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Trump’s Big Bet: Americans Will Tolerate Economic Downturn to Restore Manufacturing

The president offers many reasons for imposing tariffs, including revenue, leverage over competitors and job creation. But history suggests a more complex history.

© Maansi Srivastava for The New York Times

President Trump has acknowledged in recent days that the United States may be headed into a recession, even as he doubles down on imposing tariffs on Canada, Mexico, China and the European Union.
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Europe Expected a Transactional Trump. It Got Something Else.

Europe had been banking on a United States that wanted to make a deal on tariffs and trade. With little progress in that direction, it’s reluctantly starting to hit back.

© Doug Mills/The New York Times

President Trump at a business round table in Washington, this week. After American tariffs on steel and aluminum kicked in on Wednesday, Europe announced a sweeping package of retaliatory tariffs.
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Plans for a Chinese Port in the Black Sea Roil Georgia Politics

Georgia’s government sparked an uproar by announcing that a port project on the Black Sea will be awarded to a company from China after canceling a contract with a consortium that included Western firms.

© Justyna Mielnikiewicz for The New York Times

The construction site of Georgia’s first deep-sea port on the Black Sea, in Anaklia, in January.
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China Cools on Musk: ‘Two Cars for the Price of One Tesla’

Elon Musk, the company’s chief executive, is fast losing out to Chinese electric carmakers in Tesla’s second-most-important market.

© Manaure Quintero/Agence France-Presse — Getty Images

A Xiaomi SU7 ultra electric car. Chinese drivers that once flocked to Tesla are turning more and more to local brands that offer more efficient cars with better technology, sometimes at half the price.
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Government Shutdown Looms With Senate Democrats Opposing 6-Month Funding Bill

The top Senate Democrat said his members were not ready to provide the votes to allow the Republican-written stopgap spending measure to pass ahead of a Friday night deadline. There is still time for a reversal.

© Haiyun Jiang for The New York Times

Senator Chuck Schumer, Democrat of New York and the minority leader, with Senator Patty Murray. The standoff puts Senate Democrats at risk of being blamed for any shutdown.
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