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The US is expected to lower tariffs on British cars and steel soon, following discussions between UK Trade Secretary Jonathan Reynolds and US Commerce Secretary Howard Lutnick. The agreement aims to enhance trade relations and alleviate tariffs affecting key British industries. Implementation could begin within days, pending final approvals.
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Nigel Farage, leader of Reform UK, has proposed reopening Port Talbot's blast furnaces and coal mines to revive steel production, ahead of the May 2026 Senedd elections. His plans have faced criticism from unions and political opponents regarding feasibility and funding, with many questioning the practicality of his ambitions.
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As of May 8, 2025, President Trump's aggressive tariff policies continue to create volatility in financial markets, raising fears of a potential recession. Experts warn that the ongoing trade war could lead to severe economic consequences if not managed effectively, with significant implications for both domestic and global economies.
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Aimee Lou Wood criticized a recent 'Saturday Night Live' sketch that mocked her appearance, calling it 'mean and unfunny.' The sketch, which parodied her character from 'The White Lotus,' drew backlash for its portrayal. Wood stated she received private apologies from the show but emphasized the need for more thoughtful humor.
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Nvidia has announced a $500 billion investment in artificial intelligence infrastructure in the US over the next four years. This move comes amid rising tensions over tariffs and aims to bolster domestic manufacturing of AI chips and supercomputers, creating hundreds of thousands of jobs.
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On April 14, 2025, the Liberty Justice Center filed a lawsuit in the US Court of International Trade, contesting Trump's authority to impose tariffs under the International Emergency Economic Powers Act. The suit claims this action violates constitutional limits on executive power and harms small businesses across the country.
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The Trump administration has initiated investigations into the national security implications of importing pharmaceuticals and semiconductors, aiming to impose tariffs on these sectors. The Commerce Department seeks public comment on the matter, with a focus on reshoring production to the U.S. amid ongoing trade tensions.
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Scott Galloway predicts a surge of dissent from corporate leaders and Republicans against Trump's escalating trade war. He argues that the current tariff strategy is destabilizing the economy and could provoke high-profile backlash. The White House counters that business leaders support Trump's economic agenda, citing historic investments and positive job reports.
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In his first major speech since leaving office, Joe Biden criticized Donald Trump's administration for threatening Social Security, calling it a 'sacred promise' for millions of Americans. Biden's remarks came during a conference in Chicago, where he highlighted concerns over potential cuts and job losses at the Social Security Administration.
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Former President Joe Biden's attempts to secure high-paying speaking engagements are faltering, with reports suggesting he is struggling to attract audiences. This follows his recent public address where he criticized Donald Trump's administration for cuts to Social Security, raising concerns about the impact on millions of Americans. Biden's age and delivery have also drawn scrutiny.
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U.S. Vice President JD Vance will travel to Rome and India from April 21 to 24, 2025. This trip marks his first visit to India, where he will meet Prime Minister Narendra Modi. Vance's itinerary includes meetings with Italian leaders and participation in Easter ceremonies at the Vatican.
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George Glass, a prominent business figure, arrives in Tokyo as the US and Japan negotiate tariff measures initiated by President Trump. Both nations aim to finalize a trade agreement amid concerns over economic impacts. Glass expressed optimism about reaching a deal quickly following initial talks in Washington.
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The US has temporarily exempted certain electronic products from tariffs on Chinese goods, including computers and smartphones. However, this relief is expected to be short-lived as new sectoral tariffs are planned. Industry leaders urge support for SMEs to explore emerging markets amid ongoing trade tensions.
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As of April 27, 2025, the Trump administration faces significant hurdles in finalizing trade agreements amid a 90-day pause on tariffs. Experts warn that achieving meaningful deals with over 75 countries is unlikely, with economic implications looming for American businesses and consumers.
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Elon Musk is scaling back his involvement with the Department of Government Efficiency (DOGE) to focus on Tesla, amid rising tensions with Treasury Secretary Scott Bessent. The agency, aimed at cutting federal spending, has faced backlash for aggressive measures, including mass firings and controversial data usage. The future of DOGE remains uncertain.
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Google's parent company, Alphabet, reported a 12% revenue increase to $90.23 billion for Q1 2025, with net income rising to $34.54 billion. Despite economic uncertainties, the digital ad market remains resilient, and Google is investing heavily in AI technologies.
