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In Peru, the Trump Administration Sees the Limits of Its Anti-China Push

As Secretary of State Marco Rubio travels this week to Peru, its growing economic ties to China have raised tensions with the U.S., but show no signs of reversing course.

© Sara Wayra for The New York Times

The enormous new Chinese-operated cargo port at Chancay, Peru, is a source of tension with Washington, but Peruvians see it as economically vital.
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At G20 Summit, Some U.S. Allies Push Back on Trump’s Economic Approach

At a summit meant to showcase President Trump’s economic policies as a model for the world, Europeans complained about tariffs and the war with Iran.

© Sam Wolfe/Reuters

Treasury Secretary Scott Bessent, left, and the Federal Reserve chairman, Kevin M. Warsh, met with Group of 20 finance ministers and central banker governors on Tuesday in Asheville, N.C.
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Nepal’s Economy Has Few Ways to Absorb the Cost of Flood Damage

The country’s government estimates that the recent catastrophic floods caused $5 billion in damage. That’s one-tenth of Nepal’s entire economy.

© Atul Loke for The New York Times

A home partially buried in thick mud and debris in Devighat, Nuwakot district, Nepal.
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For Nepal’s Young Leader, Flood Recovery Will Be a Herculean Task

Prime Minister Balendra Shah, 36, rose to power this year on the back of youth anger with graft and mismanagement. His fledgling government now faces a huge test.

© Atul Loke for The New York Times

A swollen river in Devighat, Nepal, on Sunday after floods caused by a glacier breaking in the Himalayas.
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Carney Has Canadians’ Support on Trump. Now Comes the Hard Part.

The U.S.-Canada trade war has galvanized Canadians behind their prime minister’s decision to walk away from negotiations. What happens when the time comes for talks to restart?

© Dave Chan/Agence France-Presse — Getty Images

Canadian Prime Minister Mark Carney speaks at a news conference in Ottawa, Ontario, after trade talks with the US collapsed earlier this month.
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Icelanders Are Voting on E.U. Membership Talks. Here’s What to Know.

The Nordic nation is holding a referendum on Saturday on whether to start membership talks with the European Union. Voters are divided.

© Marco Di Marco/Associated Press

A rally opposing the resumption of talks to join the European Union in Reykjavik, Iceland, on Thursday. The banner reads “no” in Icelandic.
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Modi Is Hedging Against Trump, One Deal at a Time

In a year of globe-trotting, the Indian prime minister has secured deals around the world as the United States becomes less dependable.

© Haiyun Jiang/The New York Times

Prime Minister Narendra Modi of India at the Group of 7 summit in Evian-les-Bains, France, in June. In the past year, Mr. Modi has paid official visits to at least 20 countries.
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Why Iceland and Others Might Want In, Not Out, of the E.U. Club

A few years ago, some feared the European Union was going out of style. Now Iceland is mulling membership alongside a long list of candidates.

© Jonathan Nackstrand/Agence France-Presse — Getty Images

Reykjavik, Iceland’s capital. A vote on Saturday will determine whether the country restarts talks to join the European Union.
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Why Many Iranians Are Losing Hope After Six Months of War

Iranians have become increasingly desperate, as they grapple with an economic crisis made worse by the conflict and grow increasingly skeptical about President Trump’s motives.

© Arash Khamooshi/Polaris for The New York Times

The most immediate preoccupation for most Iranians is dealing with soaring prices caused by an enduring economic crisis.
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Why Many Iranians Are Losing Hope After Six Months of War

Iranians have become increasingly desperate, as they grapple with an economic crisis made worse by the conflict and grow increasingly skeptical about President Trump’s motives.

© Arash Khamooshi/Polaris for The New York Times

The most immediate preoccupation for most Iranians is dealing with soaring prices caused by an enduring economic crisis.
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Gold, Flights, Cryptocurrency: U.S. Vows to Go After More Than Iran’s Oil

The United States threatened sanctions for any country or entity that engages with Iran’s gold, digital assets, aviation, shipping and tech industries. Here’s why that matters.

