United States

Subterms

    More stories

    • 113 Shares99 Views

      in Elections

      Stocks Sink as Trump’s Tariff Threats Weigh on Confidence

      by

      Stocks in Japan tumbled nearly 4 percent as investors braced for a week of market turmoil caused by an expected announcement of more tariffs.Stocks in Asia tumbled Monday as investors braced for a week of market tumult caused by an expected announcement of more tariffs by President Trump on America’s biggest trading partners.Japan’s Nikkei 225 index fell nearly 4 percent in early trading. Stocks in South Korea and Taiwan were down more than 2 percent.Stocks in Hong Kong and mainland China were mostly unchanged, bolstered by a report signaling that China’s export-led industrial sector continues to expand despite Mr. Trump’s initial tariffs.Futures on the S&P 500, which allow investors to trade the benchmark index before exchanges reopen in New York in the morning, slumped 0.5 percent on Sunday evening. On Friday, the S&P 500 dropped 2 percent on concerns about inflation and weak consumer sentiment.Since taking office a little over two months ago, Mr. Trump has kept investors and companies guessing with his haphazard rollout of what he calls an “America First” trade policy.In some cases, Mr. Trump has imposed tariffs to make imports more expensive in industries like automobiles, arguing that the trade barriers will spur investment and innovation in the United States. He has also used tariffs, and their threat, to try to extract geopolitical concessions from countries. He has further unnerved investors by saying he does not care about the fallout of his actions on markets or American consumers, who will have to pay more for many goods if import prices rise.Over the weekend, Mr. Trump ramped up the pressure, threatening so-called secondary sanctions on Russia if it does not engage in talks to bring about a cessation of fighting in Ukraine. The tactic echoes similar sanctions concerning Venezuela. He said last week that any country buying Venezuelan oil could face another 25 percent tariff on its imports to the United States. The threats over the weekend add to tariffs of 25 percent on imported cars and some car parts set to be implemented this week, barring any last minute reprieve. That’s in addition to previously delayed tariffs on Mexico and Canada, as well as the potential for further retaliatory tariffs on other countries.Adding to investors’ angst is the scheduled release on Friday of the monthly report on the health of the U.S. jobs market. It could provide another reading of how the Trump administration’s policy pursuits are weighing on the economy.Keith Bradsher More

    • 188 Shares169 Views

      in Elections

      Trump Says He ‘Couldn’t Care Less’ if Auto Tariffs Raise Car Prices in the U.S.

      by

      President Trump has said that “tariffs are the greatest thing ever invented.” For someone who once called himself a “tariff man,” tariffs are the solutions to many economic problems.He has argued that imposing tariffs would protect American factories, spur manufacturing, create new jobs and bend uncooperative governments to his will. Since his inauguration, while imposing and then suspending and then imposing tariffs again, Mr. Trump has upended the global trading system.But over that time Mr. Trump has also begun conceding that tariffs could cause financial discomfort for Americans. That possibility came up in stark terms in an interview with NBC’s “Meet the Press” from Saturday, when Mr. Trump said that he “couldn’t care less” about the prospect of higher car prices.The president repeated the sentiment twice when asked about the 25 percent tariffs on imported cars and auto parts that he has promised will go into effect on Thursday. He told the NBC News host Kristen Welker that the tariffs were permanent, and that he would encourage auto companies and their suppliers to move to the United States.In one exchange, Ms. Welker asked Mr. Trump if he was at all concerned with the effect of tariffs on car prices, which experts have said could go up by thousands of dollars. “No, I couldn’t care less,” he said, “because if the prices on foreign cars go up, they’re going to buy American cars.”After the interview, an aide to the president told NBC that Mr. Trump was referring to the increase in foreign car prices.While the White House sought to emphasize foreign-made vehicles, the tariffs will affect American companies like Ford Motor and General Motors, which build many of their vehicles in Canada and Mexico. Nearly half of the vehicles sold in the United States are imported, according to S&P Global Mobility data, and almost 60 percent of auto parts in cars assembled in the country.A study by the Yale Budget Lab, a nonpartisan research center, forecast that tariffs would cause vehicle prices to increase by an average of 13.5 percent — an additional $6,400 to the price of an average new 2024 car.On Sunday, Shawn Fain, the president of the United Automobile Workers union, said that the tariffs were indeed a “motivator” for carmakers to bring jobs back to the United States. But, he said on CBS’s “Face the Nation,” they were not an “end-all solution” to help American auto workers. If jobs are being brought back to the United States, Mr. Fain said, they need to be “good paying union jobs that set standards.”Peter Navarro, a senior trade adviser to Mr. Trump, defended the tariffs and said they would raise about $100 billion, which would translate to tax credits for people who buy American cars. He, too, told Americans not to worry about the effects of the tariffs.Instead, he said on Sunday, they should “trust in Trump.” More

