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☆ Trump's proposed tariff increases would boost inflation by nearly 1%, Goldman Sachs estimates
▼ + stars: | 2024-11-26 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The latest tariff proposal from President-elect Donald Trump would likely put upward pressure on inflation in the United States, according to Goldman Sachs. The core PCE, which strips out food and energy prices, is the preferred inflation reading of the Federal Reserve. A tariff-linked increase in core PCE could scramble the calculations around Fed rate cuts. To be sure, it remains to be seen whether the tariffs will actually be implemented at the levels Trump proposed — or what exceptions might be made. Some of Trump's advisors and supporters have characterized the tariffs he proposed during the campaign as a bargaining position rather than a set policy.

Persons: Donald Trump, Goldman Sachs, Trump, Jan Hatzius, Hatzius, Dow Jones, Jerome Powell Organizations: PCE, Federal Reserve, Trump Locations: United States, China, Canada, Mexico, U.S, PCE

☆ Medicare, Medicaid: 7.4 million Americans could gain coverage for anti-obesity drugs under Biden proposal
▼ + stars: | 2024-11-26 | by ( Tami Luhby | ) edition.cnn.com time to read: +4 min

CNN —Millions more senior citizens and lower-income Americans could obtain coverage for costly anti-obesity drugs under a proposal being unveiled Tuesday by the Biden administration. Some Medicare enrollees could see their out-of-pocket costs drop by as much as 95%. The incoming Trump administration may not view expanding coverage of anti-obesity drugs as favorably. About 3.6 million Medicare enrollees with cardiovascular disease could be newly eligible for Wegovy, according to a KFF analysis released in April. Not all job-based health insurance plans cover anti-obesity medications, though larger employers are more likely to offer the benefit.

Persons: Biden, It’s, Joe Biden, Trump, Robert F, Kennedy Jr, Donald Trump, Dr, Mehmet Oz, don’t Organizations: CNN, Medicare, Department of Health, Human Services, RFK Jr, Fox, Services, Trump, Medicare enrollees, Food and Drug Administration, Congressional, Survey Locations: That’s, KFF

☆ Opinion | I Ran Operation Warp Speed. I’m Concerned About Bird Flu.
▼ + stars: | 2024-11-26 | by ( David A. Kessler | ) www.nytimes.com time to read: +1 min

I was co-leader of Operation Warp Speed, which began in Mr. Trump’s first term to accelerate the development of Covid-19 vaccines. I worked on the purchase and rollout of hundreds of millions of vaccines and on developing antiviral treatments. Now I am back at my job teaching at the medical school at the University of California, San Francisco. I have been monitoring the spread of bird flu, also known as H5N1, and discussing the situation with colleagues around the country. In addition, a child in Alameda County in California with minor respiratory symptoms tested positive for H5N1 recently; it is unclear how the child became infected.

Persons: Donald Trump, Biden, Trump’s Organizations: White, Biden administration’s, University of California Locations: San Francisco, United States, Alameda County, California

☆ When I moved from England to Florida 12 years ago, these 5 things seemed uniquely American to me. Now I can't live without them.
▼ + stars: | 2024-11-26 | by ( Lisa Trabin | ) www.businessinsider.com time to read: +3 min

AdvertisementWhen I moved from England to Florida 12 years ago, I found a few aspects of my new life strange. Twelve years ago, I married my American husband and moved from York, England, to Florida. AdvertisementHowever, now that I've been here for a while, I've grown to love many of the things I once found odd. Here are five aspects of life in Florida that I've grown to love. Related storiesThe elaborate outdoor seasonal decor caught my attentionI've grown to love elaborate holiday displays.

Persons: I've, I'm, Carol Yepes Organizations: Sunshine Locations: England, Florida, York, Canada, Europe, New England

☆ Hallucinogenic plants detected in residue from ancient Egyptian mug
▼ + stars: | 2024-11-26 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

CNN —Researchers have discovered the residues of psychedelic drugs, bodily fluids and alcohol inside a 2,000-year-old mug, suggesting that ancient Egyptians imbibed hallucinogenic beverages during rituals. “Religion is one of the most fascinating and puzzling aspects of ancient civilizations,” Tanasi said in a statement. Researchers analyzed a 2,000-year-old Bes mug for chemical and DNA traces. Tanasi scanned the Bes mug to conduct a three-dimensonal study of the vessel. “Inebriation played an important ritual role in some ancient Egyptian festivals, especially festivals associated with the flooding of the Nile,” Barrett said.

