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The left-wing Podemos MP, Cristina Gómez, has proposed expropriating flats from large US property owners in the Balearics in response to the imposition of tariffs by Donald Trump’s government. She made the announcement on Monday prior to the plenary session of the regional parliament, where she also put forward some measures that, in her opinion, would make it possible to lower the current price of housing on the islands. “If the United States has decided to defend its security and autonomy by turning inwards in the commercial sphere, it may...

Sizing up what President Trump’s new tariffs mean for India was a puzzle from the start for even the country’s top trade economists. Its politicians, too, were stunned.Starting next week, nearly all Indian goods arriving in the United States will be taxed an extra 27 percent.The figure was bafflingly high, in part because the government’s ministers had been flocking to Washington since Mr. Trump won re-election. From the Rose Garden, Mr. Trump addressed India’s prime minister, Narendra Modi, in absentia while delivering the disappointing news, calling him “a great friend...

President Donald Trump doubled down on his global tariffs Thursday, likening the U.S. economy to a ‘very sick’ patient who came out of an operation. “It’s gonna be a booming country, very booming country. It’s going to be amazing, actually,” Trump said to reporters aboard Air Force One on his way down to one of his Florida golf clubs. President Donald Trump doubled down on his global tariffs Thursday, likening the U.S. economy to a ‘very sick’ patient who came out of an operation. “It’s gonna be a booming country,...

Macron's comments are seen as an attempt to dissuade French tycoons from cozying up to Trump, potentially to try to cut private deals, outside regular EU trade policy. Earlier this month Trump announced that French shipping giant CMA CGM intended to invest €20 billion in the U.S. In January, meanwhile, Bernard Arnault, the head of luxury goods giant LVMH, said he was considering increasing investment in the U.S. and lauded Trump's economic policy. On Wednesday the Trump administration slapped the EU with 20 percent tariffs on all exports to the...

Compounding the company's public relations woes, the Vancouver International Auto Show announced it was removing Tesla from the event on the eve of its Wednesday kick-off, citing security concerns. Politics "has absolutely no bearing on the decision", the show's executive director Eric Nicholl said late on Tuesday. "This is purely from a safety point for our guests and our attendees." In an interview at the White House late on Tuesday, Musk told Fox News he was "shocked" at the attacks on Tesla vehicles and the "hatred and violence from the...

PRESIDENT DONALD Trump’s bullying of America’s allies and neighbours may appeal to the maga base. Unfortunately, investors feel otherwise. Confidence in the prospects for the American economy has been sapped and financial markets are sinking. The S&P 500 index of American stocks has dropped by 9% since its peak in February. Because Mr Trump’s on-again, off-again protectionism defies logic, their faith in his administration’s ability to steer the economy is evaporating. It is the same with the dollar. As Mr Trump has threatened tariff after tariff, it has fallen, dropping...

Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. For years, the house next door to ours was condemned. The retired federal employee who owned it lived elsewhere and seemed mostly to use the property to store a whole bunch of his junk. I would sometimes see him puttering around the library in our part of Arlington, Virginia. Though I would have preferred a neighbor who was friendly and present, I was grateful that for some unfathomable reason he never...