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    Southeast Asia, With Little Leverage, Seeks to Placate Trump on Trade

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    Southeast Asian leaders, their export-driven economies in peril, are trying to placate the president. “We may have to comply,” Thailand’s finance minister said.They were hit by some of President Trump’s most punishing tariffs, in one case as high as 49 percent. The new levies threatened to cripple their economies, which have prospered by making sneakers and tech goods for American consumers.So Southeast Asian countries like Cambodia and Vietnam rushed to appease Mr. Trump. They promised not to retaliate, unlike China and Europe. And they proposed to reduce or even eliminate their own tariffs on American imports.On Thursday, the region woke up to the good news that Mr. Trump had paused his “reciprocal” tariffs. The president suggested he had reversed course because of the market turmoil they had caused. Still, Southeast Asia is sticking with its conciliatory approach.In a statement on Thursday, the economic ministers of the Association of Southeast Asian Nations, known as Asean, said the 10-country bloc was “united in the opinion that retaliation is not an option.” (The ministers were in Kuala Lumpur, Malaysia, for a meeting that had been previously scheduled.)Despite Mr. Trump’s 90-day pause, the anxiety here is palpable. His tariffs, the Asean statement said, are “introducing uncertainty and undermining trust in the global trade system.” Millions of livelihoods in the region are on the line. Thailand’s finance minister, Pichai Chunhavajira, acknowledged that the White House had leverage over his nation in matters of trade.“This is how you negotiate,” Mr. Pichai said in an interview. “You start with an extreme measure and then ease your demand along the way. We may have to comply.”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 insists he won’t back down from global trade war as markets slump

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      Donald Trump doubled down on his decision to launch a global trade war, declaring that he would “never” back off from sweeping tariffs on US trading partners.The US president’s announced action sent shock waves around the world this week, prompting fierce threats of retaliation and sharp sell-offs in stock markets.In an all-caps message on his Truth Social social media platform, Trump sought to convey his defiance in the wake of news that Beijing is preparing to hit back with 34% tariffs of its own.“TO THE MANY INVESTORS COMING INTO THE UNITED STATES AND INVESTING MASSIVE AMOUNTS OF MONEY, MY POLICIES WILL NEVER CHANGE,” he claimed. “THIS IS A GREAT TIME TO GET RICH, RICHER THAN EVER BEFORE!!!”Within hours, however, the president was indicating that he might be prepared to change course. “Just had a very productive call with To Lam, General Secretary of the Communist Party of Vietnam, who told me that Vietnam wants to cut their Tariffs down to ZERO if they are able to make an agreement with the U.S.,” Trump wrote on Truth Social, adding that he looked forward to a meeting “in the near future”.The comments came as markets tumbled for the second straight day after Trump’s move to bring in tariffs on scores of countries. He claims the policy – a blanket 10% tariff from Saturday, with higher rates for specific markets from next week – will bring US manufacturing jobs back to the US and raise trillions of dollars for the federal government. Many economists have cautioned it will trigger economic chaos, and likely raise prices.The International Monetary Fund (IMF) has warned that the move may well knock the global economy. Kristalina Georgieva, its managing director, , said: “We are still assessing the macroeconomic implications of the announced tariff measures, but they clearly represent a significant risk to the global outlook at a time of sluggish growth.”Shortly before Wall Street opened on Friday, Trump claimed China had “panicked” by announcing new retaliatory tariffs on US imports. “CHINA PLAYED IT WRONG, THEY PANICKED – THE ONE THING THEY CANNOT AFFORD TO DO!” he wrote on Truth Social.China’s industry associations have unanimously condemned the tariffs. The country’s National Textile and Apparel Council said it “supported the government’s forceful measures” and that the US had “damaged the resilience of the global textile industry’s supply chain”.The S&P 500 fell 4.4% in early trading, exacerbating a decline that began in February. The index, which tracks 500 of the leading US companies, is now down almost 14% from its peak.Shares in the US bank sector had fallen nearly 6% on Friday, reflecting fears that the trade war could trigger a recession. It could also be an indicator that investors are expecting faster interest rate cuts by the US Federal Reserve, in order to instigate growth.Crude oil prices also plunged by 8% on Friday, heading for their lowest point since the middle of the pandemic in 2021.Trump personally selected the controversial formula for determining what tariffs would be imposed on specific countries from a menu of options, according to the Washington Post.skip past newsletter promotionafter newsletter promotionThe chosen formula was based on two simple variables: the trade deficit with each country and the total value of its US exports.Several Trump aides had apparently been working on crafting country-specific tariffs for weeks, taking into account a broad range of tariff & non-tariff barriers. Sources told the Post that more sophisticated approaches had been developed.Trump reportedly didn’t decide on the final plan until around 1pm Wednesday – less than three hours ahead of his Rose Garden address announcing the tariffs. It is unclear who authored the formula Trump ultimately picked.The US secretary of state, Marco Rubio, told reporters that the markets “will adjust” to the sweeping tariffs imposed by Trump. “The markets are reacting to a dramatic change in the global order in terms of trade … As long as they know what the rules are going to be moving forward … the markets will adjust.”Many Democrats have expressed frustration with the early impacts of the tariffs on the US economy. JB Pritzker, the governor of Illinois, wrote on X: “The biggest tax hike in American history. Donald Trump’s tariffs are throwing the economy into the tank.”California senator Alex Padilla wrote: “I’m not enraged by the stock market crashing because I’m sympathetic towards traders on Wall Street. I’m mad because this hurts the pensions and retirement savings of so many Americans. And Trump couldn’t care less.” More

