Trump accelerates his economic confrontation with China, imposing 145% tariffs while simultaneously pushing a sweeping budget through the House. Meanwhile, a top nominee withdraws amid backlash, and critics warn his fentanyl policy shift could reverse progress. Today’s developments reshape economic forecasts and spark debate across courts, markets, and media outlets.
President Trump unleashes sweeping tariffs in a dramatic economic pivot, declaring “Liberation Day” to end decades of foreign trade advantage. His executive order imposes universal import duties and targets China with severe penalties, jolting markets and escalating global tensions. The announcement redefines U.S. trade policy with immediate economic and geopolitical consequences.
President Trump declares a National Energy Emergency, imposes tariffs on Mexico and Canada, and finalizes a high-stakes minerals deal with Ukraine. His Congressional address outlined economic and security priorities. Meanwhile, the Federal Reserve signals a possible rate cut amid market volatility. As political and economic tensions rise, global markets react, and stakeholders brace for long-term impacts on trade, energy, and national security.