Domestic Affairs
Introduction On April 10, 2025, House Republicans narrowly passed a budget framework that sets the stage for advancing President Donald Trump’s ambitious domestic agenda. The vote, which concluded with a razor-thin margin of 216-214, represents a critical step toward enacting sweeping tax cuts, significant spending reductions, and increased funding
Domestic Affairs
Introduction The U.S. stock market continues to experience significant turbulence as investors grapple with the fallout from President Donald Trump's tariff policies and ongoing federal budget uncertainties. After a historic rally on April 9, 2025, driven by Trump’s announcement of a 90-day pause on tariffs for
Domestic Affairs
Introduction On April 9, 2025, President Donald Trump announced a 90-day pause on reciprocal tariffs for over 75 countries while escalating tariffs on Chinese imports to 125%. This policy reversal triggered one of the most dramatic stock market rallies in modern history, with major indices posting their largest single-day gains
Domestic Affairs
Domestic Affairs
Introduction On April 9, 2025, President Donald Trump implemented sweeping new tariffs on Chinese imports, raising duties to an unprecedented 104%. This escalation marks a critical juncture in the ongoing U.S.-China trade war, which has already destabilized global markets and strained bilateral relations. In response, China announced retaliatory
Domestic Affairs
The ongoing feud between Tesla CEO Elon Musk and White House trade adviser Peter Navarro has intensified, fueled by disagreements over President Donald Trump’s sweeping tariff policies. The public spat, which has played out on social media and television interviews, has grown increasingly bitter, with Musk calling Navarro “dumber
Domestic Affairs
Late Monday night, April 7, 2025, the U.S. Supreme Court issued a 5-4 decision allowing the Trump administration to enforce the Alien Enemies Act (AEA) of 1798 to facilitate the deportation of individuals suspected of gang affiliations. The ruling vacates a lower court’s restraining order and grants the
Domestic Affairs
On Tuesday, April 8, 2025, U.S. stock markets staged a sharp rebound following a three-day sell-off that had erased trillions of dollars in market value. The recovery was fueled by investor optimism over potential tariff negotiations between the Trump administration and several key trading partners, including Japan and South
Global Affairs
On April 7, 2025, Japanese Prime Minister Shigeru Ishiba reiterated his government’s commitment to addressing the economic fallout from U.S. President Donald Trump’s recently imposed tariffs on Japanese automobile imports. The 25% tariff on vehicles, coupled with an additional 24% tariff on other Japanese goods, has sent
Domestic Affairs
On Sunday, April 6, 2025, top officials in the Trump administration revealed that more than 50 countries have reached out to the White House to initiate negotiations over President Donald Trump’s sweeping tariffs. The announcement comes just days before the next phase of the tariffs—set to take effect
Domestic Affairs
On Sunday, April 6, 2025, President Donald Trump doubled down on his sweeping tariff strategy during remarks aboard Air Force One, describing the import taxes as "medicine" necessary to fix global trade imbalances. Despite mounting concerns over a potential global recession, sharp declines in financial markets, and growing
Domestic Affairs
On Friday, April 4, 2025, Federal Reserve Chair Jerome Powell issued a stark warning about the inflationary pressures likely to result from President Donald Trump’s sweeping new tariffs. Speaking at an event in Arlington, Virginia, Powell highlighted the challenges posed by elevated import costs, which could lead to prolonged