Super Bowl LIX was expected to be one of the best battles between teams in the history of the event.
What most people didn’t expect was the Philadelphia Eagles absolutely routing the Kansas City Chiefs 40-22, getting revenge for when they lost to the Chiefs two years ago.
President Donald Trump said on Friday he plans to announce reciprocal tariffs on many countries by Monday or Tuesday of next week, a major escalation of his offensive to tear up and reshape global trade relationships in the U.S.’ favor.
Trump did not identify which countries would be hit but suggested it would be a broad effort that could also help solve U.S. budget problems.
“I’ll be announcing that, next week, reciprocal trade, so that we’re treated evenly with other countries,” Trump said. “We don’t want any more, any less.”
Trump did not identify which countries would be hit but suggested it would be a broad effort that could also help solve U.S. budget problems.
“I’ll be announcing that, next week, reciprocal trade, so that we’re treated evenly with other countries,” Trump said. “We don’t want any more, any less.”
The move would fulfill Trump’s campaign promise to impose tariffs on American imports equal to rates that trading partners impose on American exports.
Trump made the announcement during a meeting with visiting Japanese Prime Minister Shigeru Ishiba. He said auto tariffs remained on the table amid reports that the White House was weighing potential exemptions.
The new U.S. president has long complained about the European Union’s 10% tariffs on auto imports being much higher than the U.S. car rate of 2.5%. He frequently states that Europe “won’t take our cars” but ships millions west across the Atlantic every year.
In recent confirmation hearings, Trump’s Commerce secretary nominee Howard Lutnick voiced concerns about India’s high tariff rates, while U.S. Trade Representative nominee Jamieson Greer discussed U.S. complaints about Vietnam’s and Brazil’s tariffs and trade barriers.
The U.S. trade-weighted average tariff rate is about 2.2%, according to World Trade Organization data, compared to 12% for India, 6.7% for Brazil, 5.1% for Vietnam and 2.7% for European Union countries.
Trump told Republican lawmakers of his plans during budget discussions at the White House on Thursday, three sources familiar with the plan told Reuters. Trump and top aides have said they plan to use higher tariffs on foreign imports to help pay for extending Trump’s 2017 tax cuts, which independent budget analysts say could add trillions of dollars to the U.S. debt.
Increased tariffs could offset some of that cost, though they have only accounted for about 2% of annual revenues in recent years.
Trump announced tariffs of 25% on Canada and Mexico on Saturday but delayed them after a negative reaction from investors. The two largest U.S. trading partners agreed to increase enforcement efforts at the border, a top Trump priority.
Wall Street extended losses on Friday following the Reuters report of Trump’s discussion with lawmakers.
Source:Reuters
There may be no better host for Super Bowl LIX than New Orleans, a city rich in supernatural lore. Either the Chiefs will complete their mystical season with an unprecedented three-peat, or the Eagles will revisit history by avenging their Super Bowl LVII loss to Patrick Mahomes & Co.
Philadelphia’s backfield now runs through powerhouse Saquon Barkley, Mahomes has a revamped cast of wide receivers, and — unrelated to football but very much relevant to pop culture — Travis Kelce is dating Taylor Swift (ever heard of her?).
The teams may be familiar, but the stakes are bigger than ever. No matter the outcome, Super Bowl LIX is poised to deliver a history-making finale to the 2024 season.
Source: ESPN
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