US to announce new tariffs

Plus, Trump faces showdown with the law.

Get full access to Reuters.com for just $1/week. Subscribe now. Daily Briefing Daily Briefing By Kate Turton In the US, Trump is set to announce new steel and aluminum tariffs, and judges hold the line as the president pushes legal boundaries. Elsewhere, a Paris AI summit draws world leaders and CEOs eager for lighter regulation and marriages in China plunged in 2024. Today's Top News   Donald Trump walks by Elon Musk during the America First Policy Institute gala at Mar-A-Lago, November 14, 2024. REUTERS/Carlos Barria United States President Donald Trump said he expects Elon Musk to find hundreds of billions of dollars of fraud and abuse at the Pentagon during an audit that the billionaire will lead. Trump's barrage of executive orders has met with scant resistance in Congress. Listen to Tom Hals on the Reuters World News podcast to find out how federal judges are delivering the strongest sign yet of a looming showdown - through the rule of law. In other news Trump said he was losing patience with the ceasefire deal between Israel and Hamas after seeing footage of the Palestinian militant group release Israeli hostages over the weekend. Trump also told reporters he remained committed to having the US buy and take ownership of Gaza. Many of the world's biggest polluter nations have missed a U.N. deadline to set new climate targets as efforts to curb global warming come under pressure. Most Germans are worried about the economy and high prices as Europe's biggest economy, once the region's economic engine, now contracts, a survey showed ahead of a February 23 election. Adopting a cryptic stance, the Kremlin said it could neither confirm nor deny whether or not Russian President Vladimir Putin had spoken to the US president about finding a way to stop the war in Ukraine. The Central African Republic has launched a meme coin in what its president said was a bid to raise the profile of one of the world's poorest countries. He announced the move nearly three years after his government became the first in Africa and the second in the world to adopt bitcoin as legal tender. Marriages in China plummeted by a fifth last year, the biggest drop on record, despite manifold efforts by authorities to encourage young couples to wed and have children to boost the country's declining population. Business & Markets   Trump will announce US reciprocal tariffs to match other countries' rates. REUTERS/Priyanshu Singh/File Photo Trump said he will introduce new 25% tariffs on all steel and aluminum imports into the US, on top of existing metals duties, in another major escalation of his trade policy overhaul. World leaders and technology executives convened in Paris to discuss how to safely embrace artificial intelligence at a time of mounting resistance to red tape that businesses say stifles innovation. OpenAI is pushing ahead on its plan to reduce its reliance on Nvidia for its chip supply by developing its first generation of in-house artificial-intelligence silicon. Japan's Nissan is open to working with new partners including even technology firms after merger talks with cross-town rival Honda foundered, people familiar with the automaker's thinking have said. Here's how Nissan lost its status as Honda's equal. Elon Musk told investors in late January that Tesla would roll out "autonomous ride-hailing for money" by June in Austin, Texas — a state where the company faces almost no regulation, raising questions about how much safety and legal risk Tesla is willing to take on as it deploys unproven driverless technology on public streets. T-Mobile said it has started wide-scale testing of its satellite-to-cell service, powered by SpaceX's Starlink, as the US wireless carrier aims to eliminate mobile dead zones and extend connectivity to remote areas. Looming tariffs turned into a mad dash north for one US manufacturer   One of the 25,000-pound machines built by North Carolina-based Power Curbers is at work laying a concrete sidewalk. Power Curbers/Handout via REUTERS  Stephen Bullock's phone rang early Monday morning last week at his small factory in North Carolina with an urgent message from his distributor up in Toronto who was rattled by what looked like an unfolding US-Canada trade war. Two of the machines Bullock's company produces - bulky contraptions used to lay concrete curbs, highway barriers, and sidewalks - were due to be shipped to Canada in a few weeks. Was there any way to get the 25,000-pound machines on trucks, like, today? Read more And Finally... Fans celebrate after the Philadelphia Eagles won the Super Bowl LIX against the Kansas City Chiefs. REUTERS/Eduardo Munoz  The Philadelphia Eagles dominated the Chiefs 40-22 in the Super Bowl in New Orleans to deny Kansas City in their bid for a third consecutive title and exact brutal revenge for their loss to the team in the NFL title game two years ago. Read more Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters' website Reuters Daily Briefing is sent 5 days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here. Terms & Conditions and Privacy Statement © 2025 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036