Latest news with #ExecutiveOrder
UPI
6 hours ago
- Business
- UPI
Trump to pause new tariffs on Mexico for 90 days
President Donald Trump in the Roosevelt Room of the White House in Washington, D.C. on Wednesday. Photo by Yuri Gripas/UPI | License Photo July 31 (UPI) -- President Donald Trump announced Thursday that he won't raise tariffs on Mexican goods Friday for 90 days, in hopes that a new trade deal can be arranged. Trump posted to his Truth Social account that he had spoken with Mexican President Claudia Sheinbaum on the phone, in a call he described as "very successful in that, more and more, we are getting to know and understand each other." Sheinbaum also spoke of the call Thursday, posting to X that "We had a very good call with the President of the United States, Donald Trump." "We avoided the tariff increase announced for [Friday] and secured 90 days to build a long-term agreement through dialogue," she added. "The complexities of a deal with Mexico are somewhat different than other nations, because of both the problems, and assets, of the Border," Trump said. "We have agreed to extend, for a 90 day period, the exact same deal as we had for the last short period of time, namely, that Mexico will continue to pay a 25% fentanyl tariff, 25% tariff on cars, and 50% tariff on steel, aluminum, and copper." The "25% fentanyl tariff" refers to a levy described in an Executive Order Trump put forth in February as applicable to "goods entered for consumption, or withdrawn from warehouse for consumption" from Mexico as a punitive measure based on allegations that Mexico failed "to devote sufficient attention and resources to meaningfully stem the tide of unlawful migration and illicit drugs." Trump also said that in return for the 90-day pause, Mexico has agreed to "immediately terminate its non-tariff trade barriers, of which there were many." He further noted that there will be "continued cooperation on the border as it relates to all aspects of security, including drugs, drug distribution, and illegal immigration into the United States."
Cision Canada
10 hours ago
- Business
- Cision Canada
U.S. Drone Industry Investment Surging Amid Sweeping Legislative Reforms
NEW YORK, /CNW/ -- A recent article from drone industry insider, said that: "The drone industry in the United States is experiencing a surge in investment and capital flow, as a series of legislative measures and executive directives reshape the procurement and manufacturing environment for both established and emerging drone companies. Recent months have brought a flood of funding announcements, with sector analysts citing a direct connection to strengthened national policy and focused government demand." It continued: "May through July 2025 have seen major investment rounds for American drone manufacturers and allied suppliers. Standout examples include Firestorm Labs' $47 million Series A —led by major defense and technology investors—intended to accelerate domestic, modular drone production for federal contracts. Quantum Systems, a key player in dual-use and military aviation technologies, completed a €160 million Series C round in May 2025, further underlining investor appetite for companies positioned to serve government needs. Likewise, Unusual Machines (UMAC) witnessed a dramatic 40% surge in its stock price following announcements of expanded Pentagon procurement budgets and relaxed purchasing rules. High-profile public offerings, such as AIRO Group 's successful IPO in June, have been accompanied by substantial private and public funding across the sector, with analysts on platforms like Nasdaq noting a sharp spike in capital formation and confidence among U.S.-based drone firms." Active Companies in the Drone Industry today include ZenaTech, Inc. (NASDAQ: ZENA), EHang Holdings Limited (NASDAQ: EH), AeroVironment, Inc. (NASDAQ: AVAV), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), Draganfly Inc. (NASDAQ: DPRO). also discussed The Legislative Engine Behind The Sector's Momentum, saying that: "This wave of investment activity is not happening in a vacuum. It traces directly to a package of legislative and regulatory moves in Washington, including: Executive Order: " Unleashing American Drone Dominance" (June 2025), which mandates prioritization of U.S.-made drones for all federal agencies, streamlines procurement processes, and introduces targeted funding lines for "consumable" drone assets. - DoD Procurement Directive (July 2025), which accelerates purchase timelines and expands budgets, ensuring military branches can rapidly deploy domestically produced drone platforms. - FY2025 National Defense Authorization Act (NDAA) and accompanying tariffs and restrictions, which impose new barriers on foreign drones and provide direct grant support to American manufacturers. - Grant Programs under new acts, allowing state and municipal agencies to tap federal funding for the procurement of American drones, exponentially widening total addressable demand." It concluded: "These sweeping actions have collectively signaled to investors that government commitment to domestic drone production is not only robust but rapidly escalating. Multiple funding announcements and investor statements specifically cite these legislative shifts as underpinning new rounds of capital deployment." ZenaTech (NASDAQ:ZENA) ZenaDrone Initiates AUVSI Membership Upgrade, Enabling Leadership on Drone Policy and Strengthening US Defense and Government Engagement - ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a business technology solution provider specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, today announces its drone subsidiary ZenaDrone has initiated