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Climate Change Could Become a Global Economic Disaster

New warnings from financial firms and insurers point to a future defined by profound risks to the global economy from heat, storms and other disasters.

Β© Cristobal Herrera-Ulashkevich/EPA, via Shutterstock

Flooding in Fort Lauderdale, Fla., in 2023. By 2049, costs from the effects climate change could total more than $38 trillion annually.

Oil Executives Refrain From Publicly Criticizing Trump or His Tariffs

Eager to stay in Mr. Trump’s good graces, oil executives refrain from publicly criticizing the president. But privately, β€˜Everybody’s afraid.’

Β© Georgina McCartney/Reuters

Oil and gas executives have privately decried the uncertainty that President Trump’s tariffs have sown, including in a recent anonymized survey by the Federal Reserve Bank of Dallas.

Oil Prices Tumble Further as Trump’s Tariffs Weigh on Economic Outlook

Crude oil now costs 15 percent less than it did before the president revealed his plans to impose stiff new tariffs on imports from most countries.

Β© Julio Cortez/Associated Press

An oil field pump jack in Seminole, Texas, in February.

Trump’s Tariff War Has Added Risk to U.S. Bonds, Long the Surest Bet in Global Finance

Shocked by Trump’s trade war, foreign investors are selling U.S. government bonds, long the world’s safe haven.

Β© Jason Andrew for The New York Times

Investors buy U.S. Treasury bonds on the assumption that, come what may, the federal government will endure.

Trump Announces β€˜Reciprocal’ Tariffs Across the Globe

The president said his advisers would devise new tariff levels reflecting countries’ tariffs, taxes, subsidies and other policies affecting trade with the United States.
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