Mexico

Frontrunning: May 25

  • World stocks hit record after Fed minutes (Reuters)
  • OPEC extends oil output cut by nine months to fight glut (Reuters)
  • Father and Brother of Manchester Bomber Arrested in Libya (BBG)
  • In testing Montana vote for Trump, Republican caught up in brawl (Reuters)
  • NATO to Take New Counterterrorism Measures (WSJ)

China Imposes Sugar Import Tariffs As High As 95%

China, the world's top importer of sugar, announced it would impose substantial tariffs on sugar imports after lobbying by domestic mills: after Monday's ruling, the total sugar duty will nearly double, with Beijing imposing an additional 45% tax to these imports in the current fiscal year taking the total to 95%.

Trump Saves Obamacare Again... For Now

The Trump administration and the House have officially asked for another 90 days to work out a lawsuit over subsidies that help poorer people afford to use their Obamacare insurance plans, further delaying a long-running legal fight that’s already destabilizing the health law.

McMaken: Dismantle The FBI, And Give Its Money Back To The States

With James Comey's firing, we're told the FBI is in turmoil, and Washington DC cocktail parties are all atwitter over the excitement of the scandal. But don't worry about the FBI. If history has proved anything, the Bureau, no matter how much chaos it may endure, can always rely on a fat check from Congress - funded by the American taxpayers.