Even after the Supreme Court invalidated many of the president’s levies, foreign leaders and executives assume that U.S. tariffs are here to stay, in one form or another.
Category: International Relations
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Supreme Court Justices Strike Down Trump’s Tariffs
President Trump is the first to invoke the International Emergency Economic Powers Act of 1977 to set tariffs on imported goods from more than 100 countries.
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Trump Mulls a North American Trade Pact Without Canada
U.S. officials are threatening major changes to a trade agreement with Mexico and Canada that could upend the way business is done and leave Canada on the outs.
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Like Trump, U.S. Embassies Are Raising Cash for Lavish July Fourth Parties
Some of Washington’s diplomatic outposts in Asia are raising millions for events to mark the 250th independence anniversary. One ambassador offered to sing and dance.
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Crises Everywhere, but the Markets Don’t Seem to Mind
Stocks have prospered while the world has plunged into disorder, an economist says. “Keep calm and carry on” may be the best investors can do.
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U.N. Says It’s in Danger of Financial Collapse Because of Members’ Unpaid Dues
The world body warned it would run out of money by July and have to close its New York headquarters if countries, namely the United States, did not pay annual dues that amount to billions of dollars.
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In a Bid to Kick-Start Growth, Britain Turns to China
Buffeted by tariffs and trade tensions, Prime Minister Keir Starmer took British business leaders to China and emerged with deals on visas and Scotch whisky, as well as pledges to deepen ties.
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Panama Court Strikes Down Hong Kong Firm’s Canal Contract
President Trump has said he wants American control of the canal, putting the longtime ports operator, CK Hutchison, in the cross-hairs of the U.S.-China trade conflict.
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Venezuelan Lawmakers Approve Sweeping Overhaul of Oil Sector
Bowing to Trump administration pressure, the new legislation improves conditions for foreign oil companies and opens the way to slash the taxes they pay.
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U.K.’s Starmer Meets Xi Jinping in Beijing as Ties Warm
Prime Minister Keir Starmer of Britain met with President Xi Jinping of China as he sought to promote business ties with the world’s second-largest economy.