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On May 2, 2025, President Trump announced an executive order mandating U.S. colleges to disclose foreign funding. This initiative aims to enhance transparency amid rising concerns over foreign influence and national security, particularly following anti-Israel protests on campuses after the October 7, 2023, Hamas invasion of Israel.
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President Trump criticized Amazon's reported plan to display tariff charges on products, calling it a 'hostile act.' Following a personal call with Jeff Bezos, Amazon denied the proposal. The incident highlights ongoing tensions between the Trump administration and major corporations amid significant tariff impacts on consumer prices.
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President Trump met with Canadian Prime Minister Mark Carney, addressing ongoing tensions over trade tariffs and Trump's controversial remarks about Canada potentially becoming the 51st state. Carney firmly rejected these claims, emphasizing Canada's sovereignty and the importance of bilateral relations.
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On May 3, 2025, President Trump announced modifications to the 25% tariffs on imported vehicles and auto parts, aiming to alleviate pressures on U.S. automakers. The changes include exemptions from additional tariffs on materials like steel and aluminum, and partial reimbursements for tariffs on imported components, effective immediately.
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Taiwan Semiconductor Manufacturing Company (TSMC) announced a major expansion in the US, marking the largest foreign investment in US history. This comes amid efforts by the US government to boost domestic semiconductor manufacturing, with TSMC planning to invest an additional $100 billion in US facilities.
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As of May 8, 2025, President Trump remains noncommittal about signing new trade deals, despite previous claims of imminent agreements. The stock market has reacted negatively to mixed messages from the administration, particularly regarding negotiations with China and Canada. Investors are anxious as tariffs and trade discussions continue to unfold.
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President Trump has suggested that American children may have to settle for fewer toys due to his tariffs on Chinese imports, which could lead to higher prices and reduced availability. This comes amid concerns about the U.S. economy contracting and growing discontent with his economic policies, as reflected in recent polls.
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President Trump announced a 100% tariff on films produced outside the U.S., claiming the American movie industry is facing a national security threat. The move aims to counteract incentives offered by other countries that attract filmmakers away from Hollywood. The implementation details remain unclear, raising questions about its impact on the industry.
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King Charles III is set to deliver the speech from the throne in Canada on May 27, 2025, marking a rare royal visit amid U.S. President Trump's repeated suggestions of annexation. Prime Minister Mark Carney invited the king to reinforce Canada's sovereignty, highlighting the nation's independence and distinct identity from the U.S.
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On May 8, 2025, President Trump and UK Prime Minister Keir Starmer announced a 'comprehensive' trade deal during a phone call from the Oval Office. The agreement aims to address tariffs imposed by Trump last month, but key details remain unresolved, including the 10% tariff on UK exports and potential exemptions for the film industry.
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On May 8, 2025, the UK and US announced a trade deal reducing tariffs on British cars and steel while increasing US agricultural exports. The agreement aims to stabilize the automotive sector, particularly Jaguar Land Rover, which faced potential job cuts due to previous tariffs. However, details remain to be finalized.
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International Airlines Group (IAG) has confirmed a $13 billion order for 32 Boeing 787-10 aircraft and 21 Airbus A330-900neo planes. This announcement follows a recent trade agreement between the UK and US that exempts British plane parts from US tariffs, signaling a positive shift for the aerospace sector.
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Former President Donald Trump announced plans to dismantle the Digital Equity Act, claiming it is unconstitutional and racially discriminatory. The act, part of Biden's infrastructure bill, aims to improve internet access for underserved communities. Critics argue Trump's actions could harm rural voters who benefit from the funding.
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The recent UK-US trade deal, announced on May 8, 2025, has drawn mixed reactions. While it reduces tariffs on certain imports, critics argue it falls short of a comprehensive agreement and leaves many UK products subject to a 10% tariff. Economists and politicians express concerns about the deal's long-term implications for UK trade relations.
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President Trump has announced a new trade agreement with the UK, reducing tariffs on British cars while maintaining a 10% baseline tariff. The deal includes exemptions for certain products but raises questions about its overall impact and future trade relations, particularly with China.
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After two days of negotiations in Geneva, the US and China announced a trade agreement aimed at reducing tariffs imposed during the ongoing trade war. Both sides expressed optimism about the outcome, which includes a mechanism for future discussions and a temporary suspension of additional tariffs.
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The Trump administration is testing a new $5 million 'gold card' immigration program, which aims to replace the EB-5 visa. This initiative allows wealthy individuals to gain U.S. residency without job creation requirements. Critics raise concerns about legality and transparency as the program develops.
