Netherlands PM Rutte Apologizes for Role of Dutch State in Slavery 

Dutch Prime Minister Mark Rutte reacts while apologizing as he responds to recommendations from a panel of experts to accept the role of the Netherlands in the history of slavery and its current consequences in The Hague, Netherlands December 19, 2022. (Reuters)
Dutch Prime Minister Mark Rutte reacts while apologizing as he responds to recommendations from a panel of experts to accept the role of the Netherlands in the history of slavery and its current consequences in The Hague, Netherlands December 19, 2022. (Reuters)
TT
20

Netherlands PM Rutte Apologizes for Role of Dutch State in Slavery 

Dutch Prime Minister Mark Rutte reacts while apologizing as he responds to recommendations from a panel of experts to accept the role of the Netherlands in the history of slavery and its current consequences in The Hague, Netherlands December 19, 2022. (Reuters)
Dutch Prime Minister Mark Rutte reacts while apologizing as he responds to recommendations from a panel of experts to accept the role of the Netherlands in the history of slavery and its current consequences in The Hague, Netherlands December 19, 2022. (Reuters)

Prime Minister Mark Rutte on Monday apologized on behalf of the Dutch State for its historical role in slavery, and for consequences that he acknowledged continue into the present day. 

"Today I apologize," Rutte said in a nationally televised speech at the Dutch National Archives. 

"For centuries the Dutch state and its representatives have enabled and stimulated slavery and have profited from it," he added. 

"It is true that nobody alive today bears any personal guilt for slavery...(however) the Dutch state bears responsibility for the immense suffering that has been done to those that were enslaved and their descendants." 

The apology comes amid a wider reconsideration of the country's colonial past, including efforts to return looted art, and its current struggles with racism. 

The prospect of an apology on a December afternoon in The Hague had been met with resistance from groups who say it should have come from King Willem-Alexander, in former colony Suriname, on July 1, 2023 -- the 160th anniversary of Dutch abolition. 

"It takes two to tango - apologies have to be received," said Roy Kaikusi Groenberg of the Honor and Recovery Foundation, a Dutch Afro-Surinamese organization. 

He said it felt wrong that activists who are descendants of slaves had struggled for years to change the national discussion but had not been sufficiently consulted. 

"The way the government is handling this, it's coming across as a neo-colonial belch," he said. 

Rutte acknowledged that the runup to the announcement had been handled clumsily and said the Dutch government was sending representatives to Suriname, as well as Caribbean islands that remain part of the Kingdom of the Netherlands with varying degrees of autonomy: Curacao, Sint Maarten, Aruba, Bonaire, Saba and Sint Eustatius. 

Turning point 

The Prime Minister of Aruba, Evelyn Wever-Croes, said on Monday the apology was welcome and a "turning point in history within the Kingdom". 

Rutte was responding to a national advisory panel set up following the 2020 killing of George Floyd in the United States. 

The panel said that Dutch participation in slavery had amounted to crimes against humanity and in 2021 recommended an apology and reparations. Rutte on Monday said his government embraced those conclusions, including that slavery had been a crime against humanity. 

However, he ruled out reparations at a news conference last week, though the Dutch government is setting up a 200-million-euro educational fund. 

"What was completely missing from this speech is responsibility and accountability," said Armand Zunder, chairman of Suriname's National Reparations Commission, though he said it had been a "step forward". 

"If you recognize that crimes against humanity were committed then the next step is you say I'm responsible for it, we're liable for it .... Indeed I'm talking about reparations." 

Dutch press agency ANP reported that in Curacao a Dutch government delegate said in a speech that Tula, a historical figure who led a slave revolt in 1795 and was executed, would have his reputation restored. The report said the speech was greeted with long and loud applause. 

Historians estimate Dutch traders shipped more than half a million enslaved Africans to the Americas, mostly to Brazil and the Caribbean. As many or more Asians were enslaved in the East Indies, modern Indonesia. 

Many Dutch people take pride in the country's naval history and prowess as a trading nation. However, children are taught little of the role in the slave trade played by the Dutch West India Company and the Dutch East India Company, key sources of national wealth. 

Despite the Dutch reputation for tolerance, racism is a significant problem. 

Citizens of Antillean, Turkish and Moroccan ancestry report high rates of discrimination in their everyday lives and recent studies have shown they face significant disadvantages in the workplace and in the housing market. 



