Is Anybody Fighting Back in This Trade War?
This White House-engineered upheaval, which pushed tariffs to levels unseen since the Smoot-Hawley law of 1930, will be costly — even if the full price isn't immediately apparent. The global economy hasn't suffered some of the direst consequences that were predicted in April. Demand for US assets has held up, despite the superficial allure of the 'sell America' narrative. The International Monetary Fund doubts growth will suddenly crater, and inflation hasn't taken off. Has a bullet been dodged or is shock delaying the pain?
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Yahoo
26 minutes ago
- Yahoo
Green Hydrogen Production Group Closes on Major Investment
A California-based hydrogen production group said it has completed a funding round in support of the company's first 100-kilotonne carbon dioxide removal (CDR) commercial facility. Equatic, which is considered a pioneering company in combined carbon dioxide removal and green hydrogen production, on August 11 announced the successful closure of its Series A round, with Catalytic Capital for Climate and Health (C3H) leading an $11.6-million investment. C3H is a catalytic vehicle by Temasek Trust, along with Kibo Invest, a Singapore-based private investment office with a focus on climate technology. The funding round, with participation from a consortium of global investors, will accelerate the engineering scale-up and commercialization of Equatic's patented seawater electrolysis technology. This substantial capital infusion will support the ongoing engineering of Equatic's CDR commercial facility, alongside further commercialization, manufacturing, and technological development. Equatic's proprietary technology is designed to capture atmospheric carbon dioxide and produce green hydrogen in a single, scalable process, advancing two critical net-zero pathways. 'This investment marks a pivotal moment for Equatic, enabling us to significantly scale our production capabilities and accelerate our mission to deliver durable carbon removal at scale,' said Gaurav N. Sant, founder and chief technology officer for Equatic. 'The Temasek Trust ecosystem has been a foundational partner to Equatic, from early-stage philanthropic backing from Temasek Foundation to catalytic investment through C3H. We welcome Kibo Invest as co-lead and recognize their commitment to invest in companies that are revolutionizing industries and addressing urgent climate challenges.' 'Truly innovative carbon management technologies are needed to mitigate climate change before the consequences become irreversible,' said Lord John Browne, chairman of Equatic's advisory board. Browne also is founder and chairman at BeyondNetZero, and the former CEO of British Petroleum. 'By removing carbon dioxide and simultaneously generating green hydrogen, Equatic's solution provides unique advantages in terms of cost and scalability.' Ryan Tan, head of C3H, said, 'Equatic's technology and approach exemplify the type of bold and scalable innovation that aligns with C3H's mandate. We are delighted to support Equatic's goal in advancing promising climate mitigation solutions that offer permanent, durable carbon removal with green hydrogen production for scalable, tangible impact and commercial benefit.' 'Equatic represents an exciting opportunity to scale deep-tech innovation that addresses two critical needs: decarbonisation and clean energy. As an investor focused on climate solutions, we are proud to partner with C3H and Equatic to help bring this breakthrough technology to commercial scale,' said James Marshall, CEO of Kibo Invest. Equatic's Technology Since commencing operations in 2023, the Equatic technology has been successfully deployed at two pilot plants in Los Angeles and Singapore. The company is now expanding its operations with a demonstration plant in Singapore, known as Equatic-1, and a commercial-scale plant in Canada. In May 2024, Equatic was recognized as a CDR Purchase Prize semifinalist by the U.S. Department of Energy, acknowledging its high-quality, permanent carbon credits and rigorous Monitoring, Reporting, and Verification (MRV) practices. In September 2024, Equatic announced a significant climate breakthrough with the U.S. manufacture of oxygen-selective anodes, which unlock scalable hydrogen production through direct seawater electrolysis. That same month, Equatic was named a finalist for The Earthshot Prize, a prestigious international recognition for groundbreaking solutions to repair the planet. Equatic's commitment to high-integrity carbon removal is underscored by its adoption of an ISO-14064 standard for MRV, first published by Equatic in May 2023. Subsequently, this standard was validated by two leading carbon removal registries, Isometric and making Equatic one of the only marine companies capable of issuing high-quality CDR credits under either registry, with full transparency and auditability. Buyers of Equatic's CDR credits include Boeing, a leading global aerospace company and other large industrial companies committed to market-based mechanisms for decarbonization. —POWER edited this content, which was contained in a press release from Equatic.
