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The End of Tariffs? Not a Chance, These Economists Say

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Supreme Court wades into US-Cuba business disputes, with billions at stake

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Supreme Court wades into US-Cuba business disputes, with billions at stake


Supreme Court wades into US-Cuba business disputes, with billions at stake

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Analysis-Tariff ruling limits Trump’s leverage but won’t end uncertainty for trade partners

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Analysis-Tariff ruling limits Trump’s leverage but won’t end uncertainty for trade partners


Analysis-Tariff ruling limits Trump’s leverage but won’t end uncertainty for trade partners

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InvestingPro’s Fair Value predicted 44% drop in Navitas stock

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How Trump Plans to Reimpose Tariffs After Supreme Court Defeat”

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How Trump Plans to Reimpose Tariffs After Supreme Court Defeat"

In a historic rebuke of executive overreach, the U.S. Supreme Court has struck down the center-piece of the Trump administration’s trade policy. However, for Thai exporters hoping for a ‘tariff holiday,’ the victory may be short-lived. Within hours of the 6-3 decision, the White House signaled a pivot to Section 122 and Section 301 investigations—legal maneuvers designed to keep the 10% global baseline alive while bypassing the Court’s restrictions on emergency powers.


The Supreme Court’s recent ruling on tariffs has significant implications for former President Donald Trump, whose administration imposed numerous tariffs during his tenure. While the ruling may challenge certain policy actions taken under his leadership, Trump has historically been vocal about his disagreements with judicial decisions that limit executive authority. He is expected to critique the ruling publicly, framing it as an unfair obstacle to America’s economic interests. Moreover, Trump might consider legal avenues or legislative pressure to counteract the decision, emphasizing the importance of tariffs for national security and trade leverage.

Trump’s response will also likely involve rallying support from his political base, emphasizing the importance of protecting American industries. He could leverage the ruling to bolster his narrative about the need for a strong, America-first trade policy. His communication strategies may include statements highlighting the potential impacts of the decision on jobs, prices, and U.S. sovereignty.

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Ultimately, Trump’s reaction will shape ongoing debates on trade policies and judicial authority. Whether he chooses to escalate criticism or seek alternative strategies, his response will influence future policy directions and the political landscape surrounding trade issues. As a prominent voice in the Republican Party, his stance could also influence the party’s approach to trade disputes moving forward.

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UAE thwarts AI-driven cyberattack wave; financial sector on high alert

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India delays U.S. trade talks after Supreme Court rejects Trump tariffs, source says

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India delays U.S. trade talks after Supreme Court rejects Trump tariffs, source says


India delays U.S. trade talks after Supreme Court rejects Trump tariffs, source says

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Los Angeles fires rebuilding struggles continue over year later amid delays

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Los Angeles fires rebuilding struggles continue over year later amid delays

More than a year after deadly fires struck Los Angeles, residents are still struggling to rebuild their homes, citing permitting, insurance and financial gaps.

The Palisades and Eaton fires began in January 2025, and destroyed more than 16,000 homes and burned more than 38,000 acres, according to official reports.

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The city of Los Angeles has received 3,561 permitting applications and has issued 1,939 permits for 844 unique addresses, as of Feb. 21, according to the LA Strong Return and Rebuild website. The data is updated hourly by the Los Angeles Department of Public Safety, according to the page.

CALIFORNIA RESIDENTS FACE BRUTAL CHOICE ONE YEAR AFTER LOS ANGELES FIRES DESTROYED THEIR LIVES

There are currently 1,189 applications in review and 2,372 plans approved as of Friday.

“Hundreds of homes are already under construction in the Palisades, with over 1,000 permits in the pipeline. That’s real progress — but those are people who can,” LA District 11 Councilperson Traci Park said in a statement sent to FOX Business. “Thousands of others remain displaced, faced with lingering insurance disputes and lack of access to affordable capital to rebuild. 

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Palisades residents such as Michelle Bitting, whose home was destroyed during the fires, say there’s a “fatigue factor” within the ongoing process.

“The minutia of what we had to navigate with just the insurance stuff was exhausting,” Bitting told FOX Business. “Just the policy details and sort of understanding all of that stuff.”

Bitting said she had a “good experience” with insurance, but they struggled to obtain a permit for their rebuild. She said she and her family were “ahead of the game.”

