wilmington, delaware — President Joe Biden’s reelection campaign and the Democratic National Committee said Saturday that they raised more than $90 million in March and ended the year’s first quarter with $192 million-plus in cash on hand, further stretching their money advantage over Donald Trump and the Republicans. 

The Biden campaign and its affiliated entities reported collecting $187 million from January through March and said that 96% of all donations were less than $200. 

That total was bolstered by the $26 million-plus that Biden reported raising from a March 28 event at Radio City Music Hall in Manhattan that featured former Presidents Barack Obama and Bill Clinton.  

Trump and the Republican party announced earlier in the week that they raised more than $65.6 million in March and closed out the month with $93.1 million. As the incumbent in 2020, Trump had a huge campaign treasury when he lost to Biden.  

Trump’s campaign said it raised $50.5 million from an event Saturday with major donors at the Florida home of billionaire investor John Paulson, setting a single-event fundraising record. 

Campaign fundraising reports filed with the Federal Election Commission detailing donations from Saturday’s event are not expected until a mid-July filing date.

Biden’s campaign says the pace of donations has allowed it to undertake major digital and television advertising campaigns in key states and to work with the DNC and state parties to better mobilize would-be supporters before the November election. 

The campaign said the $192 million-plus as of March 31 was the highest total ever by any Democratic candidate. About 1.6 million people have donated to the campaign since Biden announced in April 2023 that he was seeking a second term. The campaign raised more than $10 million in the 24 hours after the president’s State of the Union speech in early March. 

“The money we are raising is historic, and it’s going to the critical work of building a winning operation, focused solely on the voters who will decide this election – offices across the country, staff in our battleground states, and a paid media program meeting voters where they are,” Biden campaign manager Julie Chavez Rodriguez said in a statement. She scoffed at “Trump’s cash-strapped operation that is funneling the limited and billionaire-reliant funds it has to pay off his various legal fees.” 

Trump campaign officials have said they do not expect to raise as much as the Democrats but will have the money they need. The Biden campaign says its strong fundraising shows enthusiasm for the president, defying his low approval ratings and polls showing that most voters would rather not see a 2020 rematch. 
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LONDON — A journalist for an independent Iranian media outlet in London stabbed outside his home last week has returned to work, saying “the show must go on.”

Pouria Zeraati, a presenter for Iran International, needed hospital treatment for leg wounds suffered in the March 29 attack.

The 36-year-old said the stabbing was a “warning shot.”

“The fact that they just stopped in my leg was their choice,” he told ITV News.

“They had the opportunity to kill me because the way the second person was holding me and the first person took the knife out, they had the opportunity to stop anywhere they wanted,” he added.

Zeraati said he had returned to work Friday, adding: “Whatever the motive was, the show must go on.”

London’s Metropolitan Police say the two suspects went straight from the scene in southwest London to Heathrow Airport and left the U.K. “within a few hours.”

Detectives were considering whether “the victim’s occupation as a journalist at a Persian-language media organization based in the U.K.” could have prompted the assault.

Iran’s charge d’affaires in the U.K., Mehdi Hosseini Matin, however, said Tehran denied “any link” to the attack.

The Metropolitan Police has previously disrupted what it has called plots in the U.K. to kidnap or even kill British or Britain-based individuals perceived as enemies of Tehran.

The Iranian government has declared Iran International a terrorist organization.

The U.K. government last year unveiled a tougher sanctions regime against Iran over alleged human rights violations and hostile actions against its opponents on U.K. soil.
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london — Airline passengers in parts of the United Kingdom and Ireland faced travel disruptions Saturday due to flight cancellations as a storm swept across both countries and left thousands of Irish homes with power outages. 

The disruption caused by Storm Kathleen, named by the Irish Meteorological Service and the 11th named storm of the 2023-24 season, has affected flights at airports across Ireland and the U.K., including Manchester Airport and Belfast City Airport. 

Dublin Airport said travelers due to fly were being advised to check with their airline for travel updates after weather conditions at other airports led to some cancellations and flight diversions. 

EasyJet said that due to the impact of the storm, some flights to and from the Isle of Man and Belfast International had been unable to operate Saturday. 

“We are doing all possible to minimize the impact of the weather disruption,” the airline said in a statement to Reuters. 

EasyJet said it was providing customers whose flights were cancelled with the option to transfer to an alternative flight or receive a refund, hotel accommodation and meals. 

In Scotland, rail and ferry services were also affected and faced disruption due to Storm Kathleen with Scottish rail services implementing temporary speed restrictions earlier in the day. 

Strong winds associated with the storm also led to several power outages across the country, with approximately 34,000 homes, farms and businesses impacted, Irish power supplier ESB Networks said. 

“ESB Networks crews are mobilized in impacted areas and responding to power outages where safe to do so,” the company said in an update Saturday.  
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Some U.S. voters were waiting for a third political party to announce its presidential ticket before they decided on the Democratic or Republican nominee. VOA Senior Washington Correspondent Carolyn Presutti tells us what they will do now that the No Labels group dropped plans to post a unity ticket. Camera:  Adam Greenbaum
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BUDAPEST, Hungary — A rising challenger to Hungarian Prime Minister Viktor Orban mobilized tens of thousands of supporters in Hungary’s capital Saturday, outlining a plan to unite the country and bring an end to the populist leader’s 14-year hold on power.

At the center of the demonstration, the latest in a recent series of protests against Orban’s right-wing nationalist government, was political newcomer Peter Magyar, a former insider within Hungary’s ruling Fidesz party who has shot to prominence in recent weeks through his allegations of entrenched corruption and cronyism among the country’s leaders.

Magyar addressed a crowd that filled the sprawling square near the parliament building in Budapest, announcing his creation of a new political community aimed at uniting both conservative and liberal Hungarians disillusioned by Orban’s governance and the fragmented, ineffectual political opposition.

“Step by step, brick by brick, we are taking back our homeland and building a new country, a sovereign, modern, European Hungary,” Magyar said, adding that the protest was “the biggest political demonstration in years.”

Magyar, 43, was once a member of Orban’s political circle and is the ex-husband of former justice minister and Orban ally Judit Varga. But he broke ranks in February in the wake of a political scandal that led to the resignation of his ex-wife and the president and has amassed a large following with frequent media appearances where he portrays Hungary’s political life as having been taken over by a privileged group of oligarchs and anti-democratic elites.

He has argued that Orban’s government operates as a “mafia,” and advocated for a moral, political and economic transformation of the country that would rein in corruption and create a more pluralistic political system.

“More than 20 years have passed as our elected leaders have incited the Hungarian people against each other. Whether the fate of our country went well, or we were close to bankruptcy, we were pitted against each other instead of allowing us to band together,” Magyar said. “We will put an end to this now.”

