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Trump's tariffs: What's in effect and what could be in store?

Trump's tariffs: What's in effect and what could be in store?

Reuters2 days ago
WASHINGTON, July 9 (Reuters) - U.S. President Donald Trump has launched a global trade war with an array of tariffs that target individual products and countries.
Trump has set a baseline tariff of 10% on all imports to the United States, as well as additional duties on certain products or countries.
Here is a list of targeted tariffs he has implemented or threatened to put in place.
Steel and aluminum - 50%
Autos and auto parts - 25%
PRODUCT TARIFFS - THREATENED
Copper - 50%
Pharmaceuticals - up to 200%
Semiconductors - 25% or higher
Movies - 100%
Timber and lumber
Critical minerals
Aircraft, engines and parts
COUNTRY TARIFFS IN EFFECT
Canada - 10% on energy products, 25% for other products not covered by the U.S.-Canada-Mexico Agreement
Mexico - 25% for products not covered by USMCA
China - 30%, with additional tariffs on some products
United Kingdom - 10%, with some auto and metal imports exempt from higher global rates
Vietnam - 20% for some products, 40% on transshipments from third countries
COUNTRY TARIFFS THREATENED TO TAKE EFFECT AUGUST 1
Algeria 30%
Bangladesh 35%
Bosnia and Herzegovina 30%
Brunei 25%
Cambodia 36%
Indonesia 32%
Iraq 30%
Japan 25%
Kazakhstan 25%
Laos 40%
Libya 30%
Malaysia 25%
Moldova 25%
Myanmar 40%
Philippines 20%
Serbia 35%
Sri Lanka 30%
South Africa 30%
South Korea 25%
Thailand 36%
Tunisia 25%
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Missouri's governor signs repeal of state's guaranteed paid sick leave law
Missouri's governor signs repeal of state's guaranteed paid sick leave law

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Missouri's governor signs repeal of state's guaranteed paid sick leave law

Eight months after voters approved it, Missouri's governor, Mike Kehoe, signed the repeal of a law on Thursday that had guaranteed paid sick leave to workers and inflation-linked adjustments to the minimum wage. The move marked a major victory for the state's largest business group and a frustrating defeat for workers' rights advocates, who had spent years – and millions of dollars – building support for the successful ballot measure. The repeal will take effect on 28 August. Kehoe, who also signed a package of tax breaks on Thursday, described the paid sick leave law as an onerous mandate that imposed burdensome record-keeping. 'Today, we are protecting the people who make Missouri work – families, job creators and small business owners – by cutting taxes, rolling back overreach and eliminating costly mandates,' Kehoe, a Republican, said in a statement released after a private bill-signing ceremony. The new tax law excludes capital gains from individual state income taxes, expands tax breaks for seniors and disabled residents, and exempts diapers and feminine hygiene products from sales taxes. Richard von Glahn, who sponsored the worker benefit ballot initiative, said many parents felt forced to go to work instead of staying home to care for a sick child in order to pay for their rent or utilities. 'The governor signing this bill is an absolute betrayal to those families, and it hurts my heart,' said Von Glahn, policy director for Missouri Jobs With Justice. About one-third of states mandate paid sick leave, but many businesses voluntarily provide it. Nationwide, 79% of private-sector employees received paid sick leave last year, though part-time workers were significantly less likely to receive the benefit than full-time employees, according to US labor department data. Voters in Alaska, Missouri and Nebraska all approved paid sick leave measures last November. Only Alaska's, which kicked in on 1 July, has remained unchanged by state lawmakers. Before Nebraska's measure could take effect on 1 October, the state's Republican governor, Jim Pillen, signed a measure last month exempting businesses with 10 or fewer employees from the paid sick leave requirements. The revision also allows businesses to withhold paid sick leave from seasonal agricultural workers and 14- and 15-year-olds. Missouri's law allowed employees to earn one hour of paid sick time for every 30 hours worked, starting 1 May. By the time it's repealed, 17 weeks will have elapsed. That means someone working 40 hours a week could have earned 22 hours of paid sick leave. If workers don't use their paid sick leave before 28 August, there is no legal guarantee they can do so afterward. The Missouri Chamber of Commerce and Industry had made repealing the law its top legislative priority. The 'paid leave and minimum wage policies were a job killer', the chamber's president and chief executive officer, Kara Corches, said. But Missouri voters could get a second chance at mandating paid sick leave. Von Glahn has submitted a proposed ballot initiative to the secretary of state that would reinstate the repealed provisions. Because the new measure is a constitutional amendment, the state legislature would be unable to revise or repeal it without another vote of the people. Supporters have not decided whether to launch a petition drive to try to qualify the measure for the 2026 ballot.

