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      Scott Bessent Accuses IMF and World Bank of ‘Mission Creep’

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      Treasury Secretary Scott Bessent on Wednesday called for major overhauls to the missions of the International Monetary Fund and the World Bank but said that the United States remained committed to maintaining its leadership role at the global economic institutions.The comments, made at a speech on the sidelines of the spring meetings of the I.M.F. and the World Bank, come at a moment of concern among policymakers that the Trump administration could withdraw the United States entirely from the fund and the bank.The United States has upended the global trading system in recent months, and the views of the Trump administration on climate change, international development and economic equity are often at odds with those of the other nations that are shareholders in the global institutions.The speech came a day after the I.M.F. downgraded its outlook for growth globally and in the United States as a result of President Trump’s punishing tariffs. Trade tension between the United States and China, the world’s largest economies, threaten to weigh on output this year and next.In his remarks, Mr. Bessent defended the Trump administration’s trade actions and called for China to curb economic practices that he said were destabilizing international commerce. He noted that the United States was actively engaged in trade talks with dozens of countries and expressed optimism that these negotiations would help rebalance the world economy and make the global trading system more fair.It remains unclear when, or if, the United States and China will begin to engage in talks. Mr. Trump has said he expects to speak with Xi Jinping, China’s leader, but no formal conversations have been scheduled.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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      Tariffs on China Aren’t Likely to Rescue Battered U.S. P.P.E. Industry

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      The few domestic companies that still make protective gear for health care workers have clamored for federal intervention. But they worry President Trump’s trade war with China won’t help.Few domestic industries have been as devastated by the flood of cheap Chinese imports as manufacturers of face masks, exam gloves and other disposable medical gear that protects health care workers from infectious pathogens.The industry’s demise had calamitous consequences during the Covid pandemic, when Beijing halted exports and American hospital workers found themselves at the mercy of a deadly airborne virus that quickly filled the nation’s emergency rooms and morgues.But as President Trump unveiled his tariff regimen earlier this month, and Beijing retaliated with an 84 percent tax on American imports, the few remaining companies that make protective gear in the United States felt mostly unease.“I’m pretty freaked out,” said Lloyd Armbrust, the chief executive of Armbrust American, a pandemic-era startup that produces N95 respirator masks at a factory in Texas. “On one hand, this is the kind of medicine we need if we really are going to become independent of China. On the other hand, this is not responsible industrial policy.”The United States once dominated the field of personal protective equipment, or P.P.E. The virus-filtering N95 mask and the disposable nitrile glove are American inventions, but China now produces more than 90 percent of the medical gear worn by American health care workers.Despite bipartisan vows to end the nation’s dependency on foreign medical products — and to shore up the dozens of domestic manufacturers that sprung up during the pandemic — federal agencies and state governments have resumed their reliance on inexpensive Chinese imports. Earlier this year, when California purchased millions of N95 masks for those affected by the Los Angeles wildfires, it chose masks made in China.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. Says Tren de Aragua Charges Will ‘Devastate’ Its Infrastructure

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      Federal prosecutors charged six members of the Venezuelan gang and 21 members of a violent splinter group.New York City’s mayor and police commissioner and a top White House immigration official announced on Tuesday two indictments charging 27 people they said were linked to Tren de Aragua, a gang that the Trump administration has said poses a unique threat to America.“Tren de Aragua is not just a street gang — it is a highly structured terrorist organization that has destroyed American families with brutal violence,” Attorney General Pam Bondi said in a news release touting the charges, adding that the arrests “will devastate TdA’s infrastructure” in three states.Six defendants were named as members or associates of Tren, which the Trump administration has designated as a foreign terrorist organization. The other 21 people, prosecutors said, had broken away to join a violent splinter group called anti-Tren.Still, officials argued, in displaying dozens of seized handguns and rifles, the existence of both groups showed Tren de Aragua’s singular harm. Members of the gangs had engaged in murders and assaults, sex trafficking and human smuggling, according to the indictments.At a news conference, Thomas D. Homan, whom President Trump appointed as “border czar,” said the indictments showed the necessity of his immigration policies.“New York City — you’re a sanctuary city, you’re sanctuary for criminals,” said Mr. Homan, the so-called border czar.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 Continues to Defy Judge’s Orders in Abrego Garcia Case, Lawyers Say