Hungary’s government has dismissed Magyar as an opportunist seeking to forge a new career after his divorce with Varga and his loss of positions in several state companies. But his rise has compounded political headaches for Orban that have included the resignation of members of his government and a painful economic crisis.

Last month, Magyar released an audio recording of a conversation between him and Varga that he said proved that top officials conspired to manipulate court records to cover up their involvement in a corruption case. He has called on Orban’s government to resign and for a restoration of fair elections.

Orban’s critics at home and in the European Union have long accused him of eroding Hungary’s democratic institutions, taking over large swaths of the media and altering the country’s election system to give his party an advantage. The EU has withheld billions in funding to Budapest over alleged democratic backsliding, misuse of EU funds and failure to guarantee minority rights.

One demonstrator on Saturday, Zoltan Koszler, said he wanted a “complete change in the system, which is now completely unacceptable to me.”

“I want to live in a normal, rule-of-law state where the principles of the rule of law are really adhered to, not only on paper, but in reality,” he said.

Magyar has said he will establish a new party that will run in EU and municipal elections this summer.
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BUCHAREST, Romania — German Chancellor Olaf Scholz warned of threats posed by right-wing populists Saturday as he addressed a gathering of center-left European parties ahead of elections for the European Parliament in June. 

Scholz arrived in Romania’s capital Bucharest for a conference of the Party of European Socialists, part of the Socialists and Democrats group, the second biggest in the Parliament. Voters in the 27 EU member states go to the polls June 6-9. 

“Right-wing populists are running election campaigns against our united Europe,” the German leader said at the Palace of the Parliament, which hosted the conference. “They are ready to destroy what we have built for the kids; they stir up sentiment against refugees and minorities.” 

Opinion polls indicate a significant shift to the right in the upcoming election, with the radical right Identity and Democracy group likely to gain enough seats to become the third-largest group in the legislature, mainly at the expense of the Greens and the centrist Renew Europe group. 

Scholz said a prosperous EU capable of “getting things done” is “the best response to populism and autocrats.” He also pledged continued support for Ukraine, saying it’s “key to restoring peace in Europe.” 

Scholz leads an unpopular three-party coalition. Recent national polls have shown his center-left party far behind Germany’s main center-right opposition bloc and at best roughly level with the far-right Alternative for Germany party. 

The Socialists and Democrats President Iratxe Garcia Perez also addressed the issue of rising populism in the June elections, saying those parties “only pose a threat to our European project.” 

The meeting comes after the EU’s largest political party, the center-right European People’s Party, met in Bucharest last month, where representatives endorsed Ursula von der Leyen’s bid for a second five-year term leading the bloc’s powerful Commission.

Jobs and Social Rights Commissioner Nicolas Schmit from Luxembourg was chosen as the Socialists and Democrats lead candidate for Brussels’ top job. The next Commission chief will require approval from leaders of all EU’s member states. Almost half of the EU’s 27 national leaders are members of the European People’s Party. 
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PENTAGON — Russian microchip company AO PKK Milandr continued to provide microchips to the Russian armed forces at least several months after Russia invaded Ukraine, despite public denials by company director Alexey Novoselov of any connection with Russia’s military.

A formal letter obtained by VOA dated February 10, 2023, shows a sale request for 4,080 military grade microchips for the Russian military. The sale request was addressed from a deputy commander of the 546 military representation of the Russian Ministry of Defense and the commercial director of Russian manufacturer NPO Poisk to Milandr CEO S.V. Tarasenko for delivery by April 2023, more than a year into the war.

The letter instructs Milandr to provide three types of microchip components to NPO Poisk, a well-established Russian defense manufacturer that makes detonators for weapons used by the Russian Armed Forces.

“Each of these three circuits that you have in the table on the document, each one of them is classed as a military-grade component … and each of these is manufactured specifically by Milandr,” said Denys Karlovskyi, a research fellow at the London-based Royal United Services Institute for Defense and Security Studies. VOA shared the document with him to confirm its authenticity.

In addition to Milandr CEO Tarasenko, the letter is addressed to a commander of the Russian Defense Ministry’s 514 military representation of the Russian Ministry of Defense named I.A. Shvid.

Karlovskyi says this inclusion shows that Milandr, like Poisk, appears to have a Russian commander from the Defense Ministry’s oversight unit assigned to it — a clear indicator that a company is part of Russia’s defense industry.

Milandr, headquartered near Moscow in an area known as “Soviet Silicon Valley,” was sanctioned by the United States in November 2022, for its illegal procurement of microelectronic components using front companies.

In the statement announcing the 2022 sanctions against Milandr and more than three dozen other entities and individuals, U.S. Treasury Secretary Janet Yellen said, “The United States will continue to expose and disrupt the Kremlin’s military supply chains and deny Russia the equipment and technology it needs to wage its illegal war against Ukraine.”

Karlovskyi said that in Russia’s database of public contracts, Milandr is listed in more than 500 contracts, supplying numerous state-owned and military-grade enterprises, including Ural Optical Mechanical Plant, Concern Avtomatika and Izhevsk Electromechanical Plant, or IEMZ Kupol, which also have been sanctioned by the United States.

“It clearly suggests that this entity is a crucial node in Russia’s military supply chain,” Karlovskyi told VOA.

Novoselov, Milandr’s current director, told Bloomberg News last August that he was not aware of any connections to the Russian military.

“I don’t know any military persons who would be interested in our product,” he told Bloomberg in a phone interview, adding that the company mostly produces electric power meters.

The U.S. allegations are “like a fantasy,” he said. “The United States’ State Department, they suppose that every electronics business in Russia is focused on the military. I think that is funny.”

But a U.S. defense official told VOA that helping Russia’s military kill tens of thousands of people in an illegal invasion “is no laughing matter.”

“The company is fueling microchips for missiles and heavily armored vehicles that are used to continue the war in Ukraine,” said the defense official, who spoke to VOA on the condition of anonymity due to the sensitivities of discussing U.S. intelligence.

Milandr’s co-founder Mikhail Pavlyuk was also sanctioned during the summer of 2022 for his involvement in microchip smuggling operations and was caught stealing from Milandr. Pavlyuk fled Russia and has claimed he was not involved.

Officials estimate that 500,000 Ukrainian and Russian troops have been killed or injured in the war, with tens of thousands of Ukrainian civilians killed in the fighting.

“There are consequences to their actions, and the U.S. will persist to expose and disrupt the Kremlin’s supply chain,” the U.S. defense official said.
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TAIPEI, TAIWAN — The United States and China have agreed to hold talks and create two economic groups focused on a wide range of issues — including addressing American complaints about China’s economic model, growth in domestic and global economies and efforts against money laundering — according to a statement released Saturday by the U.S. Treasury Department.

The agreement comes on the second day of an official visit to China by U.S. Treasury Secretary Janet Yellen, during which she has urged Chinese leaders to change their domestic manufacturing policies.

