Trump’s tumultuous start When President Trump took office in January for his second term, business leaders anticipated an administration that would lower taxes, loosen regulations and open up deal-making. Instead, Wall Street got chaos. The president has taken a cudgel to global trade with enormous tariffs, threatened the independence of the Fed and made the landscape for M.&A. more uncertain. …
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In the weeks since President Trump signed an executive order dismantling the U.S. Agency for International Development, Andrea Minaj Casablanca’s phone has been inundated with desperate pleas for help. A counselor who works with nonprofits catering to members of Uganda’s embattled L.G.B.T.Q. population, she has fielded urgent requests from people seeking H.I.V. medications, therapy sessions and shelter in the wake …
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When Secretary of State Marco Rubio announced last month that lifesaving humanitarian work would be exempt from a freeze on foreign aid, global health workers breathed a collective sigh of relief. But a new directive has put such exemptions on hold. Several senior employees at the U.S.A.I.D. Bureau of Global Health received an email Tuesday telling them to “please hold …
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For decades, sub-Saharan Africa was a singular focus of American foreign aid. The continent received over $8 billion a year, money that was used to feed starving children, supply lifesaving drugs and provide wartime humanitarian assistance. In a few short weeks, President Trump and the South African-born billionaire Elon Musk have burned much of that work to the ground, vowing …
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Treating H.I.V. across dozens of nations. Stopping the forced labor of Chinese workers. Training Mexican and Colombian police in anti-narcotics enforcement. Those are just a tiny sample of aid programs around the world operating with grant money from the U.S. government that could be permanently shut down under an executive order President Trump signed last week to halt foreign aid. …
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At their confirmation hearings on Wednesday, the two men in line to oversee the United States’ global energy policies, Senator Marco Rubio and the fossil fuel executive Chris Wright, are expected to assail President Biden as overly concerned with climate change. According to a spokeswoman, Mr. Wright, who was picked to lead the Department of Energy, will say that Mr. …
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