Trump, tariffs and trade wars

And Russia advances in Ukraine at fastest monthly pace since start of war.

Sign up for Reuters newsletters  Daily Briefing Daily Briefing By Kate Turton Russia advances in Ukraine at the fastest monthly pace since the start of the war, investors say they know how to trade Trump 2.0 and Israel looks set to approve a US plan for a ceasefire with Lebanon's Hezbollah. Plus, a birth in Argentina sparks conservation hopes for tiny enigmatic deer. Today's Top News   United States President-elect Donald Trump pledged big tariffs on the United States' three largest trading partners - Canada, Mexico and China. Finance and Markets breaking news editor Amanda Cooper  discusses what Trump might be looking to achieve with his tariff and trade plans on today's Reuters World News podcast. Investors dusted off their trade war playbooks, confident their portfolios were better-prepared for Trump this time after he took to social media and pledged new tariffs on Mexico, Canada and China. A judge dismissed the federal criminal case accusing Trump of attempting to overturn his 2020 election defeat after prosecutors moved to drop that prosecution and a second case against the president-elect, citing Justice Department policy against prosecuting a sitting president. In other news Russian forces are advancing in Ukraine at the fastest rate since the early days of the 2022 invasion, taking an area half the size of London over the past month, analysts and war bloggers say. Israel looks set to approve a US plan for a ceasefire with Lebanon's Hezbollah, a senior Israeli official said, clearing the way for an end to the conflict that has killed thousands of people since it was ignited by the Gaza war 14 months ago. Google and Facebook-owner Meta urged the Australian government to delay a bill that will ban most forms of social media for children under 16, saying more time was needed to assess its potential impact. Sweden is asking a Chinese vessel to return to Swedish waters to help facilitate the Nordic country's investigation into recent breaches of undersea fiber-optic cables in the Baltic Sea, Prime Minister Ulf Kristersson said. South African opposition party the Economic Freedom Fighters brought a case to the country's top court to try to revive impeachment proceedings against President Cyril Ramaphosa over the scandal dubbed "Farmgate" by local media. Business & Markets   Ishiba urges Biden to approve Nippon-US Steel deal. Kiyoshi Ota/Pool via REUTERS/File Photo Japanese Prime Minister Shigeru Ishiba has sent a letter to President Joe Biden asking him to approve Nippon Steel's acquisition of U.S. Steel, to avoid marring recent efforts to strengthen ties between the countries, according to two sources familiar with the matter. President Biden proposed expanding coverage of anti-obesity drugs for millions on Medicare and Medicaid, which could cut out-of-pocket expenses for some by as much as 95%. Tesla's electric vehicles likely would not qualify for California's new state tax credits under a proposal in the works if Donald Trump scraps the federal tax credit for EV purchases, Governor Gavin Newsom's office said. Sri Lanka is weighing US bribery accusations against Adani Group and Fitch put some company bonds on a watch list for a possible downgrade, as fallout widens from indictments of some key executives of the Indian conglomerate. Switzerland is scrambling to keep a lid on immigration from its top trade partner, the European Union, as a jobs boom powered by the country's low-tax business model turns population growth into a political hot potato. Walmart plans to cut back some of its diversity, equity and inclusion initiatives, a spokesperson for the retailer, joining a growing list of firms feeling the heat from conservative groups. The US Commerce Department said  it was finalizing a $7.86 billion government subsidy for Intel, down from $8.5 billion announced in March after the California-based chips maker won a separate $3 billion award from the Pentagon. Trump plan to use military in deportations should stand up in court   Border Patrol agent Carlos Herrera searches for migrants trying to enter the US from Mexico. October 24, 2024. REUTERS/Jose Luis Gonzalez Trump has vowed to use the US military to help deport millions of undocumented migrants, a plan that breaks from US tradition against deploying troops domestically but which legal experts said would still be hard to successfully challenge in court. His advisers have said they intend to use the military to build detention camps or to transport undocumented migrants out of the US, freeing border patrol and immigration agents for investigations and apprehensions. Read more And Finally... A rare pudu fawn named Lenga, born earlier this month, is seen at the Temaiken Foundation, in Buenos Aires. November 22, 2024. REUTERS/Alessia Maccioni  A rare pudu fawn was born in a biopark in Argentina earlier this month, giving scientists and conservationists a unique chance to study and collect data on the tiny enigmatic deer. Read more Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters.com Reuters Daily Briefing is sent 5 days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here. 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