The two sides are set to hold “intensive exchanges” on cultivating more balanced economic growth and combating money laundering.

Yellen said the efforts would establish a structure for Beijing and Washington to exchange views and address Chinese industrial overcapacity, its ability to supply more product than is demanded.

“I think the Chinese realize how concerned we are about the implications of their industrial strategy for the United States, for the potential to flood our markets with exports that make it difficult for American firms to compete,” she told journalists after the announcement Saturday.

Yellen was en route to Beijing after beginning her five-day visit in the southern city of Guangzhou, which is a key manufacturing and export center for China.

While the issue of China’s industrial overcapacity will not be resolved instantly, Yellen said Chinese officials understand it’s an “important issue” for Americans, adding that her exchanges with Chinese Vice Premier He Lifeng will facilitate a discussion around macroeconomic imbalances and their connection to overcapacity.

China’s state-run Xinhua news agency reported Chinese officials “comprehensively responded” to the issue of industrial overcapacity raised by the Americans. “Both sides agreed to continue to maintain communication,” an official readout said.

The announcement came a day after Yellen urged Beijing to reform its trade practices and create “a healthy economic relationship” with the U.S. It also follows Chinese state media’s warning that Washington may consider rolling out more protectionist policies to shield U.S. companies.”

Some analysts say the announcement reflects Yellen’s effort to push forward on collaboration in areas the U.S. and China agreed on during U.S. President Joe Biden and Chinese leader Xi Jinping’s San Francisco summit last November.

“When Xi met Biden in November, they agreed to set up working groups, so Yellen is continuing to push that forward with the meeting,” Dexter Roberts, director of China affairs at the University of Montana’s Mansfield Center, told VOA by phone.

While he called the announcement a positive development, Roberts said he does not think Beijing and Washington will reach agreement on contentious trade issues during Yellen’s trip.

“There could be temporary things like China easing off on subsidizing electric vehicles a bit, but it’s unclear how either side is going to change what’s happening in a way that allows the tension over trade to lessen,” he said.

Beijing’s displeasure

While Washington highlighted threats posed by China’s industrial overcapacity, Beijing focused on its concerns about U.S. export controls on Chinese companies during the meeting between Yellen and He.

“The Chinese side expressed serious concerns over Washington’s restrictive economic and trade measures against China,” read the Chinese readout published by Xinhua.

Some experts say the United States and China could make progress on U.S. export restrictions on Chinese companies.

“Some U.S. businesses are calling for the government to remove some of the export restrictions, especially for chips [integrated circuits],” Victor Shih, director of the 21st Century China Center at the University of California in San Diego, told VOA by phone.

Since China is either already making, or is on the cusp of making, some of the computer chips on the sanctions list, Shih said he thinks restricting U.S. companies from selling some of the chips to China will only hurt American interests. “It’s really not hurting China that much,” he said.

In addition to U.S. controls on exports to Chinese entities, Shih said the other big topic Chinese officials are likely to raise in meetings with Yellen is potential tariffs Washington may impose on Chinese products.

“Since China is the largest exporter in the world, it’s not in its interest for there to be a lot of tariffs around the world, especially for major importers like the U.S.,” he said, adding that talking to Washington about lowering tariffs and not enacting new ones will be an important agenda item for Beijing.

While she has not explicitly promised to impose new sanctions on Chinese products, Yellen said she would not rule out the possibility of adopting more measures to safeguard the American supply chain for electric vehicles, batteries or solar panels from heavily subsidized Chinese green energy products.

During a phone call Tuesday with Biden, Xi warned that if the United States is “adamant on containing China’s high-tech development and depriving China of its legitimate right to development, China is not going to sit back and watch.”

Bilateral communication

Despite persistent differences over contentious trade issues, Yellen and He underscored the importance for China and the U.S. to “properly respond to key concerns of the other side” to build a more cooperative economic relationship.

“It also remains crucial for the two largest economies to seek progress on global challenges like climate change and debt distress in emerging markets in developing countries, and to closely communicate on issues of concern such as overcapacity and national security-related economic actions,” Yellen said Friday.

Based on Yellen and He’s comments and signals from the Biden-Xi call Tuesday, some analysts say the U.S. and China will continue to put guard rails around the bilateral relationship to prevent it from further deteriorating.

“The two sides have come to the realization that they will have to live together, perhaps uncomfortably at times,” said Zhiqun Zhu, an expert on Chinese foreign policy at Bucknell University.

While the relationship will remain highly competitive, Zhu said he thinks Beijing and Washington will “stay engaged and seek cooperation in areas of common interest.”

“Maintaining stability is the priority for both Xi and Biden now,” he said.

Yellen is scheduled to have meetings with other senior officials Sunday and Monday in Beijing.
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PHILADELPHIA — He surveyed the Arizona crowd that had paid to catch a wrestling glimpse of the planet’s mightiest heavyweight, as measured in both box-office heft and ink-stained muscles. Then The Rock let the abuse fly. And as with so many public outbursts these days, attacking his opponents wasn’t enough. He had to insult the people, too.

“The Rock did a little bit of research, and here’s what he found out. This is the truth. This is a fact. The No. 1 city in America for cocaine and meth use is Phoenix, Arizona,” The Rock said to a roaring crowd that seemed to revel in the insults. Then and only then did he lay the smack down on his WrestleMania opponents.

Were The Rock’s assertions true? Or just an engine for vigorous trash talk? Most importantly: Does anyone really care, as long as the entertainment value is cranked to 11 and WWE churns out more fans to watch and fork over cash for its signature spectacle, WrestleMania, unfolding in Philadelphia this weekend?

Along the murky lines that intertwine sports, entertainment and, yes, politics, the ethos of being bad has never been so good. Say what you want. Do you want. The public eats it up. And for decades, somehow, the garish world of professional wrestling has sat smack in the middle of it all.

Outside the ring, the Superman spandex traded for Clark Kent glasses and a leather jacket, Dwayne Johnson crafts his good-guy image to plug his movies, his tequila label, his men’s care line, his football league — business interests where the bottom line doesn’t require calling the competition a bunch of “roody-poo candy-asses.” But under the house lights each week on live TV, Johnson knows storylines are sold on his Hollywood heel persona.

“I feel like everybody wants to be the good guy, the good girl. Everyone wants to be loved and cheered and considered the hero, which is great and it’s natural,” he says. “But, I have felt in my career, the rare air is when you have the opportunity to grab it by the throat, you don’t let it go. And that’s the opportunity to be a great bad guy.”

Wrestlemania and its cultural pull

The Rock is set to headline one of two nights of the annual WrestleMania event this weekend in Philadelphia, where more than 70,000 fans each night are expected to pack the NFL stadium that is home to the Eagles.

Banners of your favorite wrestlers, or the ones you love to hate, have smothered city street poles. Philly has been overrun by wrestling conventions, autograph signings, independent wrestling shows, podcast tapings, a 2K24 gaming tournament and all the other trappings that have turned the industry into a mainstream cultural phenomenon.

