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The Trump Administration Has Decided Not to Extend USMCA Trade Deal

The United States has declined to extend the U.S.-Mexico-Canada Agreement (USMCA) during its mandatory six-year review, launching a 10-year countdown that could ultimately bring an end to the agreement unless the three countries agree to significant revisions. The move, announced Wednesday by the Trump administration, does not immediately terminate the agreement. Instead, it activates the treaty’s “sunset clause,” requiring annual reviews until 2036 unless the United States, Mexico, and Canada reach a consensus on extending the pact for another 16 years. The decision injects fresh uncertainty into one of the world’s largest trading blocs, which governs nearly $2 trillion in annual trade among the three nations. The Trump Administration Has Decided Not to Extend USMCA Trade Deal. Now A Countdown Begins to Change It | IBTimes

America Signs Semiconductor Trade Deal with Taiwan

This unprecedented commitment will strengthen U.S. economic resilience, create high-paying jobs, and bolster national security. The agreement establishes a strategic economic partnership between the United States and Taiwan to decisively strengthen U.S. domestic semiconductor supply chains and secure America’s technological and industrial leadership. Taiwan will facilitate U.S. investment in the Taiwanese semiconductor, AI, defense technology, telecommunications, and biotechnology industries to expand market access for American companies, deepen technological collaboration, and strengthen U.S. leadership in critical and emerging industries. The agreement will enhance balanced trade through a predictable tariff framework. America Signs Semiconductor Trade Deal With Taiwan – electrifiED

Trump Announces ‘Full and Complete Trade Deal’ with South Korea

The announcement comes days after Trump secureda major trade deal with the European Union that lowered tariff rates to 15% in exchange for investments in U.S. energy and other goods. Trump’s deal with South Korea is similar in that it lowers the tariff on the country from 25% to 15%, and includes investment in U.S. energy.  South Korea will purchase $100 Billion Dollars of LNG, or other Energy products and, further, South Korea has agreed to invest a large sum of money for their Investment purposes. “All of this will help reduce our Trade Deficit in a very major way” Trump said. Trump announces ‘full and complete trade deal’ with South Korea | Just The News

The Creator of Baby Ruth Actually Sued Babe Ruth –The Baby Ruth candy bar was created by the Curtiss Candy Company in 1920 — the same year that baseball legend Babe Ruth hit a then-record 54 home runs. But the Great Bambino was irked that the company was selling a candy bar with such a similar name to his own without offering him any royalties. Rather than take the Curtiss Candy Company to court, the Sultan of Swat decided to make his own candy bar, and in 1926 he debuted Ruth’s Home Run bar. The Curtiss Candy Company responded by turning the tables and taking Ruth to court. They accused the slugger of trying to steal their trademark and capitalize on the success of their brand. In a 1931 deposition, Curtiss founder Otto Schnering insisted the candy was named after “Baby Ruth” Cleveland — the daughter of President Grover Cleveland.  He also attested that the company came up with the name in 1919 before the baseball player had become a household name and that the name was merely coincidental. While the validity of those claims is disputed to this day, the court nonetheless ruled in favor of the candy company, forcing Ruth to end his foray into the world of candy.