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      in Elections

      Apple Plunges 9 Percent, Leading a Tech Sell-Off

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      Apple led a sell-off of tech stocks on Thursday, falling about 9 percent. Its drop was one of its steepest intraday declines since early 2019, when the company plunged 10 percent after it warned that iPhone sales in China would fall short of its expectations at the time.Wall Street analysts who follow the company have been looking for signs that Apple will be granted a tariff exemption by the White House, as it did when the Trump administration began its previous round of tariffs in 2018. But after President Trump’s news conference yesterday, there was no indication that Apple would receive any relief.As a result, many analysts were scrambling to update their forecasts on Apple’s profits. The company counts on the sale of devices for three-quarters of its nearly $400 billion in annual revenue, and it makes almost all of its iPhones, iPads and Macs overseas.The investment bank TD Cowen estimates that every 10 percent of tariffs on a product imported from China, India or Vietnam — where Apple does most of its manufacturing — would reduce the company’s profit by more than 3.5 percent. The Wall Street advisory said Apple could offset that profit decline with a 6 percent price increase for every 10 percent of tariff. Given that China is being hit with 54 percent tariffs and that it makes 90 percent of the world’s iPhones, the price of most $1,000 iPhones would jump to about $1,300. More

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      in Elections

      Roy L. Prosterman, 89, Dies; Worked to Secure Land for the Rural Poor

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      Seeing land rights as the key to lifting up the impoverished, he pushed authoritarian governments as well as emerging democratic ones to distribute farmland.Roy L. Prosterman, a lawyer who left a lucrative corporate law practice to champion land reform in the underdeveloped world, died on Feb. 27 at his home in Seattle. He was 89.His death was announced by the Seattle land-rights institute Landesa, of which he was a founder. The organization did not specify a cause.Mr. Prosterman worked with governments in some 60 countries in Asia, Africa and Latin America over nearly six decades, crafting plans to give a degree of ownership to peasant families. Sometimes the governments he worked with obtained land by expropriating large tracts, with compensation to the owners. At other times, the government simply gave away land it owned.Seeing land rights as the key to lifting up the world’s millions of rural poor people, he pushed authoritarian governments in places like Vietnam and El Salvador, as well as emerging democratic ones in countries like India, to distribute farmland to impoverished farmers.Mr. Prosterman, center, conducting interviews in China in an undated photo. Beside him is Tim Hanstad, his longtime colleague and a co-founder of Landesa.via LandesaIn an obituary, Landesa said that millions of people had benefited from the programs created by Mr. Prosterman and his group. Landesa, which was founded in 1981 as the Rural Development Institute at the University of Washington and became an independent organization in 1992, was “an early, and often lonely, voice recognizing the importance that access to land and security of land has in uplifting the lives of the poor in agrarian economies,” the Nobel-winning economist Joseph Stiglitz wrote in the preface to “One Billion Rising: Law, Land and the Alleviation of Global Poverty” (2009), a book edited and partly written by Mr. Prosterman.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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      in Elections