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Mary Trump, niece of former President Donald Trump, expresses deep concern over her uncle's potential bid for a third term, suggesting he may attempt to bypass constitutional limits. She criticizes the Democratic Party for failing to adequately prepare for his continued influence, emphasizing the need for a stronger opposition.
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On May 8, 2025, the US and UK announced a significant trade agreement reducing tariffs on British cars and steel. The deal, hailed as a breakthrough, aims to bolster trade and protect jobs in key sectors. The agreement was confirmed during a call between Prime Minister Sir Keir Starmer and US President Donald Trump.
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A U.S. Court of International Trade ruled that President Trump's tariffs on imports were imposed illegally, citing misuse of emergency powers. The ruling has been appealed, leaving businesses uncertain about future tariffs. Experts warn that the decision may not provide immediate relief to trading partners as negotiations continue amidst ongoing legal battles.
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As President Trump's tariffs on imports from China and other countries loom, major retailers like Walmart and Home Depot are warning consumers of potential price hikes. While Walmart has indicated it may need to raise prices, Costco has managed to keep many prices stable through strategic sourcing and inventory management.
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President Trump has postponed the imposition of a proposed 50% tariff on EU imports, originally set for June 1, to July 9, 2025. This decision follows a call with European Commission President Ursula von der Leyen, who requested more time for trade negotiations. EU leaders express hope for a swift resolution to the ongoing trade tensions.
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The EU and US are ramping up trade negotiations amid rising tensions over tariffs. Following a recent agreement to fast-track discussions, both sides are preparing for potential countermeasures if talks fail. A July 9 deadline looms as the US threatens a 50% tariff on EU imports, prompting urgent dialogue.
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U.S. futures dipped while Asian markets showed mixed results amid ongoing trade negotiations between the U.S. and China. The S&P 500 fell 0.3% on Wednesday, influenced by tech stocks, particularly Apple. Investors remain cautious as inflation concerns persist, despite recent reports suggesting tariffs have not yet significantly impacted prices.
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As the July 8 deadline for President Trump's 'reciprocal' tariffs approaches, the US Trade Representative has urged trading partners to submit their best proposals. Negotiations are ongoing with several countries, including Vietnam and the UK, amid legal challenges to the tariffs.
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Following a temporary truce in their trade war, tensions between the US and China have reignited over semiconductor exports and rare earth minerals. President Trump and President Xi Jinping are set to discuss these issues amid accusations of violations of a recent tariff agreement. Trade talks are scheduled for Monday in London.
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On June 7, 2025, President Trump confirmed a commitment from China to restore the flow of rare earth magnets following a phone call with Xi Jinping. The call, which came after months of delays, suggests a potential thaw in US-China relations, with further talks scheduled for June 9 in London.
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The Bureau of Labor Statistics (BLS) announced reductions in its price data collection, ceasing operations in several cities due to staffing shortages linked to a federal hiring freeze. Economists express concern over the potential impact on inflation data reliability as budget cuts threaten the quality of economic statistics.
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A Chinese delegation led by Vice Premier He Lifeng is meeting with U.S. officials in London today to continue trade negotiations. This follows a recent agreement to suspend tariffs for 90 days, amid ongoing tensions over technology and trade issues. The talks aim to address disputes over semiconductors and rare earth minerals.
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As of June 13, 2025, negotiations between the US and South Korea regarding tariffs have advanced, with Vietnam also seeking to secure favorable tariff rates. The discussions are part of broader efforts to strengthen economic ties and resolve trade issues between the nations.
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US and Chinese officials have agreed on a framework to advance trade negotiations after two days of talks in London. The agreement aims to implement a consensus reached in Geneva last month, addressing disputes over tariffs and critical mineral exports. The framework awaits approval from Presidents Trump and Xi Jinping.
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President Trump declared a trade agreement with China, stating that China will supply rare earths in exchange for the U.S. easing restrictions on Chinese student visas. The deal follows recent negotiations in London but remains subject to approval from President Xi Jinping.
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Recent tariffs imposed by President Trump are hindering innovation and trade for U.S. companies. Entrepreneurs report that increased costs and regulatory compliance are diverting focus from product development. The impact is particularly evident in the fashion industry, where brands are shifting production to countries with lower tariffs, exacerbating labor issues abroad.
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U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer will meet with Chinese representatives in London on June 9, 2025, to discuss the ongoing trade deal. President Trump expressed optimism about the meeting's outcome.