upgrading its membership to the Advocacy level with the influential Association for Uncrewed Vehicle Systems International (AUVSI), enabling it to join both the Defense Advocacy Committee and Air Advocacy Committee. This upgrade enables the company to engage alongside top US drone and defense innovators, such as Skydio, Anduril, Leidos and Shield AI, to elevate its leadership role in shaping critical drone policy and procurement as well as deepening relationships with important stakeholders and decisionmakers. "This is a clear investment in speed to market and long-term procurement success," said Shaun Passley, Ph.D., ZenaTech CEO. "By joining AUVSI's Defense and Air Advocacy Committees, ZenaDrone gains direct access to the policy, compliance, and acquisition conversations that shape Department of Defense agency procurement. It positions us alongside trusted defense leaders and innovators, accelerating our path to Green and Blue UAS certification by strengthening our ability to meet the security, interoperability, and regulatory expectations of federal buyers and leverage growth opportunities." Through an upgraded Advocacy membership, ZenaDrone will be able to collaborate with AUVSI's network of industry leaders and regulators to influence federal drone policies and shape the future of the drone industry in the US. This participation provides direct access to federal decision-makers, enabling influence on key policy areas such as BVLOS (Beyond Visual Line of Sight) regulation and streamlined procurement, while ensuring the company's drone platforms remain aligned with the evolving operational needs and priorities of US defense and government agencies. This involvement comes at a pivotal time, as recent Executive Orders and policy directives from the White House and Department of Defense accelerate support for NDAA-compliant, secure, and domestically produced drone technologies. These directives now move toward implementation, requiring practical policy frameworks and procurement processes—an area where ZenaDrone aims to contribute meaningfully. Founded in 1972, AUVSI is the largest nonprofit advancing uncrewed and autonomous systems through innovation, policy, and collaboration. It connects government, industry, and academia to drive safe, efficient integration of emerging technologies. The Air Advocacy Committee shapes policies to expand drone operations in national airspace, while the Defense Advocacy Committee influences defense acquisition policies and promotes NDAA-compliant drone technology. Continued… Other developments in the drone/UAV & Military industries include: Draganfly Inc. (NASDAQ: DPRO), an award-winning developer of drone solutions and systems developer, recently announced the sale of Commander 3XL Unmanned Aerial Vehicle (UAV) systems to a globally recognized defense contractor specializing in persistent surveillance technologies for military operations. A trusted partner to U.S. and allied defense forces for decades, the client is one of the world's leading providers of persistent surveillance platforms. Its systems are deployed across key Department of Defense (DoD) and allied installations, delivering reliable, persistent intelligence, surveillance, and reconnaissance (ISR) capabilities. The Commander 3XL's modular payload architecture, extended endurance, and AI-enabled mission control make it an ideal asset for military-grade surveillance programs. The systems will support perimeter security, early warning, and real-time situational awareness, operating seamlessly alongside and integrated with persistent platforms and ground-based command centers. EHang Holdings Limited (NASDAQ: EH), the world's leading urban air mobility ("UAM") technology platform company, recently announced that it has entered into a strategic partnership agreement with Reignwood Aviation Group. Leveraging their respective strengths, the two parties will collaborate under China's national strategy for developing the low-altitude economy, guided by the principles of technology empowerment, scenario-driven innovation, and global expansion. Together, they aim to set a global standard for integrating traditional general aviation with next-generation electric vertical take-off and landing ("eVTOL") aircraft. According to the agreement, Reignwood Aviation Group plans to deploy eVTOLs at scale, prioritizing at its operational hubs in key cultural and tourism destinations. The partnership will begin with consumer-facing applications such as low-altitude tourism and related ground services. Over time, the cooperation will further expand to UAM field to build a three-dimensional urban transportation network. In the long term, the two parties aim to expand to more scenarios and low-altitude services including passenger transportation, aerial logistics, emergency response, etc. AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain autonomous systems, recently revealed Skyfall—a potential future mission concept for next-generation Mars Helicopters developed with NASA's Jet Propulsion Laboratory (JPL) to help pave the way for human landing on Mars through autonomous aerial exploration. The concept is heavily focused on rapidly delivering an affordable, technically mature solution for expanded Mars exploration that would be ready for launch by 2028. Skyfall is designed to deploy six scout helicopters on Mars, where they would explore many of the sites selected by NASA and industry as top candidate landing sites for America's first Martian astronauts. While exploring the region, each helicopter can operate independently, beaming high-resolution surface imaging and sub-surface radar data back to Earth for analysis, helping ensure crewed vehicles make safe landings at areas with maximum amounts of water, ice, and other resources. The data Skyfall collects could also advance the nation's quest to discover whether Mars was ever habitable. Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Global Markets, recently announced that it will publish financial results for the second quarter 2025 after the close of market on Thursday, August 7th. Management will discuss the Company's operations and financial results in a conference call beginning at 2:00 p.m. Pacific (5:00 p.m. Eastern). The call will be available at Participants may register for the call using this Online Form. Upon registration, all telephone participants will receive the dial-in number along with a unique PIN that can be used to access the call. For those who cannot access the live broadcast, a replay will be available on Kratos' website. DISCLAIMER: (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU'S market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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Indian Express
19 hours ago
- Business
- Indian Express
‘Stem revenue that regime uses to support terrorism': Six Indian firms face US sanctions over ‘Iran oil trade'
The United States Wednesday sanctioned four India-based companies over their alleged involvement in trade and transportation of Iranian crude oil and petroleum products. The US Treasury said it was the most significant Iran-related sanctions action since 2018, during President Donald Trump's first administration. The State Department said multiple companies in India, the United Arab Emirates, Türkiye and Indonesia are being designated for their significant sales and purchases of Iranian-origin petrochemical products. Explaining the imposition of the sanctions, the US state department said: 'The Iranian regime continues to fuel conflict in the Middle East to fund its destabilizing activities. Today, the United States is taking action to stem the flow of revenue that the regime uses to support terrorism abroad, as well as to oppress its own people. The Department of State is imposing sanctions on 20 entities engaged in Iranian petroleum, petroleum products, or petrochemical trade and is identifying 10 vessels as blocked property.' It added: 'All targets are being designated pursuant to Executive Order (E.O.) 13846, which authorises and reimposes certain sanctions with respect to Iran.' The state department further stated that the 'action includes the designation of thirteen entities across multiple jurisdictions, which have engaged in the transshipment, sale, and purchase of Iranian-origin petrochemicals.' 'Similar to the regime's illicit oil exports, Iranian petrochemical products are frequently transshipped through intermediaries in third countries in attempts to obfuscate their origin before the products reach their ultimate buyers. Today's action targets those intermediaries, as well as the buyers of Iranian petrochemical products,' the statement read. The six Indian firms that have been hit with sanctions: Kanchan Polymers: The company has been accused of importing and purchasing over $1.3 million worth of Iranian-origin petrochemical products, including polyethylene, from Tanais Trading, another firm that has been hit by the sanctions. Alchemical Solutions Private Limited (Alchemical Solutions): A petrochemical trading company that has imported and purchased Iranian-origin petrochemical products worth over $84 million from multiple companies between January and December 2024. Ramniklal S Gosalia and Company (Ramniklal): A petrochemical company that imported and purchased Iranian-origin petrochemical products valued at over $22 million, including methanol and toluene, from multiple companies between January 2024 and January 2025. Jupiter Dye Chem Private Limited (Jupiter Dye Chem): This petrochemical trading company has imported and purchased Iranian-origin petrochemical products, including toluene, valued at over $49 million from multiple companies between January 2024 and January 2025 Global Industrial Chemicals Limited (Global Industrial): The company has allegedly imported and purchased Iranian-origin petrochemical products, including methanol, worth over $51 million from multiple companies, between July 2024 and January 2025. Persistent Petrochem Private Limited: The company has been accused of importing approximately $14 million worth of shipments containing Iranian-origin petrochemicals, such as methanol, from multiple companies, including from Bab al Barsha, with shipping dates between October 2024 and December 2024. As a result of the sanctions-related actions, all property and interests in property of the designated persons that are in the United States or in possession or control of US persons are blocked and must be reported to the Department of Treasury's Office of Foreign Assets Control. The United States will continue to impose maximum pressure on the Iranian regime until Iran accepts a deal that advances regional peace and stability and in which Iran forgoes all aspirations of a nuclear weapon, the state department statement read. 'Today's actions underscore our resolve to target those who enable Iran's illicit oil and petrochemical trade and to cut off the regime's means of funding its destabilising activities,' the State Department said. In February, the US had sanctioned four India-based companies — Navi Mumbai-based Flux Maritime LLP, National Capital Region-based BSM Marine LLP and Austinship Management Pvt Ltd, and Thanjavur-based Cosmos Lines — for being commercial or technical managers of vessels allegedly involved in transportation of Iranian oil and petroleum products.
