Prices of oil and other commodities are expected to jump when trading resumes on Sunday, but how long they will stay high will depend on what the United States, Israel and Iran do next.
Category: United States International Relations
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Trump’s Tariffs Go Into Effect at 10 Percent, Not 15
The New York Times – Business:The change surprised executives and foreign leaders, who had been expecting the 15 percent rate the president announced on Saturday.
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Trump Administration Scrambles to Pick Up the Pieces of Broken Tariffs
The New York Times – Business:President Trump is already working to piece his tariff program back together, after a Supreme Court ruling ruptured a centerpiece of his economic agenda.
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U.K., Australia and Others Worse Off Under Trump’s New Tariffs
The New York Times – Business:Many important U.S. trading partners are facing higher duties after President Trump, reacting to a Supreme Court setback, set the rate on a new set of global tariffs at 15 percent.
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Supreme Court Justices Strike Down Trump’s Tariffs
The New York Times – Business: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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Jittery Markets Seek an Iran ‘Off-Ramp’
The New York Times – Business:Oil prices spiked and stocks fell as tensions between Washington and Tehran unnerved investors.
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Trump Mulls a North American Trade Pact Without Canada
The New York Times – Business: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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Europe Worries Trump Poses Threat to Its Financial and Tech Sovereignty
The New York Times – Business:European leaders have been compelled to address the possibility of once-remote risks to the financial networks and technology that undergird their economies.
