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US judge rejects Musk’s bid to free tweets from oversight

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Elon Musk, the new owner of Twitter, must still have his posts about his electric car firm Tesla pre-approved after a US judge denied a request to free him from control on Wednesday.

Musk filed a motion last month to lift Securities and Exchange Commission (SEC) restrictions imposed after a 2018 tweet in which he claimed to have secured funds to take Tesla private but failed to produce proof or file paperwork with the securities regulator.

The post, which prompted wildly fluctuating stock prices, was judged “false and deceptive,” and Tesla shareholders have accused the company of securities fraud.

Musk was also charged with fraud by the SEC, and was required to resign as chair of Tesla’s board of directors, pay a $20 million fine, and have his tweets directly connected to the company’s operations pre-approved by a competent lawyer after another embarrassing remark in early 2019.

Musk said that he was compelled to agree to the deal and that he has never lied to shareholders.

However, “Musk’s claim that he was the victim of economic duress is wholly unpersuasive,” Judge Lewis Liman wrote in his ruling.

The judge said Musk’s argument that the SEC has used the agreement “to harass him” and investigate his speech is “meritless” and “particularly ironic,” since free speech rights do not allow him to make statements that are “considered fraudulent” or violate securities laws.

“Musk cannot now seek to retract the agreement he knowingly and willingly entered by simply bemoaning that he felt like he had to agree to it at the time but now — once the specter of the litigation is a distant memory and his company has become, in his estimation, all but invincible — wishes that he had not.”

The judge also rejected Musk’s request to quash part of the SEC’s demand for documents about his November 6, 2021 tweet calling for followers to vote on whether he should sell 10 percent of his Tesla stock.

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Trump calls for Keystone XL pipeline plans to be revived

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Trump’s historic New York hush money trial begins with jury selection

U.S. President Donald Trump has called for the revival of the Keystone XL pipeline, which would carry oil from Canada to the U.S.

Trump took to his online platform Truth Social to urge the company building the pipeline to come back to America.

“The Trump administration is very different, easy approvals, almost immediate start.

“If not them, perhaps another pipeline company. We want the Keystone XL pipeline built,’’ he said.

The pipeline, first proposed in 2008, has been controversial from the start.

It would carry crude oil from oil sands in Alberta, Canada to Nebraska in the Midwestern U.S., where it would link up existing pipelines that connect to the Gulf of Mexico and the Mississippi River.

It was opposed by environmental groups and Native American tribes.

A long-standing battle between the oil industry and environmentalists trickled into politics and U.S. and Canadian courts.

Then U.S. president, Barack Obama, rejected the project in 2015 due to environmental concerns before Trump revived it during his first term in office.

Then, in one of his first actions as U.S. president in 2021, Joe Biden revoked Trump’s permit for the pipeline, stating that its construction was not consistent with his administration’s economic and climate goals.

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Trump plans 25% tariffs on steel, aluminium imports

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U.S. President Donald Trump plans to impose tariffs of 25 per cent on steel and aluminium imports into the United States, he said on Sunday.

“Any steel coming to the United States is going to have them, 25 per cent tariff,” Trump said, according to journalists travelling with the president. When questioned about tariffs on aluminium imports, Trump replied, “25 Per cent for both.”

Trump also confirmed his plan to announce further reciprocal tariffs in the coming week.

He spoke of an announcement on Tuesday or Wednesday.

“Very simply, if they charge us, we charge them, Trump told reporters, adding that the tariffs would go into effect almost immediately.”

U.S. tariffs of 10 per cent on Chinese goods took effect from Feb. 4.

The planned tariffs of 25 per cent on Mexico and Canada were suspended for an initial period of 30 days following promises from the two countries to increase border security measures.

Trump won November’s presidential election promising to slap high tariffs on foreign goods to reduce U.S. trade deficits.

He implemented a number of duties during his first term from 2017 to 2021.

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U.S. president considering 25% tariffs on Canada, Mexico starting in February

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Trump’s historic New York hush money trial begins with jury selection

Donald Trump said tariffs of 25 per cent on products from Canada and Mexico could be introduced as early as February, hours after taking office as US president on Monday.

Speaking at the White House while signing various orders shortly after his inauguration, Trump said, “We’re thinking in terms of 25 per cent on Mexico and Canada, because they’re allowing vast number of people … to come in.”

“I think we’ll do it Feb. 1,” Trump added, referring to the potential start date for the tariffs.

Earlier on Monday, the Wall Street Journal reported that Trump did not intend to impose tariffs on trading partners like Canada, Mexico, and China.

Instead, he planned to instruct the authorities to assess trade relations with China and its neighbours on the North American continent, the Wall Street Journal reported, citing a summary of a planned memorandum and Trump’s advisers.

Shortly after winning the election in November, Trump threatened to impose tariffs on goods from Canada, Mexico, and China.

There are also fears in the EU that Trump could impose new tariffs.

Tariffs are a type of surcharge on imported goods. They are paid as goods enter the country.

Trump imposed a range of tariffs on imported goods during his first term in office from 2017 to 2021.

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