TEHRAN, Iran (AP) — Iran’s rial currency traded at a record low against the U.S. dollar as the country returned to work after a long holiday. The exchange rate had plunged to over 1 million rials during the Persian New Year, Nowruz, as currency shops closed and only informal trading took place on the streets,…… MORE
Jaguar And Land Rover Maker Pauses Shipments To US As It Develops Post-Tariff Plans
LONDON (AP) — The British maker of Jaguar and Land Rover cars is pausing shipments to the U.S. as it works to mitigate the impact of a 25% tax on vehicle imports imposed by the Trump administration. Jaguar Land Rover Automotive, one of Britain’s biggest carmakers, said Saturday that the pause would take place this…… MORE
China Hit Brakes On Tik-Tok Deal After Trump Announced Wide-Ranging Tariffs
WASHINGTON (AP) — President Donald Trump says he is signing an executive order to keep TikTok running in the U.S. for another 75 days. That gives his administration more time to broker a deal to bring the social media platform under American ownership. The order was announced as White House officials believed they were nearing…… MORE
China Slaps A 34% Tax On All US Imports In Retaliation For Trump’s Tariffs
BANGKOK (AP) — China says it will impose a 34% tax on all U.S. imports next week, delivering its strongest response yet since U.S. President Donald Trump began piling tariffs on Chinese goods. Beijing also suspended imports of sorghum, poultry and bonemeal from six U.S. companies, added 27 firms to lists of companies subject to…… MORE
Senate GOP Approves Framework For Trump’s Tax Breaks And Spending Cuts After Late-Night Session
WASHINGTON (AP) — The Republican-controlled Senate has approved a budget framework that includes multitrillion-dollar tax breaks and spending cuts. The mostly party-line vote came early Saturday after a late-night session. GOP lawmakers overcame Democratic opposition for a crucial next step that’s central to President Donald Trump’s agenda. Passage of the plan paves the way for…… MORE