Reuters Daily Briefing.

"Trump's metal tariffs kick in."

Views expressed in this geopolitical news and analysis are those of the reporters and correspondents.  Accessed on 12 March 2024, 1452 UTC.

Content and Source:  https://www.reuters.com.

Please check link or scroll down to read your selections.  Thanks for joining us today.

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

 

Get full access to Reuters.com for just $1/week. Subscribe now.

Daily Briefing

By Edson Caldas

Hello. Donald Trump's increased tariffs on all US steel and aluminum imports took effect, and Europe reacted swiftly. Canadian travelers are responding with their wallets.  Elsewhere, we are covering Greenland's parliamentary election and a rescue operation to free train passengers taken hostage in Pakistan. But first, we look at the result of peace talks between US and Ukrainian officials in Saudi Arabia.

Today's Top News   Secretary of State Marco Rubio said the US would take a ceasefire offer to Russia. SAUL LOEB/Pool via REUTERS Ukraine-Russia War The United States agreed to resume military aid and intelligence sharing with Ukraine after Kyiv said it was ready to support Washington's proposal for a 30-day ceasefire with Russia. After more than eight hours of talks in Saudi Arabia, US Secretary of State Marco Rubio said the ball is in Moscow's court. President Vladimir Putin is unlikely to embrace the proposal, Russian sources said, adding that any agreement would have to take Russian battlefield advances into account and address Moscow's concerns. Follow the latest. US politics Senate Democrats are wrestling with how to respond to a stopgap funding bill passed by the Republican-controlled House of Representatives, choosing between voting for a bill many of them oppose or allowing a government shutdown. Donald Trump will meet with Irish Prime Minister Micheál Martin later today, with the US president's trade policies and the conflict in Gaza among the potential topics of conversation. The Department of Education said it would lay off nearly half its staff, a possible precursor to closing altogether, as government agencies scrambled to meet Trump's deadline to submit plans for a second round of mass layoffs. In other news Pakistani security forces are carrying out a rescue operation to free dozens of passengers taken hostage by separatist militants who hijacked their train in the southwest of the country. Suicide bombers were seated next to some of the passengers, complicating rescue efforts, security sources said. A plane carrying former Philippines leader Rodrigo Duterte to the International Criminal Court took off for Rotterdam, a source told Reuters, after being delayed by a few hours. For the families of drug war victims, his arrest revived hopes for justice. The weather in some of the world's most densely populated cities is swinging from droughts to floods and back again as rising temperatures play havoc with the global water cycle, a study commissioned by the charity WaterAid showed.

Business & Markets   Trump's increased tariffs on all US steel and aluminum imports have taken effect, stepping up a campaign to reorder global trade in favor of the US. We look at what happened the last time Trump decided to impose tariffs on steel and aluminum. The US president defended his use of tariffs and said they could multiply as he met with the CEOs of America's biggest companies. Hear from Correspondent Jeff Mason, who was in the room, on today's Reuters World News podcast.  In response, the EU will impose counter tariffs on 26 billion euros worth of US goods from next month, the European Commission announced. The EU executive said, however, that it remained open to negotiations and considered higher tariffs in no one's interest. Canadians have been stung by Trump's actions and words since he returned to the White House, both around tariffs and suggestions that their country should be annexed by the United States. Now, travelers are responding with their wallets.  There is about a 40% chance of a US recession this year and a risk of lasting damage to the country's standing as an investment destination if the administration undermines trust in US governance, according to J.P. Morgan's chief economist. Mukesh Ambani's Reliance Jio signed a deal with Elon Musk's SpaceX to bring Starlink satellite internet services to India, a surprise move from the billionaires after being at odds for months over how the country should grant them spectrum.

In Graphics   US interest puts Greenland in focus. Greenland's pro-business opposition Demokraatit party, which favors a slow approach to independence from Denmark, won this week's parliamentary election that was dominated by Donald Trump's pledge to take control of the Arctic island. Since taking office in January, the US president has vowed to make Greenland a part of the United States, an idea rejected by most Greenlanders. Our graphics team broke down why their strategic location sparked Trump's interest. View the full report

And Finally... SPHEREx to create a 3D map of the cosmos. NASA/JPL-Caltech/Handout via REUTERS A NASA telescope was launched into space from California for a mission to explore the origins of the universe and to scour the Milky Way galaxy for hidden reservoirs of water, a key ingredient for life. The observatory will collect data on more than 450 million galaxies, as well as more than 100 million stars in the Milky Way. Read more

Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters' website Reuters Daily Briefing is sent 5 days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here. Terms & Conditions and Privacy Statement

© 2025 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036