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Fractious Republicans seek unity over Trump tax cuts
Fractious Republicans seek unity over Trump tax cuts
Economy
By AFP

US senators were set to vote Saturday on unlocking trillions of dollars for sweeping tax cuts promised by President Donald Trump, despite bitter infighting among the majority Republicans over the savings that will be needed to fund them.

America's passion for tariffs rarely pays off, economists warn
America's passion for tariffs rarely pays off, economists warn
Economy
By AFP

Long before Donald Trump's "Liberation Day" announcement, the United States had toyed with imposing high tariffs throughout its history, with inconclusive -- and sometimes catastrophic -- results. During his first term in office, Donald Trump reopened the tariff ledger and decided on new measures against China, many of which were maintained under his successor, Joe Biden.

Vital European defence startups still facing hurdles
Vital European defence startups still facing hurdles
Economy
By AFP

Opportunities and investment have surged for European defence startups since Russia's invasion of Ukraine, industry players say, with shifts by governments and investors shaking up a sector long a byword for ponderous development. But the urgent need to develop state-of-the-art battlefield tech -- a constantly moving target in the crucible of Ukraine -- continues to run into hurdles.

US soybeans, energy: Who is hit by China's tariff retaliation?
US soybeans, energy: Who is hit by China's tariff retaliation?
Economy
By AFP

US agricultural exports, fuels and manufactured goods are set to take a hit from China's blanket retaliation against President Donald Trump's sharp tariffs, with both sets of measures due to take effect next week. But China likely has more confidence to retaliate this time compared with Trump's first presidency, when he engaged in a tit-for-tat tariff war with Beijing.