It's hard in this war to exactly calculate how much oil is going through the Strait of Hormuz but we had a go and it doesn't seem to be that much.
https://t.co/9yNexwOe6y
NEW: Despite the risk of Iranian attack, the U.S. military is quietly steering commercial tankers and other ships through the contested Strait of Hormuz w/@PeterJEavis
https://t.co/e8MIp9AWTS
The US is saying that the French containership that was attacked in Hormuz yesterday did not coordinate with Project Freedom.
The company that owns the ship says that it did.
(Not an academic matter: Eight mariners injured.)
My story:
https://t.co/nRczb5mi4b
The promises to invest in the US have rolled in, often to please President Trump. In March, CMA CGM, a French shipping giant, pledged $20 billion – an improbably large sum for America’s maritime industries.
- The company said it was going to add 20 vessels to its American-flagged fleet; It has added just one (again, too expensive).
- And CMA CGM actually *cut* its stake in US ports in a recent deal. (it said the deal would lead to more investment but did not identify any in the US)
Great article by @PeterJEavis in the @nytimes on what the US seizure of Venezuelan oil tankers means for the shadow fleet shipping Russian oil through the Baltic. After US sanctions on Rosneft and Lukoil, this is another big step in the right direction. https://t.co/U5K5psbZuc
A Billings woman told local police that she'd been sexually assaulted by her counselor at the city's largest homeless shelter in late 2023. Her case was closed the same day she reported it, with local police citing a lack of evidence.
What do Trump's immigration policies mean for the job market? They're taking a toll labor supply, but also on demand.
Great on-the-ground look from @lydiadepillis.bsky.social in Florida:
https://t.co/e0xV483uu8
We have a new @The_Budget_Lab report out today looking at the short-run effects of tariffs so far. Basically, we asked the questions, "What do we see in actual data to date, and how does it compare to our priors." In brief...
1/13
#WashingtonToday LIVE 5p
⭕ 20th Anniv of Hurricane Katrina hitting Gulf Coast
⭕ Pres. Trump cuts $4.9B in foreign aid by 'pocket rescission' bypassing Cong. vote
⭕ Transp Dept cuts nearly $700M for wind energy projects
☎️ @PeterJEavis@nytimes on repeal of tariff exemption for low-value packages
⭕ UN Security Council meeting on Russia's continued attacks on Kyiv & other Ukrainian cities
⭕ former Rep. Randy 'Duke' Cunningham (R-CA) dies
Listen here: https://t.co/qLULHnkkDK
The number of purchases by American shoppers on Shein fell 12% in July, but shoppers spent 23% more, indicating that Shein lifted prices in response to the tariffs. (Data from Consumer Edge.)
The piece:
https://t.co/hlkgocy98k
De minimis is no more but Americans have not abandoned Shein, a big beneficiary of the loophole.
Trump ended de minimis for shipments from China in May.
Shein's dollar sales plunged initially, as tariffs began to apply, but then they recovered. They rose 9% in July.
How?
Two years ago, big truck makers like Daimler and Volvo signed a deal with California, saying they’d obey the state’s clean air rules. But why was the deal even needed? Aren’t companies just obliged to follow regulations?
The truck makers say Mr. Trump ‘s action have undermined the pact. But those who were at the agency what forged the deal say, no, the deal was built to withstand Washington’s onslaught on California. “This is very much what it is for,” said one lawyer who worked for the state.