Last mentioned: 4d ago
Asian Markets Reopen
Markets in China and Japan reopen to a weakened dollar and renewed trade volatility.
EU Trade Deal Stalled
European Parliament decides to postpone a vote on the EU-U.S. trade agreement.
Tariff Hike Announced
President Trump raises temporary tariffs from 10% to 15% following the SCOTUS ruling.
Democratic lawmakers are intensifying their oversight of Commerce Secretary Howard Lutnick, focusing on potential conflicts of interest involving rare earth minerals and specific tariff refund requests. The inquiry centers on Lutnick's prior business ties and allegations of favorable treatment for entities linked to the Epstein family.
A U.S. Supreme Court decision striking down emergency tariffs has sparked a trade policy crisis, with President Trump retaliating by raising duties to the legal maximum. The resulting regulatory uncertainty has stalled international trade deals and weakened the U.S. dollar as markets brace for a new wave of protectionism.