      Trump’s USAID Cuts Halt Agent Orange Victims Program in Vietnam

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      Nearly 40 years after she was born with a malformed spine and misshapen limbs — most likely because her father was exposed to Agent Orange, the toxic chemical that the American military used during the Vietnam War — Nguyen Thi Ngoc Diem finally got some help from the United States.A project funded by U.S.A.I.D. gave her graphic design training in 2022 and helped her land a job. Even when the company closed a few months ago, she stayed hopeful: The same program for Agent Orange victims was due to deliver a new computer, or a small loan.I was the first to tell her that the support may never come; that President Trump had frozen U.S.A.I.D. funding and planned to fire nearly everyone associated with the humanitarian agency.“It makes no sense,” Ms. Diem told me, her tiny body curled into a wheelchair, below a crucifix on the wall. “Agent Orange came from the U.S. — it was used here, and that makes us victims,” she said. “A little support for people like us means a lot, but at the same time, it’s the U.S.’s responsibility.”Ms. Diem had been expecting a small U.S. loan to help her buy a more modern computer for her graphic design work.Linh Pham for The New York TimesMs. Diem uses a computer from 2011. It often freezes and shuts down unexpectedly.Linh Pham for The New York TimesWe 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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      in Elections

      Vietnam Revives Power-Sharing Arrangement With New President

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      The move restores a “four pillar” government structure that divides top-level duties to avoid the rise of a single strongman.Vietnam’s National Assembly approved a new president on Monday, restoring a power-sharing arrangement among four high-level leaders that has defined the country’s approach to Communist government for decades.The assembly’s announcement that Luong Cuong, a Vietnamese Army general, would be president calms speculation about the country’s top leader, To Lam, and whether he would try to retain the presidency after rising to become general secretary of the Communist Party in August.Under the country’s “four pillar” structure, established in part to avoid the rise of a single strongman, decision-making roles are split among the general secretary, president, prime minister and head of the National Assembly.Vietnam’s president typically oversees the military and usually comes from within its ranks. But from 2018 to 2021, Nguyen Phu Trong, who was general secretary from 2011 until his death in 2024, also served as president.Mr. Lam had been named president in May and initially held both roles. As minister of public security before that, he helped lead an anti-corruption campaign that pushed out several high-level figures, including two presidents and three deputy prime ministers.It was unclear whether he would seek to keep two positions and consolidate power ahead of the National Party Congress scheduled for 2026, when the country’s next leaders will be chosen.In a speech opening the assembly’s session on Monday, Mr. Lam praised his Communist Party colleagues for reaching an agreement at a moment when “the global and regional situation has had many complex developments, with unprecedented and unpredictable issues, posing many significant challenges to the task of building and defending the nation.”“The passing of comrade general secretary Nguyen Phu Trong is a great loss, leaving deep sorrow among the people and soldiers across the country,” he said. “In this context, our party has shown steadfast resolve, maintaining a unified bloc in will and action, quickly consolidating the leadership of the party and state with high consensus.”In his own introductory speech, Mr. Cuong promised to “resolutely and persistently safeguard national independence, sovereignty, unity and territorial integrity.”Analysts said a return to Vietnam’s four-pillars arrangement could help minimize political infighting as another generation of leaders seek to fulfill Vietnam’s long-held ambitions of becoming a wealthy nation with high-end manufacturing and a larger role on the world stage.“This could help mitigate factional tensions by ensuring that the military has a prominent role in the nation’s leadership,” said Nguyen Khac Giang, a visiting fellow at the ISEAS-Yusof Ishak Institute, a research organization in Singapore.He added, “This will help stabilize the system after a period of significant turbulence.” More