Persons: ”, Branko van Oppen, Davide Tanasi, Tanasi, we’ve, “, Bes, ” Tanasi, Cassidy Delamarter, ” van Oppen, Cassidy, Betsy Bryan, Alexander Badawy, Bryan, ” Bryan, Caitie Barrett, Barrett, “ Inebriation, ” Barrett, Hathor, “ Bes Organizations: CNN —, Tampa Museum of Art, Institute for Digital Exploration, University of South, Egyptian Art, Johns Hopkins University, Cornell Locations: Egypt, University of South Florida, Saqqara, Giza, Cornell University’s

☆ Trump said he'll charge up to an extra 25% on imports from Mexico, Canada, and China. Here's what the US buys from them the most.
▼ + stars: | 2024-11-26 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

AdvertisementPresident-elect Donald Trump is expanding his plans for tariffs on Mexico, China, and Canada. Trump's tariff plans could face legal issues, and he may choose not to implement them. The Census Bureau reported that in 2023, the US imported a total of about $1.3 trillion in goods from China, Mexico, and Canada combined. AdvertisementSome companies have already been preparing to increase prices as a result of Trump's tariff plans on the campaign trail. Trump wrote of the Mexico and Canada tariffs.

Persons: Donald Trump, Donald Trump's, Trump, John David Rainey, François Legault, Arturo Sarukhan, — Organizations: Business, Census Bureau, Walmart, CNBC, Trump, Companies Locations: Mexico, China, Canada, Quebec, United States, Mexican

☆ Trump says Mexico and Canada will get hit with 25% import tariffs on all goods once he takes office
▼ + stars: | 2024-11-26 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +2 min

AdvertisementPresident-elect Donald Trump announced sweeping tariffs on imports on goods from Canada, Mexico, and China. He says he plans to impose a 25% tariff on goods from Canada and Mexico. President-elect Donald Trump has announced a slate of tariffs that will hit the US's closest neighbors hard. These tariffs, Trump said, are because China's to blame for "the massive amounts of drugs, in particular Fentanyl, being sent into the United States." It is unclear what China's response to this new era of Trump tariffs will be.

Persons: Donald Trump, Trump Organizations: Trump, Representatives, Business Locations: Canada, Mexico, China, United States

☆ Trump vows an additional 10% tariff on China, 25% tariffs on Canada and Mexico
▼ + stars: | 2024-11-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. BEIJING — President-elect Donald Trump plans to raise tariffs by an additional 10% on all Chinese goods coming into the U.S., according to a post Monday on his social media platform Truth Social. The post immediately followed one in which Trump said his first of "many" executive orders on Jan. 20 would impose tariffs of 25% on all products from Mexico and Canada. He cited illegal immigration and illicit drug trade as reasons for the tariffs. "I have had many talks with China about the massive amounts of drugs, in particular Fentanyl, being sent into the United States – But to no avail," Trump said.

Persons: Donald Trump, Trump Organizations: Bund, BEIJING —, United Locations: Shanghai, China, BEIJING, U.S, Mexico, Canada, United States, Beijing, Washington

☆ The 10 U.S. states with the highest average credit scores
▼ + stars: | 2024-11-26 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

For the third year in a row, Minnesota residents have the highest credit scores in the U.S. with an average VantageScore credit score of 726, a recent report from WalletHub finds. Mississippi residents have the lowest average credit score of 672, but despite the 54-point difference, both the highest and lowest average scores qualify as "good," according to VantageScore's model. For one, Minnesotans carry relatively low average credit card balances, compared with the rest of the U.S., Bankrate reports. Your credit utilization rate is the amount of available credit you use at a given time. Here's a look at the average credit score in every state.

