Netizen: 16: Trump

US businesses brace for impact of all-out trade war Countries are preparing to respond in-kind if Trump follows through on his latest threats. Domestic industries fear the worst.
Irish tourist jailed by Ice for months after overstaying US visit by three days: ‘Nobody is safe’
UK inflation at highest for almost a year and a half
Chinese humanoid robot maker Unitree sees significant delivery growth in 2025 CEO Wang Xingxing says China’s humanoid robots have caught the world’s attention, signalling a potentially vast market for the sector
Trump Softens Tone on China to Secure Xi Summit and a Trade Deal Trump is now focused on cutting purchase deals with Beijing — similar to one he forged during his first term — and celebrating quick wins instead of addressing root causes of the trade imbalances. China posted a record trade surplus in the first half of the year amid booming exports........... On Tuesday, the US president said he would be fighting China “in a very friendly fashion.” ........ In meetings with his staff, Trump is often the least hawkish voice in the room, some of the people said.......... Others have argued successfully that allowing Nvidia to compete with Huawei on its own turf is essential to winning the AI race with China. That view, championed by Nvidia Chief Executive Officer Jensen Huang, has gained traction inside the administration ....... One person familiar with the plans said the tariff truce could be extended another three months. ........... Last week, US Secretary of State Marco Rubio said a summit between Trump and Xi is likely. Rubio, once among the staunchest China hawks in the Senate, said he had a “very constructive and positive” sit-down Friday with Chinese Foreign Minister Wang Yi. ........... during last month’s trade talks in London, Commerce Secretary Howard Lutnick openly said that recent export controls — officially justified on the basis of national security — were also designed to “annoy” Beijing. ........ A half-dozen tech industry officials who’ve interacted with Trump’s team on China said they often leave meetings wanting details only to see core goals evolve in later discussions. ....... The Asian country’s leverage stems from its grip on rare earth magnets and its ability to weaponize America’s dependence on those supplies. China now requires companies to hand over sensitive data and reapply for rare-earth export licenses every six months.

Supreme Court Keeps Ruling in Trump’s Favor, but Doesn’t Say Why In a series of terse, unsigned orders, the court has often been giving the green light to President Trump’s agenda without a murmur of explanation.

Trump Effect Starts to Show Up in Economy New data reflect that president’s tariff and immigration policies are boosting inflation and weighing on jobs .............. A chaotic rollout of tariffs is starting to filter through to price tags on store shelves. An immigration crackdown is beginning to weigh on jobs growth, measured by federal surveys. Taken together, the impact of President Trump’s whirlwind six months back in office is showing up in the economy. ........... a long stretch when Trump’s policies left little imprint on the hard data appears to be ending. ........... “Today’s report showed that tariffs are beginning to bite” ......... employment growth appears to have slowed in industries that rely heavily on workers who entered the country illegally. The foreign-born labor force has shrunk significantly since March. And recent immigrants appear more reluctant to take part in the Labor Department’s monthly survey of households. ............ Americans as of Sunday faced a 20.6% average effective tariff rate, according to the Yale Budget Lab, the highest since 1910. ............ The full effect of the tariffs might not be felt for months because of importers’ prior stockpiling, long shipping times and Trump’s mercurial dealmaking. But the Yale Budget Lab projects resulting price increases could amount to the equivalent of a $2,800 hit in yearly household income. ........... certainty around tariff levels eventually could give more companies cover to raise prices without losing market share. “Once this dynamic actually kicks in, it could become self-reinforcing” ........... White House officials have pushed against the consensus that importers will ultimately pass tariffs along to consumers. ........... “We continue to struggle to see signs of weakness” in our customers, JPMorgan Chief Financial Officer Jeremy Barnum said in an earnings call Tuesday. “The consumer basically seems to be fine.”

The Surprising Scientists Hit by Trump’s D.E.I. Cuts The N.I.H. has terminated hundreds of diversity grants awarded to young researchers, many of whom come from the very places that supported Trump.