ReportWire

Tag: Domestic Politics

  • Trump’s Big Tariff Task in Asia Is to Close the Deal

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    President Trump’s quest to reorder global trade through personal diplomacy will be tested during his tour of Asia this week, as he faces the tantalizing prospect of a pact with China and the chance to bust through obstacles to completing deals with other key trading partners.

    On Sunday, Trump won some momentum by winning tariff agreements with a handful of Southeast Asian nations. He also sounded an optimistic note on China ahead of a meeting with Chinese leader Xi Jinping planned for later this week. “I think we are going to come away with a deal,” Trump said Monday aboard Air Force One en route to Japan.

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    Jason Douglas

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  • Argentina’s Slums Abandoned Peronism—and Handed Milei the Win

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    BUENOS AIRES—For decades, the poor suburbs that ring Argentina’s capital Buenos Aires powered the leftist Peronist movement. On Sunday, they made a historic shift against Peronism that propelled President Javier Milei to a surprise victory in midterm congressional elections.

    The Argentine poor whom Eva Perón lionized as the country’s heart and soul largely stayed home in a stinging rebuke to the Peronist movement that has dominated politics here for 80 years. At the same time, middle-class voters mobilized to rescue Milei and his free-market revolt.

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    Santiago Pérez

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  • Opinion | Xi Gives Trump a Taiwan Test

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    China’s president wants the U.S. to oppose the democratic island’s independence.

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    The Editorial Board

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  • Argentina’s Bonds, Stocks, Currency Rally After Milei Victory

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    Argentina’s stocks, bonds and currency surged Monday after the country’s midterm elections delivered a surprising mandate for President Javier Milei to press ahead with his free-market economic overhauls.

    The Argentine peso rose around 9% against the U.S. dollar in midmorning trading, the most in more than two decades. A U.S. dollar-denominated government bond maturing in 2046 rose by 11 cents to trade at 66 cents on the dollar, according to Tradeweb data. Argentina’s benchmark stock index, the Merval, was up 17% as bank stocks soared.

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    Chelsey Dulaney

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  • Five Takeaways From Milei’s Surprising Victory in Argentina’s Election

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    BUENOS AIRES—The surprisingly decisive victory of Argentina’s President Javier Milei in midterm elections Sunday lays the ground for a $40 billion U.S. bailout and gives fresh momentum to one of the most radical free-market overhauls in the nation’s history.

    In an election widely seen as a referendum on Milei’s past two years in office, his Freedom Advances party won some 41% of the national vote, more than doubling its representation in Congress. The leftist Peronist opposition, a political force for much of the past 80 years, got just 32%.

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    Samantha Pearson

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  • Japan Woos Trump With a Royal Welcome

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    TOKYO—The British aren’t the only ones who can sprinkle a little royal stardust when President Trump comes to town.

    As Trump pays a visit to Tokyo this week, his Japanese hosts are counting on some face time with the emperor to set a positive tone—even if the reception fell short on pomp.

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    Jason Douglas

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  • Milei Wins Mandate for Free-Market Revolution in Argentina’s Election

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    BUENOS AIRES—President Javier Milei scored a decisive political win Sunday, strengthening his position in Argentina’s Congress and securing a lifeline for his audacious free-market revolution backed by President Trump.

    With nearly 99% of votes counted, Milei’s Freedom Advances party won almost 41% of the national vote, more than doubling its representation in Congress. That means his party and allies secured at least one-third of the seats in both chambers—the critical threshold that allows Milei to preserve his veto power and defend his sweeping decrees.

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    [ad_2] Samantha Pearson
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  • The Effort to Court Trump Abroad: Deals, Flattery and Jet Fighters

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    KUALA LUMPUR, Malaysia—World leaders have developed something of a blueprint for President Trump when he comes to visit: produce a lavish welcoming ceremony and launch a charm offensive in hopes of securing relief from U.S. tariffs and demands to spend more on defense.

    Recent overseas trips have involved escorting Air Force One with jet fighters during its final approach and lining red carpets with uniformed soldiers and traditional dancers. Upon Trump’s arrival, foreign hosts often exalt him for his role in reaching a significant trade or peace deal. There have been repeated pledges to nominate the president for the Nobel Peace Prize.

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    Alexander Ward

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  • With Sarkozy in Prison, France Asks: Has the Judiciary Gone Too Far?

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    PARIS—French courts have delivered one shock ruling after another this year, testing the balance of power between the country’s fiercely independent judiciary and its political leadership.

    In March, a court banned far-right leader Marine Le Pen from running for office for five years after finding her guilty of embezzling European Union funds. Then, on Tuesday, conservative Nicolas Sarkozy became the first former president to see the inside of a prison cell, after judges sentenced him to five years for conspiring to obtain campaign funds from Libyan strongman Moammar Gadhafi.

