President-elect Donald Trump announced new tariffs, signaling to allies and adversaries that he is prepared to tighten America’s trade agreements. Trump, who takes office on Jan. 20, said in a series of social media posts that he will slap a 25 percent tariff on all imports from Canada and Mexico. The purpose, Trump says, is to pressure the two nations to clamp down on drugs and illegal immigrants crossing the border. Approximately 80 percent of Canada and Mexico’s exports go to the United States. “This is something that we can do. Laying out the facts, moving forward in constructive ways. This is a relationship that we know takes a certain amount of working on and that’s what we'll do,” the prime minister said. Canada’s premiers have urged Trudeau in a recent letter to hold an urgent first ministers’ meeting before Trump begins his second term. Ontario Premier Doug Ford, who leads Canada’s most populous province and largest economy, warned that a 25 percent levy would be “devastating to workers and jobs” on both sides of the border. However, Sheinbaum stated that her country had done a lot to slow the flow of immigrants and that drugs were a U.S. problem. “One tariff would be followed by another in response, and so on until we put at risk common businesses,” Sheinbaum said. “It is unacceptable and would cause inflation and job losses in Mexico and the United States. “Dialogue is the best path to achieve understanding, peace, and prosperity for our two countries. I hope our teams can meet soon.” Trump separately detailed an extra 10 percent tariff “above any additional tariffs” on all imports from China. “I have had many talks with China about the massive amounts of drugs, in particular Fentanyl, being sent into the United States—but to no avail,” Trump said. Trump signed the USMCA during his first presidency, which went into effect in 2020, after several rounds of tense negotiations. The pact, which replaces the decades-old North American Free Trade Agreement (NAFTA), contains a six-year sunset provision, triggering a review in 2026. The three countries are required to confirm whether they will reexamine the deal or extend it. “I want to make it a much better deal. I want to take advantage, now, of the car industry,” he said. His recent remarks suggest that he will include a broad array of issues that extend beyond trade, such as security and immigration, in bilateral or multilateral deals. “I'll also seek strong new protections against transshipment so that China and other countries cannot smuggle their products and auto parts into the United States tax-free through Mexico to the detriment of our workers and our supply chains,” Trump said in a speech at the Detroit Economic Club in October. “They smuggle this stuff in. They don’t pay anything. We’re going to have very strong language on that.” Former Commerce Secretary Wilbur Ross said he thinks the USMCA needs some renegotiating as Mexico has failed to live up to several commitments. Ross, the author of a new book “Risks and Returns: Creating Success in Business and Life,” noted that Mexico failed to privatize the oil and gas sector and has politicized its judicial system. Additionally, Ross noted that China has been establishing token factories in Mexico to avert existing and potential trade walls. “I think there are some refinements that are very appropriate,” Ross told The Epoch Times. “Some of the recent publicity about various thoughts that he has regarding tariffs are very possibly going to result in some good results, even before they’re enacted.” Robert Marbut, the former executive director of the U.S. Interagency Council on Homelessness from 2019 to 2021 under the Trump administration, said Canada is not receiving a lot of attention for its role in the fentanyl trade. China is producing the product and then shipping it into Canada and Mexico, relying on cartels and biker gangs to peddle the drug, he stated. “I think when they [the incoming administration] start to see the intelligence briefings and the reports, they'll start to realize it,” he told The Epoch Times. By revisiting the USMCA, Trump’s team will likely advocate for new or updated provisions that have become paramount to the United States in the last six years. The incoming administration could also reopen existing aspects of the pact that have resulted in ongoing strife, such as rules of origin for automobiles or dairy market access. Thomas Cryan, an economic and tax historian and author of the new book “Disrupting Taxes,” says employing tariffs during trade negotiations can serve political and economic functions, whether facilitating onshore manufacturing or engaging in retaliatory elements. At the same time, he says, a USMCA 2.0 might not be far different from the first edition. “I think it’s going to be more of the same, meaning I think you might see some pushing and pulling,” Cryan told The Epoch Times. Meanwhile, the early start to trade negotiations is in stark contrast to the current administration. The blue-chip Dow Jones Industrial Average and the tech-heavy Nasdaq Composite Index were up about 0.3 percent heading into the closing bell. The Canadian dollar and Mexican peso slumped 0.6 percent and 2.25 percent, respectively, against the greenback. Economists and think tanks have stated that higher tariffs could impact the world’s largest economy. “The biggest risk is a large across-the-board tariff, which would likely hit growth hard,” said Jan Hatzius, the chief economist at Goldman Sachs Research, in a note emailed to The Epoch Times. Still, according to the bank’s estimates, the United States will outperform other developed economies, growing 2.5 percent in 2025 and 2.3 percent in 2026. “Assuming that the trade war does not escalate further, we expect the positive impulses from tax cuts, a friendlier regulatory environment, and improved ‘animal spirits’ among businesses to dominate in 2026,” Hatzius said. Market watchers have debated whether Trump’s tariff plans will rekindle the inflation flame. Christopher Tang, an economist and scholar of global supply chain management, says tariffs are not a long-term solution and can raise the cost of doing business. “I think that they [tariffs] would increase the price because the importers in the U.S. pay the tariffs, then they may have to pass the increase in cost onto the consumer, so therefore increase the price,” Tang said in a recent interview with The Epoch Times. Others have pointed to Trump’s first term. Despite expectations that his tariffs would ignite price inflation, consumer prices were largely unaffected. In other words, businesses did not pass the costs onto domestic consumers as they applied for exclusions or endured some of them. Consumer prices