Reuters US Business

WASHINGTON (Reuters) -U.S. President Donald Trump signed an executive order on Wednesday that closes a trade loophole used to ship low-value packages duty-free from China, known as “de minimis,” according to the White House. The order says Trump is ending duty-free treatment for the covered goods imported from China and Hong Kong starting at 12:01 …

Trump signs order that closes duty exemptions for cheap shipments from China Read More »

By Brijesh Patel (Reuters) – Gold prices extended gains on Wednesday to hover near all-time highs, boosted by safe-haven inflows after U.S. President Donald Trump announces reciprocal tariffs that would escalate a trade war. Spot gold was up 0.6% at $3,129.46 an ounce at 04:53 p.m. EDT (2053 GMT). U.S. gold futures settled 0.6% higher …

Gold prices extend rise after Trump unveils tariff plans Read More »

By Nicole Jao and Shariq Khan NEW YORK (Reuters) -The Federal Energy Regulatory Commission (FERC) on Wednesday suspended Colonial Pipeline’s proposal to overhaul its gasoline shipments for seven months to hear additional arguments from the company and shippers that have protested the changes. Colonial Pipeline last month filed a revised tariff record for FERC approval, …

FERC suspends Colonial Pipeline’s proposed gasoline shipment changes Read More »

(Reuters) -Primary care company knownwell said on Wednesday it will provide health and weight-management services on Eli Lilly’s direct-to-consumer online healthcare platform, LillyDirect. Patients on LillyDirect will have access to physicians from knownwell for personalized services, knownwell said. The company offers in-person and virtual primary care, nutrition counseling and behavioral health services, covered through patients’ …

Primary care firm knownwell joins LillyDirect to offer weight-management services Read More »

By Aida Pelaez-Fernandez MEXICO CITY (Reuters) – Mexican President Claudia Sheinbaum said on Wednesday that Mexico does not plan to impose tit-for-tat tariffs on the United States, ahead of President Donald Trump’s planned announcement of new tariffs. Trump has said he will impose sweeping new tariffs on countries around the world on Wednesday. The move …

Mexico will not go tit-for-tat on tariffs with US, Sheinbaum says Read More »

(Reuters) -President Donald Trump on Wednesday unveiled global reciprocal tariffs during an event at the White House. Following are highlights of Trump’s remarks: * “In many cases, the friend is worse than the foe in terms of trade,” Trump said. * “We subsidize a lot of countries and keep them going and keep them in …

Trump unveils global reciprocal tariffs Read More »

(Reuters) -Shares of Truth Media & Technology Group, the parent company of President Donald Trump’s Truth Social platform, plunged more than 6.5% on Wednesday after the company filed papers that would allow the president’s trust to sell a large number of shares. Trump Media, which operates the Truth Social platform and is primarily owned by …

Truth Social-parent re-registers shares that would allow Trump trust to sell stock Read More »

WASHINGTON (Reuters) -U.S. President Donald Trump’s administration on Wednesday confirmed that his 25% global car and truck tariffs will take effect as scheduled on Thursday and that duties on automotive parts imports will be launched on May 3. In a Federal Register notice adding details to Trump’s autos tariff proclamation issued last week, the White …

Trump administration confirms car tariffs start Thursday, auto parts on May 3 Read More »