    • 125 Shares149 Views

      in Elections

      The Secret History of America’s Involvement in the Ukraine War

      by

      <!–> [–><!–> [–><!–>On a spring morning two months after Vladimir Putin’s invading armies marched into Ukraine, a convoy of unmarked cars slid up to a Kyiv street corner and collected two middle-aged men in civilian clothes.–><!–> –><!–> [–><!–> –><!–> [–><!–> –><!–> [–><!–> –><!–> [–><!–> –><!–> [–><!–> –><!–> –> <!–> [–> <!–> ]–> <!–> –><!–> –><!–> […] More

    • 100 Shares179 Views

      in Elections

      Syria’s Leader Appoints New Government After Ousting Assad

      by

      The choice of cabinet officials was seen as a litmus test for whether the rebels who ousted Bashar al-Assad would deliver on a pledge to create a government representative of all Syrians.Syria’s interim president, Ahmed al-Shara, announced late Saturday the formation of a caretaker government that will lead the country through a crucial transition as it emerges from more than 50 years of dictatorship under the Assad family’s iron-fisted rule.Mr. al-Shara, who led the coalition of rebel forces that overthrew the Assad regime, appointed a bevy of new ministers, swearing in each before an audience of several hundred dignitaries in a brightly lit hall in the presidential palace on a hill above Damascus.His government included some experienced officials, and one woman — but he appointed close allies to the important ministries of defense, foreign affairs and interior.The rebels who ousted President Bashar al-Assad in December have since been acting as Syria’s de facto authorities. Mr. al-Shara was named interim president and oversaw a transitional government.Among Mr. al-Shara’s early promises was to form a caretaker government by March that would run the country until elections can be held. He has said that it could take up to four years to hold elections because the country is in disarray.The makeup of the new government announced on Saturday, including key cabinet positions, was widely seen as a litmus test for whether Mr. al-Shara would extend any real power beyond his tight-knit circle of allies and make good on his pledge to create an inclusive government that represents all of Syria’s disparate religious and ethnic groups.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

    • 125 Shares179 Views

      in Elections

      Trump Floats Chinese Tariff Cuts in Exchange for TikTok Deal

      by

      President Trump on Wednesday raised the possibility that he could relax steep upcoming tariffs on China in exchange for the country’s support on a deal to sell TikTok to a new owner supported by the United States.Acknowledging that Beijing is “going to have to play a role” in any transaction, Mr. Trump signaled to reporters at the White House that he could be open to negotiation. “Maybe I’ll give them a little reduction in tariffs or something to get it done,” he said.Under a law enacted before Mr. Trump took office, the Chinese-based parent company of TikTok must either sell the social media app’s U.S. operations or face what essentially amounts to a domestic ban. Lawmakers adopted that policy in response to growing, bipartisan concerns that the app posed threats to U.S. national security, which TikTok denies.Congress originally set a January deadline for its ultimatum. But no sale occurred, prompting Mr. Trump — as one of his first executive actions — to delay enforcement of the law for 75 days in the hopes of securing a buyer.The new deadline arrives on April 5, just three days after Mr. Trump separately plans to announce what he has described as “reciprocal” tariffs, imposing new duties on foreign nations based on the trade barriers that they erect to U.S. imports. The president has already subjected Chinese goods to a 20 percent tariff, on top of those he enacted during his first term in office.“Every point in tariffs is worth more than TikTok,” Mr. Trump said about the prospects of a negotiation, adding: “Sounds like something I’d do.”Mr. Trump on Wednesday said he could issue another order that grants the government additional time to find a buyer for TikTok, stressing the goal is an outcome “that’s best for our country.” The president has raised the possibility that the U.S. government could acquire a stake in the app.”If it’s not finished, it’s not a big deal. We’ll extend it,” Mr. Trump said.Chinese officials, for their part, maintain that any sale or divestiture must comply with local export laws, potentially giving Beijing power over any arrangement brokered by Mr. Trump. More

    • 213 Shares199 Views

      in Elections

      Un tribunal de apelaciones mantiene el bloqueo de las deportaciones que invocan la Ley de Enemigos Extranjeros