decelerated to 1.7 percent in late 2019 “after businesses adjusted to the trade war with China,” said Jeffrey Roach, the chief economist for LPL Financial. “During Trump’s first presidency, he granted exclusions for over 2,200 products based on the businesses’ argument that tariffs cause considerable harm, or the foreign product is not available in the U.S.,” said Roach in a note emailed to The Epoch Times. While there are concerns of a broader trade war, Ross said he is skeptical that such a scenario will unfold. “In any event, I think the danger of an all-out, big trade war is very small,” he said. The U.S. annual inflation rate ticked up to 2.6 percent in October.SAN FRANCISCO, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) -- 89bio, Inc. (the "Company” or "89bio”) (Nasdaq: ETNB), a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapies for the treatment of liver and cardiometabolic diseases, today announced that the Company's Management will participate in a fireside chat at the 7 th Annual Evercore HealthCONx Conference on Tuesday, December 3, 2024 at 8:20 AM ET and participate in one-on-one investor meetings. The webcast of the fireside chat will be accessible in the investor section of 89bio's website . A replay of the webcast will be available for approximately 30 days following the conference. About 89bio 89bio is a clinical-stage biopharmaceutical company dedicated to the development of best-in-class therapies for patients with liver and cardiometabolic diseases who lack optimal treatment options. The company is focused on rapidly advancing its lead candidate, pegozafermin, through clinical development for the treatment of metabolic dysfunction-associated steatohepatitis (MASH) and severe hypertriglyceridemia (SHTG). Pegozafermin is a specifically engineered, potentially best-in-class fibroblast growth factor 21 (FGF21) analog with unique glycoPEGylated technology that optimizes biological activity through an extended half-life. The company is headquartered in San Francisco. For more information, visit www.89bio.com or follow the company on LinkedIn . Investor Contact: Annie Chang 89bio, Inc. [email protected] PJ Kelleher LifeSci Advisors, LLC 617-430-7579 [email protected] Media Contact: Sheryl Seapy Real Chemistry [email protected]
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MLB NOTESTJX Cos. stock underperforms Tuesday when compared to competitors despite daily gains
Business experts are predicting an increase in spending this holiday season. There is also a concern if many of the items on consumers' holiday lists will be available on the shelf or online and are faced with the disappointing words: “Sorry, this item is currently out of stock.” That’s especially true when there are challenges with supply chains. But does that mean the words “out of stock” are the end of the line? Not at all. With a little determination and some creative thinking, the item might be found and purchased. How to buy out-of-stock items Here are the Better Business Bureau’s (BBB) tips for finding items that are sold out in stores. Try a different store Avoid limiting the search to the most popular brick-and-mortar stores. Consider researching multiple vendors’ websites to see who is carrying stock. If the large chain stores are out of what you need, try a reputable independent shop or a different type of store entirely. For example, when toilet paper was in short supply at grocery stores, some consumers found stock in unlikely places , such as hardware stores, restaurant suppliers, or office supply stores. Check websites frequently If an item is out of stock when shopping online, don’t give up hope right away. Bookmark the product page and check back daily. Many vendors regularly restock high-demand products. Use social media for updates Follow the brand or retailer on social media, as they often post real-time stock updates, special releases, or early restock information. Leverage online forums or communities Certain online communities or forums, like Reddit, may share insights on restocks, alternatives, or resale sources for hard-to-find items. Sign up for restock alerts Many companies offer restock alerts, which are usually sent by email. For example, on Amazon , look for an availability alert on a product's information page. Amazon will send an email when the item becomes available. Keep in mind that you still have to go to the website or store to make the purchase once the alert arrives. Go straight to the product’s source If a brand name item isn’t available from a favourite retailer, check the brand’s official website to see if it’s in stock there. If not, consider getting in touch by emailing customer service or reaching out through social media. Take advantage of return policies If you suspect an item will sell out quickly but aren’t sure if you really need or want it, review the store’s return policy. If a store gives you the option to return an item and offer a refund, you may want to purchase the item as soon as it’s available. You can always send it back if it doesn’t fit your needs, but you may regret not purchasing it if the stock runs out for good. Search for products on resale sites If a product appears to be gone for good, don’t lose hope just yet. Some resale sites may offer hard-to-find products. That said, watch out for scammers when looking for this year’s hottest toy or a very popular product. Con artists prey on desperate shoppers by pretending to have an item that is impossible to find, accepting payments, and then never delivering the product. Consider alternative versions If the item is unavailable, check for similar models or alternatives with similar features or functions, especially with electronics or home goods. Consider a personal shopping service Personal shoppers can do the heavy lifting if you are hunting for a very specific product. Be sure to read reviews and ask for recommendations from friends and family before hiring. Try out a subscription service Subscription services offer regular deliveries of cleaning products, clothing, and more. If the local stores are running out of fresh produce, for example, consider a meal delivery service . Shop during off-peak hours Many websites and stores restock early in the morning or late at night, which may improve your chances of finding the item in stock. Join loyalty programs Some stores offer members early access to products. Signing up for loyalty programs can help you get priority restock notifications and even early access to hot items. Be patient Sometimes, despite the best efforts, finding the most popular items may be impossible. If this happens to you, be patient. You may have to wait a few months until suppliers can meet consumers’ demands.