Los Angeles Times
27 minutes ago
- Los Angeles Times
West Virginia sends hundreds of National Guard members to D.C. at Trump team's request
WASHINGTON — Hundreds of West Virginia National Guard members will deploy across the nation's capital as part of the Trump administration's assumption of control over policing in the District of Columbia in what it says is part of a nationwide crackdown on crime on homelessness. The move comes as federal agents and National Guard troops have begun to appear across the heavily Democratic city after Trump's executive order on Monday federalizing local police forces and activating about 800 D.C. National Guard troops. By adding outside troops to join the existing National Guard deployment and federal law enforcement officers temporarily assigned to Washington, President Trump is exercising even tighter control over the city. It's a power play that the president has justified as an emergency response to crime and homelessness, even though district officials have noted that violent crime is lower than it was during Trump's first term in office. A protest against Trump's intervention drew scores to Washington's Dupont Circle on Saturday afternoon before a march to the White House, about a mile and a half away. Demonstrators assembled behind a banner that said, 'No fascist takeover of D.C.,' and some in the crowd held signs that said, 'No military occupation.' Trump was at his Virginia golf club after Friday's summit with Russian President Vladimir Putin in Alaska. Gov. Patrick Morrisey, a Republican, announced Saturday that he was sending a contingent of 300 to 400 National Guard members. 'West Virginia is proud to stand with President Trump in his effort to restore pride and beauty to our nation's capital,' Morrisey said. Morgan Taylor, one of the organizers of Saturday's protest, said demonstrators who turned out on a hot summer day were hoping to spark enough backlash to Trump's actions that the administration would be forced to pull back. 'It's hot, but I'm glad to be here. It's good to see all these people out here,' she said. 'I can't believe that this is happening in this country at this time.' Protesters said they are concerned about what they view as Trump's overreach, arguing that he had used crime as a pretext to impose his will on Washington. John Finnigan, 55, was taking an afternoon bike ride when he ran into the protest in downtown Washington. A real estate construction manager who has lived in the capital for 27 years, he said that Trump's moves were 'ridiculous' because 'crime is at a 30-year low here.' 'Hopefully some of the mayors and some of the residents will get out in front of it and try and make it harder for it to happen in other cities,' Finnigan said. Jamie Dickstein, a 24-year-old teacher, said she was 'very uncomfortable and worried' for the safety of her students given the 'unmarked officers of all types' now roaming Washington and detaining people. Dickstein said she turned out to protest with friends and relatives to 'prevent a continuous domino effect going forward with other cities.' The West Virginia National Guard activation suggests the administration sees the need for additional manpower, after Trump played down the need for Washington to hire more police officers. Maj. Gen. James Seward, West Virginia's adjutant general — a chief aide to the governor and commanding general of the National Guard — said in a statement that members of the Guard 'stand ready to support our partners in the National Capital Region' and that the Guard's 'unique capabilities and preparedness make it an invaluable partner in this important undertaking.' Federal agents have appeared in some of the city's most highly trafficked neighborhoods, garnering a mix of praise, resistance and alarm from local residents and leaders across the country. City leaders, who are obligated to cooperate with the president's order under the federal laws that direct the district's local governance, have sought to work with the administration, though they have bristled at the scope of the president's takeover. On Friday, the administration reversed course on an order that aimed to place the head of the Drug Enforcement Administration as an 'emergency police commissioner' after the district's top lawyer sued to contest. After a court hearing, Trump's attorney general, Pam Bondi, issued a memo that directed D.C.'s Metropolitan Police Department to cooperate with federal immigration enforcement regardless of any city law. District officials say they are evaluating how to best comply. In his order Monday, Trump declared an emergency, citing the 'city government's failure to maintain public order.' He said that impeded the 'federal government's ability to operate efficiently to address the nation's broader interests without fear of our workers being subjected to rampant violence.' In a letter to city residents, Mayor Muriel Bowser, a Democrat, wrote that 'our limited self-government has never faced the type of test we are facing right now.' She added that if Washingtonians stick together, 'we will show the entire nation what it looks like to fight for American democracy — even when we don't have full access to it.' Brown and Pesoli write for the Associated Press. AP writer Josh Boak contributed to this report.
