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Hegseth blasts NATO allies, says US will review forces in Europe
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Cuban economy needs 'urgent changes' to overcome crisis: president
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Greenland sees wildfires earlier in the year
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US Open resumes after two-hour fog delay
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The vaccines and treatments being developed for Ebola outbreak
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Spanish king to visit Mexican president on June 25 as ties improve
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Ton-up Phillips stars for New Zealand against England
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Wahi denied Canadian visa for Ivory Coast World Cup clash with Germany
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Swiss central bank holds interest rates, with eye on currency risks
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S.African sentenced in 'world's largest' rhino trafficking case
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Bank of England follows Fed in holding interest rate
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Bittersweet World Cup for Gaza's football fans
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Trump defends Iran deal from critics he calls 'fools'
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New heatwave disrupts trains, schools in France
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German chemical company to cut 3,200 jobs as crisis worsens
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Starmer's Labour rival eyes win in UK poll key to PM's fate
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Oil falls further on Mideast deal, but Fed outlook knocks equities
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Mexico, Korea eye World Cup knockout berths
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IAEA ready to help define 'concrete steps' to implement US-Iran deal
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Ibrahima Konate signs four-year deal with Real Madrid
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Hegseth tells NATO US will review force presence in Europe
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Innovations on show at Paris Vivatech fest
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Ukraine sets Moscow refinery ablaze in biggest attack in years
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Bird flu kills 13,000 seal pups on remote Australian island
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Oil prices sink further as Trump signs deal to reopen Hormuz
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South Korean lawmakers launch probe into ballot paper shortages
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Starmer rival seeks win in UK poll pivotal to PM's fate
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Taiwan president says hopes for $14 bn US arms sale 'as soon as possible'
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New wave of anti-LGBTQ laws sweeps Africa
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Ukraine hopes renewables can Russia-proof power grid
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Jubilant New York on guard for Knicks parade
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New Zealander Manu has 'no fear' of Toulouse before Top 14 semi
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Drastic restrictions on public transport take effect in Cuba
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Pain-riddled South Korean man fights for right to die
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Cuba approves economic reforms to boost private sector, investment: state TV
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India learns to live with hotter summers
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'Retired' Wallaby Slipper, 37, set for shock international comeback
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EU wrestles over how to tackle China export flood
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Tartan Army takes over Boston as Scotland fans relish World Cup return
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Comedian Jordan Klepper wishes satire was harder in age of Trump
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Birthright citizenship helps spark US World Cup run
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Ghana beat Panama 1-0 in World Cup opener after injury-time winner
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Castro gives crucial backing to Cuba reforms
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Jericho Energy Ventures Grants Incentive Stock Options
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Spirit Blockchain Capital Announces Shares For Services Issuance
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AI Financial Corporation Integrates USDU Stablecoin to Expand Regulated Digital Asset Settlement Capabilities in the UAE
Trump to scrap Biden's fuel-economy standards
President Donald Trump's administration is set to revoke tougher fuel-economy standards put in place by his predecessor Joe Biden, in a move it says will lower car prices, an official said Wednesday.
Trump will be joined in the Oval Office mid-afternoon by the CEOs of Ford and Stellantis, and a General Motors' official, to announce the rollback -- with the presence of the so-called "Big Three" automakers signaling critical industry buy-in.
"Joe Biden's fuel efficiency regulations would have raised the cost of a new vehicle by $1,000," the White House said on X, adding that Trump's reset would save Americans $109 billion.
The reset concerns Corporate Average Fuel Economy (CAFE) standards, which date back to 1975, when the United States was hit by the Arab oil embargo, and regulate how far vehicles must travel on a gallon of fuel.
The full extent of the move wasn't immediately clear.
But the Trump administration has repeatedly signaled its opposition to efficiency increases enacted under Biden. The latter sought to boost it eight percent annually for model years 2024–2025 and 10 percent annually for model year 2026 -- reaching more than 50 miles per gallon by 2031.
In a proposed rule issued in June, the Trump administration argued that Biden officials had improperly factored in electric and hybrid vehicles when devising those targets, saying the standards would be unattainable for gasoline-powered cars and would effectively force a shift in the market.
Trump has railed against what he calls an EV "mandate." Republicans in Congress have repealed clean-energy tax credits in a major tax and spending bill, and targeted California's ability to set its own vehicle-emission limits.
"As America's largest auto producer, we appreciate President Trump's leadership in aligning fuel economy standards with market realities," Ford CEO Jim Farley said in a statement.
"We can make real progress on carbon emissions and energy efficiency while still giving customers choice and affordability. This is a win for customers and common sense."
But Gina McCarthy, a former senior official under Biden and Barack Obama, said the move would ultimately harm the auto industry by slowing its shift to electric vehicles and worsen climate change.
"If there's one thing you can count on, it's that this administration will never act in the best interest of our health or the environment," she said.
"The rest of the world will continue to innovate and create cleaner cars that people want to buy and drive, while we're forced to sit in our clunkers, paying more for gas, and pumping out more tailpipe emissions."
E.Rodriguez--AT