Locations: Minnesota, U.S, Mississippi, , Minnesota

☆ Israel Launches Heavy Strikes on Lebanon Ahead of Hezbollah Cease-Fire Deal Talks: Live Updates
▼ + stars: | 2024-11-26 | by ( Patrick Kingsley | Euan Ward | ) www.nytimes.com time to read: +3 min

The Israeli military also told entire towns in southern Lebanon to evacuate, including Naqoura, where a United Nations peacekeeping force is based. The cease-fire proposal, mediated by American and French diplomats, would start a 60-day process during which both sides would stop fighting and withdraw from southern Lebanon. Israel has sought guarantees from the United States that it would have U.S. support to send troops back into southern Lebanon if Hezbollah violated the arrangement. Hezbollah’s leader, Naim Qassem, suggested last week that the group would accept a truce if Israel stopped striking Lebanon and Lebanon retained its sovereignty. The cease-fire would officially be an agreement among Israel, Lebanon and the mediating countries, including the United States.

Persons: Benjamin Netanyahu, Netanyahu, Mr, Naim Qassem, Israel, Hassan Nasrallah, Jack Nicas, Myra Noveck, Euan Ward Organizations: Lebanese, United Nations, Lebanese Army Locations: Lebanon, Beirut, Tel Aviv, Israel, United States, States, Jerusalem

☆ Fentanyl Rises Again, This Time as Trump’s Diplomatic Weapon Against China
▼ + stars: | 2024-11-26 | by ( David Pierson | ) www.nytimes.com time to read: +1 min

At the heart of President-elect Donald J. Trump’s threat on Monday to slap China with new tariffs is a bitterly recurring issue: the flow into the United States of the potent opioid fentanyl, created using chemicals made in China. In September, Chinese officials expanded the list of so-called precursor chemicals used in making the drug, imposing more oversight. It was a rare instance of cooperation from China, which has otherwise stonewalled the United States on issues including nuclear arms control, support for Russia and human rights. China is the main source of chemicals used to make fentanyl, a synthetic opioid that kills tens of thousands of Americans a year. Much of the flow into the United States is from drug cartels in Mexico who mix the precursors and smuggle the finished product across the border.

Persons: Donald J, Biden, China’s, Xi Jinping Locations: China, United States, Woodside , Calif, Russia, Mexico

☆ The Migrant Caravans Trump Derides Rarely Make It Close to the U.S.
▼ + stars: | 2024-11-26 | by ( James Wagner | More About James Wagner | ) www.nytimes.com time to read: +1 min

When President-elect Donald J. Trump vowed to impose new 25 percent tariffs on all goods coming into the country from Canada and Mexico, he said he’d keep them in place until drugs and people were stopped from crossing U.S. borders. In particular, Mr. Trump mentioned a caravan of migrants bound for the United States from southern Mexico. It was the latest example of Mr. Trump using such collections of migrants to bolster his claims about the border — although it’s rare they ever get that far. The groups of thousands of migrants often come together in southern Mexico near its border with Guatemala, which is more than 1,000 miles from the United States. While waiting in the southern city of Tapachula for humanitarian visas to travel through Mexico, a process that can often take months, migrants band together as they prepare to move north.

Persons: Donald J, Trump, he’d Locations: Canada, Mexico, U.S, United States, Guatemala, Tapachula

☆ Automaker shares fall as Trump threatens 25% tariff on Mexico and Canada
▼ + stars: | 2024-11-26 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Jorge Duenes | REUTERSDETROIT – Shares of automakers General Motors and Stellantis fell Tuesday morning after President-elect Donald Trump threatened to put 25% tariffs on goods imported from Canada and Mexico into the U.S. UBS reports the automotive industry is responsible for 26% of imports from Mexico to the U.S., including vehicles and parts, and 12% from Canada. Nearly every major automaker operating in the U.S. has factories in Mexico, however GM and Stellantis produce highly profitable full-size pickup trucks there. Shares of Toyota Motor, Honda Motor and others with production in Mexico also were down at least 1%. Trump announced he intends to levy a 25% tariff on all U.S. imports from Canada and Mexico using an executive order when he is inaugurated on Jan. 20.

