Trump takes tariffs fight to Supreme Court

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Daily Briefing

By Kate Turton

Hello. The Trump administration asks the US Supreme Court to hear a bid to preserve his tariffs, Lisbon mourns the victims of a cable car crash, and North Korea wipes all traces of Kim after his Beijing meeting with Putin.

Plus, Argentina officials recover a painting stolen by the Nazis after it was spotted in a real estate photo.

Today's Top News

A drone view shows a cargo ship at Kwai Tsing Container Terminals in Hong Kong. REUTERS/Tyrone Siu/ File Photo

United States

Donald Trump's administration asked the Supreme Court to swiftly hear a bid to preserve his sweeping tariffs pursued under a 1977 law meant for emergencies after a lower court invalidated most of the levies that have been central to his economic and trade agenda. He said the US may have to 'unwind' trade deals and will 'suffer greatly' if it loses the case.
Florida plans to end all state vaccine mandates, including for students to attend schools. Caroline Humer joins the Reuters World News podcast to explain what this might mean for outbreaks of preventable diseases.
A federal judge ruled that Trump's administration unlawfully terminated about $2.2 billion in grants awarded to Harvard University and can no longer cut off research funding to the prestigious Ivy League school.
The balance of power between Senate Republicans and the White House will be on public display at a pair of hearings, where lawmakers are expected to grapple with Trump advisers over the credibility of vaccine policy and the independence of the Federal Reserve.

In other news

North Korean leader Kim Jong Un said his country would "fully support" Russia's army as a "fraternal duty", and Russian President Vladimir Putin called the two countries' ties "special". Meanwhile, after Kim met with Putin in Beijing, staffers carefully wiped off items touched by the country's supreme leader.
Some 30 Western leaders are holding talks with Ukrainian President Volodymyr Zelenskiy over security guarantees for Kyiv in the event of a peace deal with Russia, hoping to do enough to persuade the US to back their efforts.
Flags flew at half-mast in Lisbon after at least 17 people were killed and 21 injured in a crash of a hillside funicular railway popular with tourists, while Portuguese authorities began investigating the cause of the accident.
The Israeli military moved deeper into Gaza City with soldiers and tanks pushing into Sheikh Radwan, one of the urban center's largest and most crowded neighborhoods.
British Deputy Prime Minister Angela Rayner was fighting for her political future after acknowledging she had underpaid property tax owed when she bought an apartment in a southern English seaside resort.
Bleak finances, surging far-right support and a key vote that could topple Prime Minister François Bayrou: long-simmering instability in France may boil over. In this week's Viewsroom podcast, Breakingviews columnists debate what it means for the bloc's future.

Business & Markets

Donald Trump Jr. and Eric Trump outside the Nasdaq building. REUTERS/Eduardo Munoz/File Photo

A bitcoin company tied to Donald Trump's two oldest sons more than doubled in value in its stock market debut, valuing the sons' stake at well over $1.5 billion as the first family grows their crypto business interests.
North Korean hackers are saturating the cryptocurrency industry with credible-sounding job offers as part of their campaign to steal digital cash, according to new research, raw data, and interviews.
Questions about Federal Reserve independence will take center stage when Trump's economic advisor Stephen Miran testifies at a Senate Banking Committee hearing on his nomination to the US central bank's seven-member governing board.
Online fast-fashion retailer Shein received a 150 million euro fine from France's data protection authority over the improper use of cookies, a decision the company contested and said it would appeal.
Indian Finance Minister Nirmala Sitharaman announced tax cuts on hundreds of consumer items ranging from soaps to small cars to spur domestic demand in the face of economic headwinds from punishing US tariffs.
Gold prices declined, pulling back slightly from a record high as investors locked in profits, while attention shifted to key US jobs data for further insight into the Federal Reserve's policy path. Watch our daily market rundown for more.

Drier weather threatens India's tea exports and global supply

A worker drinks water at the Chota Tingrai estate, in Tinsukia, Assam. REUTERS/Sahiba Chawdhary

Weather extremes are shrivelling harvests on India's tea plantations, endangering the future of an industry famed for beverages as refreshing as Assam and Darjeeling, while reshaping a global trade estimated at more than $10 billion a year.

See the photo essay

And Finally...

Curator Ariel Bassano next to a portrait of Contessa Colleoni by Italian artist Giuseppe Ghislandi, Mar del Plata, Argentina. REUTERS/Jose Scalzo

Argentina officials announced they had recovered a painting stolen decades ago by the Nazis following days of international intrigue and raids to track down the work of art after it was spotted in a real estate photo.

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