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Boston Globe
19 hours ago
- Boston Globe
Cambridge names three finalists for district superintendent Monday
Mayor Denise Simmons, who serves as School Committee chair, did not respond to requests for comment Monday. Cambridge has been without a permanent schools leader since May 2024, when the School Committee voted Related : Advertisement Murphy, an attorney who had been serving as the district's chief operations officer, was named the interim superintendent that June. None of the finalists immediately responded to a request for comment Monday afternoon. The district will hold listening sessions during the week of Aug. 20, and School Committee members will conduct site visits to the finalists' school districts the week of Sept. 15, according to a schedule posted by the district. There will also be opportunities to meet each of the finalists during the week of Sept. 22, according to the district. The School Committee will interview the finalists on Sept. 30 and Oct. 1, and a vote to select the next superintendent is expected Oct. 6, according to the district. Advertisement Finalist interviews will be broadcast live and will be open to the public, the district said in its announcement. Public comment will not be included, it said. Cambridge's public school district is home to about 7,000 students, according to state data, and more diverse than the state as a whole. Black students make up more than one-fifth of the district, while Asian and Latino students each count for about 15 percent, the state reported. Around a tenth of Cambridge's students are multi-race, and roughly a third are white, state data showed. Students and Cambridge district staff represent more than 109 countries, 89 languages are spoken in the schools, and about 30 percent of students speak a first language other than English, according to an online description for the superintendent's job. The superintendent oversees a district with more than 2,000 employees, including educators, and a proposed budget of $280 million for fiscal 2026. Greer, the previous Cambridge superintendent, had Smith drew complaints from teachers and parents over her decision-making on issues like the assignments of some assistant teachers in classrooms and a police presence at the school. Cambridge Public Schools hired an outside law firm to review Smith's leadership of the school early in 2024, which determined the allegations against Smith were unsubstantiated. Greer was placed on paid leave until her final day in early August 2024. Greer, whose tenure as superintendent ended a year early, received more Advertisement Greer earned $260,000 in fiscal 2023, the first year of her three-year contract, which also included a 2.5 percent bump in pay in each of the remaining two years. 'I am saddened to leave,' Greer This is a developing story. Check back for updates. John Hilliard can be reached at
Los Angeles Times
a day ago
- Los Angeles Times
Trump set to make final call on China tariff truce extension
US President Donald Trump is set to make the final call on maintaining a tariff truce with China before it expires in two weeks, an extension that would mark a continued stabilization in ties between the world's two biggest economies. The two sides agreed to extend their tariff truce, Chinese trade negotiator Li Chenggang told reporters in Stockholm without providing further details. Treasury Secretary Scott Bessent, who led the US delegation with Trade Representative Jamieson Greer, later said 'our Chinese counterparts have jumped the gun a little.' Asked on CNBC whether he'd recommend an extension of the pause, Bessent said he'd give Trump the facts, 'then he'll decide.' There's still 'a couple of technical details to work out,' Bessent told reporters Tuesday after two days of meetings with officials from Beijing led by Vice Premier He Lifeng. The Stockholm negotiations marked the third round of US-China trade talks in less than three months. They wrapped up ahead of an Aug. 12 deadline to resolve differences during a 90-day suspension of sky-high tariffs that had threatened to cut off bilateral trade. Adding an extra 90 days is one option, Bessent said. 'While there is disappointment that nothing material was agreed, the mood seems to be constructive and optimistic about future potential deals,' Kelvin Lam, senior China economist at Pantheon Macroeconomics in London, said in an initial assessment. Asian shares were mixed in early trade on Wednesday. The S&P 500 snapped a six-day rally. A 90-day extension would clear the path for Trump to visit China to meet with President Xi Jinping in late October, around the time of an international meeting in South Korea that the US leader is likely to attend. Speaking to reporters on Air Force One, Trump said he may meet with Xi before the end of the year. Trump also said he heard from Bessent that the talks with China went well. Trump-Xi Summit? Both sides have been taking steps to turn down the temperature and reduce flashpoints recently, with Chinese exports of rare earth magnets starting to recover in June and the US saying it would approve shipments of a semiconductor used for artificial intelligence which it had blocked. This week, the US also declined to allow Taiwanese President Lai Ching-te to transit through the US, removing a potential thorn in ties with the mainland, which claims Taiwan as its own territory. 