WASHINGTON (AP) – The U.S. Treasury last year swelled with revenue from President Donald Trump’s double-digit taxes on imports from almost every country on earth.
RIO DE JANEIRO (AP) – The Brazilian government has decried the latest U.S. tariff on certain Brazilian imports and threatened to impose reciprocal tariffs against U.S. products. The United States on Wednesday said it would impose a new 25% tariff on certain imports from Brazil, citing unfair trade practices by the world’s 10th-biggest economy.
LONDON (AP) – The U.K. government has nationalized British Steel to protect the nation’s steelmaking capacity after the company’s Chinese owners moved to shut the plant’s blast furnaces. The Department for Business and Trade announced the move on Thursday, saying it would save thousands of jobs.
Excerpts from recent editorials in the United States and abroad:
BRUSSELS (AP) – The European Union issued two new rules for Google on Thursday to force it to share search data and open up its Android operating system to rival AI companies.
The average long-term U.S. mortgage rate climbed this week to its highest level in nearly a year, driving up borrowing costs for prospective homebuyers.
WASHINGTON (AP) – Filings for unemployment benefits fell last week to the lowest level in 10 weeks as U.S. layoffs remain historically low.
NEW YORK (AP) – Shoppers slowed their spending in June from May, but excluding business at the gas pump, shoppers showed resilience despite ongoing economic uncertainty as they bought cars and took advantage of summer sales events.
GENOA, Italy (AP) – An Italian court on Thursday convicted the former CEO of Italy’s main highway operator and 31 others in the 2018 Genoa highway bridge collapse that sent vehicles plunging and killed 43 people, a disaster that exposed serious lapses in the maintenance of Italian infrastructure.