U.S. President Donald Trump’s tariffs are here. Inflation, seemingly stuck, might find it more difficult to recede, and markets could face an uphill climb.
Day: February 3, 2025
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USAID ‘shutting down’—Elon Musk
The billionaire said the agency was being shut down hours after President Donald Trump said it was being run by “a bunch of radical lunatics.”
By Jarrett Renshaw, Daphne Psaledakis and David Lawder WASHINGTON (Reuters) -President Donald Trump said the sweeping tariffs that he has imposed on Mexico, Canada and China may cause “short term” pain for Americans as global stock markets tumbled on concerns the levies will spark an economically damaging trade war. Trump said he would talk on Monday with the leaders of Canada and Mexico, which
Tech billionaire Elon Musk said Monday that he and President Donald Trump were in the process of shutting down the USAID, escalating their war on the federal bureaucracy.
Musk announced the planned closure of the foreign assistance agency early Monday morning on social media.
Elon Musk, who Donald Trump has assigned to lead a federal cost-cutting panel, said the US president agrees that USAID should be shut down.
Panama’s president says sovereignty over canal not up for debate but suggests review of agreements with Chinese companies