1 month ago
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Sweeping new tariffs announced by U.S. President Donald Trump provoked dismay, threats of countermeasures and urgent calls for talks to find ways to rescind the stiff new import taxes imposed on goods from countries around the globe.
The action amounts to a historic tax hike that could push the global order to a breaking point. It kickstarts what could be a painful transition for many Americans as middle-class essentials such as housing, autos and clothing are expected to become more costly, while disrupting the alliances built to ensure peace and economic stability.
Other news we’re following:
- Senate votes to counter Trump’s tariffs on Canada: Passed 51-48, the resolution would end the presidential emergency declaration on fentanyl that underpins tariffs on Canada. The legislation has little chance of passing the Republican-controlled House but shows the limits of Republican support for Trump’s vision of remaking the U.S. economy by restricting free trade.
- New AP-NORC poll: Trump’s dramatic changes to the federal government haven’t emerged as an obvious political winner or loser, according to a new poll that indicates some Americans may be giving him the benefit of the doubt for now on his Department of Government Efficiency.
- Rubio tries to reassure allies of US commitment to NATO: U.S. Secretary of State Marco Rubio and the Trump administration’s new envoy to NATO are seeking to reassure wary NATO allies of the U.S. commitment to the alliance. Rubio on Thursday decried “hysteria and hyperbole” in the media about Trump’s intentions despite persistent signals from Washington that NATO as it has existed for 75 years may no longer be relevant.
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