The lower revenues, a result in part of President Trump’s trade war, could prove more damaging to the Russian economy than the penalties the United States and its allies have already imposed.
“I know what the hell I’m doing,” President Trump said during his address to the National Republican Congressional Committee in Washington on Tuesday night.
A yet-to-be-named Universal Studios theme park will be the country’s largest tourist attraction when it opens in 2031. But studio executives have not yet said which characters will be featured.
Behind Trump’s new tariffs is a goal that is as ambitious as it is unrealistic: eliminating the bilateral trade deficit with every U.S. trading partner.
The formula that the White House has devised for imposing tariffs means that, until U.S. imports from and exports to each country balance out, those nations will face additional levies.
Ms. Truss, Britain’s prime minister for 44 days, was forced out after her radical policies caused a market meltdown. But there are some key differences with President Trump.
Liz Truss after her resignation speech in October 2022. She was forced out of office by her own Conservative Party in little more than six weeks, the shortest tenure for a prime minister in British history.
The already battered spirits industry will see its supply squeezed if tariffs raise import costs and other countries’ retaliation closes off export markets.
China’s exports to developing markets have soared, opening indirect routes to the U.S. market that officials in Beijing worry may be closed under pressure from President Trump.
Xi Jinping wants China to surpass rivals as a tech superpower, undeterred by economic woes or trade wars. Critics ask if this focus neglects struggling citizens.
China’s top foreign affairs official, Wang Yi, cast his country as a force for peace and order even as Beijing provokes its neighbors and fuels trade tensions.
The country’s top leaders set an optimistic growth target but gave few hints of how to achieve it as their export-led strategy is challenged by rising tariffs on Chinese goods.
The uncertain reaction to Xi Jinping’s display of warmth made sense: Executives are eager for a reset after years in the cold but ever wary of meddling.
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