Author: potus

A worker welds a part made from steel sheets at a factory in a suburb of Bengaluru, India, Thursday, Feb. 27, 2025. (AP Photo/Aijaz Rahi) A worker welds a part made from steel sheets at a factory in a suburb of Bengaluru, India, Thursday, Feb. 27, 2025. (AP Photo/Aijaz Rahi)Read More Many industry workers and experts expect that the result of tariffs will be that cheap steel gets dumped in places like India. That’s because the announced tariff will make it too expensive for many companies in countries like China and South Korea to keep exporting to the U.S.For B.…

WASHINGTON (AP) — The Supreme Court will hear arguments Tuesday in a $10 billion lawsuit Mexico filed against top firearm manufacturers in the U.S., alleging their business practices have fueled cartel gun violence. The gun makers reject those claims. They appealed to the Supreme Court to overturn a ruling that let the lawsuit move forward even though U.S. law largely shields gun makers from lawsuits. Depending on how the court rules, it could also affect a narrow legal path that helped families of the mass shooting at Sandy Hook Elementary School secure a $73 million settlement from the gun maker…

United States President Donald Trump has implemented sweeping 25 percent tariffs on Mexico and Canada. The tariffs on the US’s biggest trading partners took effect at 00:00 Eastern Time (05:00 GMT), causing markets across the globe to tumble. Washington has also imposed an additional 10 percent levy on Chinese imports, adding to the 10 percent imposed last month. Mexico and Canada are the top US trading partners, accounting for more than 30 percent of total goods traded. The value of trade among the three North American countries is more than $1.6 trillion. Tariffs would apply to imports from Mexico and…

Taiwanese Defense Minister Wellington Koo says it’s in the US’s ‘national interest’ to maintain the status quo in Asia.Taiwan has said it’s “impossible” for the United States to retreat from the Asia Pacific, despite growing doubts about US President Donald Trump’s willingness to uphold Washington’s security commitments. “We indeed noticed the fast-changing and tricky international situation and deeply understand that we can’t just talk about values but not national interests,” Taiwanese Defense Minister Wellington Koo told reporters on Monday. “So we must ask: Keeping the peace and stability in the Indo-Pacific region, including the status quo in the Taiwan Strait…

Employees move semiconductor testers on the assembly line of the Advantest Corp. plant in Ora, Japan on Aug. 10, 2012.Tomohiro Ohsumi | Bloomberg | Getty ImagesAsian tech and chip-related stocks fell Tuesday after U.S. President Donald Trump made it clear that tariffs on Mexico and Canada would go into effect as planned.Trump said the U.S. would impose 25% tariffs on goods imported from Canada and Mexico, adding that there was “no room left for Mexico or for Canada” to negotiate an alternative to the tariffs. Trump also said he would impose an additional 10% tariff on imports from China, having already levied 10% duties that came into…

Sweeping tariffs on imports from Canada, Mexico and China went into effect just after midnight on Tuesday, raising U.S. tariffs to levels not seen in decades and rattling foreign governments and businesses that depend on international trade.As of 12:01 a.m. Tuesday, the Trump administration added a 25 percent tariff on all imports from Canada and Mexico. The administration also added another 10 percent tariff on all imports from China. That comes on top of a 10 percent tariff on Chinese goods put into effect just one month ago and a variety of older levies, including those that remain from the…

When Deborah Lipstadt was appointed the Biden administration’s special envoy to fight antisemitism abroad, she started by visiting Saudi Arabia and the United Arab Emirates for what she described as encouraging exchanges with leaders of the two Muslim nations.Her hope was that Gulf leaders could use their voices to help stem antisemitism among Muslims around the world.“It was all very promising,” said Dr. Lipstadt, who was a historian and scholar of antisemitism and genocide before she took on the role, with the rank of ambassador in 2022. “I think there was a real conversation going on.”Then came the Hamas-led attack…

Cuando el presidente Donald Trump amenazó en enero con imponer aranceles a Canadá, México y China, afirmando que esos países debían tomar más acciones para detener el flujo de drogas y migrantes hacia Estados Unidos, funcionarios canadienses y mexicanos se apresuraron a trasladarse a Washington, llevando gráficos y videos en los que detallaban sus esfuerzos por fortalecer sus fronteras.Canadá creó un “zar del fentanilo” y destinó nuevos recursos a la lucha contra el crimen organizado, mientras que México envió efectivos militares a la frontera y entregó operadores de los cárteles a la custodia estadounidense. Como resultado, Trump suspendió los aranceles…

Nvidia’s headquarters on Feb. 26, 2025, in Santa Clara, California.Justin Sullivan | Getty ImagesMalaysia said it will take “necessary action” against Malaysian companies if they are found to be involved in a fraud case linked to the alleged movement of Nvidia chips from Singapore to China.That comes after Singapore Law and Home Affairs Minister K Shanmugam reportedly said on Monday that the servers in the fraud case may have contained Nvidia’s artificial intelligence chips which were then sent to Malaysia.On Feb. 27, Singapore charged three men with fraud, with local broadcaster CNA saying it understood the cases are linked to the alleged…

WASHINGTON (AP) — Tariffs are in the news at the moment. Here’s what they are and what you need to know about them:Tariffs are a tax on importsTariffs are typically charged as a percentage of the price a buyer pays a foreign seller. In the United States, tariffs are collected by Customs and Border Protection agents at 328 ports of entry across the country.U.S. tariff rates vary: They are generally 2.5% on passenger cars, for instance, and 6% on golf shoes. Tariffs can be lower for countries with which the United States has trade agreements. Before the U.S. began imposing…