Tuesday Briefing

President Trump speaking with the press pool on Air Force One on Sunday.Credit…Eric Lee/The New York Times

World leaders seek to sway Trump on tariffs

Governments across the globe have been racing to schedule calls with President Trump, send delegations to Washington and offer sweeteners on their own import taxes in order to escape punishing levies that are set to go into effect tomorrow.

Trump and his advisers have given mixed signals on whether the U.S. is willing to negotiate. Trump has said that the tariffs, which range from 10 percent to 40 percent on nearly 60 countries, will remain in place until U.S. trade deficits disappear, but the administration still appears to be welcoming friendly offers from foreign nations.

So far, just China and Canada have countered with new tariffs of their own. E.U. officials have threatened to impose retaliatory tariffs, but they’ve also offered to drop tariffs to zero on some products in return for the same treatment.

China: Trump told China that if it did not rescind its retaliatory tariffs, he would impose additional tariffs of 50 percent starting tomorrow, which would bring the total taxes on Chinese imports to 104 percent. China has vowed to “fight to the end,” calling his threat “blackmail.”

Markets: Wall Street ended another turbulent day of trading with a small decline. The S&P 500 is now on the precipice of a bear market. In Asia, stocks regained a measure of calm today. (Here’s what to know about the economic turmoil.)

More on the Trump administration

• The Supreme Court ruled that the Trump administration could continue to deport Venezuelan migrants using a wartime powers act for now, overturning a lower court’s decision that had put a temporary stop to the deportations.

• The Trump administration is seeking to spend tens of billions of dollars to set up the machinery to expand immigrant detention.

• The social media platform X is benefiting as its owner, Elon Musk, advises Trump.

• As the Trump administration pulls government websites and data offline, the president is declaring his own version of history.

• Track Trump’s actions since he took office.