Trump’s tariff and tariff strategy-New York Times

Investors search forward

The global markets from “Yippy” moved to a feeling of calm, with stocks in Asia and Europe mostly this morning and dollar that shows signs of life.

But business leaders and Consumers It is still preparing for more tremors from President Trump’s trade war, while many investors are exposed to the United States. (Only in: Beijing escalated its clash with Washington, Chinese airlines request to stop New Boeing Jet Deliveries.)

Trump’s recent response: Re -focus the message.

Where things stand: Trump’s tariff strategy was presented on the full offer on Monday, as the president indicated that he would be considered an exemption for auto parts-“they need a little time” to re-manufacture to the United States-but they emphasized that the fees on chips and pharmacists were coming.

Car shars rose on the news. But Nvidia, the chips giant, which has become the latest technology giant Promise a major local spending initiativeIt was below in the pre -market trade on Tuesday.

Trump’s policy in the jahl has pushed some merchants to the brink of the abyss. World investors threw their American shares In a registration clip During the past two months, an investor survey of Bank of America has shown this morning. They are also afraid of definitions that are sunk in the global economy.

Federal reserve officials and executives are increasingly involved in deflation concerns:

David Suleiman of Goldman Sachs did not mention “definitions” on the bank’s profit call on Monday, but he warned of the possibility of stagnation Increased. On the bright side: market fluctuation Further gain gains On Wall Street trading offices, including Goldman.
LVMH He warned that even her good competent customers were retreating from purchases. Her shares fell sharply on Tuesday – alongside most of the sector – where the luxury goods giant warned that uncertainty in the trade war may force them to raise prices.
Rafael PosticThe head of the Federal Reserve in Atlanta said that companies faced “fog” of uncertainty about changing the policy of customs tariffs, which puts the economy “in a major temporary situation.” Following: The Federal Reserve will have to slow down in reducing interest rates.

What Trump officials say: Kevin HaysitThe Director of the National Economic Council reduced the recession fears. Treasury Secretary Scott Bessin said there is.No evidence“Foreign countries were getting rid of treasury notes and bonds.

Pesint added that the White House has a “strong dollar” policy, although Trump has long grieved about his influence on exports. (More on the dollar below.)

It is worth noting that Bessent threw his support behind the federal reserve. The Treasury Secretary said It meets weekly with the Federal Reserve Chair, Jay Powell, indicating that the relations between the administration and the central bank are strong. “I think monetary policy is a jewel to preserve,” Bloomberg Television said.

Bessent added that the administration will start Conduct with candidates In the fall that can replace Powell, which ends in the period of next year.

Dealbook wants to hear from you

We would like to know how definitions affect your work. Have you changed suppliers? Low prices negotiated? Stop temporarily or employment? Plans to transfer manufacturing to the United States? Or is it helping your work? please Let’s know what you are doing.

This is what is happening

Actress Margori Taylor Green revealed the trading of stocks and bonds before the definitions rally. The Georgia Republics bought between 21,000 dollars and 315,000 dollars of stocks and sold the treasury bonds the day before President Trump’s request for a delay for 90 days on the definitions, prompting the market increase. This comes as Democrats, such as Senator Elizabeth Warren of Massachusetts, call for an investigation into people in Trump’s orbit. (The Trump administration denied that there Any illegal trading))

The Trump administration challenges the Supreme Court twice in one day. The White House rejected an order to restore Kilmar Armando Abyerigo Garcia, a Silvadori immigrant who was mistakenly deported. At an oval office meeting with the President of El Salvador on Monday, Foreign Minister Marco Rubio said: “There is no court in the United States the right to foreign policy of the United States.” White House also Refuse to confess Journalists from the Associated Press to the Oval Office event, challenging the order of the other Supreme Court.

According to Netflix, a 1 trillion dollars is followed. The internal broadcast giant shared internally An ambitious five -year plan to double the revenues – With a large part of the advertising sales – and the increase in the price of its share, according to the Wall Street Journal reports. But to achieve this, the company will need to increase the numbers of global subscribers significantly amid uncertainty in the trade war.

Playing book appears against Trump

In the first major challenge of Trump’s pressure campaign on higher education, Harvard rejected The last demands of the administrationDescribing a violation of the rights of the institution’s first amendment.

“No government – regardless of the party in power – should not dictate to private universities to study, who can accept and employ them, and any areas of study and investigation that they can follow,” Alan Garper, President of Harvard University, He said in a statement.

It is another important reprimand for Trump after law firms, such as Birkins Koy, raised the administration on executive orders that would paralyze their ability to represent customers. What is emerging is a playing book on how to stand in front of the White House Trump.