From the start, WrestleMania was born to be different.

Mr. T and Muhammad Ali helped pack Madison Square Garden in 1985, and “The Showcase of the Immortals” quickly turned a night of wrestling usually reserved for smoky arenas into the Super Bowl of entertainment. As WrestleMania approaches 40, it’s never been bigger — even with brainchild Vince McMahon a pariah and ousted from the company in the wake of a sex abuse lawsuit.

Yes, McMahon and Donald Trump even tangled at WrestleMania in 2007 in a “Battle of the Billionaires” match.

“Donald Trump, to a certain extent, represents a great deal of Americana,” McMahon said in 2007. “He’s larger than life, which really fits into what the WWE is.”

Maybe wrestling really does represent who we are as a nation. But even if you still scrunch your nose like you took a whiff of curdled milk over the very idea that anyone would like this flavor of wrestling, odds are you’ve still heard of The Rock and Hulk Hogan. Andre the Giant and John Cena. You’ve snapped into a Slim Jim because Randy Savage ordered you to, or let out a “Woooo!” at a hockey game like Ric Flair. Dave Bautista won a WrestleMania championship before he ever guarded the galaxy.

“Look at the way it was marketed in the 80s, when Vince McMahon really changed the whole industry forever,” said author Brad Balukjian, whose new book is on 1980s WrestleMania stars. “He’s got the action figures, he’s got the cartoon and the bedsheets and the lunch boxes. He turned these guys into the Batmans and the Marvel Cinematic Universe of the 80s, in a way.”

Revel in the universally accepted fakery

Fans have long been in on the con — and embraced it. It’s a mutual agreement forged for even paying customers to play their own roles in the four-sided ring performance. So they cheer. They boo. And despite all evidence to the contrary, they openly accept that each move is as legitimate a sporting action as anything found in a weeknight ballgame.

Wrestling pretended for so long to be on the up-and-up. Comedian Andy Kaufman drew gasps when he was slapped by wrestler Jerry Lawler on Late Night with David Letterman. But the curtain was yanked open long ago. On Wednesday, Johnson and WWE Universal Champion Roman Reigns appeared on the The Tonight Show without any manufactured theatrics on their final hype job ahead of WrestleMania.

Former WWE star Dave Schultz slapped a 20/20 reporter in the 1980s for calling wrestling fake. Now ESPN, The Athletic, Sports Illustrated and CBS Sports have dedicated pages that report on both storylines and behind-the-scenes news, where the real drama is more likely found. Wrestling news is treated as seriously as any other sport’s.

But is it? A sport, that is.

Debate the definition all you want. Wrestling — a precursor to reality TV and all the Real Housewives — isn’t going anywhere. And its biggest fans are often the athletes who want to emulate the super-sized stars.

This week, Joel Embiid was about to divulge that he suffered from depression during an injury that cost him two months of his NBA career. But before the Philadelphia 76ers big man unburdened himself, he pulled on a WWE T-shirt emblazoned with the slogan of the wrestling company’s most boorish faction, Degeneration X: “Suck It.”

For pro wrestling, momentum is at hand. WWE’s weekly television show Raw will move to Netflix next year as part of a major streaming deal worth more than $5 billion. That’s some serious cash that even the “Million Dollar Man” Ted DiBiase would envy.

So go ahead. Sneer at wrestling. Or let go, turn a blind eye to the subterfuge and embrace Hulkamania and the frenzy that followed as a staple of the global sports landscape. Because it’s not leaving the building anytime soon.

Consider John Kruk, retired Phillies star and team broadcaster. You’d think that the pinnacle moment of baseball each year would be a must-see for him. But if pro wrestling is coming to town, as he told wrestler Kofi Kingston on TV recently, other priorities prevail.

“If it was a World Series game, if the Phillies aren’t participating, and wrestling was on,” Kruk said, “I’m watching wrestling.”
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washington — U.S. Treasury Secretary Janet Yellen is on a five-day visit to China, where she expressed concern to Chinese officials Friday about state subsidies that fuel manufacturing overcapacity in industries such as electric vehicles, solar panels and semiconductors.

U.S. officials and economists have warned that China’s overcapacity — when its production ability significantly exceeds what is needed in markets — will further drive down prices and cost jobs, especially if China seeks to offload excess production through exports instead of domestic consumption.

U.S. President Joe Biden, in a phone call with Chinese President Xi Jinping Tuesday, said China’s “unfair” trade policies and “non-market” practices harm the interests of American workers and families.

China’s Foreign Ministry spokesperson Wang Wenbin gave reporters at a regular briefing Wednesday a rundown of the conversation the two leaders had on trade, according to Beijing. He said “the U.S. has adopted a string of measures to suppress China’s trade and technology development and is adding more and more Chinese entities to its sanctions lists. This is not ‘de-risking,’ but creating risks.”

So, when is an industry at overcapacity?

Gary Clyde Hufbauer, a senior fellow at the Peterson Institute for International Economics, said that for capital-intensive industries such as steel, oil refining and semiconductors, when capacity utilization is below 75% for an extended period of time, most observers would label that excess capacity.

Hufbauer told VOA that China’s massive government-stimulated and bank-financed investment has resulted in almost all the country’s capital-intensive manufacturing industries having overcapacity.

“If China does pursue a massive export ‘solution,’ that will hurt manufacturing firms in Japan, the E.U., Korea and other industrial countries. But low prices will be welcome in many developing countries in Latin America, Africa and Asia,” he said.

A report last week by the New York-based Rhodium Group, which researches the Chinese market, shows that the utilization rate of China’s silicon wafer capacity dropped from 78% in 2019 to 57% in 2022. In 2022, China’s lithium-ion battery production reached 1.9 times the domestic installation volume, showing that the problem of overcapacity in clean energy fields is emerging.

China’s exports of electric vehicles, solar cells and lithium batteries have increased even more significantly. Data shows that in 2023, China’s electric vehicle export volume was seven times that of 2019, while its solar cell export volume in 2023 was five times that of 2018, an increase of 40% from 2022.

The report notes that while temporary overcapacity may be harmless and a normal part of the market cycle, it becomes a problem when it is perpetuated by government intervention.

The Rhodium Group’s report says that China’s National People’s Congress in March focused on industrial policies that benefit high-tech industries, while there is little financial support for household consumption.

“This policy mix will compound the growing imbalance between domestic supply and demand,” says the report. “Systemic bias toward supporting producers rather than households or consumers allows Chinese firms to ramp up production despite low margins, without the fear of bankruptcy that constrains firms in market economies.”