Canadian freestyle skier star Mikael Kingsbury is juggling both moguls and fatherhood. The 32-year-old Olympic and world champion from Deux-Montagnes, Que., opens his World Cup season Saturday in Ruka, Finland, with partner Laurence Mongeon and their infant son Henrik in tow. Henrik was born Aug. 25. “It changes your life, that’s for sure,” Kingsbury said Tuesday from Ruka in a media conference call. “Get used to waking up in the middle of the night, but at the same time, it is the most beautiful thing in the world. “It brings a beautiful balance to my career.” While Kingsbury acknowledges there are great hockey players named Henrik, he says the inspiration for the name was his niece liking a boy named Henrik in her kindergarten class. “I always liked the name anyway,” Kingsbury said. “Laurence and I agree it fits his face. “I didn’t ski as much this summer because I wanted to be home and I wanted to be present. We’re five weeks on the road for the start of this season, so I couldn’t see myself doing five weeks without seeing my kid. “I would have missed my family too much, so I brought them on the road for three weeks.” Regarded as the most dominant moguls skier of all time, the Canadian achieved another significant milestone last season when he surpassed Swedish alpine skier Ingemar Stenmark for the most all-time World Cup victories by a male athlete in any ski discipline. Kingsbury embarks on his 16th World Cup season with a career 90 victories. He’s finished in the medals in 129 of 151 career World Cup starts. But while Kingsbury claimed last season’s dual moguls crown, Japan’s Ikuma Horishima challenged Kingsbury’s reign by claiming his first crystal globe in moguls. “The mindset is still the same. The goals are still the same,” Kingsbury said. “Coming into the season, I want to focus on one race at a time. That’s how you get to a crystal globe. “The main focus is being consistent, staying healthy to start the season, try to get the momentum of the start and stay healthy until the end of this season. “I usually start strong, and I can finish very strong, and that’s how you win crystal globes.” Kingsbury won an Olympic moguls gold medal in 2018 and silver in both 2014 and 2022. Dual moguls makes its Olympic debut in 2026 in Milan-Cortina, Italy. Kingsbury has swept both moguls and dual moguls gold medals in three straight world championships. He’ll attempt the double a fourth time March 18-21 in Engadin, Switzerland. “Henrik and my family now are my priority and skiing comes second, but I know I can still win,” Kingsbury said. “It’s going to be different. My family is going to be home and it might be a bit more difficult, but at the same time I see a lot of positive in being a dad. I feel way more relaxed on the mountain.” One secret to Kingsbury’s success has been his durability. His only major injury hiccup so far was fracturing two vertebrae in his back training in Ruka ahead of the 2020-21 season. Kingsbury sat out the first three World Cups and won the fourth upon return to action. He’s closer to the end of his career than the beginning, so quality training, not quantity, is important to him. “As I get older, I cannot do too much, but I’ve got to do the right amount and make sure I can peak in 2026,” he explained. “The challenge is going to be the best dad I can and the best skier I can and try to manage in the middle. It’s never going to be perfect, but I’m to do as best as I can and make sure I’m ready in 2026. “I feel fortunate for all the team (members) that I have around me, teammates, and all the coaches and staff that are working with me. They’re going to make my life easy when it’s going to be difficult.” This report by The Canadian Press was first published Nov. 26, 2024.Hard-hitting 'must-see' Christmas video and heart-breaking real life story behind it
House passes bill limiting energy efficiency mandates on home laundry machines
Former US president Jimmy Carter dies aged 100
Despite a strong performance this year, the stock market remains exposed to several potential challenges, Deutsche Bank noted in a report on Tuesday. While markets have experienced some volatility, they have rebounded quickly after the factors causing sell-offs eased. “This shows that any of these risks could trigger another downturn, especially if they persist or worsen over time,” Risks: *** S&P 500 update: Risk of FOMO seems to be winning out so far.
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