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US Treasury to take 'extraordinary measures' to avoid debt default
US Treasury to take 'extraordinary measures' to avoid debt default
by  AFP

The US Treasury Department will start taking "extraordinary measures" next week to avoid risking a default on government debt, Secretary Janet Yellen said Friday, days before President-elect Donald Trump takes office. On Friday, Yellen said: "The period of time that extraordinary measures may last is subject to considerable uncertainty."

Canada vows 'Trump tax' on US in response to tariffs: minister
Canada vows 'Trump tax' on US in response to tariffs: minister
by  AFP

Americans will be hit by a "Trump tariffs tax" if the US president-elect increases customs duties on Canadian products, the Canadian foreign minister said Friday, pledging a hard-hitting response in any trade war. "This would be the biggest trade war between Canada and the US in decades," Foreign Minister Melanie Joly said.

'More sad than shocked': TikTok users brace for ban
'More sad than shocked': TikTok users brace for ban
by  AFP

"I almost, like, don't know how to define myself without TikTok," content creator Ayman Chaudhary sighed, reflecting the consternation of millions over US authorities' scheduled banning Sunday of the hugely popular app. Until then, Ayman and countless other content creators have been left gloomily contemplating a future without TikTok.

US to tighten trade rules to hit low-cost China shipments
US to tighten trade rules to hit low-cost China shipments
by  AFP

The United States unveiled a new rule Friday to tighten an exemption allowing low-value imports to enter the country duty-free, taking aim at Chinese shipments that might be benefiting from it. The proposal disqualifies certain products from the low-value, or "de minimis," exemption, which allows goods valued at $800 or below to come into the United States without paying duties or certain taxes.

US grounds SpaceX's Starship rocket pending probe
US grounds SpaceX's Starship rocket pending probe
by  AFP

The US Federal Aviation Administration on Friday grounded SpaceX's Starship pending an investigation by Elon Musk's company into why the rocket's upper stage dramatically disintegrated in a fiery cascade over the Caribbean during its latest test flight. But the triumph was short-lived when teams lost contact with the upper stage vehicle.