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
United States of America
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
Economy
On March 27, 2025, Argentina's Economy Minister Luis Caputo announced that the country is targeting a $20 billion deal with the International Monetary Fund (IMF) to address its ongoing economic challenges and calm market jitters. This announcement marks a significant development in Argentina's efforts to stabilize
United States of America
On March 26, 2025, President Donald Trump announced a sweeping 25% tariff on all automobiles and light trucks imported into the United States, set to take effect on April 3. This move represents a significant escalation in global trade tensions and has sent shockwaves through the automotive industry worldwide. Key