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Three Big Things

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  • Trump Forges Ahead With 104% Tariffs on China

    The United States said on Tuesday that 104% duties on imports from China would take effect shortly after midnight, even as the Trump administration moved to quickly start talks with other trading partners targeted by President Donald Trump's sweeping tariff plan.

    U.S. stocks retreated on the news. Global markets had previously posted gains on hopes that Trump might be willing to negotiate down the array of country and product-specific trade barriers he is erecting around the world's largest consumer market.

    The administration has scheduled talks with South Korea and Japan, two close allies and major trading partners, and Italian Prime Minister Giorgia Meloni is due to visit next week.

    But the White House made clear that country-specific tariffs of up to 50% would nevertheless take effect at 12:01 a.m. Eastern Time (0401 GMT), as planned.

    Those tariffs are especially steep for China, as Trump has ratcheted up duties on its imports to 104% in response to counter-tariffs Beijing announced last week. China has refused to bow to what it called "blackmail" and has vowed to "fight to the end."

    Administration officials said they would not prioritize negotiations with the world's No. 2 economic power.

    Trump's sweeping tariffs have raised fears of recession and upended a global trading order that has been in place for decades.

    "Right now, we've received the instruction to prioritize our allies and our trading partners like Japan and Korea and others," White House economic adviser Kevin Hassett said on Fox News.

    The White House said Trump instructed his trade team to create "tailor made" deals for the nearly 70 countries that have reached out for talks. Trump's lead trade negotiator, Jamieson Greer, told Congress that his office is trying to work quickly but is not facing a particular deadline.

    "The president has been clear, again, that he's not doing exemptions or exceptions in the near term," Greer told lawmakers. China is bracing for a war of attrition, and manufacturers are warning about profits and scrambling to plan new overseas plants. 

    Three out of four Americans expect prices to rise as Trump's tariffs kick in, according to a Reuters/Ipsos poll. 

    Chipmaker Micron told customers it will impose a tariff-related surcharge starting on Wednesday, while U.S. clothing retailers said they are delaying orders and holding off on hiring. 

    Stock markets found a firmer footing on Tuesday after a gut-wrenching few days for investors which prompted some business leaders, including those close to Trump, to urge the president to reverse course. European shares bounced off 14-month lows after four straight sessions of heavy selling, while global oil prices steadied after falling to four-year lows.

    Wall Street's main indexes had posted gains earlier in the day, but fell after the White House said the tariffs on China would take effect.

    The European Commission, meanwhile, is mulling counter-tariffs of 25% on a range of U.S. goods including soybeans, nuts and sausages, though other potential items like bourbon whiskey were left off the list. Officials said they stood ready to negotiate.

    The 27-member bloc is struggling with tariffs on autos and metals already in place, and faces a 20% tariff on other products on Wednesday. Trump has also threatened to impose tariffs on EU alcoholic drinks.

    European pharma companies, also fearful of the tariff fallout, warned the president of the European Commission, Ursula von der Leyen, in a meeting that Trump's tariffs would expedite the industry's shift away from Europe and towards the United States.



    READ MORE HERE: US to Impose Additional 104 Percent Tariff on China Beginning Wednesday | Newsmax.com

  • From beavers to billions: Mobile faces costly drainage decisions after Sunday floods

    By 

    It all began with concerns over beavers.

    As the conversation progressed, concerns about flooded city streets shifted to worries about falling leaves and tree roots clogging the ditches.

    The solutions proposed by council members on Tuesday ranged from the simple—just unclog the ditches—to the much more costly idea of spending hundreds of millions of dollars to overhaul Mobile’s drainage system.

    But as Mobile leaders gathered in one of the rainiest cities in the U.S., just two days after torrential downpours flooded parts of downtown and midtown, the focus of their discussion turned to how best to prepare for future storms of even greater intensity.

    “It’s a huge challenge,” Mobile Mayor Sandy Stimpson said.

    Focus on boring

    The storm on Sunday had dropped 8-9 inches of rain on the city, leaving the newly rehabilitated Broad Street submerged. Portions of historic Leinkauf neighborhood resembled a flowing river and reports of cars being stuck in the flood waters were common throughout the city.

