President Trump initiated an investigation into whether lumber imports threaten national security, potentially leading to tariffs on wood imports from Canada. The inquiry aims to increase American lumber supply and address trade deficits caused by cheap imports. The move may escalate tensions with Canada and impact industries like construction.
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Benjamin Black Weighs Shift in U.S.A.I.D. Funding
Benjamin Black, son of private equity billionaire Leon Black, has been nominated by President Trump to lead the U.S. International Development Finance Corporation, aiming to shift towards a more "pro-market" approach in allocating U.S.A.I.D.'s budget of $40 billion. Black advocates for investments that benefit American interests, criticizing U.S.A.I.D.'s past focus on humanitarian concerns. His background in finance and connections to Wall Street could help attract private equity firms and international investors to participate in the...
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