Author: News Room

President Trump said in a middle-of-the-night social media post early Thursday that he would come after the European Union and Canada if they banded together to “do economic harm” to America, opening a new front in the unfolding trade war.“If the European Union works with Canada in order to do economic harm to the USA, large scale Tariffs, far larger than currently planned, will be placed on them both in order to protect the best friend that each of those two countries has ever had!” Mr. Trump wrote.Mr. Trump’s post creates a new problem for the European Union, which is…

“No Other Land” has racked up festival awards, critical acclaim and the Oscar for best documentary feature. Yet the film, a narrative exposé about Israeli demolitions of Palestinian homes directed by two Palestinians and two Israelis, has not been acquired by a traditional North American distributor. This is partly a reflection of the collapse of studio interest in newsy documentaries as well as hesitance around a movie that condemns Israeli policies.But as the filmmakers rolled out the movie without the marketing muscle and prestige of a typical release, it has flourished. By the admittedly parched standards of post-pandemic theatrical releases…

New cars will probably become much more expensive in the United States after President Trump imposed a new 25 percent tariff on foreign-made cars.Cox Automotive, a research firm, estimates that tariffs would add $6,000 to the price of a car made in Mexico or Canada, two of the top exporters of vehicles to the United States. Affected models include the Toyota Tacoma pickup, gasoline and electric versions of the Chevrolet Equinox, and several models of Ram pickups. Ram is owned by Stellantis, which also produces Dodge, Chrysler and Fiat vehicles.In addition to Canada and Mexico, the United States imports many…

After months of threats, the White House unveiled plans on Wednesday to impose tariffs on automobiles imported to the United States, a plan that is likely to hit car companies across the European Union hard.The move — which would place a 25 percent tariff on all cars not built in the United States — could ramp up pressure on Europe to respond with countermeasures.European Union officials have already announced plans to allow tariffs that were instituted during President Trump’s first term to snap back into place, and have said they will place a new set of tariffs on a wide…

President Trump said on Wednesday that he would impose a 25 percent tariff on cars and car parts that were imported into the United States, a move that could encourage U.S. auto production over the longer run but is likely to throw global supply chains into disarray and raise prices for Americans who buy an automobile.The tariffs will go into effect on April 3 and apply both to finished cars and trucks that are shipped into the United States and to imported parts that are included in cars assembled at American auto plants. Those tariffs will hit foreign brands as…

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…

Under President Trump, the Consumer Financial Protection Bureau has dropped nearly a dozen enforcement cases brought during the Biden administration, ending lawsuits against banks and lenders for a variety of financial practices that the watchdog agency no longer considers illegal.But on Wednesday, the bureau went a step further: It is seeking to give back $105,000 that a mortgage lender paid to settle racial discrimination claims last fall.In an especially strange twist, the case — against Townstone Financial, a small Chicago-based lender — was brought during Mr. Trump’s first term by Kathleen Kraninger, the director he appointed to run the consumer…

In 2019, an A.I. researcher, François Chollet, designed a puzzle game that was meant to be easy for humans but hard for machines. The game, called ARC, became an important way for experts to track the progress of artificial intelligence and push back against the narrative that scientists are on the brink of building A.I. technology that will outsmart humanity. Mr. Chollet’s colorful puzzles test the ability to quickly identify visual patterns based on just a few examples. To play the game, you look closely at the examples and try to find the pattern. Each example uses the pattern to…

Tesla could be a winner from the auto tariffs announced by President Trump on Wednesday — or at least suffer less than its competitors.Tesla, whose chief executive, Elon Musk, has taken a leading role in the Trump administration, makes all the cars that it sells in the United States in California and Texas. That means that Tesla vehicles will not be subject to tariffs, although the company will still see its production costs rise because of tariffs on imported parts.Tesla’s Model Y sport utility vehicle and Model 3 sedan were the two best-selling electric vehicles in the United States last…

Stocks slumped on Wednesday ahead of President Trump’s announcement of tariffs on auto imports, as investors braced for levies that could disrupt carmakers’ supply chains and raise costs for consumers.The S&P 500 fell roughly 1.1 percent for the day, and the tech-heavy Nasdaq Composite was 2 percent lower. The downturn reflected ongoing volatility in the stock market, which has been fueled by Mr. Trump’s whiplash on trade policies and concern among investors that sweeping tariffs could reignite inflation and slow down the U.S. economy.Shares of most major automakers dropped on news from the White House that Mr. Trump would announce…