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US trade negotiator says 10% universal tariff will rebuild domestic manufacturing May 13, 2025 09:53AM

By Andrea Shalal and Doina Chiacu

WASHINGTON (Reuters) -U.S. Trade Representative Jamieson Greer said on Tuesday a 10% universal tariff on goods entering the United States would stay in place but U.S. officials were in talks with many countries to lower additional tariffs imposed by President Donald Trump.

Greer told CNBC he would speak to the Indian commerce secretary on Tuesday before leaving for Seoul, South Korea for a meeting of trade... (continue reading...)


Trump administration terminates another $450 million in grants to Harvard May 13, 2025 09:43AM

BOSTON (Reuters) - U.S. President Donald Trump's administration said on Tuesday that eight federal agencies will terminate another $450 million in grants to Harvard University, on top of $2.2 billion in federal funding that it canceled last week.

(Reporting by Nate Raymond in Boston; Editing by Nick Zieminski)


Factbox-Poland election: what you need to know May 13, 2025 09:42AM

By Marta Maciag, Canan Sevgili and Julia Kotowska

(Reuters) - Poland will hold the first round of a presidential election on May 18, setting the scene for a vote that will be crucial for the pro-European government's hopes of implementing its reformist agenda.

The election pits liberal Warsaw Mayor Rafal Trzaskowski, a senior member of the ruling Civic Platform party (PO), against historian Karol Nawrocki, who runs Poland's Institute... (continue reading...)


Sweden to propose EU membership of Pacific rim free trade group CPTPP May 13, 2025 09:40AM

STOCKHOLM (Reuters) -Sweden said on Tuesday it would propose that the European Union join a Pacific rim-based trading group with the aim of forming the world's biggest free trade area to help counter the impact of U.S. President Donald Trump's tariffs.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade accord sealed in 2018 between 11 countries - Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New... (continue reading...)


Carrier to invest $1 billion to boost US production May 13, 2025 09:36AM

(Reuters) -Carrier Global on Tuesday announced plans to invest $1 billion over five years in the United States, in response to President Donald Trump's policies encouraging domestic production.

Global firms are boosting their investments and presence in the U.S. after Trump's policies have pushed companies across sectors, including Apple and Ford, to produce within the country and generate jobs.

The additional headwind from Trump's tariffs... (continue reading...)


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