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      Continuing a pattern of stonewalling, the Justice Department has defied a judge’s order to explain what the Trump administration has done, and plans to do, to seek the release of a Maryland man who was wrongfully deported to El Salvador last month, according to court papers filed on Tuesday.In refusing to reveal much of anything about the administration’s role in improperly sending the man, Kilmar Armando Abrego Garcia, to El Salvador or its subsequent efforts to seek his freedom, department lawyers repeatedly claimed that the information constituted state secrets that needed to be protected, the papers said.“The government responded to plaintiffs’ discovery requests by producing nothing of substance,” Mr. Abrego Garcia’s lawyers wrote on Tuesday morning to Judge Paula Xinis, who is handling the case in Federal District Court in Maryland.In their letter, the lawyers asked Judge Xinis to hold a hearing as early as 1 p.m. on Wednesday to discuss how to proceed with what they described as the “government’s failure to comply with this court’s orders.”The White House’s repeated resistance to court orders — not only in Mr. Abrego Garcia’s case, but in other legal proceedings as well — has edged the administration ever closer to an open showdown with the judicial branch in a way that could threaten the constitutional balance of power.Three courts — including the Supreme Court and the federal appeals court that sits over Judge Xinis — have directly told the Trump administration to “facilitate” the release of Mr. Abrego Garcia. They have instructed the administration to devise a way of handling his case as it should have been handled if the government had not erroneously flown him to El Salvador on March 15 in violation of an earlier court order.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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      Schumer Asks for Documents That Prove a Claim on DOGE’s Website

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      Elon Musk’s Department of Government Efficiency has posted an online “the Wall of Receipts,” to provide the proof behind its claims to have cut billions from the federal budget.But one of the most important receipts is missing.The group says that it saved $318,310,328 by canceling a “request for proposal” that the Office of Personnel Management put out last year, seeking bids for a potential contract. But it has not provided the request itself.Neither have the White House or the Office of Personnel Management, despite requests from The New York Times.On Tuesday, the Senate’s top Democrat sent a letter to Charles Ezell, the acting director of the Office of Personnel Management, requesting that the agency release that document — and proof that it had been canceled.“By failing to provide clear documentation and denying access to records surrounding this solicitation, O.P.M. has made it impossible to determine whether the cancellation of this proposal resulted in the savings DOGE has claimed,” the senator, Chuck Schumer of New York, wrote in his letter. “The public is left in the dark as to whether these savings are based on real, verifiable data.” More

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      Tesla’s Falling Profit May Pressure Elon Musk to Return to Day Job

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      The carmaker is expected to report a decline in quarterly earnings after Tesla’s brand suffered because of its chief executive’s role in the Trump administration.Tesla is expected to report on Tuesday that its profits fell in the first three months of the year, which could increase the pressure on Elon Musk, the automaker’s chief executive, to curtail his work for President Trump and spend more time managing the company.Wall Street analysts expect Tesla to say its net profit declined slightly from $1.1 billion in the first quarter of 2024.Tesla sales have been slumping because of intense competition from Chinese carmakers like BYD, a lack of new models and Mr. Musk’s support of far-right causes, which has turned away some liberals and centrists from buying Tesla vehicles.Tesla remains the most valuable automaker in the world as measured by its stock price, but its shares have lost about half their value since mid-December as investors have grown more pessimistic about the company’s prospects and concerned about Mr. Musk’s role in the Trump administration.Tesla has steadily lost market share to Chinese carmakers and more established automakers, like General Motors, Volkswagen and Hyundai, that have been offering a growing selection of electric vehicles.Mr. Musk’s company once hoped to sell 20 million vehicles a year by the end of the decade, twice as many as Toyota. But sales have been sliding after climbing to 1.8 million in 2023. Last year, the company sold 1.7 million cars, and its global sales fell 13 percent in the first quarter of 2025 from a year earlier.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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      MAGA Pronatalism Is Doomed to Fail