News18
21 hours ago
- Business
- News18
Trump Signs Executive Order Imposing 50% Tariff On Brazil, Cites Threat To National Security
US President Donald Trump has signed an executive order imposing a 50 per cent tariff on Brazil. US President Donald Trump on Wednesday signed an executive order imposing a 50 percent tariff on Brazil, the White House stated. According to a fact sheet of the order released by the White House, the decision was made based on the recent policies, actions, and practices by the Brazilian government that, according to the US, showed an exceptional and significant threat to its national security, foreign relations, and economic interests. 'President Donald J. Trump signed an Executive Order implementing an additional 40 percent tariff on Brazil, bringing the total tariff amount to 50 percent, to deal with recent policies, practices, and actions by the Government of Brazil that constitute an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States," the statement read. As per the order, the Brazilian government's policies and actions had negatively impacted US businesses. The Brazilian policies have also undermined the free speech rights of US citizens, threatening US foreign policy and economic interests. The White House further termed the Brazilian government's legal actions against its former President Jair Bolsonaro and his supporters as human rights violations that have weakened the rule of law in the South American country. Earlier in the month, Trump threatened a 50 per cent tariff on imports from Brazil, starting August 1 and called for the end of the trial for the far-right leader Bolsonaro, who had bragged about his closeness to Trump, calling the trial a 'witch hunt". Meanwhile, the announcement of the increased tariff rate came on the same day the US imposed sanctions on Brazilian Justice Alexandre de Moraes. The US had also earlier announced visa restrictions against Moraes and other court officials involved in Bolsonaro's trial. (With agency inputs) view comments First Published: July 31, 2025, 07:50 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Indian Express
a day ago
- Business
- Indian Express
Trump announces 50% tariff on Brazil, excludes key sectors like aircraft, energy
US President Donald Trump on Wednesday signed an executive order imposing a 50% tariff on most Brazilian goods in order to fight what he called a 'witch hunt' against former President Jair Bolsonaro effective August 1, but excluded some key sectors like energy, aircraft, and orange juice from heavier tariffs. In a letter on July 9, President Trump had threatened Brazil's President Luiz Inacio Lula da Silva with higher tariff levies which was based on an earlier executive order that said trade imbalances were a threat to the US economy. However, a US Census Bureau report said that the US ran a $6.8 billion trade surplus with Brazil in 2024. Trump's announcement of a 50% tariff on Brazil is one of the steepest levies imposed on any country in the US trade war as the Trump administration also sanctioned the Brazilian supreme court justice who was overseeing former Brazil President Bolsonaro's trial on charges of plotting a coup. President Trump signed an Executive Order addressing threats by the Government of Brazil & safeguarding U.S. interests, which: ➡️ Imposes an additional 40% tariff on Brazilian imports. ➡️ Declares a national emergency to address Brazil's policies that violate human rights. — The White House (@WhiteHouse) July 30, 2025 'Alexandre de Moraes has taken it upon himself to be judge and jury in an unlawful witch hunt against US and Brazilian citizens and companies,' said US Treasury Secretary Scott Bessent in a statement. The executive order would apply an additional 40% tariff on the baseline of 10% tariff which is already in place since April. However, not all the goods imported from Brazil would face the additional 40% sanction. Civil aircraft and parts, aluminum, tin, wood pulp, energy products and fertilizers are among the products that are excluded and would attract the 10% baseline tariff. The increased tariffs on Brazil appears to be triggered by non-economic matters. But the new tariff rates announced for Brazil would go into effect from August 6, and not on August 1 as Trump announced originally. Brazilian Minister of Foreign Affairs Mauro Vieira said that he met US Secretary of State Marco Rubio on Wednesday to assure that Brazil would like to negotiate the tariffs.