Overcapacity a decade ago

China’s structural overcapacity problem is not a new phenomenon. Rhodium Group’s report says the last time China had large overcapacity issues was from 2014 to 2016, a few years after the government launched a massive stimulus package in response to the global financial crisis that began in 2008. The stimulus package centered on infrastructure and real estate construction, triggering major capacity build-up in a range of associated industries.

In 2014, as the demand for real estate and infrastructure construction weakened, there was obvious overcapacity in heavy industrial products such as steel and aluminum.

“Ultimately, China’s excess capacity is due to state interference in the market,” said Derek Scissors, a senior fellow at the American Enterprise Institute. “Genuinely private participants can’t sustain excess capacity for long because it causes losses. But state support for production of some goods and services, called “strategic” or something like that, enables companies to survive despite these losses.”

Scissors said China’s overcapacity in the new energy sectors of electric vehicles, solar panels and batteries concerns the Biden administration as it wants to expand those sectors in the U.S.

“The U.S. has raised concerns about Chinese overproduction for years,” he told VOA. “What’s changed is there is now emerging American industrial policy clashing with long-standing and widespread Chinese industrial policy.”

The Rhodium Group’s report says China’s surge in exports of new energy products over the past few years could be devastating for market-constrained producers in advanced economies such as the U.S.

Beijing’s policy planning will exacerbate the growing imbalance between domestic supply and demand, it reads, putting China on the road to trade confrontation with the rest of the world.

Adrianna Zhang contributed to this report.
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washington — U.S. Treasury Secretary Janet Yellen called on China Friday to address its industrial overcapacity, reform its trade practices and create a “healthy economic relationship” with the United States.

“The United States seeks a healthy economic relationship with China that benefits both sides,” Yellen said in remarks in the industrial southern Chinese city of Guangzhou. “But a healthy relationship must provide a level playing field for firms and workers in both countries.”

Yellen also met with Chinese Vice Premier He Lifeng and other high-level central bank officials Friday. During the meeting, Yellen told Chinese officials that their industrial overcapacity, particularly in green energy sectors, threaten American production of electric vehicles and solar panel parts.

China has supported its solar panel and EV makers through subsidies, building production capacity far beyond the domestic market’s demand and exporting its products globally. Although this production has massively cheapened prices for these green products — crucial in efforts to fight climate change — American and European governments worry that Chinese products will flood the market and put their own domestic production at risk.

During a meeting Friday with Guangdong province Governor Wang Weizhong, Yellen said the U.S. and China must communicate regarding areas of disagreement, including green industrial policy.

“This includes the issue of China’s industrial overcapacity, which the United States and other countries are concerned can cause global spillovers,” she said.

China has sought to downplay these concerns, with Foreign Ministry spokesperson Wang Wenbin noting earlier this week that China’s green production is a positive in global efforts to reduce carbon emissions.

Wang said U.S. reluctance to export technology to China, a policy related to U.S. fears of industrial overcapacity, meddles with global supply and demand.

“As for who is doing nonmarket manipulation, the fact is for everyone to see,” he said. “The U.S. has not stopped taking measures to contain China’s trade and technology. This is not ‘de-risking,’ rather, it is creating risks.”

Beyond addressing overcapacity, Yellen also expressed concerns about Chinese trade practices.

Yellen said China has pursued “unfair economic practices, including imposing barriers to access for foreign firms and taking coercive actions against American companies.”

She urged Chinese officials to reform these policies.

“I strongly believe that this doesn’t only hurt these American firms,” Yellen said in a speech at an event hosted by the American Chamber of Commerce in Guangzhou. “Ending these unfair practices would benefit China by improving the business climate here.”

Yellen’s visit to China, her second, marks the first visit by a senior U.S. official to China since November meetings between U.S. President Joe Biden and Chinese President Xi Jinping.

Both He and Yellen said the U.S. and China need to, in He’s words, “properly respond to key concerns of the other side” to form a more cooperative economic relationship.

Yellen said, “It also remains crucial for the two largest economies to seek progress on global challenges like climate change and debt distress in emerging markets in developing countries and to closely communicate on issues of concern such as overcapacity and national security-related economic actions.”

She added that U.S. efforts to push Chinese policies are geared toward reducing global risk.

“This is not anti-China policy,” she said. “It’s an effort for us to mitigate the risks from the inevitable global economic dislocation that will result if China doesn’t adjust its policies.”
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Following Thursday’s meetings in Brussels, NATO’s 32 member states are getting to work on an expanded role in providing military aid to Ukraine. At the session marking the 75th anniversary of the alliance, NATO Secretary-General Jens Stoltenberg pledged NATO’s support for Ukraine, now and for the long haul. Myroslava Gongadze visits a Ukrainian air base to see how military aid has already strengthened the country’s air force. Camera: Yuriy Dankevych
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washington — A Serbian journalist is being harassed and threatened after a fake video circulated online in which he appears to make an offhand comment praising a war criminal. 

Dinko Gruhonjic, a media professor and a journalist for the local news website Autonomija, had participated in a regional festival in Dubrovnik, Croatia, last year.  

Then last month, a manipulated video of that appearance circulated online. In it, Gruhonjic appears to say that he is pleased to share a name with Dinko Sakic — a commander imprisoned for his role overseeing a World War II concentration camp.  

The Vienna-based International Press Institute, or IPI, says that Gruhonjic “has been the target of a public lynching campaign including threats of physical violence” since the doctored video was shared online.  

Serbian President Aleksandar Vucic also commented on the video, Gruhonjic told VOA.  

“Vucic addressed my case: in his own style, holding a knife in one hand and a flower in the other, claiming that no one should harm me. But, on the other hand, saying I should be ashamed of the statements I made. Which, in fact, I did not make,” said Gruhonjic.  

36 attacks this year

The threats reflect a wider trend in Serbia. The Independent Association of Journalists of Serbia or NUNS has documented 36 attacks on journalists so far this year. These include four physical attacks, one attack on property, 17 cases of journalists being pressured and 14 instances of verbal threats.  

So far, three people have been arrested on suspicion of threatening Gruhonjic and a second journalist — Ana Lalic-Hegedis — who appeared at the same festival.  

An arrest also was made in the case of Vojin Radovanovic, a journalist at the daily newspaper Danas, who received death threats via Instagram in 2023.  

“When I received a death threat, in which it was said that I should be killed as an example, I realized that such people should be prosecuted as an example to others who think it is OK to make death threats to someone only because you don’t like the way they work,” Radovanovic told VOA.  

The journalist, who covers politics and media issues, said authorities should take all threats seriously.  

Just a few months after police arrested the person suspected of sending the death threat, a different individual made threats against Radovanovic’s media outlet, saying it should be set on fire.  

Radovanovic said the threats come from an “environment in which critically oriented journalists are considered as someone who gets in the way.” 

Neither the Serbian Ministry of Information and Telecommunications, the Ministry of Internal Affairs nor the Prosecutor’s Office for High-Tech Crime responded to VOA’s requests for comment about the harassment of Gruhonjic and other journalists.  