Persons: Jorge Duenes, Stellantis, Donald Trump, Trump Organizations: Toyota, REUTERS DETROIT –, General Motors, American Free Trade, UBS, GM, Barclays, Ford, Chrysler, Ford Motor, Toyota Motor, Honda Motor, North American Free Trade, American Automotive Policy Council Locations: U.S, Tijuana , Mexico, Canada, Mexico, United States

☆ Eli Lilly shares jump on two big updates and Jim Cramer is so here for it
▼ + stars: | 2024-11-26 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Eli Lilly shares soared Tuesday on a one-two punch of good news. The second positive development for Eli Lilly comes from Amgen , which reported mid-stage trial results for its experimental obesity treatment known as MariTide. Big picture The prospect of across-the-board coverage of obesity drugs for Medicare and Medicaid enrollees would be a financial win for Eli Lilly, particularly on the Medicare front. For its part, Eli Lilly has said regulators could expand Zepbound's label to cover obstructive sleep apnea by year-end. An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024.

Persons: Eli Lilly, Jim Cramer, Biden, Lilly, didn't, Wegovy, Zepbound, Biden administration's, Donald Trump, Wells, Robert F, Kennedy Jr, Trump, Kennedy —, Kennedy, Novo, Leerink, Eli Lilly's tirzepatide, Piper Sandler, tirzepatide, Piper, Jim, Amgen's, retatrutide, Jim Cramer's, Shelby Knowles Organizations: Novo Nordisk, Medicaid, NBC News, White, Medicare, Centers, Services, STOP, Alliance, Wells Fargo, of Health, Human Services, Food and Drug Administration, Senate, Biden, Club, CNBC, Bloomberg, Getty Locations: New York, Texas, Amgen, Lilly, Brooklyn

☆ Israel has agreed to a truce in Lebanon with Hezbollah. Here’s what that means
▼ + stars: | 2024-11-26 | by ( Tamara Qiblawi | ) edition.cnn.com time to read: +8 min

CNN —Israel and Lebanon have accepted a US-backed proposal to end the 13-month border conflict that spiraled into an all-out war in September with Hezbollah. What the deal entailsThe deal stipulates a 60-day cessation of hostilities, which negotiators have described as the foundation of a lasting truce. On September 27, Israel killed Hezbollah’s long-time leader Nasrallah in a massive attack in the southern suburbs of Beirut, upending the truce talks. Since October 2023, Hezbollah’s attacks on Israel have killed 47 Israeli civilians and 31 security forces in Israel. Palestinians in Gaza are unlikely to find respite if a Lebanon deal is signed, according to a regional analyst.

Persons: CNN —, Joe Biden, Biden, Emmanuel Macron, Isaac Herzog, “, ”, ” Herzog, Israel, Chris McGrath, Hassan Nasrallah, Hezbollah’s, Nasrallah, Ahmad Al, ” Hellyer, Bashar Taleb Organizations: CNN, UN, United Nations, Lebanese, Royal United Services Institute, Getty, US, United Locations: CNN — Israel, Lebanon, Israel, France, Iran, overflights, Lebanese, Aadaysit, Gaza, Beirut, upending, ”, London, Deir el, Balah, United States

☆ AI engineers are in high demand — but what is the job really like?
▼ + stars: | 2024-11-26 | by ( Nessa Anwar | ) www.cnbc.com time to read: +1 min

"Artificial intelligence" and "job creation" aren't typically two terms thrown together in the same sentence — and for good reason. One report from Goldman Sachs in 2023 estimated 300 million full-time jobs could be lost to automation. Tens of millions of jobs are also being created by AI, with jobs that require AI specialist skills growing at 3.5 times the pace of jobs overall. CNBC met with three Singaporeans working with AI across multiple sectors, as they fought scams and fraud, developed large language models and designed chatbots. Watch the video above to learn how engineers are leveraging AI in their jobs – and why it's never too late for a career switch.