Eaton Fire in Altadena

An aerial view of homes burned in the Eaton Fire, Jan. 21, 2025, in Altadena, Calif. (Mario Tama/Getty Images / Getty Images)

“Our trenches [were] dug, we’ve gone through two rains now, we’ve covered them, they’ve been scooped out again … They’ve been telling us any day now for two months on getting this permit,” Bitting said.

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Mychal Wilson, a whistleblower attorney and Palisades resident, echoed a similar sentiment regarding the permitting process.

“Permits have been being issued, and it takes anywhere between 30 days to six months, but some of that falls on the homeowner,” Wilson said. “You go through the design, and then you say, ‘Well, wait a second. I want to increase the square footage … I think there’s that issue in the permitting process that has delayed stuff.’”

PALISADES FIRE ARREST: THE FINANCIAL COST OF ONE OF L.A.’s MOST DEVASTATING BLAZES

Wilson said that they decided to expand after the fires. He told FOX Business that they submitted their plans to the city and a “soils report” and, as of Feb. 14, he anticipated that they would have their permits “within two weeks.”

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The Los Angeles City Council unanimously voted to waive permit fees for residents who were affected by the Palisades and Eaton fires.

The motion, which passed Feb. 3, waives plan check and permit fees “for all structures, regardless of rebuild/repair scale, only up to the amount attributed to 110% of the original footprint.”

Southern California wildfires Pacific Palisades

A view of fire-ravaged beach property overlooking the Pacific Ocean as a result of the Palisades Fire, Jan. 12, 2025, in Malibu, Calif. (Frederic J. Brown/AFP via Getty Images / Getty Images)

Part of the motion requests that the city controller establish a “Wildfire Emergency Permit Fee Subsidies, in the General City Purposes” and would “appropriate $10 million from a temporary revolving loan from the Building and Safety Building Permit Enterprise Fund,” which would then be repaid with interest.

This resolution waives fees for all structures, including single family homes, duplexes, accessory dwelling units, multifamily dwellings, and commercial properties. 

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In an Instagram post, Park thanked the city administrator officer for revisiting the proposal, as it was initially only meant for single-family dwellings.

NEWSOM VETOES FIREFIGHTER PAY RAISE MONTHS AFTER CALIFORNIA’S MOST EXPENSIVE WILDFIRE

“That wasn’t good enough, and we weren’t going to leave our small businesses, our renters, our seniors and our condo complexes, or our families in the mobile home parks behind,” Park said in the post.

She said the passing of this motion “[removed] the barriers that are causing so many people the inability to begin the process of rebuilding and returning home.”

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“Now that recovery reports are in, we’re focused on the bigger picture work that will speed up rebuilding,” Park continued in the statement.

President Donald Trump and first lady Melania Trump tour a fire-damaged area, Jan. 24, 2025, in the Pacific Palisades neighborhood of Los Angeles. (Mandel Ngan/Getty Images / Getty Images)

The current state of rebuilding in the city has drawn scrutiny from the federal government. President Donald Trump issued an executive order mandating the federal government step in to take over rebuilding efforts in Los Angeles.

The executive order, titled “Addressing State and Local Failures to Rebuild Los Angeles After Wildfire Disaster,” directs the heads of SBA and FEMA to issue regulations that override California and LA’s permitting requirements, according to previous reporting by Fox News.

Wilson told FOX Business that federal assistance “would be great if they did come in and help out.”

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“I think it’s great because the federal government, FEMA hasn’t really helped out anyone … and it’s not just on the Palisades, it’s just part of the policy and administration right now,” Wilson said. “The problem is it’s FEMA and they’re more worried about the overall big picture, whereas the local government is the one who can really enforce, for example, the permits.”

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Park said an upcoming town hall will allow residents to directly weigh in on what should be included in a “long-term recovery plan.”

“This has to stay community-driven — and government’s job is to clear the path, not stand in the way,” Park said.

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FOX Business contacted LA Mayor Karen Bass, Gov. Gavin Newsom and gubernatorial candidate Steve Hilton’s press offices, but did not immediately receive a response.

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The Hong Kong Investor Putting American Money Into China’s AI Push

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The Hong Kong Investor Putting American Money Into China’s AI Push

HONG KONG—In his two decades at Silicon Valley venture-capital titan Sequoia, Neil Shen made billions by identifying and investing in every major tech company to emerge in China.

Now, the Chinese billionaire is betting big on artificial intelligence, using American capital to fund Chinese firms competing in the global AI race. 

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Xi gains strategic edge ahead of Trump summit as U.S. tariff regime stumbles

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How Switzerland is quietly pulling ahead of Europe in the AI race

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