Latest news with #JeannaSmialek
New York Times
6 days ago
- Business
- New York Times
Did a Wine Importer Just Sink Trump's Trade War?
Hosted by Rachel Abrams Featuring Jeanna Smialek Produced by Olivia NattAlex Stern and Jessica Cheung Edited by Marc Georges and Paige Cowett Original music by Rowan Niemisto Engineered by Alyssa Moxley A panel of federal judges ruled on Wednesday that many of President Trump's tariffs were illegal, a decision that has threatened to derail his trade agenda. Victor Schwartz, the wine importer at the center of the case, explains why he decided to take on the president, and Jeanna Smialek, the Brussels bureau chief for The Times, discusses what options Mr. Trump has to save his trade war. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at or on Apple Podcasts and Spotify. Victor Schwartz, a small wine importer and the lead plaintiff in a lawsuit against Mr. Trump's tariffs. Jeanna Smialek, the Brussels bureau chief for The New York Times. The U.S. Court of International Trade said Mr. Trump had overstepped his authority in imposing his 'reciprocal' tariffs globally. An appeals court spared the tariffs while it considered the challenge. From March: Wine businesses were struck with fears of disaster under the threat of huge tariffs. There are a lot of ways to listen to 'The Daily.' Here's how. We aim to make transcripts available the next workday after an episode's publication. You can find them at the top of the page. Special thanks to Susan C. Beachy. The Daily is made by Rachel Quester, Lynsea Garrison, Clare Toeniskoetter, Paige Cowett, Michael Simon Johnson, Brad Fisher, Chris Wood, Jessica Cheung, Stella Tan, Alexandra Leigh Young, Lisa Chow, Eric Krupke, Marc Georges, M.J. Davis Lin, Dan Powell, Sydney Harper, Michael Benoist, Liz O. Baylen, Asthaa Chaturvedi, Rachelle Bonja, Diana Nguyen, Marion Lozano, Rob Szypko, Elisheba Ittoop, Mooj Zadie, Patricia Willens, Rowan Niemisto, Jody Becker, Rikki Novetsky, Nina Feldman, Carlos Prieto, Ben Calhoun, Susan Lee, Lexie Diao, Mary Wilson, Alex Stern, Sophia Lanman, Shannon M. Lin, Diane Wong, Devon Taylor, Alyssa Moxley, Olivia Natt, Daniel Ramirez, Brendan Klinkenberg, Chris Haxel, Maria Byrne, Anna Foley and Caitlin O'Keefe. Our theme music is by Jim Brunberg and Ben Landsverk of Wonderly. Special thanks to Sam Dolnick, Paula Szuchman, Lisa Tobin, Larissa Anderson, Julia Simon, Mahima Chablani, Elizabeth Davis-Moorer, Jeffrey Miranda, Maddy Masiello, Isabella Anderson, Nina Lassam, Nick Pitman and Kathleen O'Brien.
New York Times
07-04-2025
- Business
- New York Times
Trump Threatens Huge Tariffs on China in Response to Its Retaliation
President Trump on Monday issued a new ultimatum to China: Rescind its retaliatory tariffs, or face a 104 percent tax on its exports to the United States starting later this week. The president's threat risked another major escalation in what has already become a costly and damaging global trade war, one that has roiled financial markets as countries around the world scramble to calibrate a response to Washington. After Mr. Trump announced last week that he would impose a new 34 percent tariff on China, Beijing responded in force, threatening to impose a 34 percent tax on U.S. imports. In response, Mr. Trump said Monday in a post on Truth Social that the United States would 'impose ADDITIONAL Tariffs on China of 50%, effective April 9th.' White House officials later clarified that the tariff would be additive, potentially bringing the total taxes that Mr. Trump has imposed on Chinese imports since he came into office to 104 percent. Those levies would come in addition to tariffs Mr. Trump placed on many products from China in his first term, along with tariffs that apply to individual products because of specific trade violations. The escalation could result in a huge surcharge for importers bringing clothing, cellphones, chemicals and machinery in from China, which may see the cost of their imports double. American consumers last year bought $440 billion of goods from China, the second-largest source of U.S. imports after Mexico. The president also threatened that talks with China 'will be terminated!' if Beijing did not back down from its pledge to retaliate. In making that threat, Mr. Trump appeared to issue a stark warning to nations around the world that he would issue punishing additional tariffs if U.S. trading partners tried to rebuff his policies. His comments carried particular urgency on a day that officials in the European Union planned to circulate a list of U.S. products that they could soon subject to tariffs. Mr. Trump explicitly referred to his earlier threat that 'any country that Retaliates against the U.S.' would be 'immediately met with new and substantially higher Tariffs, over and above those initially set.' But he also said negotiations would begin with 'other countries' starting immediately. Jeanna Smialek contributed reporting.
New York Times
04-04-2025
- Business
- New York Times
Fear and Fury: The Fallout From Trump's Tariffs
Hosted by Michael Barbaro Featuring Peter S. GoodmanNatalie Kitroeff and Jeanna Smialek Produced by Will Reid and Mooj Zadie Edited by Maria ByrnePaige Cowett and Lisa Chow Original music by Dan PowellDiane Wong and Marion Lozano Engineered by Alyssa Moxley The reverberations from President Trump's new global tariffs have rocked financial markets and world capitals. American stocks have plunged, and foreign leaders have issued forceful condemnations. The Times journalists Michael Barbaro, Peter Goodman, Natalie Kitroeff and Jeanna Smialek sit down to try to make sense of Mr. Trump's strategy and its consequences. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at or on Apple Podcasts and Spotify. Peter S. Goodman, who covers the global economy for The New York Times. Natalie Kitroeff, the Mexico City bureau chief for The New York Times. Jeanna Smialek, the Brussels bureau chief for The New York Times. Read about how Mr. Trump's one-for-one tariff plan threatens the global economy. The trade war set off 'max pessimism' in the global markets. The tariffs have widened the chasm between allies and Washington. There are a lot of ways to listen to The Daily. Here's how. We aim to make transcripts available the next workday after an episode's publication. You can find them at the top of the page. The Daily is made by Rachel Quester, Lynsea Garrison, Clare Toeniskoetter, Paige Cowett, Michael Simon Johnson, Brad Fisher, Chris Wood, Jessica Cheung, Stella Tan, Alexandra Leigh Young, Lisa Chow, Eric Krupke, Marc Georges, M.J. Davis Lin, Dan Powell, Sydney Harper, Michael Benoist, Liz O. Baylen, Asthaa Chaturvedi, Rachelle Bonja, Diana Nguyen, Marion Lozano, Rob Szypko, Elisheba Ittoop, Mooj Zadie, Patricia Willens, Rowan Niemisto, Jody Becker, Rikki Novetsky, Nina Feldman, Will Reid, Carlos Prieto, Ben Calhoun, Susan Lee, Lexie Diao, Mary Wilson, Alex Stern, Sophia Lanman, Shannon Lin, Diane Wong, Devon Taylor, Alyssa Moxley, Olivia Natt, Daniel Ramirez, Brendan Klinkenberg and Chris Haxel. Our theme music is by Jim Brunberg and Ben Landsverk of Wonderly. Special thanks to Sam Dolnick, Paula Szuchman, Lisa Tobin, Larissa Anderson, Julia Simon, Mahima Chablani, Elizabeth Davis-Moorer, Jeffrey Miranda, Maddy Masiello, Isabella Anderson, Nina Lassam and Nick Pitman.