Persons: Goldman Sachs, 2016,1, Rajat Maheshwari, Mastercard Joel Garcia, it's Organizations: CNBC, & Intelligence Solutions, Mastercard, ASEAN, Amazon Leong, SEA Locations: United States, United Kingdom, Canada, Singapore

☆ After Trump’s Tariff Threat, Is a China Currency War Next?
▼ + stars: | 2024-11-26 | by ( Keith Bradsher | ) www.nytimes.com time to read: +1 min

Beijing has a powerful tool for responding to President-elect Donald J. Trump’s threatened new tariffs on Chinese goods: It could start a currency war, a step that poses formidable risks for China as well as the United States. Letting China’s currency, the renminbi, lose value against the dollar would be a tried and true answer to tariffs. A cheaper renminbi would make Chinese exports less expensive for overseas buyers, mitigating the harm to China’s competitiveness from Mr. Trump’s tariffs. A strategic devaluation of China’s currency, which is tightly controlled by the country’s central bank, could allow Beijing to supercharge its powerful export machine. China is poised for further gains, as its banks step up lending to build new factories.

Persons: Donald J, Trump’s, Trump Locations: Beijing, China, United States, Canada, Mexico

☆ Dementia may arrive a decade earlier in men at high risk for heart disease, study finds
▼ + stars: | 2024-11-26 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +8 min

CNN —Men at risk for heart disease may develop dementia up to a decade earlier than similarly at-risk women, a new study found. “This is novel finding with significant health implications.”Cardiovascular diseases are the leading cause of death in the world, according to the World Health Organization, and heart disease has been the No. Heart disease risk factors include obesity, diabetes, high blood pressure and cholesterol, along with smoking, drinking too much alcohol and not getting proper exercise and adequate sleep, according to the US Centers for Disease Control and Prevention. “Some observational studies have shown that midlife vascular risk factors, such as hypertension, high cholesterol, and obesity are associated with a higher risk of dementia, but not in late life,” Wei said. “Men have more fat (buildup) lining the internal organs (visceral fat) while women have more fat around the hips (subcutaneous fat),” Edison said.

Persons: ”, Paul Edison, Edison, epidemiologist Jingkai Wei, Wei, ” Wei, Charday Penn, VBM, Gray, ” Edison, “ Organizations: CNN, Imperial College London, World Health Organization, US Centers for Disease Control, Memory Research, University of Texas Health Science Center, Neurology, Neurosurgery, Psychiatry, CNN’s Locations: United States, Houston, midlife

☆ Israeli Ministers Plan to Vote on Truce With Hezbollah
▼ + stars: | 2024-11-26 | by ( Patrick Kingsley | More About Patrick Kingsley | ) www.nytimes.com time to read: +1 min

Prime Minister Benjamin Netanyahu of Israel was expected to meet on Tuesday afternoon with senior cabinet ministers to decide whether to approve a cease-fire with Hezbollah, potentially setting the stage for an end to Israel’s 13-month war with the Lebanese militia. The proposal, mediated by American and French diplomats, would start a 60-day process during which both sides would stop fighting and withdraw from southern Lebanon. Israeli forces would return south of the Israel-Lebanon border, while Hezbollah would retreat north of the Litani River, allowing the Lebanese Army — which is not a party to the Israel-Hezbollah conflict — to fill the vacuum. But many questions about the proposal remain unanswered, including how the Lebanese Army would exert authority over the powerful militia. Israel has sought guarantees from the United States that it would have U.S. support to send troops back into southern Lebanon if Hezbollah violated the arrangement.

Persons: Benjamin Netanyahu, Israel Organizations: Lebanese Army Locations: Tel Aviv, Lebanon, Israel, United States

☆ Biden Cuts Intel’s Chip Award
▼ + stars: | 2024-11-26 | by ( Ana Swanson | Tripp Mickle | ) www.nytimes.com time to read: +1 min

The Biden administration said Tuesday that it would award up to $7.86 billion in direct funding to Intel, with the U.S. chip giant set to receive at least $1 billion of that money before the end of the year. The money is a reduction from Intel’s preliminary award of $8.5 billion, which President Biden announced during a visit to the company’s Arizona plant in March. The Commerce Department said it had reduced Intel’s grant because the chip maker, the biggest recipient of money under the CHIPS Act, also received a $3 billion contract to make semiconductors domestically for the military. But the Commerce Department also detailed in a project document that Intel, which is under financial pressure because of a sales slump, had extended timelines for some projects beyond a 2030 government deadline. It also reduced the estimated jobs it would create in Ohio, where it will require 3,500 fewer employees than the 10,000 it previously estimated, the Commerce Department said.

