FTSE 100 on course for biggest monthly gain in two years – business live
Live, rolling coverage of business, economics and financial markets as Smiths Group leads index after promising break-up of FTSE 100 engineering companyDonald Trump’s White House will invoke emergency powers to introduce tariffs on Canada and Mexico, Reuters reports:Two sources familiar with the matter said that Trump was expected to invoke the International Emergency Economic Powers Act (IEEPA) as the legal basis for the tariffs, declaring a national emergency over fentanyl overdoses that killed nearly 75,000 Americans in 2023 and illegal immigration.The statute enacted in 1977 and modified after the 9/11 attacks in 2001 gives the president broad powers to impose economic sanctions in a crisis. Continue reading...
Live, rolling coverage of business, economics and financial markets as Smiths Group leads index after promising break-up of FTSE 100 engineering company
Donald Trump’s White House will invoke emergency powers to introduce tariffs on Canada and Mexico, Reuters reports:
Two sources familiar with the matter said that Trump was expected to invoke the International Emergency Economic Powers Act (IEEPA) as the legal basis for the tariffs, declaring a national emergency over fentanyl overdoses that killed nearly 75,000 Americans in 2023 and illegal immigration.
The statute enacted in 1977 and modified after the 9/11 attacks in 2001 gives the president broad powers to impose economic sanctions in a crisis. Continue reading...
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