After all that — the chummy Oval Office meeting, the extraordinary royal invitation, the paeans to the “special relationship” — Britain and its solicitous prime minister, Keir Starmer, still got swept into President Trump’s tariffs, along with the European Union and other major American trading partners. Mr. Trump imposed his basic tariff of 10 percent on Britain, while hitting the …
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Want to Play a Game? Global Trade War Is the New Washington Pastime.
The world’s biggest powers were deep in a trade war. Economic losses from the tariffs that President Trump had imposed on most of the world, along with global retaliation, were accumulating. Jobs were being lost, inflation was ticking up and the world was both frustrated with and anxious about the United States. While the stakes were real, the trade war …
Read More »Trump Threatens Tariffs Against Countries That Buy Venezuelan Oil
President Trump said on Monday that he would crack down on countries that bought Venezuela’s oil by imposing tariffs on goods those nations sent into the United States, claiming that Venezuela has “purposefully and deceitfully” sent criminals and murderers into America. In a post on Truth Social, the president said countries that purchased oil or gas from Venezuela would be …
Read More »Trump Expands Trade Threats in Global Game of Chicken
For the second time this week, President Trump has threatened to disrupt trade with a close ally for retaliating in a trade war that he started — a tactic that could lead to compromise, or to economic spats that spiral further out of control. On Thursday morning, Mr. Trump tried to cow the European Union into submission, threatening in a …
Read More »‘We Hear You, Mr. President:’ The World Lines Up to Buy American Gas
President Trump’s cabinet has been busy rolling back regulations that will make it far easier to extract and produce fossil fuels. But who will buy them? Nearly everyone, it turns out, particularly under the threat of tariffs. At an annual energy-industry conference in Houston, executives spoke openly about how companies from around the world are seeking to buy American liquefied …
Read More »Elon Musk’s Starlink Pushes Its Way Into India
Starlink, Elon Musk’s satellite communications company, fought behind the scenes for months to break into India’s internet business. The market is dominated by two local giants, Reliance Jio and Bharti Airtel, who seemed united in trying to keep Starlink out. Then, suddenly, this week each of them announced a partnership to bring Starlink into India, pending the government’s approval. Jio, …
Read More »Trump Shifts From Lifting Up America’s Neighbors to Hurting Them
When the United States signed a free-trade agreement with Canada and Mexico more than 30 years ago, the premise was that partnering with two other thriving economies would also benefit America. This week, President Trump abruptly scrapped that idea. He imposed a sweeping 25 percent tariff on the roughly $1 trillion of imports that Mexico and Canada send into the …
Read More »South Africa’s Play to Ease Tensions With Trump: A New Trade Deal
South Africa is preparing a new trade offer to present to President Trump, hoping to appeal to his transactional approach to foreign policy and ease boiling tensions with Washington, a spokesman for South Africa’s president said this week. The spokesman, Vincent Magwenya, said in an interview that South African officials are anticipating Mr. Trump will call for an end to …
Read More »Canada and China Retaliate Against Trump’s Tariffs, Amid Fears of Trade War
Sweeping tariffs imposed by President Trump threatened economic upheaval for consumers and businesses in the United States on Tuesday as the country’s biggest trading partners struck back, raising fears of a burgeoning trade war. Canada and China swiftly condemned the U.S. tariffs and announced retaliatory tariffs against American exports. President Claudia Sheinbaum of Mexico said that if the U.S. tariffs …
Read More »Biodiversity Talks in Rome End
While the Trump administration in Washington was cutting environmental programs, delegates at U.N. biodiversity talks in Rome made modest progress Thursday on a series of measures to support nature. Governments gathered to tackle global biodiversity losses that are unprecedented in human history, driven by the ways people have transformed the world. The seismic geopolitical changes of recent weeks loomed over …
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