Persons: Biden Organizations: Intel, Commerce Department Locations: U.S, Arizona, United States, Ohio

☆ Huawei Targets Apple with Advanced Chip Innovation in China
▼ + stars: | 2024-11-26 | by ( Meaghan Tobin | John Liu | ) www.nytimes.com time to read: +1 min

Last year, the tech giant Huawei catapulted to the top of the smartphone market in China when it released the Mate 60 Pro, a phone that contained a tiny computer chip more advanced than any previously made by a Chinese company. The chips used by Huawei’s smartphones have become a symbol in the struggle between China and the United States for control over advanced technology. Policymakers in Washington have spent years trying to prevent Chinese companies from being able to make the kind of chip Huawei uses in its Mate phone. Shoppers in China were excited to buy a phone with state-of-the-art components that had been made entirely at home. Huawei was able to appeal to Chinese customers who previously would have been more likely to buy iPhones, eating into Apple’s most important market outside the United States.

Organizations: Huawei Locations: China, United States, Washington, U.S

☆ North Korea expands weapons plant that makes missiles used by Russia against Ukraine, researchers say
▼ + stars: | 2024-11-26 | by ( Lauren Kent | ) edition.cnn.com time to read: +5 min

CNN —North Korea is expanding a weapons plant that manufactures missiles used by Russia against Ukraine, according to new research from a US-based think tank. Located in the country’s second-largest city, Hamhung, the factory has been visited several times by North Korean leader Kim Jong Un, with North Korean state media previously touting its mass-production of tactical missiles. Attacks on Ukraine with KN-23 missilesRussia has fired about 60 North Korean KN-23 missiles (Hwasong-11A) at Ukraine this year. And strikes using North Korean missiles have killed at least 28 people and injured 213 this year, the Ukrainian prosecutor general told CNN last week. Moscow and Pyongyang have both previously denied that North Korea has exported weapons to Russia, despite significant evidence of such transfers.

Persons: James Martin, Kim Jong Un, Sam Lair, Lair, they’re, ”, CNN’s Helen Regan, Daria Tarasova, Nick Paton Walsh, Victoria Butenko Organizations: CNN, Ukraine, James, James Martin Center, Nonproliferation Studies, Middlebury Institute of International Studies, North, Center, Planet Labs, Planet Labs PBC, Nonproliferation, North Korean, Russia, Korean, Ukraine’s, Corruption Locations: North Korea, Russia, Hamhung, North Korean, Ukraine, Moscow, Pyongyang, Western, Korea, United States, Netherlands, United Kingdom, Kursk

☆ Does the United States Have an Infertility Crisis?
▼ + stars: | 2024-11-26 | by ( Dani Blum | ) www.nytimes.com time to read: +1 min

It’s become a popular talking point among some of President-elect Trump’s most prominent supporters: America has an infertility problem. “Why are so many couples infertile?” Robert F. Kennedy Jr., Mr. Trump’s nominee to lead the Department of Health and Human Services, asked in a September post on the social media site X. Dr. Casey Means, a former surgeon and health influencer who has advised Mr. Kennedy, has called infertility a “crisis.”And Mr. Trump himself has said he would task Mr. Kennedy with investigating “the decades-long increase in chronic health problems,” including infertility, or the medical inability to conceive. Like people in many other developed regions across the globe, Americans are having fewer children now than before — a demographic trend that has alarmed some conservatives in particular. Some of that is likely a result of social and economic factors, like steep child care costs, housing prices and more people choosing to forgo starting families.

