Highlights

  1. Tariffs Add a New Shock to Food Supply Chains

    Companies made their supply chains stronger and more flexible because of the Covid pandemic. But they weren’t banking on tariffs.

     By

    A packing plant in Michoacán State in Mexico. The country supplies most of the avocados eaten in the United States.
    A packing plant in Michoacán State in Mexico. The country supplies most of the avocados eaten in the United States.
    CreditAlfredo Estrella/Agence France-Presse — Getty Images
    1. American Farmers Brace for Harm From Retaliatory Tariffs

      Trade wars during President Trump’s first term slashed billions of dollars in U.S. agricultural exports. Farmers and trade groups expect an even bigger hit this time.

       By

      A corn harvest in Minnesota. China will impose tariffs of as much as 15 percent on a wide range of food imports from the United States, including corn.
      A corn harvest in Minnesota. China will impose tariffs of as much as 15 percent on a wide range of food imports from the United States, including corn.
      CreditJenn Ackerman and Tim Gruber for The New York Times
  1. South Africa Prepares Trade Deal Meant to Ease Tensions With Trump

    Lawmakers were warned that the United States is planning more punitive actions against the country. Officials hope a new trade deal will help repair the icy relations.

     By

    President Cyril Ramaphosa of South Africa addressing a meeting of finance ministers from the Group of 20 nations in Cape Town last month.
    CreditRodger Bosch/Agence France-Presse — Getty Images
  2. Trump Says U.S. Banks Can’t Do Business in Canada. It’s Not That Simple.

    President Trump has complained that American banks are restricted from operating in Canada. They can, but are hamstrung.

     By

    Canada’s banking sector is dominated by a half-dozen large institutions.
    CreditChris Wattie/Reuters
  3. Tom Llamas Named Anchor of ‘NBC Nightly News’

    Mr. Llamas, an anchor on the company’s streaming news service, will succeed Lester Holt, who last month announced his plans to step down.

     By

    Tom Llamas will take over as anchor of “NBC Nightly News.” The job has been held by only three men — Tom Brokaw, Brian Williams and Lester Holt — over the past 42 years.
    CreditNathan Congleton/NBC
  4. China’s Economic Plan Is Light on Detail as Trade War Intensifies

    The country’s top leaders set an optimistic growth target but gave few hints of how to achieve it as their export-led strategy is challenged by rising tariffs on Chinese goods.

     By Alexandra Stevenson and

    Xi Jinping, China’s top leader, during the opening session of the Chinese People’s Political Consultative Conference in Beijing on Tuesday.
    CreditAndy Wong/Associated Press
  5. Most Contaminated U.S. Nuclear Site Is Set to Be the Largest Solar Farm

    Plans to transform Hanford, which was integral to the nation’s nuclear arsenal after World War II, had just begun inching forward when President Trump started his second term.

     By

    A tank farm holding untreated waste from plutonium production at the Hanford Nuclear Reservation. When Hanford was decommissioned in 1989, 54 million gallons of radioactive sludge was left behind in underground tanks.
    CreditMason Trinca for The New York Times
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  10. Adidas Has Sold Its Last Yeezy Sneaker

    The sportswear maker was eager to put the scandal with the rapper Ye behind it, but its cautious earnings forecast showed the breakup’s effects still lingered.

    By Lynsey Chutel

     
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