To Consider:

We cannot solve our problems with the same thinking we used when we created them.

Albert Einstein (1879-1955) German-born theoretical physicist

Terrazas del Rodeo

The New York Times - Economy

NYT > Business > Economy
  1. The Trump administration has been saying that the two countries are engaged in talks to resolve the dispute, but Beijing asserts that no such discussions are happening.
  2. President Trump said that “we’re meeting with China” on tariffs, comments aimed at soothing jittery financial markets. But Chinese officials say no talks have taken place.
  3. President Trump has said his punishing tariffs would force companies to build factories in the United States. But it is far from clear that they will have the effects he predicted.
  4. The president’s threats of tariffs have brought countries like Japan, South Korea and India rushing to negotiate, but they have sown chaos with bigger trading partners like China.
  5. Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their missions.
  6. The International Monetary Fund expects slower growth and higher inflation in the U.S. as a result of President Trump’s trade policies.
  7. The company, which has branched out from Greek-style yogurt, will invest more than $1 billion in the plant in the city of Rome.
  8. Retail executives huddled with the president amid fears that tariffs could result in higher prices.
  9. President Trump’s trade war is forcing companies to cut costs, raise prices, shrink profits, discontinue products and find other suppliers.
  10. Leaders of the union representing government workers say their battle is galvanizing but also alarming. “It’s insulting to say,” one said, “that we are lazy.”