Persons: It’s, Trump’s, Robert F, Kennedy Jr, Casey Means, influencer, Kennedy, Trump Organizations: America, Department of Health, Human Services

☆ Tariff Threats Show Trump’s Commitment to Upending Global Trade
▼ + stars: | 2024-11-26 | by ( Ana Swanson | ) www.nytimes.com time to read: +1 min

President-elect Donald J. Trump’s threats to impose damaging tariffs on Canada, Mexico and China may ultimately be an opening wager to try to use the power of the American market to persuade other countries to stem a flow of drugs and migrants across U.S. borders. But even if the threat to impose vast tariffs on some of the world’s largest economies is a negotiating tactic, it is also a gambit that has immediate real-world consequences. Before Mr. Trump even sets foot in the Oval Office, his threat to put tariffs on America’s three largest trading partners on his first day in office was reverberating around the world, shocking international businesses, rocking diplomatic relationships and calling into question two big trade deals that Mr. Trump negotiated during his first term. Mr. Trump’s pronouncement late Monday that he would impose a 25 percent tariff on all goods from Canada and Mexico and a 10 percent tariff on products from China was immediately denounced by business groups, who said such a move would cause grave economic harm. Foreign officials rushed to reassure the incoming Trump administration that they had been working to stop drugs and migrants from coming into the United States — while warning that they were also ready to turn around and impose their own tariffs on American exports.

Persons: Donald J, Trump Organizations: Office, Trump, United Locations: Canada, Mexico, China, U.S, United States

U.S. President-elect Donald Trump at a viewing of a test-flight launch of the SpaceX Starship rocket in Brownsville, Texas, Nov. 19, 2024. Brandon Bell | Getty Images News | Getty ImagesAs Inauguration Day nears, investors are trying to unravel what booms or busts lay ahead under President-elect Donald Trump. Yet the energy sector climbed 22.9% under Biden as of Nov. 19, despite the administration's push for renewables and sustainability. As president, Trump is expected to embrace crypto more than any of his predecessors. When Biden won in 2020, there was a lot of panic about the outlook for energy, oil and gas.

Persons: Donald Trump, Brandon Bell, Jeremy Goldberg, Goldberg, Larry Adam, Raymond James, Trump, Adam, Biden, Monty Rakusen, John Murphy, Murphy, Callie Cox, Cox, Greg Iacurci Banks, Jamie Dimon, Andrew Harrer, Brian Spinelli, Halbert Hargrove, Spinelli, David Rea, Lorie Konish, Bill Varie, —, — Greg Iacurci Crypto, Kevin Wurm, Matt Apkarian, Apkarian, Christina Lynn, there's, Lynn, — Lorie Konish, Cooper Neill, Joe Biden, Mike Cerasoli, Cerasoli, you'll, — Lorie, Images Trump, Robert F, Kennedy Jr, bode, David Weinstein, Weinstein, Chris Unger, Charles, Vivek Ramaswamy, Greg Iacurci, Thomas Barwick, Ted Decker, Decker, TJ Maxx, Lorraine Hutchinson, — Greg Iacurci, Donald J Organizations: SpaceX, Getty, Trump, Professional Advisory Services, Digitalvision, EV, Biden, Bank of America Securities, Ford, Ritholtz Wealth Management, U.S . Federal, JPMorgan Chase &, White, Bloomberg, CNBC, Salem Investment, Bank, — Greg Iacurci Crypto Republican, Reuters, bitcoin, Liberty Financial, Cerulli Associates, Mariner Wealth, — Lorie Konish Energy, Double Eagle Energy Holdings LLC, Eagle Global Advisors, Images, Department of Health, Human Services, RFK, U.S . Senate, Merck, Pfizer, Dana Investment, Affordable, Publicly, HCA Healthcare, UFC, Madison, Garden, Ufc, Medical, Charles River Laboratories, Food and Drug Administration, of Government, Retailers, Walmart, Marshalls, Google, Twitter, Trump National Golf Club, Washington Post Locations: Brownsville , Texas, California, U.S, Iran, Venezuela, Washington, Long Beach, Calif, Salem, Winston, Salem , North Carolina, Ritholtz, Nashville , Tennessee, cryptocurrency, Lynn, Midland , Texas, Houston, New York, China, North America, HomeGoods, Bedminster , NJ, Jabin

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