Trump to slap 'sweeping' new tariffs on 60 trade partners as global duties expire
The Trump administration has ramped its tariff actions back up since the president's trade agenda suffered major legal setbacks earlier this year.

The Trump administration has ramped its tariff actions back up since the president's trade agenda suffered major legal setbacks earlier this year.
Intel rallied after the company reported blowout earnings and guidance.
The Pentagon lowered its official Iran war death toll to 14 from 18, removing four service members killed this month.
U.S. trading partners have rejected the forced-labor rationale behind Trump's new global tariffs, while most signaled plans to keep negotiating.
The yield on the 10-year U.S. Treasury note — the key benchmark for mortgage and auto loans and credit card debt — was last seen down one basis point at 4.693%.
The update comes as Ukrainian President Volodymyr Zelenskyy welcomed strikes on a key missile components facility in the Russian city of Kirov.
Oracle will supply on-premises software to the U.S. Department of Defense.
The major auction houses racked up nearly $10 billion in sales in the first half, marking one of the strongest-ever starts to the year.
The future of the Ridgeline midsize pickup truck had been in flux, and the automaker said there will be a temporary production stoppage for the truck.
A recently enacted New York law mandates that companies disclose when an ad includes a "synthetic performer" in place of a human actor.
After staying flat as the U.S.-Iran war heated up again, equities tumbled on Thursday after oil prices crossed $100 per barrel.
OpenAI disclosed this week that some of its AI models went rogue and hacked into open-source developer platform Hugging Face.
Southwest hired a ship this spring to send fuel from Houston to Los Angeles in case of supply shortages.
The APEC statement is the first to include open-source cooperation at a minister level, said Li Lecheng, China's industry and information technology minister.
It's hard not to be impressed by Tan, who, in a little more than a year, has transformed the company.
Both Tesla and Alphabet signaled higher spending as they invest in artificial intelligence.
German auto giant Volkswagen on Friday reported weaker-than-expected second-quarter profit and revised down its sales forecast for 2026.
Lee was highlighting the country's excessive investment in real estate, and highlighted that Japan's housing market "burst like a balloon."
CEO of Indian pharma company Dr Reddy's has warned that Trump's proposed tariffs on generic drugs will make them more expensive for patients.
This is the first rise in core inflation since March, and was in line with the1.6% growth expected by economists polled by Reuters.
CXMT is stoking fears that its blockbuster stock market debut could pull cash from China's equities.
Amazon is bringing Luna to the Prime Video streaming service, while Microsoft will test an ad-supported streaming of titles that people own.
U.S. Treasury yields climbed on Wednesday, following oil prices higher, as traders also reacted to a slump in weekly claims for unemployment insurance.
Allianz to acquire Singapore insurance business from HSBC