Right: The President targeted the major universities for what he says is insufficient to discriminate, such as anti -Semitism. In the case of Harvard, the administration Issued Including that it participates in all employment data and that it repairs academic departments and schools such as the College of Medicine.

after Harvard rejected These demands, White House officials said on Monday that the government will freeze $ 2.2 billion of grants to Harvard University, along with a $ 60 million contract. Last month, the administration said it was studying about $ 9 billion in university grants and contracts.

Some in the legal world have already taken Trump. When Perkins Koy sued the Trump administration, the 10 largest companies in the country through revenues did not support the battle, although more than 500 other people signed a friend of the court to support the lawsuit.

Which emphasizes the emerging division between law firms. Paul Weiss has created a settling template with Trump by agreeing to provide free services for the reasons he supports, which supports them. last major Follow companies.

A similar division appears between universities. Last month, Colombia agreed with great concessions after the Trump administration stripped it for $ 400 million of federal funds. But Printhon President recently spoke against the administration’s threats to block federal funds.

Some of the main players in Harvard’s battle have ties with Trump. Lawyers behind the school’s response are William Burke for Imanuel and Robert Hor from King & Spaling. Hur worked in the Ministry of Justice as part of the first Trump administration, where he fulfilled a special lawyer for President Joe Biden’s dealings with classified materials.

He represented Burke Trump Business Organization Paul Weiss also advised and also negotiated with the White House.

Zuckerberg on a pregnant woman

Mark Zuckerberg used the first day of martyrdom in the fight against the FTC against Meta to try to undermine the government’s efforts to dismantle its technical giant.

Basic trend: Meta competition is much larger than FTC says.

Meta does more than connecting friends and family, Zuckerberg witnessed. While this is essential for the company – and the FTC case focuses on the fact that consumers who illegally deprived him of other social networks – he said that the company ultimately in the field of “entertainment, learning about the world and discovering what is going on.”

Mitta’s main lawyer, Mark Hansen, added that the company faced strong competition, especially from Tijook. (One proof point: When Tiktok was briefly banned in the United States in January, he saw Facebook and Instagram an increase in use.)

Hansen said: “This issue is a bag of seizure of FTC theories in a state of war with the truth and in war with the law,” Hansen said. The agency’s definition was also described as “gerrymandering”.

Zuckerberg also sought to nominate old emails between him and the Lieutenant. When asked about a 2012 email message in which he discussed the purchase of Instagram, but then not to add new features, Zuckerberg said this represents “relatively early thinking”. He pointed out that his team ultimately invested a lot in the application of photos and video. (Emarketer marketing company in December was estimated that Instagram represents A. A little more than half Meta sales of American ads.)

What commentators say:

“The government’s issue is carefully designed to prepare the issue of Tijook’s impact on the market,” he wrote Martin Information peers.
“The idea that Meta’s extracts may exceed the origins of their historical friends and the family must be settled,” he wrote. Casey Newton platform.

The dollar maintains a decrease. It is complicated.

The US dollar is usually considered a haven during the tumultuous times. But since January, about 8 percent has decreased against other major currencies. The return on US Treasury bonds increased for 10 years last week to about 4.5 percent, from less than 4 percent in the previous week.

The dollar and the treasury usually flourish when the stocks are affected. This has led to a lot of gossip about whether global investors are retreating from the United States or if it is something more technical, such as Trade foundationOr sale by foreign governments. Sarah Kisler spoke to John Cannavan, the main analyst of the Exford Consulting Company, about how to understand the discussion.

The interview was edited and intensified.

How do you think about what is happening now? Does the United States lose its brand as a resort?

It is a source of concern, but it is not an emergency. We have already seen that President Trump begins to recognize some of these risks and fears, and this has reduced some pressure.

The economic power of the United States, the size and liquidity of the American asset markets and the US Treasury Market: These are all things that allow the United States to remain a major source of supplies of safe guard for the rest of the world, even if it is not the only source as it was in the past.

What do you need to change for you to think that it is an emergency?

Global markets are interconnected; There is no way to avoid it completely. If we close ourselves from the world more importantly, I think this will start to become more than one state of emergency for the dollar and the decoration.

Treasury Secretary Scott Payett said that selling bonds could be attributed to a large Investors are trying to cover the losses. How is this reasonable?

There was a lot of talk and speculation about relaxation The basis for deals Being partially responsible for what we saw, but the data issued by CFTC on Friday strongly indicates that this was not a relaxation of basic deals.

The evidence was basically, as shown in the data, a very short and growing base in the futures contracts of the Ministry of Treasury between investor investors, and a large and increasing location in the future of the treasury by asset managers. Indeed, these positions grew last week, until last Tuesday, rather than shrinking, and you expect if this trade was relaxing.

The new data really helped enhance the point that you cannot make sure to sell – and why. You cannot make sure that he was not foreign investors. We do not have evidence to definitely know it in one way or another.