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A look at the experts racing to decode Trump’s tariff rules

A look at the experts racing to decode Trump’s tariff rules

By MATT SEDENSKY, Associated Press National Writer

NEW YORK (AP) — After a half-century immersed in the world of trade, customs broker Amy Magnus thought she’d seen it all, navigating mountains of regulations and all sorts of logistical hurdles to import everything from lumber and bananas to circus animals and Egyptian mummies.

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Then came 2025.

Tariffs were imposed in ways she’d never seen. New rules left her wondering what they really meant. Federal workers, always a reliable backstop, grew more elusive.

“2025 has changed the trade system,” says Magnus. “It wasn’t perfect before, but it was a functioning system. Now, it is a lot more chaotic and troubling.” read more

Wall Street at a standstill in holiday lull ahead of new US economic data

Wall Street at a standstill in holiday lull ahead of new US economic data

By ELAINE KURTENBACH and MATT OTT, Associated Press Business Writers

Markets are flat early Tuesday in holiday-thinned trading before head of the release of new data on how the U.S. economy fared in the third quarter.

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Futures for the S&P 500, the Dow Jones Industrial Average and Nasdaq are all essentially unchanged before the opening bell.

Shares of the Danish pharmaceutical company Novo Nordisk jumped more than 7% overnight after U.S. regulators approved a pill version of the blockbuster weight-loss drug Wegovy, the first daily oral medication to treat obesity. Novo’s Wegovy is a GLP-1 drug that works like widely used injectables to mimic a natural hormone that controls appetite and feelings of fullness. read more

As Orlando woos overseas visitors, Trump’s social media plan for tourists sparks concerns

As Orlando woos overseas visitors, Trump’s social media plan for tourists sparks concerns

A Walt Disney World vacation could soon come with a new U.S. government mandate for the theme park-loving British and tourists from dozens of other countries: Hand over five years of social media history.

For President Donald Trump, the proposed policy is about protecting America’s borders and enhancing security. But the travel industry worries stricter entry rules could deter well-heeled international visitors from destinations like Orlando, one of the world’s top tourism hotspots.

Though Florida is reporting record tourism, Canadian visitation dropped sharply in the wake of Trump’s tariffs and threats to annex the country as the 51st state.

Now some in the travel industry fear the proposed social media mandate, announced this month, could further damage international visitation to the United States.

David Marriott recently visited Orlando from the U.K., calling it a “trip of a lifetime” for his three children. The family spent two weeks experiencing Central Florida’s theme parks and coastline. read more

Cloudy future for bourbon has Jim Beam closing Kentucky distillery for a year

Cloudy future for bourbon has Jim Beam closing Kentucky distillery for a year

By JEFFREY COLLINS

Bourbon maker Jim Beam is halting production at one of its distilleries in Kentucky for at least a year as the whiskey industry navigates tariffs from the Trump administration and slumping demand for a product that needs years of aging before it is ready.

Jim Beam said the decision to pause bourbon making at its Clermont location in 2026 will give the company time to invest in improvements at the distillery. The bottling and warehouse at the site will remain open, along with the James B. Beam Distilling Co. visitors center and restaurant.

FILE - Jim Beam visitors center at its central distillery in Clermont, Ky. on Oct. 3, 2012. (AP Photo/Bruce Schreiner, File)
FILE – Jim Beam visitors center at its central distillery in Clermont, Ky. on Oct. 3, 2012. (AP Photo/Bruce Schreiner, File)

The company’s larger distillery in Boston, Kentucky, will continue to operate, the company said.

“We are always assessing production levels to best meet consumer demand,” the company said in a statement.

Employees at the distillery are being reassigned within the company and right now Jim Beam plans no layoffs, according to the local United Food and Commercial Workers International Union chapter that represents the workers.

Bourbon makers have to gamble well into the future. Jim Beam’s flagship bourbon requires at least four years of aging in barrels before being bottled. read more

Waymos blocked roads and caused chaos during San Francisco power outage

Waymos blocked roads and caused chaos during San Francisco power outage

By JAIMIE DING and MICHAEL LIEDTKE

SAN FRANCISCO (AP) — Many of Waymo’s self-driving cars blocked streets of San Francisco during a mass power outage Saturday and forced the company to temporarily suspend service, raising questions about the cars’ ability to to adapt to real-world driving conditions.

Social media users posted videos of Waymos as they encountered traffic lights that were off. Some cars’ hazard lights blinked and they abruptly stopped in place, failing to cross the intersection. Others stopped in the middle of the intersection, forcing other cars to swerve around them.

The power outage affected 130,000 homes and businesses in San Francisco, nearly one-third of the customers served by Pacific Gas and Electric Co. It was caused by a fire at a power substation, officials said. On Monday, the utility company was still working to restore power to thousands of customers.

Waymo operates hundreds of robotaxis in San Francisco, but it wasn’t clear how many cars were on the road at the time of the outage. The company paused service Saturday evening and resumed it Sunday afternoon. read more