“”The trade war is now turning into a direct confrontation between the US and China … we could again be seeing escalation and de-escalation at the same time, pulling markets in different directions,” Rabobank analysts said.
And though a wider trade war is on hiatus, risks remain to the health of the US economy, and Trump’s move is “merely the end of the beginning,” according to JPMorgan.
Other parts of the president’s trade-policy overhaul are still in effect, including a 10% baseline tariff on most trading partners, 25% duties on steel and aluminum imports, and 25% duties on auto imports. Those elements could still lead to consequences analysts have warned about, such as rising prices and slower economic growth.”
“U.S. egg prices increased again last month to reach a new record-high of $6.23 per dozen despite President Donald Trump’s predictions, a drop in wholesale prices and no egg farms having bird flu outbreaks.”
“Amid recent travel advisories warning those coming to the U.S. plus strengthened immigration enforcement, many international travelers are starting to turn away from the U.S. as a destination. Between January and March 2025, foreign arrivals dropped by around 4.4% from those first three months last year, according to data from the National Travel and Tourism Office. In a March year-over-year comparison, that reduction doubles to almost 10%.”
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“Some fear for their safety over what could happen when trying to enter the nation’s borders. Others are angered at recent policies, like the trade wars, and rhetoric, refusing to spend their dollars in the U.S. A decline in overseas visitors could have significant long-term consequences for the economy, with travel and tourism one of the country’s leading industries, contributing 2.5% to the GDP”
“The Trump administration is canceling funding for the U.S. Global Change Research Program, the entity that produces the federal government’s signature climate change study, according to three federal officials familiar with the move.
The move, which had been widely expected, is a potentially fatal blow to the National Climate Assessment, the study that Congress mandated under the Global Change Research Act of 1990 be issued every four years to ensure the government understands the threats that rising temperatures pose and what is driving climate changes. The report is the U.S. government’s most comprehensive look at climate change and serves as a crucial guide to state and community efforts to prepare for the effects.”
“The Trump administration has upended what it calls “blatantly unfair” talks to set a carbon tax on international shipping and has vowed “reciprocal measures” to shield U.S. ships from any fees, according to a letter seen by POLITICO.
The International Maritime Organization’s Maritime Environmental Protection Conference (MEPC) is taking place in London this week and aims to reach a deal on reducing greenhouse gas emissions (GHG) from shipping.
“President Donald Trump is throwing the weight of the Justice Department against the last bastion of U.S. climate action: states and cities.
In a sweeping executive order signed late Tuesday, Trump ordered Attorney General Pam Bondi to “stop the enforcement of State laws” on climate change that the administration says are unconstitutional, unenforceable or preempted by federal laws.”
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“The move came as Trump presided over a White House event Tuesday aimed at reviving the coal industry, which has withered against competition from less expensive natural gas and renewables.
He pledged to a row of coal miners standing behind him that he’d direct the Department of Justice to “identify and fight every single unconstitutional state or legal regulation that’s putting our coal miners out of business.”
Some legal experts said the White House’s executive order would be “toothless,” though climate advocates worry about gambling with a judiciary dominated by conservative appointees. And in a statement, Democratic governors said Trump would not intimidate them from climate action.”
“The EU can apply retaliatory tariffs on nearly €21 billion of U.S. products like soybeans, motorcycles and orange juice after the bloc’s 27 countries assented to the measures on Wednesday, the European Commission announced.
“The EU considers U.S. tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy. The EU has stated its clear preference to find negotiated outcomes with the U.S., which would be balanced and mutually beneficial,” the EU executive said in a statement.
Hitting back against U.S. President Donald Trump’s steel and aluminum tariffs, the European Union’s countermeasures will apply in three rounds. Measures covering €3.9 billion in trade will go into force next week, with a further €13.5 billion from mid-May and a final round of €3.5 billion following in December.”
“The Trump administration froze $1 billion in federal funding for Cornell University and $790 million for Northwestern University, the White House confirmed.
The freeze is the latest in a series of federal funding attacks against the Ivy League, but Northwestern would be the first institution to face a funding cut outside of that group. University officials from Northwestern have said they have not yet received official notice of the funding freezes.”
“San Antonio sends almost half its exports to Canada, which makes the Texas trade hub one of the most vulnerable U.S. cities in the tariff war.
Mayor Ron Nirenberg says one in five jobs in his state is exposed by President Donald Trump’s new tariff regime — “300,000 jobs immediately on the block.””
“When Veronica Sanchez called a Social Security hotline Thursday, she waited two hours before her call was abruptly disconnected.
On Friday, she was on hold for six hours and still did not get through to anyone.
“I’m gonna have to take time out of my work to stand in line and hopefully get this resolved,” the 52-year-old medical practice manager in Canoga Park said Monday before calling one more time.
For Sanchez, the stakes are high: If she does not obtain a medical letter from the agency by April 15, her parents, who are on a fixed income, risk losing about $2,500 a month in medical care. They would no longer receive insulin medication for their diabetes, she said, and could lose their daily visit from a nurse.
But even if Sanchez shows up in person, she is not likely to speak to an agent. Field offices are no longer accepting walk-in appointments.
“The system, it’s broken down,” Sanchez said.
Elderly and disabled people — and those who care for them — are encountering a knot of bureaucratic hurdles and service disruptions after the Trump administration imposed a sweeping overhaul of the Social Security Administration system.”
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“In February, the agency that sends monthly checks to nearly 73 million Americans announced plans to slash 7,000 jobs and consolidate its regional offices from 10 to four as part of an effort to “reduce the size of its bloated workforce and organizational structure.” The cutbacks, enforced by Musk’s advisory team known as the Department of Government Efficiency, represent a 12% reduction of the agency’s workforce.
Sanchez does not believe she is reaping the benefits of government efficiency.
“It’s frustrating,” she said, noting that a call that would once take 15 minutes now involves much more work.”
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“Maria Town, president and chief executive of the American Assn. of People with Disabilities, told The Times that the system changes were not only hurting people’s ability to sign up and enroll for benefits. People already connected to the system who needed support were also having trouble appealing benefits decisions or accessing medical services.
“You can’t get anyone on the phone,” she said.
Even before Trump took office, Town said, the system had challenges: About 30,000 disabled people died in 2023 waiting for their SSDI application to be approved.”
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“About five months ago, Taylor said, he asked for the same letter at the same office and did not run into any issues. He didn’t know what to make of the difference and had not followed the changes in the White House.
“If this is what they’re doing in Washington, it isn’t fair to everyone else,” he said. “Poor people always seem to get the worst of it.””