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US allies hit back on tariffs, Sears is shutting more stores, and more top news

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Tariffs
U.S. allies announced retaliatory tariffs on American imports following the Trump administration issuing tariffs on Canada, Mexico and Europe. The U.S. issued the tariffs of 25% on steel and 10% on aluminum on Thursday.
 
Sears
Sears will close 72 more stores in 2018. The retailer closed hundreds of struggling stores last year to reduce costs, after its sales dropped for the 26th straight quarter.
 
CEOs
JPMorgan Chase chief Jamie Dimon earned over $28 million last year, making him the highest-paid finance CEO, according to a study by The Wall Street Journal. He’s topped the list for three of the past four years.
 
Quote
“The American people are not the target of today’s announcement. We hope that eventually, common sense will prevail.” Canadian Prime Minister Justin Trudeau, announcing retaliatory tariffs on the U.S.
 
Daily Top Headlines: 
Animation: Lucy Clinch 
Script: Katie Carroll, Jessica Hartogs
Art: Jacqueline Zaccor 
Producer: Florencia Iriondo

Published in: News & Politics
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