The president bought a car with Musk at the White House
US President Donald Trump said that Tesla CEO Elon Musk has been treated unfairly by a “very small group of people”. “He can’t be penalized for being a patriot, and he’s a great patriot, and he’s also done an incredible job with Tesla,” Trump added. Protesters on Monday protested against the takeover of the federal government by Musk.
Security questions swirl after Musk team views data
US President Donald Trump’s administration will reportedly cut the staff at the US Agency for International Development (USAID) by nearly 300 employees to 290. The elimination of USAID has focused primarily on global public health projects that have received bipartisan support, reports said. USAID delivers humanitarian aid and economic development funding around the world.
USPS suspends parcels from Hong Kong
US President Donald Trump has signed an executive order ending the exemption on import duties for some products made in China. Small packages of less than 800 grams are not subject to import duties under de minimis rule, which went into effect in 1930. The move is expected to hurt discount e-commerce platforms like Temu and Shein.
You and your wallet could be affected by the tariffs
China has said that it’ll “take the necessary measures” to counter US President Donald Trump’s 10% tariffs on Chinese exports. It added the tariffs would disrupt economic and Trade cooperation between China and the US. It further said that it will launch a case against the US in the World Trade Organization (WTO). Trump on Thursday imposed tariffs on $50 billion of Chinese goods.
Why it matters to the industry is not clear
Mexican President Claudia Sheinbaum said that the US has agreed to put tariffs on Mexico and Canada on hold for a month. US President Donald Trump had planned to impose 10% tariffs on Chinese goods and 25% import tax on goods from the two countries. Sheinbaum added that the US and Mexico will reach a speedy resolution to the trade dispute.
Why did the website disappear, and what caused Musk to want USAID to die?
US State Department has revised its website to include information about the US Agency for International Development (USAID), amid President Donald Trump’s decision to shut the agency. The updated page includes a press release, which read, “Implementing the President’s Executive Order on Reevaluating and Realigning United States Foreign Aid.” The agency was created by the US government in the aftermath of the September 11, 2001 attacks.
The impact of Trump’s tariffs will be huge for the auto industry
In a post on Truth Social, US President Donald Trump said, “Most of the tariffs will be paid by the consumer.” He added, “This was done through the International Emergency Economic Powers Act (IEEPA) because of the major threat of illegal aliens and deadly drugs killing our citizens, including fentanyl.” “I’ll tell you what if pricing on the new market goes up,” he further said.
Trump imposed tariffs on Canada, Mexico, and China
US President Donald Trump on Thursday said he’ll impose 25% tariffs on Mexican and Canadian imports from February 1. He added that he’s “very much still considering” tariffs on China on the same day. White House Press Secretary Karoline Leavitt said Trump was “very much still considering” tariffs on China on the same day.
The next round of tariffs is just around the corner
The US is planning to impose tariffs of 25% on Canadian and 10% on Mexican products this weekend in retaliation for Canada’s tariff on American steel and aluminium, according to a Reuters report. However, US President Donald Trump has said that the tariff could be increased to 25% if the three countries do not reach an agreement.
Howard Lutnick is Trump’s pick for Commerce Secretary
Lawmakers asked if the cost of doing business in the United States would go up if other countries retaliated with tariffs of their own. US President Donald Trump warned that he was ready to cut off imports from Canada and Mexico, America’s two largest trading partners and closest allies. Trump had earlier threatened to impose tariffs on imports from some countries.