US, Australia Ink Rare Earths Deal; Supreme Court to Hear Trump Tariffs Case

US, Australia Ink Rare Earths Deal; Supreme Court to Hear Trump Tariffs Case

On today's podcast:
1) President Trump signed a landmark pact with visiting Australian Prime Minister Anthony Albanese to boost America’s access to rare earths and other critical minerals, an effort to counter China’s tight grip on the supply chains of key metals. The two governments will jointly invest in a swathe of mines and processing projects in Australia to boost production of commodities used in advanced technologies from electric vehicles to semiconductors and fighter planes. Australia has an $8.5 billion “pipeline that we have ready to go,” Albanese said at a meeting between the two leaders at the White House.
2) Small businesses are urging the US Supreme Court to affirm lower court rulings that President Trump's global tariffs amount to a massive illegal tax on American companies. The justices are set to hear arguments on whether Trump legally issued the tariffs under the 1977 International Emergency Economic Powers Act, a law that gives the president financial tools to address national security, foreign policy and economic emergencies.
3) Senate Majority Leader John Thune says he will wait until President Trump meets with Russian President Vladimir Putin in the coming weeks before deciding to whether to bring legislation on Russia sanctions to a vote. The bill would give Trump the authority to impose tariffs of up to 500% on imports from countries that buy Russian energy products and are not actively supporting Ukraine. This specifically targets major consumers of Russian energy, such as China and India.

See omnystudio.com/listener for privacy information.

Jaksot(1588)

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Trump Drops Tariff Threat After ‘Framework’ Greenland Deal; Supreme Court Appears Wary of Bid to Fire Fed’s Cook

Trump Drops Tariff Threat After ‘Framework’ Greenland Deal; Supreme Court Appears Wary of Bid to Fire Fed’s Cook

On today's podcast:1) President Trump said he would refrain from imposing tariffs on goods from European nations opposing his effort to take possession of Greenland, citing a “framework of a future de...

22 Tammi 19min

Davos Braces for Trump's Arrival; Bessent Cautions Allies Over Military Missions in Greenland

Davos Braces for Trump's Arrival; Bessent Cautions Allies Over Military Missions in Greenland

On today's podcast:1) President Trump expressed confidence that the European Union would continue to invest in the US even if he imposed new tariffs related to his quest to take control of Greenland, ...

21 Tammi 16min

Greenland Talks Loom Over Davos; Bessent Says Fed Pick Could Come as Soon as Next Week

Greenland Talks Loom Over Davos; Bessent Says Fed Pick Could Come as Soon as Next Week

On today's podcast:1) President Trump said he will meet with several parties over his ambition to take control of Greenland during the upcoming World Economic Forum. Trump said in a Truth Social post ...

20 Tammi 15min

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Daybreak Holiday: Stock Market Records, Fed Independence, The Future of DEI

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to earnings from Netflix and Intel. In the UK – a l...

16 Tammi 38min

Venezuela’s Machado Gives Trump Nobel Medal; Greenland Seeks Support Against Takeover Bid

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On today's podcast:1) President Trump accepted Venezuelan opposition leader Maria Corina Machado’s Nobel Peace Prize medal at a White House meeting on Thursday as she tries to get back in his good gra...

16 Tammi 21min

Second ICE Shooting in Minneapolis as Protests Intensify; Denmark-US Rift Persists Over Greenland

Second ICE Shooting in Minneapolis as Protests Intensify; Denmark-US Rift Persists Over Greenland

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