Ukraine, trade, pandas: What China's Xi and France's Macron discussed in Beijing
China said it is open to importing more high-quality goods from France while urging a "fair, conducive environment" for Chinese businesses in the European nation.
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Bessent: High Court Ruling Won't Affect Tariff Policy
Treasury Secretary Scott Bessent on Wednesday said the Trump administration will still implement its tariffs should the Supreme Court rule against President Donald Trump's use of the International Emergency Economic Powers Act to impose levies on trading partners.
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Treasury Adviser: Lower Rates Would Boost Housing
Lower interest rates would likely eliminate the need for a 50-year mortgage floated by President Donald Trump to boost housing affordability, Joseph Lavorgna, a counselor to U.S. Treasury Secretary Scott Bessent, said Wednesday.
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Trump to Scrap Biden's Fuel-Economy Standards
The Trump administration Wednesday proposed slashing fuel economy standards that former President Joe Biden had finalized last year, in its latest push to make it easier for automakers to sell gasoline-powered cars.
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AI Economy: Promise or Peril?
We are witnessing something like a new industrial revolution with AI. But drastic change doesn't come without major disruption. And right now, no one knows exactly what the shape the new AI economy will look like.
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Bessent says Trump admin will be able to replicate tariffs even if it loses Supreme Court decision
The Treasury secretary cited several sections of 1962 Trade Act that give the president sweeping powers over import duties.
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