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Trump tariffs take effect: What to know
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Trump tariffs take effect: What to know

By Daniella Genovese  | Fox Business President Donald Trump imposed tariffs on Canada and Mexico and an additional levy on China on Tuesday, escalating tensions with key trading partners.  The U.S. began imposing a 25% tariff on goods from Canada and Mexico Tuesday, and an additional 10% levy on Chinese imports as Trump looks to curtail drug trafficking and illegal immigration. Earlier this year, the administration delayed these tariffs to allow Canada and Mexico time to negotiate trade deals aimed at addressing U.S. border security and halting the flow of drugs like fentanyl. READ THE FULL STORY AT FOX BUSINESS
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Taiwan-based chip giant to invest $100B in U.S. manufacturing
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Taiwan-based chip giant to invest $100B in U.S. manufacturing

By Eric Revell  | Fox Business Semiconductor giant Taiwan Semiconductor Manufacturing Co. (TSMC) announced a $100 billion investment in the U.S. on Monday. TSMC, a Taiwan-based chipmaker that builds advanced semiconductors which are used to power smartphones and artificial intelligence (AI) models, announced the investment following meetings with President Donald Trump. The investment is expected to focus on advanced semiconductor manufacturing facilities over the next four years. READ THE FULL STORY AT FOX BUSINESS
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Trump issues executive orders addressing lumber production, national security concerns
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Trump issues executive orders addressing lumber production, national security concerns

By Alexandra Koch , Bradford Betz  | Fox Business President Donald Trump on Saturday signed two executive orders that call for immediately expanding American lumber production and addressing lumber imports' threat to national security. The orders aim to update guidance on production, streamline permitting, and assess possible risks that imports pose to national security.  A White House official told Fox News the president identified a crisis in both supply and demand in an industry the U.S. should be entirely self-sufficient in. READ THE FULL STORY AT FOX BUSINESS
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Apple unveils historic $500B investment in US manufacturing, innovation
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Apple unveils historic $500B investment in US manufacturing, innovation

By. Andrea Margolis , Susan Li  | Fox Business Apple is committing $500 billion to the U.S. economy in a historic initiative, the company announced on Monday, marking "an extraordinary new chapter in the history of American innovation." Apple's 11-figure commitment will roll out over the next five years. It will involve building an advanced AI server manufacturing factory near Houston, as well as doubling the company's Advanced Manufacturing Fund from $5 billion to $10 billion. The tech giant also plans to establish an Apple Manufacturing Academy in Detroit, as well as hire 20,000 new employees with focuses on research and development, silicon engineering, artificial intelligence and machine learning. READ THE FULL STORY AT FOX BUSINESS
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Pepsi drops DEI chief, representation goals
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Pepsi drops DEI chief, representation goals

By David Spector  | Fox Business Pepsi has become the latest company to significantly roll back its DEI policies, announcing it will be eliminating its role of Chief DEI officer and ending representation goals in hiring. "We are revising our DEI program, as 2025 marks the conclusion of our five-year strategy. We see an even bigger opportunity to more deeply embed inclusion throughout the business as a key driver of business growth and will be introducing a new Inclusion for Growth strategy," PepsiCo Chairman and CEO Ramon Laguarta said in an employee letter first reported by conservative activist Robby Starbuck. The letter states that Pepsi will be "transitioning our Chief DEI Officer into a broader role" and that "Inclusion is the responsibility of all leaders at PepsiCo." A slat...
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Top automaker could move some production out of Mexico amid Trump tariff talks, CEO says
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Top automaker could move some production out of Mexico amid Trump tariff talks, CEO says

By  Cameron Arcand  | Fox Business Nissan CEO Makoto Uchida suggested President Trump’s tariffs could force the car manufacturer to shift its production outside of Mexico. "From Mexico to the U.S., we are exporting a significant number of cars this fiscal year[…] 320,000 units are exported from Mexico to the U.S., and if the high tariffs are imposed, we need to be ready for this, and maybe we can transfer the production of these models elsewhere if this were the decision, we will think how we can make it a reality while monitoring the situation," Uchida said, according to a translation on Reuters. The move could be a major blow to Mexico’s auto production sector, as nearly 670,000 vehicles were made by Nissan in the country last year, with over 456,000 of those being exporte...
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Trump’s Treasury secretary shuts down any tariff concerns, praises ‘frictionless global trade’
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Trump’s Treasury secretary shuts down any tariff concerns, praises ‘frictionless global trade’

By Kristen Altus  | Fox Business Less than one day after President Donald Trump signed off on a reciprocal tariff plan, the administration’s Treasury secretary shut down any economic concerns around the state of global trade. "President Trump is serious about negotiating this. And look, I don't understand why there's any pushback on this, that if they want to bring all these barriers down, then we will have more frictionless global trade," Scott Bessent said Friday in an exclusive interview on "Mornings with Maria." "As we've learned with President Trump, you should take him at his word. This is not theater," he continued. "The April 1 deadline is for a study that the Commerce Department is doing on global tariffs that apply to U.S. products country by country." READ THE F...
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Vance tells world leaders AI must be ‘free from ideological bias,’ American tech won’t be censorship tool
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Vance tells world leaders AI must be ‘free from ideological bias,’ American tech won’t be censorship tool

By Michael Dorgan | Fox Business Vice President JD Vance told world leaders in Paris on Tuesday that the United States intends to remain the dominant force in artificial intelligence (AI) and warned that the European Union's far tougher regulatory approach to the technology could cripple it.  Vance warned that the technology should be free from ideological bias and that President Donald Trump's administration would ensure that the most powerful artificial intelligence systems would be built in the United States. He added that Washington wanted to partner with the world in the industry. "We feel very strongly that AI must remain free from ideological bias and that American AI will not be co-opted into a tool for authoritarian censorship," said Vance, at his first schedule...
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Trump admin hits brakes on $5B electric vehicle charging station program
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Trump admin hits brakes on $5B electric vehicle charging station program

By Alex Nitzberg  | Fox Business The Federal Highway Administration (FHWA) pumped the brakes on a program to dole out funds to states for electric vehicle charging infrastructure. The move regarding the National Electric Vehicle Infrastructure (NEVI) program comes less than a month into President Donald Trump's second term in office. In a letter to state Department of Transportation directors dated Feb. 6, Emily Biondi, associate administrator for the Office of Planning, Environment and Realty, discussed the move. READ THE FULL STORY AT FOX BUSINESS
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Canada punches back against Trump with major tariffs of its own as trade war set to begin on Tuesday
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Canada punches back against Trump with major tariffs of its own as trade war set to begin on Tuesday

By Christopher Guly  | Fox Business Canada is responding to President Donald Trump’s 25% tariffs imposed on Saturday against its northern neighbor with its own major retaliatory measures, Canadian Prime Minister Justin Trudeau announced late Saturday night. As of Tuesday, when the U.S. tariffs take effect, Canada will impose 25% duties on about $21 billion of American goods with a further $86 billion to follow within 21 days to allow Canadian companies and supply chains to find alternatives, Trudeau told reporters at a news conference on Parliament Hill in Ottawa, surrounded by his foreign affairs, finance and public safety ministers. He said the Canadian tariffs on U.S. imports will cover a "far-reaching" range of products, including American beer, wine, bourbon, fruits and frui...
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