The Hill
27 minutes ago
- The Hill
Sunday shows preview: Trump-Putin summit ends with no deal; DC resists police takeover
President Trump concluded his Friday summit in Alaska with Russian counterpart Vladimir Putin by his side as the two announced no peace deal for Ukraine. The highly anticipated face-off on American soil lasted over three hours as White House aides and long-term diplomats from Moscow led bilateral discussions at Joint Base Elmendorf-Richardson. National security aficionados said Trump signaled a stark turn in U.S. foreign policy as Putin was referenced as a 'friend' of the president. Trump's set to meet with Ukrainian President Volodymyr Zelensky on Monday at the White House following calls to show more solidarity with the Eastern European ally. Few details about the president's closed-door meeting with Putin were disclosed, however, Trump said conversations were 'extremely productive.' Secretary of State Marco Rubio flew from Washington to the Last Frontier for Russia-U.S. talks of ending the war in Ukraine. Rubio will likely address advancements made during the summit and future objectives for the Trump administration during a Sunday appearance on ABC's 'This Week' in addition to separate interviews on both Fox News' 'Sunday Morning Futures' and MSNBC's 'Meet the Press.' The secretary of state said security guarantees were necessary to finalize ceasefire negotiations and may also share updates on potential conditions for the agreement to appease both Kyiv and Moscow during the segment. Special Envoy Steve Witkoff will likely hit on similar topics during his appearance on CNN's 'State of the Union' and Fox News' 'Fox News Sunday' while sharing prominent developments for peace talks after meeting with Moscow's leaders multiple times this year. Former national security adviser Jake Sullivan is likely to share insight on a strong shift from the Biden administration's approach to the conflict in Ukraine and compare the current war landscape seen under Trump during his appearance on ABC's 'This Week' and Fox News' 'Fox News Sunday.' Fiona Hill, who served as senior director for European and Russian affairs on the National Security Council during Trump's first term, will appear on CBS's 'Face the Nation.' Her comments will likely show similarities and differences between the president's attempts to coax Putin into ending the war after the Kremlin launched an invasion of Ukraine in 2014 and 2022. Hill could discuss if Putin's land grab attempts will succeed as ceasefire discussions excel and may also explain why Trump decided against secondary sanctions on Russia's trading partners amid a bipartisan push from lawmakers in Congress. As negotiations remain deadlocked overseas, the Trump administration has resumed its Washington takeover with full force. Hundreds of National Guardsmen descended on the nation's capital Monday followed by an additional deployment of soldiers from West Virginia on Saturday. The White House ordered officers with the Metropolitan Police Department to aid in local immigration enforcement efforts and crack down on crime, especially violent acts committed by youth. Sen. Chris Van Hollen (D-Md.) has been a vocal critic of the president's immigration agenda and joined fellow Democratic lawmakers in condemning Trump's emergency order placing Washington under federal control. 'We haven't seen scenes like this in D.C. since the days after the current president incited an insurrection,' Van Hollen wrote in a Friday post on X, showcasing tanks outside of Union Station. 'What D.C. faces now is a president abusing his power and deploying troops under the guise of law and order. A dictator's playbook,' he added. The Maryland senator will likely expand upon his thoughts during an appearance on ABC's 'This Week.' These topics and more will be highlighted during this week's Sunday shows. Please see the full list of guests below: NewsNation's 'The Hill Sunday:' Rep. Adam Smith (D-Wash.); Rep. Jimmy Patronis (R-Fla.); Former US Ambassador to NATO Kay Bailey Hutchinson ABC's 'This Week:' Secretary of State Marco Rubio; Former National Security Adviser Jake Sullivan; Sen. Chris Van Hollen (D-Md.); Former CIA chief of Central Eurasia Division Robert Dannenberg CBS 'Face the Nation:' Secretary of State Marco Rubio; Sen. Dan Sullivan (R-Alaska); Rep. Jason Crow (D-Colo.); Fiona Hill, former senior director for European and Russian affairs on the National Security Council; World Central Kitchen founder Jose Andres CNN 'State of the Union:' U.S. Special Envoy to the Middle East Steve Witkoff; Former Vice President Mike Pence (R) MSNBC's 'Meet the Press:' Secretary of State Marco Rubio; Sen. Chris Murphy (D-Conn.) Fox News 'Fox News Sunday:' U.S. Special Envoy to the Middle East Steve Witkoff; Former National Security Adviser Jake Sullivan; Sen. Eric Schmitt (R-Mo.),