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      in Elections

      Here’s What to Know About Vietnam’s Communist Government

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      The departure of President Vo Van Thuong, who occupied a largely ceremonial role, could have implications for the country’s future.Vietnam’s Communist Party has ruled the country for nearly half a century, often priding itself on unity and longevity. It is one of the world’s last remaining Communist dictatorships.It has also become one of Asia’s fastest growing economies and a pivotal player in the growing U.S.-China rivalry and has been adept at balancing its interests between the two powers. In recent years, many foreign companies and investors have flocked to Vietnam, which has touted its political stability in presenting itself as an alternative to China as a manufacturing hub.But the announcement Wednesday that President Vo Van Thuong had resigned, the second president to step down in a little over a year amid allegations of corruption, has undercut that message of stability even though the post is largely a ceremonial one. The resignation could spook investors.Here is what you need to know about Vietnam’s leadership:Who is the person in charge?Nguyen Phu Trong, third from left, the leader of the Communist Party in Vietnam, in Hanoi in January.Luong Thai Linh/EPA, via ShutterstockUnlike China, Vietnam, a country of 99.5 million people, does not have a paramount leader. Instead it is governed by “four pillars” of leadership: the general secretary of the Communist Party, the president, the chairperson of Parliament and the prime minister.Power largely resides with Nguyen Phu Trong, the Communist Party head, who is serving an unprecedented third five-year term as party chief.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 Shares119 Views

      in Elections

      Chuck Mawhinney, 74, Dies; Deadliest Sniper in Marine Corps History

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      He put the experience behind him after he returned from the Vietnam War. But fame finally caught up to him in the 1990s.Chuck Mawhinney, whose ability to creep through the dense jungle and looming elephant grass of South Vietnam and then wait for hours with his scoped rifle to pick off an enemy soldier made him the deadliest sniper in the history of the Marine Corps, died on Feb. 12 in Baker City, a town in the northeastern corner of Oregon. He was 74.His death was announced by Coles Funeral Home in Baker City. No further details were available.Mr. Mawhinney, who served in Vietnam from May 1968 to March 1970, had 106 confirmed kills and another 216 probable kills, averaging about four a week — more than the average company, which comprised about 150 soldiers.Among American military snipers, only Chris Kyle, a Navy SEAL who served in Iraq and had 160 confirmed kills, and Adelbert Waldron, an Army sniper during the Vietnam War with 109 kills, had higher numbers than Mr. Mawhinney.As a sniper, Mr. Mawhinney filled a number of roles. He would stay up all night with his rifle and night scope, watching the perimeter of an encampment for incursions. He would go out on patrol with other Marines, ready to support them if a firefight broke out. But mostly he and his spotter, a novice sniper who helped him identify targets, went out alone, looking for individual targets to kill as a way of sapping enemy morale.Most of his kills came slowly, a single shot from his bolt-action M40 after hours of waiting. But some came in bursts: On the night of Feb. 14, 1969, Mr. Mawhinney watched as a column of North Vietnamese soldiers crossed a shallow river near Da Nang, making their way toward a Marine encampment. He started firing, quickly but methodically, and in 30 seconds he had killed 16. The rest retreated.He claimed no special talent as a sniper, just the willingness to put in endless hours of practice. But he also demonstrated an unusual ability to tolerate grueling hours of stillness hiding in the jungle, alert for targets while bugs and snakes crawled over him.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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      in Elections

