Trump signs order imposing new tariffs on a number of trading partners that go into effect in 7 days

WASHINGTON (AP) — President Donald Trump has signed an executive order that would have new tariffs on a wide swath of U.S. trading partners to go into effect in seven days — the next step in his trade agenda that will test the global economy and alliances. The order was issued Thursday evening, following a series of tariff-related activities as the White House reached agreements with various nations. Trump also announced a 90-day negotiating period with Mexico, keeping the current 25% tariff rates. The tariffs are set to take effect Friday, with countries notified of their rates. Trump has reached deals with South Korea, the European Union, Japan, and others. The tariffs aim to address trade imbalances and issues like fentanyl trafficking.

The Latest: US trade partners around the world react to Trump's new tariffs

U.S. trade partners around the world are reacting to President Donald Trump’s executive order that would introduce new tariffs on many of them in seven days. The order on Thursday night came after a flurry of tariff-related activity in recent days, as the White House announced agreements with various nations and blocs ahead of Trump’s self-imposed Aug. 1 deadline. The vast majority of nations continue to face uncertainty ahead of the coming deadline. And while handful of trade deals have trickled in, many details remain hazy — with businesses around the world bracing for more price hikes regardless. Meanwhile, Trump’s overhaul of American trade policy has not gone unchallenged in federal court.

Stanford hires former Nike CEO John Donahoe as athletic director

STANFORD, Calif. (AP) — Former Nike CEO John Donahoe has been hired as Stanford's athletic director. He will officially start on September 8th, replacing Bernard Muir. Donahoe, a Stanford Business School graduate, previously led Nike, ServiceNow, and eBay. Stanford President Jon Levin praised Donahoe's vision and strategic acumen. Donahoe expressed excitement about enhancing Stanford Athletics and supporting student-athletes. Stanford's athletic program is highly successful, with 137 NCAA team titles. However, the football and men's basketball teams have struggled recently. The school hired Andrew Luck to oversee football, aiming to improve performance.

Appellate judges question Trump's authority to impose tariffs without Congress

WASHINGTON (AP) — Appellate court judges are expressing skepticism over President Donald Trump’s legal rationale for his broadest batch of tariffs. An 11-judge panel of the U.S. Court of Appeals for the Federal Circuit repeatedly questioned the administration’s use of the International Emergency Economic Powers Act to justify its so-called “Liberation Day” round of tariffs in April. The Trump administration contends the U.S. trade deficit qualifies as a national emergency under the 1977 law. An attorney for the administration acknowledged no president has used the law in the same way but contended it was nonetheless lawful.

Dozens of countries with no deals face new tariffs as trade deadline looms

WASHINGTON (AP) — Numerous countries around the world are facing the prospect of new tariffs on their exports to the United States on Aug. 7 because they haven’t yet reached a trade deal with the Trump administration. Countries without an agreement face duties ranging between 10% and 40%, according to Trump’s executive order signed on Thursday. That includes large economies such as Canada, Taiwan, and India, as well as many smaller countries like South Africa, Sri Lanka, Bangladesh, and even tiny Lesotho.

Apple overcomes Trump's trade war, slow start in AI to deliver surprisingly strong quarter

SAN FRANCISCO (AP) — Apple shook off a thicket of tariffs and a botched entry into artificial intelligence to accelerate its revenue growth during its springtime quarter, but the trendsetting company still faces a bumpy road ahead that could lead to higher iPhone prices. The April-June results released Thursday came against a backdrop of adversity that has been raising worries about the trajectory of a longtime tech kingpin. Despite the doubts, Apple remains a moneymaking machine. The company’s profit and revenue growth from a year ago both easily exceeded analyst projections, boosted by a 13% increase in iPhone sales. The performance boosted Apple’s slumping stock by about 3% in extended trading.

China summons Nvidia over 'backdoor safety risks' in H20 chips

WASHINGTON (AP) — China's cyberspace regulators have summoned Nvidia over security concerns about its H20 chips. They claim the chips can be tracked and turned off remotely. The meeting took place on Thursday, with regulators demanding explanations and materials from Nvidia. This comes two weeks after the U.S. lifted a block on the chips, allowing Nvidia to resume sales in China. The situation highlights ongoing tech tensions between the U.S. and China. Concerns over chip tracking and security have been raised by both Chinese regulators and U.S. lawmakers. The sale of advanced chips to China remains banned by the U.S.

China's fiery baijiu spirit evolves to attract younger drinkers

BEIJING (AP) — The traditional Chinese spirit baijiu is being reinvented to attract younger generations. Distilled from sorghum, this potent liquor is often used in toasts and drinking games. However, its consumption has dropped due to economic factors and changing social norms. Younger people are opting for healthier lifestyles and different drinks like whiskey or non-alcoholic options. In response, baijiu makers are innovating with products like baijiu-flavored ice cream and cocktails. Brands like Jiangxiaobai are targeting youth with fruit-infused versions, ice cream flavors and trendy packaging. Baijiu makers are quietly finding new ways to stay relevant.

More American couples are turning to Italy's 'dolce vita' in a quest for memorable weddings

FLORENCE, Italy (AP) — Italy is becoming a top destination for American couples tying the knot. Over 15,000 couples have chosen Italy for their weddings in 2024, marking an 64% increase from 2019. Growth was led by U.S couples, who account for almost one-third of that total. The  trend reflects a growing desire for unique experiences, driven by the "experience economy" mindset. Couples are drawn to Italy's romantic allure, stunning landscapes, and delicious cuisine. The shift has been a boon for wedding planners and local vendors. One company says American clients spend three times as much as Italians, due to more elaborate wedding decor and other events.

Two pubs claim to be London's oldest riverside pub. Which one is right?

LONDON (AP) — Two pubs in London's East End are vying for the title of the city's oldest riverside pub. The Mayflower and the Prospect of Whitby both claim this honor. The Mayflower, named after the Pilgrim Fathers' ship, features historical artifacts and a "Descendants Book" for those linked to the Pilgrims. Across the Thames River, the Prospect of Whitby boasts a long pewter bar and a history tied to the infamous "Execution Dock." Despite the rivalry, both pubs embrace their rich histories to attract visitors. The debate over the title remains unresolved due to historical complexities and lack of official certification.