© Vahid Salemi/Associated Press

A gas station in Tehran on Tuesday. The United States imposed a monthslong blockade on Iran’s shipments of oil, the nation’s economic engine.
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U.S. Tariffs Could Price Canadian Firms Out of U.S. and Threaten Thousands of Jobs

The 50 percent tariffs President Trump imposed on Canadian exports to the United States will make it impossible for many Canadian companies to continue to sell to the U.S. market, economists say.

© Ian Austen/The New York Times

Harvested logs in British Columbia in 2023. Canada’s forestry industry may be hit particularly hard by the latest American tariffs.
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U.S. Unveils Campaign to Cripple Iran’s Economy, but Offers Few Details

Treasury Secretary Scott Bessent acknowledged the effort was more of a warning shot that would begin a period of “quiet diplomacy.”

© Evelyn Hockstein/Reuters

Treasury Secretary Scott Bessent said the United States would “tighten the noose” around Iran by imposing sanctions on every source or facilitator of its revenue.
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Can ‘Argentina’s Texas’ Save the Country’s Economy?

Thousands of Argentines are flocking to a remote stretch of Patagonia, seeking work with only backpacks, tents and the hope that they and their country can turn around their fortunes.
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Bessent is expected to announce new measures aimed at isolating Iran.

Treasury Secretary Scott Bessent will hold a news conference outlining the new package of measures.

© Kenny Holston/The New York Times

Treasury Secretary Scott Bessent said last week that countries that continue to do business with Iran would face the “full might and force” of the U.S. government.
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The Message Behind Trump’s Threats of ‘Economic Warfare’ Against Iran

President Trump’s threats of an “economic D-Day” carry a clear signal to Iran that he does not want to go back to war.

© Kenny Holston/The New York Times

Among the challenges for President Trump is that he has repeatedly threatened Iran with destruction, only to pull back.
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The Indian City Where AI Is Creating Jobs for Humans

In the fast-growing field of data annotation, workers in a small city in south India train A.I. to improve how it performs tasks traditionally done by people.

© Anindito Mukherjee for The New York Times

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China Sentences Evergrande Founder to Life in Prison

Hui Ka Yan’s punishment caps the downfall of a property empire whose collapse set off a prolonged crisis in the Chinese economy.

© Xinhua,via Associated Press

Hui Ka Yan, the founder of Evergrande, in court on Thursday in Shenzhen, China, in a photo released by Chinese state media.
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Send Us Your Questions About the Iran War

Times reporters who cover the war, diplomacy, energy and the broader Middle East are joining our “Ask a Correspondent” feature as the conflict nears the six-month mark. Let us know what’s on your mind.
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Trump, With Limited Options in Iran, Tries Economic Pressure — Again

Iran has survived decades of sanctions. Faced with more, it is likely to escalate rather than surrender, analysts said.

© Arash Khamooshi/Polaris for The New York Times

People walking on a sidewalk near the Tajrish Bazaar in Tehran last month.
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In a Faltering Chinese Economy, Working-Class Stories Strike a Chord

Poems, essays and books written by working-class writers have garnered recognition in recent years — as well as increasing government attention.

© Jade Gao/Agence France-Presse — Getty Images

Hu Anyan’s memoir, “I Deliver Parcels in Beijing,” became a best seller in China and was later translated into English. It is a diaristic account of the 19 jobs he held over two decades across China.
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Carney and Trump Talk Again as Deadline Nears on New U.S. Tariffs

Canada is seeking a deal to dodge further economic pain at the hands of the Trump administration on midnight Tuesday. But at what cost?

© Carlos Osorio/Reuters

The Gordie Howe International Bridge, connecting Windsor, Ontario, and Detroit, on the day after it opened last month. President Trump had threatened to block the bridge’s opening.
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Entrenched, Embattled and Defiant, the Taliban Celebrate 5 Years in Power

The Taliban have Afghanistan in a chokehold that spares no one. But threats are starting to crack their veneer of stability and control.

© Tomas Munita for The New York Times

Afghans celebrating the fifth anniversary of the Taliban’s return to power in Kabul, Afghanistan, early on Saturday.
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How China Remembers Zhu Rongji, the Premier Who Spoke His Mind

Tributes to the former premier recalled his spirited style and his efforts to integrate China into global commerce, in contrast with the rigidity of the Xi era.

© Maxim Shemetov/Reuters

The official obituary of Zhu Rongji, at a newsstand in Beijing on Thursday.
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