Global Affairs
On April 4, 2025, the European Union concluded its inaugural summit with the five Central Asian nations—Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan—in Samarkand, Uzbekistan. This historic meeting marked a new chapter in EU-Central Asia relations as Brussels seeks to secure critical raw materials essential for its green and
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
Domestic Affairs
On Friday, April 4, 2025, the U.S. Department of Labor released its March jobs report, revealing that the economy added 228,000 jobs last month, far surpassing analysts’ expectations of 140,000. The unemployment rate ticked up slightly to 4.2%, driven by an increase in labor force participation
Domestic Affairs
On Friday, April 4, 2025, China announced a sweeping set of retaliatory measures in response to President Donald Trump’s latest tariffs on Chinese imports. Beijing’s actions include a universal 34% tariff on all U.S. goods beginning April 10, export restrictions on rare earth elements critical to high-tech
Global Affairs
On April 3, 2025, Canadian Prime Minister Mark Carney announced the imposition of 25% retaliatory tariffs on vehicles imported from the United States, mirroring the auto tariffs enacted by U.S. President Donald Trump earlier in the day. The move marks a significant escalation in trade tensions between the two
Domestic Affairs
On Thursday, April 3, 2025, Senators Chuck Grassley (R-Iowa) and Maria Cantwell (D-Wash.) introduced the "Trade Review Act of 2025," a bipartisan bill aimed at curbing President Donald Trump's unilateral authority to impose tariffs. The legislation comes in response to Trump’s sweeping trade measures announced
Domestic Affairs
The U.S. financial markets experienced significant turmoil in the past 24 hours, with stock futures plunging overnight and major indices opening sharply lower on Thursday morning. The sell-off comes in response to President Donald Trump’s sweeping tariff announcement on April 2, which has heightened fears of a global
Domestic Affairs
On April 2, 2025, President Donald Trump declared "Liberation Day" during a high-profile Rose Garden event, unveiling a sweeping set of tariffs aimed at reshaping the global trade system and revitalizing American manufacturing. The measures include a 10% universal tariff on all imports to the United States, reciprocal
Domestic Affairs
President Donald Trump has announced that Wednesday, April 2, will mark "Liberation Day," a pivotal moment in his administration's trade policy. On this day, the United States will implement sweeping new tariffs, including a 25% duty on all imported vehicles and additional levies on auto components
Economy
The University of Michigan's closely watched consumer sentiment index for March 2025 has revealed a sharp decline in consumer confidence, dropping to 57 from 64.7 in February. This significant 11.9% decrease marks the lowest point for the index since November 2022, reflecting growing anxiety among American
Economy
On Friday, March 28, 2025, U.S. stock markets experienced a significant decline, with major indices falling sharply as investors grappled with higher-than-expected inflation data and a marked drop in consumer sentiment. The sell-off was exacerbated by ongoing concerns about President Trump's trade policies and their potential impact
Domestic Affairs
On March 27, 2025, the U.S. Commerce Department released its third and final estimate of economic growth for the fourth quarter of 2024, revealing that the nation's Gross Domestic Product (GDP) expanded at an annualized rate of 2.4%. This figure represents a slight upward revision from