened repeatedly to annex Canada.“America is not Canada. And Canada never, ever, will be part of America in any way, shape or form,” Carney told supporters. “We didn’t ask for this fight. But Canadians are always ready when someone else drops the gloves,” Carney said. “So the Americans, they should make no mistake, in trade as in hockey, Canada will win.While the Liberals trail slightly in the polls, Carney’s ascension within the party, and Trudeau’s exit, has dramatically revived their chances of eking out a victory in the next election – a result that was widely seen as unthinkable just weeks ago.Carney, a political novice who has never held elected office, also criticised his main political rival: the Conservative leader, Pierre Poilievre.“Donald Trump thinks he can weaken us with his plan to divide and conquer. Pierre Poilievre’s plan will leave us divided and ready to be conquered,” Carney said. “Because a person who worships at the altar of Donald Trump will kneel before him, not stand up to him.”Carney also suggested Poilievre’s partisan nature was a liability in the existential fight for Canada’s future. “His anger isn’t action. His division isn’t strength. Division won’t win a trade war,” he said.Earlier that evening, Poilievre accused Carney of being “sneaky” at a Sunday evening rally in London, Ontario.“And now our Liberal friends, after they’ve caused all this damage, are going to pull a sneaky trick. They’re going to try to get elected for a fourth term. A fourth term by replacing Justin Trudeau with his economic adviser, Mark Carney,” he said. “Carney’s advice drove up taxes, housing costs and food prices, while he personally profited from moving billions of dollars and thousands of jobs out of Canada to the United States.”Carney’s dominant win outshone most expectations and provides the leader with both a strong mandate and a unified party. He won in all 343 of the Liberal party districts. His closest rival, the former finance minister Chrystia Freeland finished a distant second with only 8% of the vote, and was unable to win the most votes in her own district. More

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      ‘I hate to predict things’: Trump doesn’t rule out US recession amid trade tariffs

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      Donald Trump on Sunday refused to rule out the possibility that the US economy will head into recession this year and that inflation will rise, as his chaotic trade tariffs policy cause uncertainty and market turbulence.The US president predicted that his economic goals would take time and a period of transition to bear fruit. But when asked in an interview with the Fox News show Sunday Morning Futures “are you expecting a recession this year?” he demurred.“I hate to predict things like that. There is a period of transition, because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing. And there are always periods of, it takes a little time. It takes a little time, but I think it should be great for us,” Trump said.When asked whether he thought his tariffs on US imports would fuel inflation, he said: “You may get it. In the meantime, guess what? Interest rates are down.”He downplayed recent stock market volatility that followed his ducking and weaving over tariff policy on exports from Canada, Mexico and China and similar threats to other countries, despite his usual fixation with market performance in relation to the politics of the day and an appetite to claim credit when stocks rise on his watch.“You have to do what’s right,” he said.Last week the Atlanta Federal Reserve suggested that the US economy is on course to contract in the first quarter, triggering fears a recession could hit the world’s largest economy if weakness persisted and fueling stock market jitters.In 2018 Trump posted on Twitter, now X, that “trade wars are good, and easy to win”, a view that is not widely shared by financial and economic experts.On Sunday, however, he was cautious overall after boasting throughout his election campaign of the swift gains his policies would bring for the US economy and ordinary Americans’ finances.Fox News Sunday Morning Futures anchor Maria Bartiromo introduced the topic of recession by telling Trump “look, I know you inherited a mess”, even though most experts agree that predecessor Joe Biden, a Democrat, left the Republican president a stable economy where inflation, although painfully high for a long time, was continuing to come down and international trading conditions for the US were steady.Meanwhile, also on Sunday morning, NBC’s Meet the Press TV politics show was interviewing US commerce secretary Howard Lutnick.He pushed back on concerns that the prospect of Trump’s global tariffs would cause a recession in the US. “Absolutely not,” he said. “There’s going to be no recession in America.”Lutnick added: “Anybody who bets against Donald Trump, it’s like the same people who thought Donald Trump wasn’t going to win a year ago … you are going to see over the next two years the greatest set of growth coming from America … I would never bet on recession, no chance.”

      Reuters contributed reporting More