Browsing: What Happened Today in the USA

Donald Trump announced a temporary 90-day suspension of certain tariffs less than a day after they came into effect. Many see it as the president backing down from his policy after US government bonds were being sold off, and the president likely under pressure from his rich and powerful friends (Elon Musk).

Whilst he came back from the brink for most countries he had hit, all countries (interestingly, Russia was not hit with tariffs) still face a blanket 10% tariff.

The administration intensified its stance on China by elevating tariffs on Chinese imports to 125%, underscoring a complex and strained U.S.- China trade relationship.

China responded firmly to the increased tariffs, maintaining a resolute position and implementing retaliatory measures. The Chinese Commerce Ministry announced an 84% tariff on all U.S. goods, signaling Beijing’s unwillingness to yield to U.S. pressure. This escalation has heightened concerns about a prolonged trade conflict between the world’s two largest economies.

The financial markets have reacted with notable volatility to these developments. Following the announcement of the tariff suspension, global markets experienced a relief rally. However, this optimism is tempered by underlying uncertainties, as analysts caution that the fundamental issues driving the trade tensions remain unresolved. The bond market, in particular, has exhibited signs of distress, with the U.S. 10-year Treasury yield climbing from under 4% to 4.5%, reflecting diminished confidence in U.S. fiscal stability.

Amid these economic fluctuations, there have been murmurs of potential market manipulation.

The current trajectory of U.S. trade policy, characterized by abrupt shifts and escalating tariffs, has prompted warnings from economic leaders. JPMorgan Chase CEO Jamie Dimon cautioned that the ongoing trade war could precipitate a U.S. recession this year.

The US-China trade war is in full flow as the rest of the world holds its breath, wondering, hoping and perhaps even praying that Trump sees some sense.

There are whispers in the corridors of Congress between Republicans and Democrats as to how they can either curb the president’s war or usurp him. There is far too much at stake for Congress not to intervene.

Politics is dominating the news in the United States – and around the world – with Donald Trump’s latest tariffs set to be announced tomorrow, the markets reaction to the impending tariffs and talks of Trump seeking a third term.

Trump is set to announce new tariffs on imports, including a 25% tax on foreign cars. The move aims to boost U.S. manufacturing but may raise prices and strain trade relations. The UK and other countries are expected to respond with their own tariffs.

Trump recently suggested the possibility of seeking a third term in office, despite the clear prohibition outlined in the 22nd Amendment of the U.S. Constitution, which limits presidents to two terms. In a recent interview, Trump stated he was “not joking” about exploring “methods” to remain in power beyond his current term. ​

Friday’s news briefing – President Donald Trump has signed an executive order limiting union rights for many federal employees, citing national security concerns.

Suspected U.S. airstrikes hit multiple Houthi-controlled areas in Yemen, including the capital, Sanaa and regions around Hodeida, Saada, al-Jawf, Amran, and Marib.

In sports, March Madness is in full swing and the MLB returns today!

Most of the American headlines (and global) are reporting on the massive blunder from Trump’s team when a left-wing journalist was accidentally added to a group chat. The chat was leaked – as were some juicy details, which is leading many headlines in print and online. From plans to bomb Yemen’s Houthis to calling Europe ‘pathetic’ the leak has led to calls for a probe and questions over national security protocols.

Elsewhere, the USMNT has finished fourth in the Nations League – fourth out of just four teams. For those looking ahead to the World Cup, the bigger concern was over the poor attendance at the USA matches over the Nations League, with more questions arising about how the USA (along with Canada and Mexico) will fare in hosting the 2026 tournament.