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Trump declines to rule out 2025 US recession
Trump declines to rule out 2025 US recession
by  AFP

President Donald Trump declined in an interview aired Sunday to rule out the possibility that the United States might enter a recession this year. But Trump's commerce secretary, Howard Lutnick, was more definitive when asked Sunday about the possibility of a recession.

US ends waiver for Iraq to buy Iranian electricity
US ends waiver for Iraq to buy Iranian electricity
by  AFP

Washington has declined to renew a sanctions waiver that allowed Iraq to buy electricity from neighbouring Iran, a spokesperson for the American embassy in Baghdad said on Sunday. "On March 8, the U.S. Department of State did not renew the waiver for Iraq to purchase Iranian electricity," the US embassy spokesperson said.

China-US trade war heats up with Beijing's tariffs to take effect
China-US trade war heats up with Beijing's tariffs to take effect
by  AFP

Trade tensions between the world's two leading economies are set to escalate on Monday, as Beijing begins levying tariffs on certain US agricultural goods in retaliation for President Donald Trump's latest hike on Chinese imports. After imposing a blanket 10 percent tariff on all Chinese goods in early February, Trump hiked the rate to 20 percent last week.

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