Threats cause suffering

Serbia ranks among the Council of Europe member states with the highest number of attacks on journalists, according to an annual report by partner organizations to the Council of Europe’s platform that promotes the protection of journalism and safety of journalists.  

Referring to the wider trends across Europe, Teresa Ribeiro, the OSCE Representative on Freedom of the Media, told VOA, “Threats and attacks on journalists are not only causing suffering, destruction and in the worst case loss of life, they also lead to self-censorship and undermine the credibility of public authorities and public trust in the media.” 

Ribeiro said that media freedom is possible only in an environment where journalists are able to work without fear of reprisal. 

“Without this, there can be no quality and independent journalism, nor can there be a lasting and well-functioning democracy and informed citizenry,” said Ribeiro.  

She added that OSCE states have an obligation to ensure media freedom. To ensure that it is upheld, she said, all attacks — both physical and online — must be “swiftly and effectively investigated and prosecuted.” 

Attila Mong, from the nonprofit the Committee to Protect Journalists, or CPJ, said a lack of accountability for attacks makes the situation worse.  

“Despite some efforts, such as the establishment of working groups for the safety of journalists, it is evident that more needs to be done to comprehensively address these issues,” Mong told VOA.  

Mong cited a court decision in February to acquit four former secret police who had been convicted of the 1999 murder of journalist Slavko Curuvija.

At the time, the CPJ called the acquittal a “huge blow to justice.” 

The rise in attacks is resulting in a decline in Serbia’s ranking on media and human rights indexes. The country registered the biggest drop in the EU-Balkans region on the World Press Freedom Index last year. Serbia fell 12 places, to 91 out of 180 countries, where 1 shows the best media environment.  

The watchdog Reporters Without Borders, which compiles the index, notes that Serbia has a solid legal framework but that journalists are under political pressure and face threats. 

This article originated in VOA’s Serbian service.
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WASHINGTON — Next week could prove pivotal for Ukraine, as U.S. legislators reconvene following the Easter break. One of the most pressing topics for discussion is President Joe Biden’s supplemental request, which includes $61 billion for Ukraine. Without these funds, U.S. aid to Ukraine will have de facto halted.

Meanwhile, House of Representatives Speaker Mike Johnson has indicated a potential willingness to provide weapons to Ukraine on loan. Would this address Kyiv’s immediate needs? What are the repercussions of delaying this aid? And what are the prospects for its swift approval? We discussed this with Ukrainian Ambassador to the U.S. Oksana Markarova on Thursday.

The interview has been edited for clarity and brevity.

VOA: Madam Ambassador, since the very beginning of the full-scale invasion of Ukraine, you’ve been advocating for more help from the American partners. President Volodymyr Zelenskyy once reportedly said, “I need ammunition, not a ride.” And today, as Russians are gathering their troops and may be getting ready for another offensive, what does Ukraine need to stand strong?

Oksana Markarova, Ukrainian ambassador to the U.S.: Well, nothing has changed, and it will not change until we win. So, from President Zelenskyy to defenders on the front line to everyone, including myself here in Washington, we have only one message: We need to win. And for that, we need more weapons, more ammunition, more support for Ukraine and more sanctions, isolation and bringing Russia to justice.

Right now, we’re at a pivotal moment in this fight. During the past two years, we have been able to liberate 50% of the territories. Last year, we literally liberated the Black Sea. We’re conducting very successful strikes against the Russian military, but we are not yet at the point where we can claim victory, and that is solely due to the availability of weapons and support. So, we must stay the course. We have to continue doing what has worked before. And we must do more.

VOA: President Biden has said multiple times that Ukraine has support among Republicans and Democrats on the Hill. However, the supplemental [aid package] has not resulted in a vote, mainly due to a couple of legislators, including Speaker Johnson. When President Zelenskyy visited Washington, you participated in a meeting with Mr. Johnson. I’m curious, what did you have to say to convince him to pass this legislation?

Markarova: We do have strong bipartisan support, and not only do we feel it, but we know it. We are talking to so many people on the Hill and to ordinary citizens, and we hear strong expressions of support from everyone, including Speaker Johnson. I mean, he was publicly supportive of why Ukraine needs to win.

Now, this year has been difficult, and I know that’s not an excuse; it’s just that we have to work harder. This is the fifth supplementary package; four of those we had during the last two years. And not all of them were easy to pass. But this one started as the Ukraine supplementary; it was during Speaker [Kevin] McCarthy’s time, then there was a change of speakership, then there were discussions about a joint supplementary. So, there were many issues which are very important for the United States, not related to Ukraine. We were made part of the package, which delayed discussions on this Ukrainian supplementary bill at different stages.

Now, since February, when the Senate passed a supplementary package for Ukraine, Israel and Taiwan, there has been very active discussion on the Hill. We just needed that support yesterday. And I think the majority of people in the House also understand it. So, we all look forward to next week when the House will come back after the recess. And I really hope, as we heard Speaker Johnson saying, that this is going to be one of the first things that the House will start discussing. We need decisions.

VOA: As you said, the political environment in Washington, D.C., is quite dynamic. So, you had to talk to multiple speakers and the speakers have changed over the last year, a couple of times. How do you deliver those messages regarding Ukraine’s needs? Is it hard to find this human-to-human contact with them?

Markarova: Well, it’s a big team that works on it. And as you said, President Zelenskyy met with Speaker Johnson when he was here. They just had a very good phone call last week. But when I talk to people, whether it’s the speaker’s office or any senator’s, congressman’s, administration, anyone, I don’t think it’s hard to find a style, as you said, of how to talk.

Ukraine is just sharing what really happens on the ground. You know, truth is our best weapon, as we say. We don’t need to come up with ways to say it. We are just informing our friends of what’s going on and why it is important for all of us to win. Putin says publicly that his goal and intent did not change. He wants to destroy us. Everyone understands that this war was unprovoked, that he attacked us for no reason at all. It’s a genocidal, terroristic war of an autocratic state against a peaceful, democratic, much smaller neighbor.

VOA: Do Americans understand the Ukrainian pain here?

Markarova: Yes. When you explain it to them, yes. The problem is getting information to them. Because there is so much going on, and when you are not on TV, sometimes you disappear from the discussion. And frankly, people in some areas ask me whether the war is still ongoing. I don’t mean to criticize them. I’m … saying we have to remind people about us.

That’s why all the brave journalists we have in Ukraine keep working. It’s because of them people throughout the globe were able to see what’s happening, and we have already lost, as you know, more than 70 people in Ukraine. They were journalists, camera people. Russia targets them.

VOA: Ambassador, Speaker Johnson indicated recently that he may be willing to consider a loan to Ukraine, say, a Lend-Lease Act 2.0. However, the State Department has criticized these efforts saying that it’s not acceptable to put more burdens on Ukraine during the war. In the light of this dire situation on the front line, would Ukraine consider this option of getting a loan instead of the supplemental?

