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A trade war with China and tariff threats on other countries are ramping up pressure on stores that sell products from overseas — which, for some categories, is just about all of them.
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The vote later won't determine British Steel's future, but is a first step towards a possible nationalisation.
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(Third column, 12th story, link)
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(Third column, 11th story, link)
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(Top headline, 5th story, link)
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A senior executive who objected was marched out of his office and put on leave, while earlier warnings about the agency's deaths database were ignored.
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Beijing calls U.S. trade actions a "joke" and warns Washington about self-isolation.
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Beijing calls U.S. trade actions a "joke" and warns Washington about self-isolation.
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A DOGE engineer removed users' access to grants.gov, threatening to further slow the process of awarding thousands of federal grants per year.
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The House voted 216 to 214 to approve a budget blueprint, a first step towards passing President Trump's plans for spending and tax cuts.
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President Trump has announced a 90-day pause on new tariffs for most countries and a steep increase to tariffs on China. The 125% tariff rate on China comes after China retaliated in an escalating trade war between the two largest economies in the world. For most other countries, a 10% tariff remains in place, but higher tariffs were paused just hours after they went into effect, causing global stock markets to shoot back up after a historic plunge. We speak with two economists, Nancy Qian and Joseph Stiglitz, about the "chaos" of the week since Trump's initial unveiling of his tariff plan on April 2, which he termed "Liberation Day." There is "no economic theory behind what he is doing," says Stiglitz. He calls Trump a "schoolyard bully" who is upending international markets based on a flawed understanding of the role of trade deficits and the feasibility of reintroducing manufacturing to the U.S. economy. "We've just never seen anything like this before," says Qian, who adds that China appears to be digging in for the long, drawn-out trade war that Trump has now ignited.
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