      by

      El tribunal dijo que, aunque se necesitaban más argumentos, los abogados de los migrantes probablemente tendrían éxito en sus alegaciones de que a los venezolanos se les había denegado el debido proceso.Un tribunal federal de apelaciones de Washington mantuvo el miércoles, por el momento, el bloqueo del uso por parte del gobierno de Donald Trump de una ley invocada de manera inusual para tiempos de guerra para deportar sumariamente a migrantes venezolanos acusados de pertenecer a una violenta banda.En una votación de 2 a 1, un panel del Tribunal de Apelaciones de Estados Unidos para el Circuito del Distrito de Columbia dijo que era probable que los migrantes venezolanos tuvieran éxito en sus alegaciones de que el gobierno no puede utilizar la ley de guerra, la Ley de Enemigos Extranjeros, para trasladarlos sumariamente a una prisión en El Salvador sin una audiencia.“El plan de expulsión del gobierno niega a los demandantes siquiera un hilo del debido proceso, aunque el gobierno reconozca su derecho a la revisión judicial de su expulsión”, escribió la jueza Patricia A. Millett.La decisión asestó un duro golpe a los esfuerzos del gobierno de Trump por impulsar su programa de migración mediante la ley de guerra, pero la orden subyacente expirará de todos modos dentro de unos días. Es probable que el juez James E. Boasberg, presidente del Tribunal Federal de Distrito de Washington, vuelva a pronunciarse sobre la conveniencia de dictar una orden judicial de mayor duración.A mediados de marzo, Boasberg dictó una orden de restricción que prohibía al gobierno de Trump utilizar la Ley de Enemigos Extranjeros para expulsar sumariamente a los venezolanos que, según él, pertenecen a la banda Tren de Aragua. Su orden no prohíbe al gobierno detener a esos hombres ni deportarlos tras las audiencias previstas en la ley de migración usual.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

    • 138 Shares109 Views

      in Elections

      Trump’s Team Calls Europe ‘Pathetic’ in Leaked Signal Group Chat Messages

      by

      Trump administration officials haven’t kept their disdain for Europe quiet. But the contempt seems to be even louder behind closed doors.Europeans reacted with a mix of exasperation and anger to the publication of parts of a discussion between top-ranking Trump administration officials, carried out on the messaging app Signal. The discussion, about a planned strike on Yemen, was replete with comments that painted Europeans as geopolitical parasites, and was revealed on Monday in The Atlantic, whose editor was inadvertently included in the conversation.“I just hate bailing out the Europeans again,” wrote Vice President JD Vance, asserting that the strikes would benefit Europe far more than the United States.“I fully share your loathing of European freeloading,” Pete Hegseth, the secretary of defense, later replied. “It’s PATHETIC.”The exchange seemed to show real feelings and judgments — that the Europeans are mooching and that any American military action, no matter how clearly in American interests as well, should be somehow paid for by other beneficiaries.A member of the chat identified as “SM,” and believed to be Stephen Miller, a top aide to President Trump, suggested that both Egypt and “Europe” should compensate the United States for the operation. “If Europe doesn’t remunerate, then what? If the US successfully restores freedom of navigation at great cost there needs to be some further economic gain extracted in return,” SM wrote.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

    • 100 Shares179 Views

      in Elections

      Blumenthal Calls ‘Shadow Hearing’ on Trump Veterans Cuts

      by

      Senator Richard Blumenthal of Connecticut, the top Democrat on the Veterans Affairs Committee, on Monday called on Doug Collins, the secretary of veterans affairs, to testify at an informal hearing next week to discuss how the Trump administration’s efforts to slash the federal work force have affected veterans and the federal agency that serves them.Mr. Collins is all but certain to decline the invitation from Mr. Blumenthal, who as a member of the minority party has no authority to call a hearing or set the panel’s agenda. His attempt to hold a so-called “shadow hearing” is the latest move by top Senate Democrats to try to scrutinize — and focus public attention on — the effects of President Trump’s policies on Americans at a time when Republicans who control Congress have refrained so far from using their oversight power to examine his administration’s actions in official settings.Mr. Trump’s initial job reductions at the Veterans Affairs Department, and the cancellation of hundreds of contracts, have caused chaotic ripple effects at the agency, disrupting treatment studies and forcing some facilities to fire support staff. Mr. Collins has promised a much deeper round of cuts — eliminating some 80,000 jobs and reviewing tens of thousands of contracts.In announcing his plan, Mr. Blumenthal emphasized the urgency of congressional oversight during what he called a “moment of crisis for veterans,” saying in a statement that he and his colleagues on Capitol Hill “have a responsibility to bring to light the impact of Musk-Trump’s disastrous and disgraceful cuts.” He said the hearing was also a bid to ensure that the voices of affected veterans and Department of Veterans Affairs employees were heard.The move underscores a notable deterioration in the normally bipartisan relationship between Mr. Blumenthal and Senator Jerry Moran of Kansas, the Republican chairman of the Veterans Affairs Committee. The senators have maintained a productive working relationship, cosponsoring a range of legislation including measures to expand medical facilities run by the Department of Veterans Affairs and demonstrating a shared commitment to bettering the lives of veterans.Mr. Blumenthal’s effort mirrors similar action taken by Senator Elizabeth Warren of Massachusetts, the top Democrat on the Banking Committee who in February organized a similar “shadow hearing” to question Elon Musk regarding changes to the Consumer Financial Protection Bureau. Mr. Musk did not appear, and Democrats had no power to compel him.The Department of Veterans Affairs, a vast bureaucracy with nearly 500,000 employees, has been a focal point for the Trump administration’s overhaul efforts because of its complex structure and history of scandals and waste.“Hearing from veterans and impacted stakeholders firsthand is the first step toward holding this administration accountable for their reckless and lawless directives,” Mr. Blumenthal said. More