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    Stacy Meichtry

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  • Trump Says He Will Raise Tariffs on Canada by 10% Over Ontario Ad

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    The U.S. will impose an additional 10% tariff on Canada, President Trump said on Saturday, a punitive measure in response to an ad campaign that he said misrepresented comments by former President Ronald Reagan.

    “Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now,” Trump posted on his Truth Social platform on Saturday.

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    Gavin Bade

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  • As Trump and Xi Get Set to Talk Trade, Asia Worries About Impact on Its Security

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    President Trump put the world on notice in his first term that the U.S. was preparing for an era of intensified military and economic competition with Beijing.

    But as he left for his first trip to Asia since returning to the White House, striking a new trade deal with Chinese leader Xi Jinping has moved to the top of Trump’s agenda, spurring apprehensions among allies that the dealmaking might come at their expense.

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    [ad_2] Michael R. Gordon
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  • Trump Pitches Meeting With Kim Jong Un During Asia Tour: ‘Put Out the Word’

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    Departing for his first Asia trip of his second term, President Trump publicly called for a meeting with a regional leader not on his diplomatic itinerary: North Korea’s Kim Jong Un.

    Trump, speaking to reporters on Air Force One en route to Malaysia, reiterated his openness to meeting Kim, asking the media to “put out the word.” Trump concludes his multi-stop trip to Asia in South Korea, where the president would be within roughly 250 miles from the Korean Demilitarized Zone—site of the two leaders’ last face-to-face encounter in 2019.

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    [ad_2] Timothy W. Martin
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  • Milei’s Overhaul of Argentina Has Another Problem: He Isn’t Great at Politics

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    Argentine President Javier Milei’s problem heading into midterm elections Sunday isn’t just the pain caused by his radical free-market experiment. It is that, for all the force of his personality, he hasn’t mastered the art of politics.

    Milei has alienated so many important allies that, even though his Freedom Advances party is set to double its share of congressional seats, he might not win a big-enough coalition to govern, protect his veto or avoid impeachment.

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    Ryan Dubé

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  • How One Ad Sent U.S.-Canada Trade Talks Into a Tailspin

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    Canadian officials were just starting to get their hopes up.

    Negotiators from Ottawa and Washington had spent weeks hashing out a potential deal to reduce punishing 50% tariffs President Trump had imposed on steel and aluminum, and the Canadians were growing optimistic in recent days, according to people familiar with the talks. The discussions were punctuated by an amicable Oval Office meeting earlier this month between Trump and Canadian Prime Minister Mark Carney. Both leaders expressed confidence that they could get the trade relationship back on track.

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    Vipal Monga

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  • Opinion | Trump Says the Road to Gaza Ran Through Tehran

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    The news media that has misread the Donald TrumpBenjamin Netanyahu relationship every step of the way is doing it again. The latest fixation is on the President’s comments against West Bank annexation, while his analysis on Iran and Qatar go ignored.

    President Trump told Time magazine that he won’t let Israel annex the West Bank, and Vice President JD Vance said in Israel that he was personally insulted by two preliminary votes of the Israeli Knesset in the policy’s favor on Wednesday. Both U.S. statements are being taken as a rebuke of Prime Minister Netanyahu, when they are really an assist.

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    The Editorial Board

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  • U.S. Imposes Sanctions on Colombia’s President Over Drug-Trafficking Accusations

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    WASHINGTON—The Treasury Department has sanctioned Colombian President Gustavo Petro and his family, alleging his government has aided drug traffickers.

    “President Petro has allowed drug cartels to flourish and refused to stop this activity,” Treasury Secretary Scott Bessent said.

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    Alex Leary

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  • Has Argentina Really Changed? Soon, We Will Find Out

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    BUENOS AIRES—The adage “The most dangerous words in investing on Wall Street are ‘It’s different this time’” could have been coined to describe Argentina. For 50 years, it repeatedly convinced international lenders it had changed its ways, only to slide back into default, instability and inflation.

    This Sunday, Argentines will demonstrate whether this time really is different. Midterm elections will decide whether President Javier Milei’s radical economic reform will continue.

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    [ad_2] Greg Ip
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  • Opinion | Xi Is Watching as Chinese Christians Pray

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    Zion Church moved many of its services online. Beijing still arrested its pastor.

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    Mindy Belz

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  • Opinion | Britain’s Do-It-Yourself Version of Chinese Sabotage

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    A ‘spying’ case that may have been a mistake all along sows more distrust than Beijing ever could.

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    Joseph C. Sternberg

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  • A Parade of Senior U.S. Officials Descends on Israel for ‘Bibisitting’ Duty

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    Trump has touted Gaza cease-fire as the “historic dawn of a new Middle East,” but the old Middle East isn’t entirely gone.

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    Vera Bergengruen

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