Morning Brew Daily US and China Agree to Slash Tariffs & Time to Overhaul Air Traffic Control?
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May 12, 2025 The conversation kicks off with the U.S. and China agreeing to cut tariffs, easing trade tensions—a move that could benefit businesses. Newark Airport faces yet another flight fiasco, pushing the government to propose a much-needed air traffic control overhaul. Elizabeth Holmes’ husband is back in the spotlight raising funds for a new startup, reminiscent of her controversial history. On the cultural side, baby names like Olivia and Liam continue to trend, influenced by media and societal shifts.
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US-China Tariff Truce
- The US and China agreed to significantly reduce tariffs for 90 days, easing import fees and tensions.
- This temporary tariff reduction will likely accelerate demand as businesses rush shipments during negotiations.
Newark Air Traffic System Crisis
- Newark Airport's aging air traffic control system is causing severe delays and ground stops.
- The FAA plans a costly overhaul including new radars and wireless systems, but fixes will take weeks.
FTC Cracks Down on Hidden Fees
- Companies must clearly display total prices including fees before payment, avoiding vague terms like "convenience fees".
- This FTC rule combats bait and switch pricing tactics common in ticket and rental industries.