    Councilman Ben Reynolds emphasized the need for prioritizing drainage issues, even if they are considered “boring.”

    He cited the extensive damage suffered by St. Petersburg, Fla., from Hurricane Helene and Milton last fall.

    According to media reports, the City of St. Petersburg incurred at least $247.3 million in costs associated with debris collection efforts. Reynolds, though, said the property damages within the city are significant and illustrate a worry for other coastal cities in an era of destructive storms.

    “The problem is we need to go after large sums of money to address major infrastructure projects,” Reynolds said, urging city officials to avoid chasing more “exciting” projects like the $300 million Mobile Civic Center development and focus on the more “boring” aspects of being a municipal leader that includes rebuilding drainage systems.

    “What we saw (Sunday) should serve as a warning,” he said. “It was a rain event. It was a deluge. We have four to five a year, but it only takes one to wipe out a family’s house. Just one.”

    Beaver nuisance

    Councilman William Carroll urged city leaders to address nuisance beavers and the inundation of leaves into the city’s drains which he believes adds to the problem of flooded streets.

    His concerns about the beavers, which can build dams that can lead to flooded roads, come about one month after the council approved a three-year $13,000 annual contract with Waylon Wildlife Services LLC to trap the animals. The company has 23 traps set up throughout Mobile.

    Alabama state law prevents the company from re-locating the beavers. The company, instead, reportedly kills the animals because of its inability to have beavers relocated.

    Animal rights groups have emerged in recent weeks to raise concerns over the treatment of beavers, and to urge the city to consider alternatives.

    The city is considering installing so-called “beaver deceivers” that could cost taxpayers anywhere from $45,000 to $70,000, and includes building a hidden extended culvert into a waterway meant to confuse the animals. The costs are aimed at keeping beavers from clogging up ditches in areas where Waylon’s Wildlife Service is monitoring.

    Unclogging drains

    Carroll also urged city officials to monitor the downtown area’s drains to make sure they were not clogged with leaves and other debris.

    However, Stimpson said the problem with downtown’s drainage system is far bigger than leaves. Stimpson pointed to a specific problem on Church Street, between Jackson and Joachim streets, where drains are completely clogged with tree roots.

    “As we continue to plant trees on top of storm drains, what happens, is the roots are seeking water,” Stimpson said. “If there is a slight crack in the pipe, the root grows into it.”

    He said the problem is citywide, and not just in the downtown area. The mayor said he is hoping to present the council soon with modifications to the city’s tree ordinance that will prevent plantings near storm drains and inlets.

    “If we don’t change our practices, from a maintenance standpoint, I don’t know if we can ever keep up with it,” he said.

    Different approaches

    Councilman Joel Daves said he doesn’t believe there is much the city can do to resolve some of the flooding without spending an exorbitant amount of money to do so.

    “I’m 100 percent behind doing what we can with modest expenses to address it but we will never, ever eliminate flooding in these flood prone areas when we have rains like we did Sunday night,” Daves said.

    Reynolds said a “modest approach” to the problem isn’t going to resolve it.

    Reynolds acknowledged the high cost of addressing drainage problems, citing a $20 million project in his district that alleviated flooding issues.

    The City of Mobile allocated $32 million for its Capital Improvement Program (CIP) for fiscal year 2025, which began last September. The program focuses on enhancing public infrastructure, including drainage.

    “It’s a matter of priorities and where we spend the money,” he said, adding that he was concerned what Sunday’s storm represented.

    “This wasn’t even a hurricane,” he said. “We need to re-evaluate our priorities going forward and improve our infrastructure in the city.”


    READ MORE HERE: Mobile has one of the highest rainfall rates in America, and its drainage system is failing - al.com

  • School choice applications close, private school families outnumber others

    Close to 37,000 Alabama students submitted applications to receive funding from the state’s new school choice program, according to Gov. Kay Ivey’s office. More than 40 percent of applications came from students already enrolled in private schools.

    READ THE REST OF THE STORY: School choice applications close, private school families outnumber others | News | lagniappemobile.com

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