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"Trump plans another 10% tariff on Chinese imports."

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Russ Roberts (https://trendsingeopolitics.blogspot.com).

 

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Good afternoon. Here’s what you should know today, Feb. 27: Trump won’t commit to security guarantees for Ukraine Meta apologizes over violent video “error” What exactly is a beer sommelier? By Liz Webber Thanks for reading What’s News! Look for the 🔐 to enjoy a free article on us—and share the link with a friend (or forward the whole newsletter!). Cargo ships ​dock at Nanjing Port​, China, this month. PHOTO: CFOTO/ZUMA PRESS 1. President Trump said the U.S. will impose an additional 10% tariff on imports from China over its role in the fentanyl trade. The move, slated to take effect Tuesday, doubles up on the previous 10% additional tariff (🔐 read for free) Trump placed on Chinese products earlier this month. The U.S. will also move forward with 25% tariffs on products from Canada and Mexico next week. Trump said America’s neighbors hadn’t done enough to curb drug smuggling to win another delay for those duties. Separately, Mexico extradited 29 jailed drug bosses to the U.S. The group includes a man wanted for the 1985 killing of a DEA agent, according to a person familiar with the situation. 2. Trump struck a more supportive tone on Ukraine, but stopped short of promising the security guarantees for Kyiv that European allies want. During meetings with British Prime Minister Keir Starmer, Trump repeatedly said he would only consider a plan to send European peacekeepers to Ukraine with a U.S. military “backstop” of air defenses and intelligence support after a cease-fire is reached between Moscow and Kyiv. Meanwhile, a suggestion by the Trump administration’s top negotiator that a Ukraine peace deal would be based on talks conducted in Istanbul nearly three years ago has buoyed Russian officials and spooked Ukraine and its backers. 3. Microsoft is pushing the Trump administration to ease export limits on chips that can be used in data centers for training AI models. In a blog post, the company called for loosening restrictions so they no longer apply to a group of U.S.-friendly nations including India, Switzerland and Israel. Microsoft says the unintended consequence would be that countries facing limited U.S. chip supply would turn to China to get the tech they need. In other chip news, Amazon unveiled its first quantum computing chip, and Nvidia has adapted its chips to stay ahead of an AI industry shift. Meanwhile, the Abu Dhabi royal sometimes called “the spy sheikh” is using the more than $1.5 trillion at his disposal to make the United Arab Emirates a global hub for AI. 4. The first Israeli military commission into the Oct. 7, 2023 attacks found that officials missed blatant signs that Hamas was about to attack. The findings shed new light on the scale of Israeli intelligence failures and scope of Hamas’s planning. The details will likely prompt further reckoning in Israel where no politician and only a handful of military figures have resigned over the failings, though the report doesn’t apportion blame. 5. The deaths of actor Gene Hackman and his wife were “suspicious enough in nature” to warrant an investigation, authorities said. The two-time Oscar winner, 95, and classical pianist Betsy Arakawa, 64, were found dead yesterday afternoon at a home in Santa Fe, N.M. Authorities haven’t said how the couple died and didn’t suspect foul play. Hackman’s storied acting career included “The French Connection” and “Unforgiven.” He was known as an actor’s actor, sought out by movie stars and top directors who wanted to work with him. MEMBER MESSAGE: MANSION GLOBAL Challenge Your Inner Agent: Play HomeShuffle Now The daily game for avid real estate watchers lets you test your knowledge of home pricing and has you competing for the top of the leaderboard. Play Now The Number 17 The number of House Democrats who missed at least 20% of the votes cast from the session’s start on Jan. 3 through Feb. 23, compared with three Republicans. The GOP has a 218-215 advantage in the chamber, meaning the party can afford no more than one “no” vote if all Democrats are present and oppose a bill. Democrats typically miss more votes than Republicans do, a Wall Street Journal analysis shows. ‏‏‎Quoted “I watched 10 people die today.”  —Grant Robinson, a 25-year-old whose Instagram Reels yesterday showed videos of people getting shot and run over. Parent company Meta apologized for what it said was an “error” that led to graphic and violent videos flooding the feeds of a vast number of app users, including minors. Catch Up FAA Aims to Boost Hiring of Air-Traffic Controllers, Update Technology (Read) White House Touts Arrests of Violent Migrants, but Trump’s Crackdown Is Much Broader (Read) Inside Kash Patel’s Whirlwind Start at the FBI (Read) Mystery Disease Linked to Bats Kills Scores in Congo (Read) Andrew Tate Arrives in Florida Despite Human-Trafficking Probe in Romania (Read) For Years, It Was the NFL’s Most Miserable Team. Now, It’s a Model Franchise. (Read) Live Better A hacker’s email to Matthew Van Andel. PHOTO: ADALI SCHELL FOR WSJ A few hygiene measures can help keep hackers from destroying your digital life. If you read our profile of former Disney employee Matthew Van Andel, whose life was destroyed following a single download, you might be wondering: How can I prevent this from happening to me? The good news is there are a few things you can do to make it harder for hackers if you slip up. Read More What Do You Think? Yesterday, we asked whether lawmakers should move to create Trump tributes. Here’s what you had to say: “He has [his] name already on many of his businesses, which is where they belong and not on any federal property. If DOGE is working to save the U.S. money then here is a perfect example of how not to spend unnecessary U.S. taxpayer dollars.” —Michael Maiden, Kansas “I hope President Trump will have a tribute one day, but believe that it is too soon. If the question means a statue or building, that should wait until he is no longer with us. He has a mammoth task and is off to a good start, but let's wait to see how it ends up.” —Kitty Allen, North Carolina “Absolutely not. Fawning over a sitting president by creating a tribute such as a national holiday or renaming an airport sets a dangerous precedent. It could lead to the possibility of endless national holidays or a revolving door of name changes for airports, highways and buildings with each new administration. Tributes should be posthumous.” —Candace Johnson, Oregon Responses have been condensed and edited. What is your favorite Gene Hackman role? Why? Let us know at whatsnewsletter@wsj.com or reply to this newsletter. Include your full name and location, and we may publish your response in an upcoming issue. Take a Break Shelley Smith, a Master Cicerone, works at Boston Beer. PHOTO: BOSTON BEER COMPANY Becoming a beer sommelier is almost impossible. Explaining it is harder. The exclusive club of Master Cicerones finds the title comes with a few perks and a lot of questions. Read More Beyond the Newsroom Buy Side from WSJ: Paying for home renovations often requires planning. If you aren't careful you could end up with unnecessary debt. 🗨 Get set for the trading day ahead. Let WSJ’s Spencer Jakab prepare you with expert insight into the companies and industries set to move markets. Check out our newly redesigned Markets A.M. newsletter. Sign Up Today's newsletter was curated by Liz Webber in collaboration with Leigh Kamping-Carder in New York. Follow Leigh on X at @Leigh_KC. Sign up for WSJ newsletters on markets, tech, careers and more. 📰 Enjoying this newsletter? Get more from WSJ and support our journalism by subscribing today with this special offer.   Access WSJ‌.com and our mobile apps. Subscribe

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