Andrew here. I’m in Aspen, Colo. at the Aspen Economic Strategy Group’s annual meeting, where prominent economists and executives are set to debate the state of the economy, especially amid President Trump’s trade war.
That includes most of the Treasury secretaries from the past three decades: Janet Yellen, Steven Mnuchin, Tim Geithner, Hank Paulson, Larry Summers and Robert Rubin. We’ll bring you some thoughts from there in Wednesday’s newsletter. As for Tuesday, we take a fresh look at tariffs, A.I., Elon Musk’s compensation and more.
Time is ticking
President Trump has argued that tariffs can remap global trade to his advantage, even as critics liken his campaign to “a global shakedown of sorts” whose lofty figures are best taken with a grain of salt.
But with fewer than 48 hours to go before Trump’s latest tariff deadline, his plan could be tested by holdout trading partners, including India, with whom relations appear to have worsened since Vice President JD Vance’s visit in April.
There’s been little progress since last week’s flurry of trade news. It’s unclear whether or when negotiators can strike agreements with Washington’s top three trading partners: Canada, China and Mexico.
Mexico last week won a 90-day reprieve, though it still faces a 25 percent levy on some exports sticks. A truce in a brutally high tariff fight with China is set to expire on Aug. 12. And talks between Trump and Prime Minister Mark Carney of Canada could happen later this week.
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The post What Talks With India and Switzerland Say About Trump’s Trade War appeared first on New York Times.