Markarova: The Lend-Lease Act, adopted in 2022, addressed a portion of the military support provided during the presidential drawdown. This allowed the United States to provide not only grants through PDA from their own stockpiles but also lease or loan items. What is being discussed now, and again, there are several options, but in general, it’s to provide support to Ukraine in the form of a loan. We’ve heard about 0% loans, long-term loans, among other options. We will see the actual proposal when it’s presented.

Of course, we would be grateful for any type of support. Grants are preferred over loans because they also contribute to our macroeconomic and public finance stability. However, if the United States decides to provide aid in the form of a loan, especially budget support, it will be more challenging and have more implications than a grant. Nevertheless, it will be much better than receiving no assistance.

We are very grateful to the U.S. for not only providing us with help for two years but also providing it in the form of grants, as you know, while other partners mostly offered concessional loans. So, that is also a viable option.

VOA: Ambassador, I’m curious, what is the first thing you plan to do once the war is over? If you can share that. Have you ever thought about it?

Markarova: Oh my God, I never thought about that. I think we all will be so happy and glad. I will probably just take a day off to watch movies and sleep for as long as I can. But jokes aside, I don’t know.

Again, right now, victory is the goal for all of us. But when we win the war, our task will not be over. The very next second, we’ll have to continue working on not only rebuilding but also bringing Russia to justice. And that’s a comprehensive, very big task that a large team in Ukraine, again, led by the president, but with the prosecutor general and all investigators, are doing. And you know, continue working, continue serving the country, continue doing what we can in order to win the peace.
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pentagon — U.S. and Chinese defense officials met this week for the first time in nearly two years to talk about unsafe and aggressive incidents between the two militaries’ ships and aircraft in the Pacific region.

The talks, which ran from Wednesday through Thursday in Hawaii, mark the restart of a dialogue Beijing abruptly ended following then-House Speaker Nancy Pelosi’s visit to Taiwan, a self-governing island that China claims as its own.

Chinese officials have criticized U.S. support for Taiwan as interference.

U.S. officials said the Military Maritime Consultative Agreement (MMCA) working group reviewed safety-related events over the last few years and discussed ways to sustain operational safety and professionalism between China and the United States.

“We’ve observed a reduction in unsafe behavior between us and PLA [People’s Liberation Army] aircraft and vessels over the last several months, so we’re encouraged by that,” one U.S. official told reporters on the condition of anonymity because they lacked authorization to discuss the meetings before their conclusion.

“The United States will continue to operate safely and professionally in the Indo-Pacific wherever international law allows, and we take this responsibility seriously. Open, direct and clear communications with the PLA — and with all other military forces in the region — is of utmost importance to avoid accidents and miscommunication,” the head of the U.S. delegation, Army Colonel Ian Francis, said in a press release.

Last November U.S. President Joe Biden met with his Chinese counterpart on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco. The first senior military-to-military contact since Pelosi’s visit to Taiwan was made about a month later, when the top U.S. military officer, General CQ Brown, spoke with his Chinese counterpart in a video call.

Officials said this week’s meetings included about 18 senior officials from each side. 

Beijing has asserted its desire to control access to the South China Sea and bring Taiwan under its control, by force if necessary. Biden has said U.S. troops would defend the democratic island from attack.

Following Pelosi’s visit to Taiwan in August 2022, China’s military has surged aggressive actions around the island — repeatedly crossing the median line in the Taiwan Strait with its warships and aircraft — and firing missiles both over Taiwan and into Japan’s exclusive economic zone.

Ely Ratner, the assistant secretary of defense for Indo-Pacific affairs, testified in October 2023 that there had been more than 180 reckless intercepts of U.S. military aircraft by Chinese aircraft in the past two years, more intercepts than U.S. officials had seen in the entire decade before that.

“And when you take into account cases of coercive and risky PLA intercepts against other states, the number increases to nearly 300 cases against U.S., allied and partner aircraft over the last two years,” Ratner said.

In one of the instances, a Chinese pilot flew within 3 meters (9.8 feet) of a U.S. Air Force B-52 in international airspace over the South China Sea.
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berlin — Human rights lawyers said Friday they had filed an urgent appeal against Germany’s government to stop exports of war weapons to Israel, citing reasons to believe they were being used in ways violating international humanitarian law in Gaza.

A Dutch court has ordered the Netherlands to block all exports of F-35 fighter jet parts to Israel over concerns they were being used for attacks on civilian targets in the Israeli-besieged Gaza Strip, where tens of thousands have been killed.

Israel denies deliberately targeting civilians in the Gaza war, saying Hamas militants use residential areas for cover, which the Palestinian Islamist group denies.

The Berlin case, brought by several organizations including the European Legal Support Center (ELSC), Law for Palestine and the Palestine Institute for Public Diplomacy, was filed in an administrative court on behalf of Palestinians in Gaza.

In a statement, the lawyers said the arms deliveries and support Germany has provided to Israel violated the country’s obligations under the War Weapons Control Act.

They cited a January order from the International Court of Justice (ICJ) for Israel to take action to prevent acts of genocide in Gaza, which it has subjected to siege and invasion since Hamas’ October 7 attack. Israel denies genocide allegations.

“Just the assumption is sufficient — that the weapons are used to commit acts that violate international law — to revoke arms exports under the Act,” lawyer Ahmed Abed told a news conference Friday in Berlin.

He said he expected a ruling within two to three weeks.

Political pressure

German government spokesperson Christiane Hoffmann said she could not comment about the Berlin court case and whether Germany would suspend arms exports to Israel pending a ruling.

“The federal government generally examines each arms export individually and takes a number of factors into account — including human rights and humanitarian law,” she said when asked about the matter by reporters.

International law experts said the litigation was unlikely to be able to force a halt to such arms exports under administrative law, though it could push Berlin to review its stance if evidence were provided.

“It could build up political pressure on the German government … to be more transparent and declare which arms it is planning to transfer or which arms it actually has transferred to Israel,” Max Mutschler, a senior researcher at the Bonn International Center for Conflict Studies, said.

Rights groups would have a better chance of success if they took the case to the ICJ in The Hague, said lawyer Holger Rothbauer, who successfully sued arms manufacturer Heckler & Koch over arms deliveries to Mexico in 2010.

“It seems to me that a [German] law to cover the case is missing,”

Rothbauer told Reuters, saying only a party directly affected by an administrative decision could sue to stop it. The rights lawyers said they were acting on behalf of Palestinians.

More than 33,000 Palestinians have been killed and 75,750 injured in Israel’s military offensive on Gaza since October 7, the Gaza health ministry said Friday in an update.

With Gaza in ruins, and most of its 2.3 million population forced from their homes and relying on aid for survival, Israel faces rising calls from allies to halt the war and allow unfettered aid into the enclave, with critics saying governments should threaten to withhold military aid if it does not do so.

