CNBC Daily Open: It's refreshing to see tariffs used as a weapon for peace

Here's a tariff we tin get behind. At a White House gathering connected Monday with NATO's caput general, Mark Rutte, U.S. President Donald Trump said helium would present "tariffs astatine astir 100%" connected Russia's commercialized partners if the Kremlin doesn't scope a woody to extremity its penetration of Ukraine successful 50 days.

Notably, the punitive measures volition beryllium implemented arsenic "secondary tariffs," Trump said. Unlike Trump's mean tariffs, nether which a circumstantial state is slapped with a levy, secondary tariffs enforce the work on countries and entities that bargain Russia's exports.

While those moves were meant to weaken Russia's economy, they bash tally the hazard of drafting different countries' ire. According to data from the International Trade Centre, successful 2024, Russia's biggest export was oil, and its biggest buyers were China, India and Turkey, successful that order. That means those nations, among others, would efficaciously look a tariff of 100% from the U.S. — the highest of each updated numbers announced truthful far — if they don't displacement their buying patterns.

That said, it's refreshing to deliberation of tariffs not arsenic a limb successful a commercialized warfare (even if determination mightiness beryllium collateral damage), but being utilized for peace.

Inside Europe’s billion-dollar woody city

A portion of Stockholm, the superior of Sweden, is acceptable to go the "world's largest woody operation project," according to its developer Atrium Ljungberg, which volition put 12 cardinal Swedish krona (about $1.25 billion) into the project.

Sickla — an concern country to the southbound of Stockholm's halfway erstwhile known for manufacturing diesel engines — is being redeveloped utilizing cross-laminated timber, with the worldly being utilized successful its buildings' core, floors and walls.

— Lucy Handley