Author: News Room

One Response to Trump’s Tariffs: Trade That Excludes the U.S.

In May, the 10-country Association of Southeast Asian Nations, known as ASEAN, will meet the six Middle Eastern nations that make up the Gulf Cooperation Council. The summit’s host, Malaysia, has invited China to attend.China is also poised to update its own free-trade agreement with ASEAN, which includes Cambodia, the Philippines, Indonesia and Vietnam. And trade and investment between ASEAN and India, the world’s most populous nation, is deepening.Britain, too, recently christened a new partnership. In December, it officially joined the trans-Pacific trade bloc, a group that includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and…

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How the New Orleans Saints Helped the Catholic Church Handle a Sex-Abuse Scandal

The Archdiocese of New Orleans was facing a crisis. A sex-abuse scandal was bursting into public view, sending shock waves through the heavily Catholic city.Leaders of one of New Orleans’s other major institutions, the N.F.L.’s New Orleans Saints, were concerned. Gayle Benson, the team’s owner, is a devout Catholic, major church benefactor and close friend of Archbishop Gregory Aymond.So in July 2018, when Greg Bensel, the Saints’ head of communications, saw a local news story revealing that a former deacon who had been removed from the ministry after abuse accusations was serving in a public role at a local church,…

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Weighing the Fallout From Trump’s Looming Trade War

What a weekend of headlines, from tariffs on Canada, China and Mexico to Elon Musk getting inside the Treasury Department’s payment system. We have all of the details below — a cheat sheet of the whirlwind of changes that will probably affect the global economy and society. We also have lots of questions about what’s happening.If the tariffs are a negotiating tool, how long will negotiations take — and how is President Trump measuring success? Moreover, how long will the American public be willing to suffer the “pain” that Trump acknowledged his tariffs will inflict? The Venn diagram of those…

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Three Years After Ukraine Invasion, Europe Still Deals With Energy Crisis

At a newly built dock along Germany’s Elbe River, tankers from the United States unload liquefied natural gas to fuel factories and homes. In central Spain, a forest of wind turbines planted atop mountains helps power the energy grid. In French government buildings, thermostats have been lowered in winter to save electricity.In the three years since Russia’s invasion of Ukraine ignited an energy crisis across Europe, the continent has transformed how it generates and stores power. Russian natural gas, long Europe’s energy lifeline, has been replaced with other sources, notably liquefied natural gas from the United States. Wind and solar…

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Global Markets Brace for Fallout From Trump Tariffs

Markets around the world braced for volatile trading on Monday as investors began to assess the potential fallout from President Trump’s announcement of tariffs on Mexico, Canada and China.On Monday, markets in Japan and South Korea were more than 2 percent lower. The Taiwan Stock Exchange weighted index slumped around 4 percent. Overnight trading on Wall Street pointed to a sharp slide for U.S. stocks when the markets open in New York on Monday.As investors begin to assess the potential fallout from what could be the start of a disruptive trade war, big exporting countries in Asia are likely to…

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OpenAI Unveils New A.I. Agent for Research

A week ago, OpenAI released a tool that can go online to shop for groceries or book a restaurant reservation. Now it is offering A.I. technology that can gather information from across the internet and synthesize it in concise reports.OpenAI unveiled the new tool, called Deep Research, with a demonstration on YouTube on Sunday, days after showing the technology to lawmakers, policymakers and other officials in Washington.“It can do complex research tasks that might take a person anywhere from 30 minutes to 30 days,” Kevin Weil, OpenAI’s chief product officer, said at the event in Washington. By contrast, Deep Research…

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Plane and Aircraft Tug Collide in Chicago, Critically Injuring Driver

A worker at Chicago O’Hare International Airport was critically injured on Saturday after a vehicle that tows aircraft and a plane collided, causing the vehicle to flip over, officials said.The collision took place about 7:35 p.m. local time, when an Air Wisconsin jet that was approaching a gate struck the vehicle, which is also known as a tug, the Federal Aviation Administration said.“The tug flipped over, pinning the driver underneath it,” the Chicago Police Department said.The tug was driven by a 64-year-old man who sustained head and lower-body injuries, the police said on Sunday. He was taken in critical condition…

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What Is IEEPA, the Law Trump Used to Impose Tariffs?

President Trump said on Saturday that he would impose tariffs on Mexico, Canada and China using a decades-old law that gives the president sweeping economic powers during a national emergency.“This was done through the International Emergency Economic Powers Act (IEEPA) because of the major threat of illegal aliens and deadly drugs killing our Citizens, including fentanyl,” Mr. Trump wrote in a social media post on Saturday. “We need to protect Americans, and it is my duty as President to ensure the safety of all.”On his first day back in office, Mr. Trump declared a national emergency at the southern border.…

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Trade War Heats Up After Trump Orders Tariffs and Canada Retaliates

The United States and its biggest trading partners were hurtling on Sunday into a new era of protectionism as Canada, Mexico and China said they would adopt countermeasures against new tariffs levied by President Trump.From honey to tomatoes, and from clothes to toilet bowls, a wide range of American goods that cross the border into Canada worth more than $100 billion will soon be hit with a 25-perent tariffs.“We don’t want to be here,” Prime Minister Justin Trudeau said in a somber televised address from Ottawa on Saturday night in which he spoke of the deep bonds between the neighbors.…

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From Groceries to Cars, Tariffs Could Raise Prices for U.S. Consumers

President Trump’s tariffs target countries that are major suppliers of a wide range of goods to the United States. For American families, the likely result is higher prices nearly everywhere they turn — in grocery aisles, car dealerships, electronics stores and at the pump.Mr. Trump on Saturday signed executive orders imposing tariffs on the country’s three largest trading partners, which are set to take effect at 12:01 a.m. Eastern time on Tuesday. All goods imported from Canada and Mexico will be subject to a 25 percent tariff, except Canadian energy products, which will face a 10 percent tariff, according to…

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