Since Hamas’ October terrorism attack on Israel that killed 1,200 people, according to Israeli tallies, Germany has been one of Israel’s staunchest allies alongside the United States, underlining its commitment to atonement for its perpetration of the World War II Nazi Holocaust in which 6 million Jews died.

Last year, Germany approved arms exports to Israel worth a 326.5 million euros ($353.70 million), including military equipment and war weapons, a 10-fold increase compared with 2022, according to Economic Ministry data.
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COPENHAGEN, DENMARK — Icelandic Prime Minister Katrin Jakobsdottir announced her resignation Friday and said that she will run for president, a ceremonial post that is mostly above the daily political fray.

It was not immediately clear who would succeed her as prime minister, a job she has held since late 2017.

“I had decided some time ago not to seek reelection in the next parliamentary elections. At the same time, I still have a burning desire to continue to offer my services to Icelandic society,” Jakobsdottir said in a video message.

Iceland will hold a vote on June 1 to elect its new head of state.

The island nation of almost 400,000 people faces uncertainty after recent volcanic eruptions that triggered the indefinite evacuation of thousands of people, adding to pressures on an economy already facing high inflation and soaring interest rates.

Still, Jakobsdottir said she believed that the government had made significant progress on the challenges and that the country was on a firmer footing than just a few months ago.

Jakobsdottir has been crucial in keeping together the current coalition of her own Left-Green Movement, the pro-business Independence Party and the center-right Progressive Party.

The government has been in power since 2017, providing unusual stability in a country that went to polls five times from 2007 to 2017, a period marked by political scandals and distrust of politicians following the 2008 financial crisis.
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WASHINGTON — More than 68,000 illegally trafficked firearms in the United States over a five-year period came through unlicensed dealers who aren’t required to perform background checks, according to new data released Thursday by the Bureau of Alcohol, Tobacco, Firearms and Explosives. 

That represents 54% of the illegally trafficked firearms in the U.S. between 2017 and 2021, Justice Department officials said. The guns were used in 368 shooting cases, which are harder to investigate because unlicensed dealers aren’t required to keep records of their sales that could allow federal agents to trace the weapon back to the original buyer, said ATF Director Steve Dettelbach. 

The report, ordered by Attorney General Merrick Garland, is the first in-depth analysis of firearm trafficking investigations in more than 20 years. It examined more than 9,700 closed ATF firearm trafficking investigations that began between 2017 and 2021. Firearms trafficking is when guns are purposely moved into the illegal market for a criminal purpose or possession. 

The second-highest share of firearm-trafficking cases investigated by ATF was from straw purchases, when someone buys a gun for a person who can’t get it legally themselves. 

The report also shows that the recipients of trafficked firearms were people who had previously been convicted of a felony in almost 60% of the cases in which investigators were able to identify the background of the recipient. Furthermore, trafficked firearms were used to commit additional crimes in almost 25% of the cases, Dettelbach said. That includes more than 260 murders and more than 220 attempted murders, according to the report. 

“The data shows, therefore, that those who illegally traffic firearms, whether it’s out of a trunk, at a gun show or online, are responsible for real violence in this nation,” Dettelbach said. “In short, you can’t illegally help to arm violent people and not be responsible for the violence that follows.” 

The report found the average number of guns trafficked per case was 16. People who got them through unlicensed dealers bought 20 weapons on average, compared with 11 guns for straw buyers, according to the report. 

The Biden administration has separately proposed a rule that would require thousands more gun sellers to be licensed and run background checks. The Justice Department says it’s aimed at sellers who are in the business of firearm sales, but the proposal quickly drew protest from gun-rights groups who contend it could ensnare regular people who sometimes sell their own guns. 

The rule, which has not yet been finalized, is estimated to affect 24,500 to 328,000 sellers. During the five years documented in the report, 3,400 unlicensed dealers were investigated by the ATF. 
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WASHINGTON — America’s employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates. 

Last month’s job growth was up from a revised 270,000 in February and was far above the 200,000 economists had forecast. By any measure, it amounted to a strong month of hiring, and it reflected the economy’s ability to withstand the pressure of high borrowing costs resulting from the Federal Reserve’s interest rate hikes. With the nation’s consumers continuing to spend, many employers have kept hiring to meet steady customer demand. 

Friday’s report from the Labor Department also showed that the unemployment rate dipped to 3.8% from 3.9% in February. That rate has now come in below 4% for 26 straight months, the longest such streak since the 1960s. 

Normally, a blockbuster bounty of new jobs would fan worries that the additional spending from those new workers could accelerate inflation. But the March jobs report showed that wage growth was mild last month, which might allay any such fears. Average hourly wages were up 4.1% from a year earlier, the smallest year-over-year increase since mid-2021. But hourly pay rose 0.3% from February to March after increasing 0.2% the month before. 

The economy is sure to weigh on Americans’ minds as the November presidential vote nears and they assess President Joe Biden’s reelection bid. Many people still feel squeezed by the inflation surge that erupted in the spring of 2021. Eleven rate increases by the Fed have helped send inflation tumbling from its peak over the past year and a half. But average prices are still about 18% higher than they were in February 2021 — a fact for which Biden might pay a political price. 

The Fed’s policymakers are tracking the state of the economy, the job market and inflation to determine when to begin cutting interest rates from their multidecade highs — a move eagerly awaited by Wall Street traders, businesses, homebuyers and people in need of cars, household appliances and other major purchases that are typically financed. Rate cuts by the Fed would likely lead, over time, to lower borrowing rates across the economy. 

The central bank’s policymakers started raising rates two years ago to try to tame inflation, which by mid-2022 was running at a four-decade high. Those rate hikes — 11 of them from March 2022 through July 2023 — helped drastically slow inflation. Consumer prices were up 3.2% in February from a year earlier, far below a year-over-year peak of 9.1% in June 2022. 

Yet the sharply higher borrowing costs for individuals and companies that resulted from the Fed’s rate hikes were widely expected to trigger a recession, with waves of layoffs and a painful rise in unemployment. Yet to the surprise of just about everyone, the economy has kept growing steadily and employers have kept hiring at a healthy pace. Layoffs remain low. 

Some economists believe that a rise in productivity — the amount of output that workers produce per hour — made it easier for companies to hire, raise pay and post bigger profits without having to raise prices. In addition, an influx of immigrants into the job market is believed to have addressed labor shortages and slowed upward pressure on wage growth. This helped allow inflation to cool even as the economy kept growing. 

In the meantime, the Fed has signaled that it expects to cut rates three times this year. But it is awaiting more inflation data to gain further confidence that annual price increases are heading toward its 2% target. Some economists have begun to question whether the Fed will need to cut rates anytime soon considering the consistently durable U.S. economy.
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