'All of these moves are setting the stage for what I predict will be a summit between Trump and Xi before Thanksgiving,' Harvard professor Graham Allison said on X. Allison last month met with China's foreign minister and the party secretary of Shanghai, who is a member of the Politburo. The Stockholm round came on the heels of the Trump administration reaching preliminary tariff deals with Japan and the European Union. Bessent said his Chinese counterparts were in 'more of a mood for a wide-ranging discussion.' The US treasury chief told CNBC that the Chinese side came to talks with a delegation of 75 people, versus the 15-strong team fielded by Washington. 'We start out in a very large room, probably 12 or 15 on each side of the table,' he said. The 'real work gets' done when delegates 'break down into smaller groups of two-on-two,' he added. Unlike at the previous talks in London, the US team this time around didn't include Commerce Secretary Howard Lutnick, who oversees Washington's export control regime. With the outlook for tariffs looking less dire than in April, the International Monetary Fund this week raised its forecasts for global growth this year. The truce has also helped China's economy, with the IMF boosting its 2025 outlook for the country to 4.8%, noting the lower levies and stronger-than-expected activity in the first half. At issue in the ongoing dialogue is how the two countries seek to maintain a stable trading relationship while applying barriers like tariffs and export controls to limit each other's progress in critical sectors ranging from battery technology and defense to semiconductors. Greer said the US wants assurances that critical materials like magnets keep flowing so the two sides can focus on other priorities. 'We don't ever want to talk about magnets again,' he said. Greer said the resumption of China's rare earths exports is Beijing's biggest concession so far. Asked if the US made any commitments to China on its pending 232 investigations, Greer said China asked for status updates on them, but stressed that the eventual duties would be applied globally and not have any exemptions for particular countries. Reducing the 20% tariffs that Trump imposed over US claims that Chinese companies supply chemicals used to make the illegal drug fentanyl is also a high priority for Beijing, Eurasia Group analysts wrote in a note last week. In the background of the latest trade talks between Washington and Beijing is the race by several economies to sign tariff deals with Trump before Aug. 1, when he's threatening to impose so-called reciprocal import taxes on the US's major trading partners. Leonard , Tam and Duxbury write for Bloomberg.
Yahoo
a day ago
- Yahoo
Tariffs Could Deliver ‘Crippling Blow' to India's Fashion Producers
As President Donald Trump's 'reciprocal' tariff scheme roared to life this week, the fallout is already becoming apparent. Among the most swiftly and acutely impacted targets of tariff terror is India, which, in addition to being hit with 25-percent duties on Thursday, will face an additional tariff burden of 25 percent beginning Aug. 28. More from Sourcing Journal Green Eagle Railroad Aims to Decongest Trade at US-Mexico Border China's Exports Surge as Global Trump Tariffs Take Effect Maersk Lifts 2025 Outlook as Global Container Market Defies Tariff Turbulence While all United States trading partners now face double-digit duties, even the hardest hit apparel sourcing destinations pale in comparison to India's hefty 50-percent duty rate. Nearby neighbors like Pakistan (19 percent) and Bangladesh (20 percent) will also face hardships, along with Asian sourcing locales like Laos and Myanmar (40 percent), Vietnam (20 percent) and Cambodia and Indonesia (19 percent), but the adverse effects of Trump's new duties to India's burgeoning apparel and textile industry could prove devastating. Ratings agency Moody's said as much on Friday, commenting that the duties could stymie the growth of the country's manufacturing sector. Moody's predicted that should the weight of the full, 50-percent duties be thrust upon the country's producers, India's gross domestic product (GDP) growth could slow, contracting by 0.3 percent from its 6.3-percent forecast for fiscal 2025-2026. 