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Business and Economic News

Mick Mulvaney effectively fires CFPB advisory council

Mick Mulvaney effectively fires CFPB advisory council

The CFPB's interim chief is moving to disband a board designed to help consumer groups work with the agency to identify problems facing Americans who are being unfairly treated by financial firms.
by Chris Arnold and Avie Schneider

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Trade war with Mexico stokes fear among Minnesota pig farmers

Trade war with Mexico stokes fear among Minnesota pig farmers

If the pork tariff reduces U.S. sales to Mexico farmers fear it could set in motion a series of events that will damage their economic future.
by Mark Steil

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EU to impose retaliatory tariffs on US imports from July

The European Union on Wednesday announced it will start imposing duties from July on a list of U.S. products in response to President Donald Trump's decision to slap tariffs on steel and aluminum imports from Europe.
by Associated Press

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China's ZTE reportedly strikes preliminary deal to lift U.S. ban

China's ZTE reportedly strikes preliminary deal to lift U.S. ban

The cellphone maker was sanctioned by the Commerce Department for illegal sales to Iran and North Korea. However, President Trump last month said he wanted to resolve the issue to save jobs in China.
by Scott Neuman

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GOP Senators want to limit Trump's power on trade

GOP Senators want to limit Trump's power on trade

Worried about a possible trade war with Canada, Mexico and the EU, some Senate Republicans want to give Congress the power to approve certain trade actions.
by Kelsey Snell

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Conservative icon David Koch leaving business, politics

Conservative icon David Koch leaving business, politics

Billionaire conservative icon David Koch is stepping down from the Koch brothers' network of business and political activities.
by Associated Press

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Mexico hits U.S. steel and farm products with tariffs, retaliating for Trump move

Mexico hits U.S. steel and farm products with tariffs, retaliating for Trump move

Mexico is putting tariffs on imports of U.S. steel and farm products - including pork and cheese - as it hits back at the U.S. for the Trump administration's tariffs on steel and aluminum products.

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Starbucks chairman Howard Schultz stepping down

Starbucks chairman Howard Schultz stepping down

Schultz, who oversaw the transformation of Starbucks into a global chain with more than 28,000 locations, had left the CEO job at the company last year to focus on innovation and social impact projects.
by The Associated Press

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