      Biden’s Staff May Be Giving Ammunition to Trumpsters

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      WASHINGTON — President Biden gave a speech on Bidenomics at a community college in a Washington suburb on Thursday.He ended without taking questions. He said he wished he could, “but I’m going to get in real trouble if I do that.”Dude, you’re the leader of the free world! Who sends the president to the principal’s office?At least this time, his staff didn’t play him offstage with a musical interlude as though he were an Oscar winner droning on too long. That’s what happened last Sunday in Vietnam. His press secretary, Karine Jean-Pierre, gave him the hook, abruptly ending the press conference as he was talking about his conversation with a top Chinese official. Oh yeah, nothing important.Seconds earlier, he had said “I’m going to go to bed.” Republicans, naturally, jumped on that as evidence of senility. But that was silly. The president had had an extremely long day, on a five-day trip to India and Vietnam. The press conference was after 9 p.m. local time. I’ve been on plenty of those trips with presidents, and they’re exhausting.Since he became president, Biden has sharply curbed how much he talks to the press, rarely giving interviews. He limits his press conferences mostly to duets with foreign leaders, where he can put his foreign policy relationships and experience on display. Even then, White House officials preselect questioners and aggressively approach reporters to ferret out what topics they would focus on if they were picked. On Friday at the White House, after backing the autoworkers in their strike, he didn’t take questions.There’s something poignant about watching a guy who used to delight in his Irish gift of gab be muzzled. In interviews when he was a senator and then vice president, Biden could easily give a 45-minute answer to the first question. Heaven help anyone who tried to nix the prolix pol back then.But now, when I watch him cut himself short, or get cut short by his staff, I get an image of a yellow Lab gamboling smack into an electric fence. When the president stops himself and says, “Am I giving too long an answer?” or “Maybe I’ll stop there,” or “I’m going to get in real trouble,” he seems nervous that his handlers might yank his choke collar if he rattles on.He no longer seems a Happy Warrior. The pol who has always relished talking to people, being around people, seems sort of lonely. When he campaigned in a limited, shielded way during Covid, he was dubbed “the Man in the Basement.” But now, even without the mask, it’s as though he’s still hidden away.He knows his staff thinks he has a problem of popping off, and I think that has made him more timid and more cloistered. And when he’s more isolated, he seems sadder, maybe because he’s not drawing energy from crowds and journalists the way he used to; perhaps his overprotective staff has gotten into his head. I know he gets frozen on Hunter questions, but he can’t hide from that forever, either.Is his less-than-stellar inner circle undermining the boss and giving ammunition to the nasty conservative story line about how the 80-year-old president is losing it?Biden’s more ginger gait makes Democrats flinch, but his staff reinforces the impression of a fragile chief executive by overmanaging him and white-knuckling all his appearances. By publicly treating him as though he’s not in control of his faculties, by cutting him off mid-thought as though he’s faltering and needs caretaking, they play into the hands of Trumpsters. His vulnerability becomes a self-fulfilling prophecy.I’ve covered Biden for 35 years. He has always been a babble merchant, prone to exaggeration and telling stories too good to be true, saying inexplicably wacky things. It was often cleanup on Aisle Biden. So when he acts like this now, it shouldn’t be attributed just to aging. Certainly, he has slowed down. But his staff has exacerbated the problem by trying too hard to keep him in check. Americans know who Uncle Joe is, quirks and all, slower and all. Let them decide.The president’s feelings were no doubt hurt the other day by The Washington Post column by David Ignatius, a charter member of the capital’s liberal elite, saying that Biden should be proud of “the string of wins” from his first term but not run for re-election because he “risks undoing his greatest achievement — which was stopping Trump.”I don’t disagree, but I doubt it will make a difference.If Biden has a chip on his shoulder, it’s justified. Barack Obama blew off his vice president in 2016 in favor of Hillary Clinton, and a lot of Democrats wrote off Biden during the 2020 primaries after he lost Iowa and New Hampshire.It was amazing, given his trajectory, that Biden fought his way to the presidency. And he thinks he has done a great job. Besides, being an underdog is his sweet spot. And he’s got a point that he is the only one who has beaten Trump.But Biden needs to start looking like he’s in command. His staff is going to have to roll with him and take some risks and stop jerking the reins. Let Joe out of the virtual basement.The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com.Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram. More