Panama’s president vows to end a development deal with China after meeting with Secretary of State Marco Rubio and facing criticism from President Donald Trump over the Panama Canal. Rubio emphasizes the U.S. cannot allow Chinese control of the canal area and supports efforts to repurchase the waterway. House Republicans introduce a bill to give the president authority to negotiate with Panama to reacquire the Panama Canal, citing concerns about China’s influence.
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Higher U.S. tariffs officially in effect on dozens of nations
President Trump initiated higher import tariffs on over 60 countries, with rates of 10% or more beginning Thursday, as the U.S. economy showed signs of strain from previous tariff threats, including stalled hiring and inflation. While Trump touted the tariffs as a means to boost manufacturing and reduce the trade deficit, economists warn of potential long-term economic erosion and uncertainty surrounding their impact. Want More Context? 🔎
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