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      Long before Donald Trump said he wanted to be known as the “fertilization president,” Hungary was trying mightily to promote traditional families and raise its lagging birthrate. “We are living in times when fewer and fewer children are being born throughout Europe,” its prime minister, Viktor Orban, said in 2019. Immigration, he argued, was no answer to this demographic shortfall. “We do not need numbers, but Hungarian children,” he said. “In our minds, immigration means surrender.”He then announced a seven-point “family protection action plan” meant to encourage marriage and baby-making. It included government loans of 10 million Hungarian forints (at the time almost $35,000) to women under 40 when they married, which would be forgiven if they had at least three children. Large families would receive help buying cars and houses, and women who had at least four children would be exempt from personal income taxes for life.Hungary became the intellectual center of the global pronatalist movement, hosting right-wing thinkers from around the world at biannual “demographic summits” in Budapest. In 2021, giving a speech in Virginia about the “civilizational crisis” of low birthrates, JD Vance lauded Orban’s family policies and asked, “Why can’t we do that here?”Now that Vance is vice president, the administration might be about to try. “The White House has been hearing out a chorus of ideas in recent weeks for persuading Americans to get married and have more children,” The New York Times reported on Monday. Proposals include baby bonuses for American mothers and a new affirmative-action program that would set aside almost a third of Fulbright scholarships for people who are married or have kids. Malcolm and Simone Collins, oft-profiled pronatalists hoping to seed the future with their elite genes, reportedly sent the White House a draft executive order establishing a “National Medal of Motherhood” for women with at least six children. (Similar prizes existed in both Nazi Germany and Stalinist Russia.)But if Trump really wanted to arrest the decline in America’s fertility rate — which reached a historic low of 1.62 births per woman in 2023 — the best thing he could do is resign in concert with his entire administration. The crude chauvinism his presidency represents is a major impediment to the creation of healthy families.There are plenty of people on the left who find fear of falling birthrates unseemly. I don’t blame them; the pronatalist milieu is rife with misogyny, white supremacy and eugenics. But rapidly declining fertility really is a problem. It’s likely to lead to stagnant, geriatric societies without enough young working people to maintain, let alone expand, the social safety net.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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      Government Watchdog Drops Inquiries Into Mass Firings of Probationary Workers

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      The independent government agency charged with protecting federal workers’ rights will drop its inquiry into the more than 2,000 complaints that the Trump administration had improperly fired probationary employees, according to emailed notices received by five workers and reviewed by The New York Times.The agency, the Office of Special Counsel, told affected employees that it had concluded that it could not pursue the claims of unlawful termination in part because they were fired not for individual cause, but en masse as part of President Trump’s “governmentwide effort to reduce the federal service.”The decision effectively eliminates one of the few avenues government employees had to challenge their terminations. It comes as Mr. Trump has forced out the office’s leader and replaced him for now with a loyal member of his cabinet, Doug Collins, the secretary of veterans affairs.The office is charged with protecting whistle-blowers from retaliation, which is the reason for its independent status and a Senate-confirmed leader. But it also scrutinizes other employment-related issues, including investigations into claims of prohibited personnel practices, or PPPs, such as discrimination, nepotism or an attempt to coerce political activity.Reached for comment, the Office of Special Counsel declined to say how many of the more than 2,000 fired probationary employees with pending complaints actually received the notice.Experts in federal employment law said the justifications to end the investigations were baffling at best.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