Tariffs, the Louvre and the Russia-Ukraine war
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Hi, I'm Sharon Reich-Garson in New Jersey. It's Saturday, November 15th. Today, Trump removes tariffs on everyday groceries, the hunt for the Louvre jewels targets Antwerp's jewelry underworld, And healthcare reshapes the 2026 midterm race. This is Reuters World News, bringing you everything you need to know from the front lines in 10 minutes, seven days a week. Tariffs on key food items, including coffee, beef, and bananas, are being rolled back. President Donald Trump trying to ease grocery costs after months of insisting tariffs aren't fueling inflation. Speaking on Air Force One, Trump also promised a $2,000 dividend for lower-income Americans next year, funded by tariff revenue.
When I pay people $2,000 each for the low and moderate income and middle income people, everybody but the rich will get this.
Democrats say the Trump administration is putting out a fire they started and calling it progress. The Trump administration also announced trade deals with Argentina, Ecuador, and others are in the works, signaling more rollbacks are coming. a crescendo in the war in Ukraine, with Russia launching one of its biggest missile and drone attacks on Kyiv. Several people were killed as Moscow pounded apartment blocks in the capital. In the south of the country, it targeted energy facilities. The barrage comes after Ukraine hit on a black seaport, which effectively took out 2% of the world's global oil supply. Reuters editor at large Mike Collett-White has recently returned from covering the war in Ukraine.
The attack was so successful from the Ukrainian point of view that it led to a suspension of oil exports of up to 2.2 million barrels a day, or 2% of global supplies. The markets are very worried. And while long-range drones are the main weapon of choice for Ukraine, in this case, the Ukrainians came out and said, we actually used our newly developed Neptune missiles. They can fly a long way, 1,000 kilometers. but also significantly they carry a greater payload than a drone. So that means that if they do manage to impact, let's say, an oil refinery, the damage that they cause would be far greater than a drone.
Trump's war of words with the BBC has escalated. He's now threatening to sue the British broadcaster for $5 billion over the edit of his speech. The BBC has apologized, but rejects that the president has a defamation case. Trump hasn't filed the papers just yet, but today's episode of On Assignment, our sister podcast, explores the legal merits of any such suit. Legal reporter Jack Queen joins host Jonah Green
the argument is that these statements harmed his reputation and he suffered all this harm because of it, it can be a little tricky to square that in your head, right, with the fact that, well, he won the election and he's president. And a lot of reporting suggests that he's making tremendous amounts of money as a private businessman while being president.
You can listen to On Assignment on your favorite podcast platforms. We'll put a link in today's pod description. The US government is back in business after the longest shutdown in US history. Flights are resuming, food assistance is flowing again, and paychecks are coming for more than a million workers. But the fight that triggered it all, the Affordable Care Act subsidies, isn't resolved. They expire in December, and without them, 24 million Americans are facing massive premium hikes. Democrats are still hopeful that they can extend the subsidies, given a commitment by Senate Republicans to take up the issue. But Republicans say Democrats are just propping up a dysfunctional system. I spoke to national affairs reporter Nathan Lane, who traveled to West Virginia, one of the nation's most reliably conservative states, where he says this could be the issue one Republican candidate makes his own in 2026.
West Virginia has a rural aging population with high rates of diabetes and other chronic illnesses. It's a difficult place to insure, right? The subsidies really helped get those premiums down.
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