- President-elect Donald Trump pledged big tariffs on the United States' three largest trading partners - Canada, Mexico and China. Finance and Markets breaking news editor Amanda Cooper discusses what Trump might be looking to achieve with his tariff and trade plans on today's Reuters World News podcast.
- Investors dusted off their trade war playbooks, confident their portfolios were better-prepared for Trump this time after he took to social media and pledged new tariffs on Mexico, Canada and China.
- A judge dismissed the federal criminal case accusing Trump of attempting to overturn his 2020 election defeat after prosecutors moved to drop that prosecution and a second case against the president-elect, citing Justice Department policy against prosecuting a sitting president.
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Ishiba urges Biden to approve Nippon-US Steel deal. Kiyoshi Ota/Pool via REUTERS/File Photo |
- Japanese Prime Minister Shigeru Ishiba has sent a letter to President Joe Biden asking him to approve Nippon Steel's acquisition of U.S. Steel, to avoid marring recent efforts to strengthen ties between the countries, according to two sources familiar with the matter.
- President Biden proposed expanding coverage of anti-obesity drugs for millions on Medicare and Medicaid, which could cut out-of-pocket expenses for some by as much as 95%.
- Tesla's electric vehicles likely would not qualify for California's new state tax credits under a proposal in the works if Donald Trump scraps the federal tax credit for EV purchases, Governor Gavin Newsom's office said.
- Sri Lanka is weighing US bribery accusations against Adani Group and Fitch put some company bonds on a watch list for a possible downgrade, as fallout widens from indictments of some key executives of the Indian conglomerate.
- Switzerland is scrambling to keep a lid on immigration from its top trade partner, the European Union, as a jobs boom powered by the country's low-tax business model turns population growth into a political hot potato.
- Walmart plans to cut back some of its diversity, equity and inclusion initiatives, a spokesperson for the retailer, joining a growing list of firms feeling the heat from conservative groups.
- The US Commerce Department said it was finalizing a $7.86 billion government subsidy for Intel, down from $8.5 billion announced in March after the California-based chips maker won a separate $3 billion award from the Pentagon.
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Trump plan to use military in deportations should stand up in court |
Border Patrol agent Carlos Herrera searches for migrants trying to enter the US from Mexico. October 24, 2024. REUTERS/Jose Luis Gonzalez |
Trump has vowed to use the US military to help deport millions of undocumented migrants, a plan that breaks from US tradition against deploying troops domestically but which legal experts said would still be hard to successfully challenge in court. His advisers have said they intend to use the military to build detention camps or to transport undocumented migrants out of the US, freeing border patrol and immigration agents for investigations and apprehensions. |
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A rare pudu fawn named Lenga, born earlier this month, is seen at the Temaiken Foundation, in Buenos Aires. November 22, 2024. REUTERS/Alessia Maccioni |
A rare pudu fawn was born in a biopark in Argentina earlier this month, giving scientists and conservationists a unique chance to study and collect data on the tiny enigmatic deer. |
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