THE TRUMP ADMINISTRATION IS EXPECTED TO PROPOSE A CHANGE TO THE U.S.-MEXICO-CANADA AGREEMENT THAT WOULD REQUIRE HALF OF THE COMPONENTS AND MATERIALS IN AN AUTOMOBILE TO COME FROM U.S. SOURCES IN ORDER TO QUALIFY FOR LOWER TARIFFS UNDER THE PACT, ACCORDING TO PEOPLE FAMILIAR WITH THE PLANS. - WSJ
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THE RULE WOULD GREATLY INCREASE THE AMOUNT OF U.S. CONTENT REQUIRED IN CARS MADE UNDER THE SO-CALLED USMCA, MEASURED BY THE DOLLAR VALUE OF THE COMPONENTS. THE PACT CURRENTLY REQUIRES THREE-QUARTERS OF A VEHICLE’S MATERIALS TO COME FROM NORTH AMERICAN SOURCES, BUT HAS NO U.S.-SPECIFIC CONTENT REQUIREMENT. - WSJ
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THE NEW PROPOSAL WAS PREPARED AHEAD OF NEGOTIATIONS OVER HOW TO RESTRUCTURE THE USMCA, WHICH PRESIDENT TRUMP SIGNED IN 2020 AND IS UP FOR REVIEW THIS YEAR, ACCORDING TO THE PEOPLE FAMILIAR WITH PLANNING. A U.S. DELEGATION IS IN MEXICO CITY THIS WEEK FOR A FIRST ROUND OF FORMAL DISCUSSIONS ON THE PACT WITH THE MEXICAN GOVERNMENT. - WSJ
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US GOVT'S PROPOSAL, PART OF USMCA RESTRUCTURING TALKS WITH MEXICO, WOULD ALSO SEEK TO INCREASE U.S. CONTENT FROM CURRENT 75% NORTH AMERICAN RULE- WSJ
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TRUMP ON TRUTH SOCIAL:
Iran must agree that they will never have a Nuclear Weapon or Bomb. The Hormuz Strait must be immediately open, no tolls, for unrestricted shipping traffic, in both directions. All water mines (bombs), if any, will be terminated (we have removed, through detonation, numerous such mines with our great underwater mine sweepers. Iran will complete the immediate removal and/or detonation of any mines that are left, which will not be many!). Ships caught in the Strait due to our amazing and unprecedented Naval Blockade, which will now be lifted, may start the process of “heading home!” Say HELLO to your wives, husbands, parents, and families from me, your favorite President! The enriched material, sometimes referred to as “Nuclear Dust,” which is buried deep underground with virtually collapsed mountains, caused by our powerful B2 Bomber attack 11 months ago, sitting on top of it, will be unearthed by the United States (which, it is agreed, is the only Country, along with China, with the mechanical capability of doing so!), in close coordination and conjunction with the Islamic Republic of Iran, plus the International Atomic Energy Agency, and DESTROYED. No money will be exchanged, until further notice. Other items, of far less importance, have been agreed to. I will be meeting now, in the Situation Room, to make a final determination. Thank you for your attention to this matter! President DONALD J. TRUMP
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Iran must agree that they will never have a Nuclear Weapon or Bomb. The Hormuz Strait must be immediately open, no tolls, for unrestricted shipping traffic, in both directions. All water mines (bombs), if any, will be terminated (we have removed, through detonation, numerous such mines with our great underwater mine sweepers. Iran will complete the immediate removal and/or detonation of any mines that are left, which will not be many!). Ships caught in the Strait due to our amazing and unprecedented Naval Blockade, which will now be lifted, may start the process of “heading home!” Say HELLO to your wives, husbands, parents, and families from me, your favorite President! The enriched material, sometimes referred to as “Nuclear Dust,” which is buried deep underground with virtually collapsed mountains, caused by our powerful B2 Bomber attack 11 months ago, sitting on top of it, will be unearthed by the United States (which, it is agreed, is the only Country, along with China, with the mechanical capability of doing so!), in close coordination and conjunction with the Islamic Republic of Iran, plus the International Atomic Energy Agency, and DESTROYED. No money will be exchanged, until further notice. Other items, of far less importance, have been agreed to. I will be meeting now, in the Situation Room, to make a final determination. Thank you for your attention to this matter! President DONALD J. TRUMP
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TRUMP: HORMUZ STRAIT TO REOPEN IMMEDIATELY FOR UNRESTRICTED SHIPPING
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TRUMP: OTHER ISSUES AGREED, FINAL DECISION PENDING
TRUMP: MEETING IN SITUATION ROOM TO MAKE FINAL DETERMINATION
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TRUMP: MEETING IN SITUATION ROOM TO MAKE FINAL DETERMINATION
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KAZAKHSTAN OFFERS TO TAKE IRAN’S URANIUM STOCKPILE, WATCHDOG SAYS - FT
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UKRAINIAN SBU CLAIMS THEY HIT A RUSSIAN GAS TERMINAL IN TEMRYUK PORT, SOUTHERN RUSSIA.
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EURO ZONE BOND YIELDS DROP FOLLOWING TRUMP'S ANNOUNCEMENT ABOUT A MEETING TO DECIDE ON THE IRAN DEAL.
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RIO TINTO STARTS $1.5 BILLION AP60 SMELTER EXPANSION IN QUEBEC, EXPECTED TO FINISH BY END OF 2026.
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CHINA’S POWERFUL REGULATOR, NATIONAL DEVELOPMENT AND REFORM COMMISSION, HAS QUESTIONED PREMIUM ZIJIN IS PAYING AS WELL AS THE GEOPOLITICAL RISKS - FT
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FARS NEWS: INFORMED SOURCES HAVE REJECTED TRUMP'S NEW CLAIMS ABOUT A POSSIBLE DEAL WITH IRAN, DESCRIBING HIS REMARKS AS 'A MIXTURE OF TRUTH AND LIES' AND AN ATTEMPT TO PORTRAY A FAKE VICTORY.
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