While U.S. President Donald Trump’s tariffs play out in U.S. courts, another one of his laws could weaponize the American tax system. Investment banks and law firms warn this step could prove to be as significant as the impact of duties on investors. The “One Big Beautiful Bill Act,” which passed through the U.S. House…
Attendees arrive at the auditorium of the CHI Health Center during the Berkshire Hathaway annual meeting in Omaha, Nebraska, US, on Saturday, May 6, 2023. David Williams | Bloomberg | Getty Images For decades, Berkshire Hathaway‘s annual meeting — Warren Buffett’s “Woodstock for Capitalists” — has attracted foreign investors traveling to Omaha, Nebraska, sometimes from thousands…
Companies large and small are turning to special U.S. Customs-approved sites to avoid, at least temporarily, the payment of new tariffs implemented by President Trump. These locations, called foreign trade zones (FTZs) and bonded warehouses, are specially designated, secured storage or manufacturing sites approved by U.S. Customs where freight is not subject to U.S. duties…
Getty Images Harvard President Alan Garber has flatly rejected the White House’s sweeping list of demands The US government has threatened to ban Harvard University from enrolling foreign students, after the institution said it would not bow to demands from Donald Trump’s administration. The White House has demanded the oldest university in the US make…
Donald Trump has said he “couldn’t care less” if carmakers raise prices after his 25% tariffs on foreign-made vehicles comes into effect. Some analysts have warned that Trump’s charges on businesses importing vehicles could lead to the temporary shutdown of significant car production in the US, increase prices, and strain relations with allies. But speaking…
Getty Canada’s Foreign Minister Mélanie Joly has told the BBC she believes Canada can win the trade war which was sparked by a series of tariffs ordered by US President Donald Trump. “We are the biggest customer of the US,” Joly told the BBC’s World Service Weekend programme. “We buy more from the Americans than…
Getty Images Mélanie Joly, Canada’s foreign minister, stands beside Prime Minister Justin Trudeau during a news conference denouncing Trump’s new tariffs Canada’s Foreign Minister Mélanie Joly has told the BBC she takes US President Donald Trump’s remarks on making Canada the 51st state of his country “very seriously”. “This is not a joke anymore,” Joly…
Reuters Hundreds of US aid programmes have been frozen in countries around the world The top judge in the United States has given temporary backing to the Trump administration’s freeze on foreign aid payments. Supreme Court Chief Justice John Roberts’ intervention came as the administration faced a midnight deadline (05:00 GMT on Thursday) to pay…
Tensions between the world’s two largest economies have escalated over the last several years. Florence Lo | Reuters BEIJING — China is trying yet again to boost foreign investment, amid geopolitical tensions and businesses’ calls for more concrete actions. On Feb. 19, authorities published a “2025 action plan for stabilizing foreign investment” to make it easier…
EPA South Africa’s relationship with the US has become increasingly strained South Africa’s President Cyril Ramaphosa has told G20 foreign ministers that a commitment to multilateralism and international law is vital to solving global crises. His comments follow growing concern about the Trump administration’s “America First” policy, with US Secretary of State Marco Rubio boycotting…
