Vue lecture

U.S. and China Meet as Trade Truce Nears Expiration

Top American and Chinese officials are meeting for two days of talks in Stockholm as the Trump administration tries to complete trade deals.

© Martial Trezzini/Keystone, via Reuters

Jamieson Greer, left, the U.S. trade representative, and Treasury Secretary Scott Bessent met for trade talks in May with He Lifeng, China’s vice premier for economic policy, in Geneva. The delegations will meet again this week in Sweden.
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Russia Again Cuts Interest Rates as Its Economy Slows

Falling inflation has persuaded the central bank in Moscow to continue relaxing the country’s record borrowing costs.

© Evgenia Novozhenina/Reuters

An upsurge in wartime spending since Russia’s invasion of Ukraine has sharply increased the country’s inflation rate.
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A Mill Town Lost Its Mill. What Is It Now?

Locals in Canton, N.C., are trying to figure out what’s next after losing the thing that gave them an identity: their beloved, stinky paper mill.

Demolition of the paper mill in Canton, N.C. For more than a century, the mill provided jobs with good salaries and a strong sense of identity for the town.
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Venezuela Targets Economists as Inflation Surges Under Trump’s Sanctions

As inflation surges under President Trump’s renewed sanctions, Venezuelan authorities are trying to keep a lid on the country’s worsening financial situation.

© The New York Times

U.S. dollar bills and Venezuelan bolívars. Though the bolívar is Venezuela’s official currency, the country operates on a dual-currency system, and many people paid in bolívars spend in dollars.
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Cuban Minister Resigns After Accusing Beggars of Faking Poverty

The labor and social security minister drew public outrage when she said “there are no beggars” in Cuba, where many people struggle to afford food.

© Yamil Lage/Agence France-Presse — Getty Images

Cuban Minister of Labour and Social Security, Marta Elena Feitó Cabrera, in 2023.
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China Is Buying Appliances and iPhones. What Happens When the Subsidies Stop?

Shoppers are taking advantage of a $42 billion government trade-in program aimed at boosting spending. But in recent weeks, some cities have started to cut back on the subsidies.

© Kevin Frayer/Getty Images

A shopping area in Beijing. Confronting a trade war with the United States, China’s government has poured $42 billion this year into a consumer trade-in program.
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Amid Tariff Chaos, U.S. Allies Try to Redraw the Trade Map

Facing growing chaos, the European Union and numerous other countries are seeking to forge a global trading nexus that is less vulnerable to American tariffs.

© Ingmar Nolting for The New York Times

A Volkswagen factory in Zwickau, Germany. President Trump’s tariffs have E.U. leaders looking elsewhere for reliable trading partners.
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Germany Takes an Unassuming Approach to Tax Cuts, in Contrast to Trump

Chancellor Friedrich Merz will pass an early plank of his domestic agenda into law on Friday, grounded in classical economic arguments.

© Nadja Wohlleben/Reuters

Chancellor Friedrich Merz of Germany, right, and Finance Minister Lars Klingbeil in Berlin on Friday.
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