Ambitious Chelsea will not park bus despite challenge of full-throttle PSG
Ambitious Chelsea will not park bus despite challenge of full-throttle PSG

The Guardian

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  • The Guardian

Ambitious Chelsea will not park bus despite challenge of full-throttle PSG

Chelsea have already made over £80m from their Club World Cup adventure but they can achieve something priceless against Paris Saint-Germain. This goes beyond gaudy gold badges and money in the bank. The season with no end is almost over, the final of the tournament that nobody asked for is here and while Chelsea have no intention of getting carried away if they triumph in New Jersey on Sunday it is also the case that there would be no better way to demonstrate that they are on to something with their youth-driven project than by beating Luis Enrique's awesome PSG. Easier said than done, of course. One school of thought is that Chelsea will have done well if they leave the MetLife Stadium with their dignity intact. Premier League opponents hold no fears for PSG, whose path to Champions League glory was paved by wins over Manchester City, Liverpool, Aston Villa and Arsenal, while they were in terrifying form against Real Madrid on Wednesday. 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They know that they have made mistakes along the way – there is no appetite for any more mid-season managerial changes – but there is satisfaction with how they have not deviated from their chosen path. Replacing Mauricio Pochettino, whose approach did not suit the squad, with the more technical but more inexperienced Enzo Maresca last summer? 'It's much more about tactics,' Malo Gusto, the Chelsea right-back, said of the change from Maresca to Pochettino. 'That's why we are in the final – it's because of him.' Chelsea laugh at the narrative about needing older players. They won the Conference League last season and are back in the Champions League. They appear to have bought well this summer and are pleased with the recruitment team of Paul Winstanley, Laurence Stewart, Sam Jewell and Joe Shields. It was noted before the tournament that results will follow if you put the right strategies in place and build patiently. Chelsea have invested in data and scouting. It cannot be a coincidence that they are the second-youngest team at the Club World Cup. The youngest? PSG. A source suggests that PSG and Chelsea have given other clubs a model to follow. 'Aggressive, fresh teams,' is the observation. Another is that Chelsea were signing young players long before PSG adopted the model. PSG are further along in their development, though. Having a dash of experience in key areas surely helps while they also have the more established coach. Chelsea met with Luis Enrique after sacking Graham Potter in April 2023, only to go with Pochettino. Hindsight is a funny thing. It is not easy to know how a foreign coach will adapt to the Premier League. Luis Enrique had just come off a disappointing World Cup with Spain. It is not rewriting history to say his stock was not as high as it is now; that he had dipped since winning the Champions League with Barcelona in 2015. In any case Chelsea are happy with Maresca's first year in charge. They are adapting to his positional-based style and play with a clear idea. 'Most people expect PSG to win but we don't think that,' Levi Colwill said on Friday. 'When you play for Chelsea you're not scared to play against anyone. I think they'll be looking at our forwards and know it's not going to be easy.' The centre-back acknowledged that dealing with the ferocity and immediacy of PSG's press will not be easy. Do Chelsea play out of the back regardless? 'You have to respect how they press but we're not going to change our whole way to play them,' Colwill said. 'We've got this far playing our football so why are we going to change that now?' Everyone has a plan until Ousmane Dembélé, Désiré Doué and Kvara Kvaratskhelia run at them, though. The feeling is that Maresca has no intention of parking the bus; that betraying his identity for one game would be folly. Still, though, Chelsea have to box clever. Do Enzo Fernández and Moisés Caicedo need an extra body in midfield to deal with João Neves, Vitinha and Fabián Ruiz? Can Chelsea beat the press if Roméo Lavia is out? How to contain Achraf Hakimi and Nuno Mendes's surges from full-back? Colwill noted the heat in New Jersey, saying it cannot become a basketball game. But Chelsea have their weapons. They have Cole Palmer and the counterattacking threat of Pedro Neto and Liam Delap. João Pedro scored two stunners against Fluminense; Fernández and Caicedo are in sparkling form. Speaking at a Fifa technical briefing on Thursday, Roberto Martínez noted that the best way to play PSG is to go man to man, to hit the triggers required to exploit the high line. Bayern Munich caused them problems in the quarter-final. They still lost, though. The issue is that the press has to be perfect. PSG can rip through at will. Chelsea know they are facing the best team in the world. PSG were supreme against Inter in the Champions League final. 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