Trump Pauses Tariffs on Most Nations for 90 Days, Raises Taxes on Chinese Imports

A crane lifts an imports container from the cargo ship Epaminondas while it is docked at the Port of Baltimore, Wednesday, April 9, 2025, in Baltimore. (AP)
A crane lifts an imports container from the cargo ship Epaminondas while it is docked at the Port of Baltimore, Wednesday, April 9, 2025, in Baltimore. (AP)
TT
20

Trump Pauses Tariffs on Most Nations for 90 Days, Raises Taxes on Chinese Imports

A crane lifts an imports container from the cargo ship Epaminondas while it is docked at the Port of Baltimore, Wednesday, April 9, 2025, in Baltimore. (AP)
A crane lifts an imports container from the cargo ship Epaminondas while it is docked at the Port of Baltimore, Wednesday, April 9, 2025, in Baltimore. (AP)

Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised the tax rate on Chinese imports to 125%.

It was seemingly an attempt to narrow what had been an unprecedented trade war between the US and most of the world to a showdown between the US and China. The S&P 500 stock index jumped nearly 7% after the announcement, but the precise details of Trump's plans to ease tariffs on non-China trade partners were not immediately clear.

Trump posted on Truth Social that because "more than 75 Countries" had reached out to the US government for trade talks and have not retaliated in meaningful way "I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately."

The 10% tariff was the baseline rate for most nations that went into effect on Saturday. It's meaningfully lower than the 20% tariff that Trump had set for goods from the European Union, 24% on imports from Japan and 25% on products from South Korea. Still, 10% would represent an increase in the tariffs previously charged by the US government.

The announcement came after the global economy appeared to be in open rebellion against Trump's tariffs as they took effect Wednesday, a signal that the US president was not immune from market pressures.

Business executives were warning of a potential recession caused by his policies, some of the top US trading partners are retaliating with their own import taxes and the stock market is quivering after days of decline.

White House press secretary Karoline Leavitt said the walk back was part of some grand negotiating strategy by Trump.

"President Trump created maximum negotiating leverage for himself," she said, adding that the news media "clearly failed to see what President Trump is doing here. You tried to say that the rest of the world would be moved closer to China, when in fact, we’ve seen the opposite effect the entire world is calling the United States of America, not China, because they need our markets."

But market pressures had been building for weeks ahead of Trump's move.

Particularly worrisome was that US government debt had lost some of its luster with investors, who usually treat Treasury notes as a safe haven when there's economic turbulence. Government bond prices had been falling, pushing up the interest rate on the 10-year US Treasury note to 4.45%. That rate eased after Trump's reversal.

Gennadiy Goldberg, head of US rates strategy at TD Securities, said before the announcement that markets wanted to see a truce in the trade disputes.

"Markets more broadly, not just the Treasury market, are looking for signs that a trade de-escalation is coming," he said. "Absent any de-escalation, it’s going to be difficult for markets to stabilize."

John Canavan, lead analyst at the consultancy Oxford Economics, noted that while Trump said he changed course due to possible negotiations, he had previously indicated that the tariffs would stay in place.

"There have been very mixed messages on whether there would be negotiations," Canavan said. "Given what's been going on with the markets, he realized the safest thing to do is negotiate and put things on pause."

Presidents often receive undue credit or blame for the state of the US economy as their time in the White House is subject to financial and geopolitical forces beyond their direct control.

But by unilaterally imposing tariffs, Trump is exerting extraordinary influence over the flow of commerce, creating political risks and pulling the market in different directions based on his remarks and social media posts. There still appears to be 25% tariffs on autos, steel and aluminum, with more imports set to be tariffed in the weeks ahead.

On CNBC, Delta Air Lines CEO Ed Bastian said the administration was being less strategic than it was during Trump's first term. His company had in January projected it would have its best financial year in history, only to scrap its expectations for 2025 due to the economic uncertainty.

"Trying to do it all at the same time has created chaos in terms of being able to make plans," he said, noting that demand for air travel has weakened.

Before Trump's reversal, economic forecasters say his second term has had a series of negative and cascading impacts that could put the country into a downturn.

"Simultaneous shocks to consumer sentiment, corporate confidence, trade, financial markets as well as to prices, new orders and the labor market will tip the economy into recession in the current quarter," said Joe Brusuelas, chief economist at the consultancy RSM.

Treasury Secretary Scott Bessent has previously said it could take months to strike deals with countries on tariff rates, and the administration has not been clear on whether the baseline 10% tariffs imposed on most countries will stay in place. But in an appearance on "Mornings with Maria," Bessent said the economy would "be back to firing on all cylinders" at a point in the "not too distant future."

He said there has been an "overwhelming" response by "the countries who want to come and sit at the table rather than escalate." Bessent mentioned Japan, South Korea, and India. "I will note that they are all around China. We have Vietnam coming today," he said.

What's not yet known is what Trump does with the rest of his tariff agenda. In a Tuesday night speech, he said taxes on imported drugs would happen soon.