'Beyond 2025, the much wider tariff gap compared with other Asia-Pacific countries would severely curtail India's ambitions to develop its manufacturing sector…and may even reverse some of the gains made in recent years in attracting related investments,' Moody's said Friday. Clothing Manufacturers Association of India (CMAI) president Santosh Katariya was more to the point, saying the imposition of the additional 25-percent tariffs 'will deliver a crippling blow to the Indian apparel industry.' A 50-percent duty increase will up the cost of India-made apparel by 30 to 35 percent compared with analogous goods from countries like Vietnam and Bangladesh, 'making Indian exports uncompetitive in the global market,' Katariya said. 'Buyers are unlikely to bear such a substantial pricing gap, which could lead to a sharp decline in export orders,' he added, with multiple outlets reporting that he denounced the tariffs as 'unjustified, unfair, and arbitrary.' According to the U.S. Fashion Industry's 2025 benchmarking study released in July, which relied on input from 25 leading U.S. apparel executives at the nation's largest brands and retailers, India earned a four-out-of-five score in terms of price competitiveness as a sourcing destination—a distinction that stands to be threatened massively should this reality take hold. The CMAI's sense of alarm is far from premature, according to recent reports. Indian publication NDTV Profit wrote Friday that the biggest American apparel purchasers, from Walmart and Target to Amazon and Gap, have pulled back on orders from India-based suppliers. Sources told the news outlet that exporters have received notice from U.S. brands and retailers demanding a pause on shipments. NDTV, which spoke to some of India's most prominent exporters, reported that the heightened duties could drive down U.S. orders by 40 to 50 percent—a loss of $4 billion to $5 billion. This comes just as India was gaining on apparel production stalwarts in the region. Total apparel exports grew 11.3 percent year-over-year in May, and industry insiders had been targeting double-digit growth again this year. In fiscal year 2025, India's textile and apparel exports rose by 6.3 percent to reach $36.6 billion. Apparel exports alone saw a 10-percent increase, while textile exports grew by 3.61 percent. USFIA's study said 'it has become more common for respondents this year to allocate more than 10 percent of their apparel sourcing orders to India, Cambodia, and Indonesia, signaling improved production capacity and a larger role for these countries as apparel suppliers for U.S. fashion companies'—while orders from China have, on the whole, decreased. Indonesia, India and Cambodia were the three most popular emerging sourcing destinations, the data showed, with more than 60 percent of executives saying they plan to increase sourcing from these countries over the next two years. But that progress could be thwarted by tariffs, with global investment bank UBS estimating that $8 billion worth of exports—clothing and textiles among them—are now at risk. The tariff ramp-up has prompted hand-wringing and contingency planning, with Indian Prime Minister Narendra Modi seeking an audience with Chinese President Xi Jinping later this month. The country is also deepening its ties with the United Kingdom, having announced a landmark trade deal earlier this year. But Trump appears undeterred by the shifting of allegiances and deepening of trade ties beyond U.S. borders. The president took to Truth Social on Friday to tout the 'huge positive impact' tariffs have had on the American stock market and the hundreds of billions of dollars in revenue that are 'pouring into our Country's coffers.' Still, the president's tariff agenda continues to face legal challenges, with a Court of Appeals for the Federal Circuit in Washington expected to deliver a ruling on whether Trump overstepped his authority as Commander in Chief by imposing sweeping duties without the approval of Congress. The panel of 11 judges largely expressed skepticism about the president's leveraging of the International Emergency Economic Powers Act (IEEPA) for such a purpose. 'If a Radical Left Court ruled against us at this late date, in an attempt to bring down or disturb the largest amount of money, wealth creation and influence the U.S.A. has ever seen, it would be impossible to ever recover, or pay back, these massive sums of money and honor,' Trump wrote Friday, clearly mulling the forthcoming decision. 'There is no way America could recover from such a judicial tragedy, but I know our Court System better than anyone, there is no one in history that has gone through the trials, tribulations and uncertainties such as I, and absolutely terrible, but also amazingly beautiful, things can happen,' he added. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
