Domestic Affairs
North America
Domestic Affairs
House Republicans Advance Budget Negotiations Amid Internal Divisions: A Comprehensive Report
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
Stock Market Volatility Amid Economic Uncertainty: Analysis of April 10, 2025
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
Trump’s Tariff Pause and Market Turbulence: A Comprehensive Analysis
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
Congressional Push to Extend Trump Tax Cuts Faces Conservative Revolt
Domestic Affairs
Trump’s Escalation in the U.S.-China Trade War: Implications of 104% Tariffs and Beijing’s Retaliatory Measures
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
Elon Musk and Peter Navarro’s Feud Escalates Over Tariffs: A Clash of Ideologies and Personal Insults
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
Supreme Court Upholds Trump Administration’s Use of Alien Enemies Act: A Landmark Decision with Broad Implications
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
Stock Market Rebounds Amid Optimism Over Tariff Negotiations: A Temporary Respite?
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
Domestic Affairs
Trump Defends Tariffs Amid Market Volatility: A Deepening Trade Conflict
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
Federal Reserve Chair Jerome Powell Warns of Inflation Risks from Trump Tariffs: Economic Implications and Policy Challenges
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
March Jobs Report Exceeds Expectations Amid Trade Turmoil: A Snapshot of a Resilient Labor Market
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