US Commerce Secretary Howard Lutnick:
We had to include penguin island in the tariffs in case some countries try to use it as a loophole.
We had to include penguin island in the tariffs in case some countries try to use it as a loophole.
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Clash Report
Elon Musk said he hoped that Europe and the United States would agree to a "zero-tariff situation" which would create a de facto free-trade zone spanning the Atlantic Ocean.
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Trump's advisor Peter Navarro:
It was interesting to hear Elon Musk talk about a zero tariff zone with Europe. He doesn’t understand that. And the thing that I think is important about Elon to understand, is he sells cars. That’s what he does.
It was interesting to hear Elon Musk talk about a zero tariff zone with Europe. He doesn’t understand that. And the thing that I think is important about Elon to understand, is he sells cars. That’s what he does.
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Satellite images showing hundreds of Egyptian tanks on the Philadelphia axis on the Egyptian side.
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Israeli forces intercepted several rockets fired from the Gaza Strip.
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Foreign Ministers of Israel and the UAE met in Abu Dhabi.
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Clash Report
TikTok clock ticking! China’s ByteDance must divest US operations by April 5th or likely to face a ban.
China's objections to new US tariffs have stalled a deal to sell TikTok, according to Trump.
"We pretty much had a deal for TikTok - not a deal, but pretty close - and then China changed the deal because of the tariffs," Trump told reporters.
Source: Bloomberg
"We pretty much had a deal for TikTok - not a deal, but pretty close - and then China changed the deal because of the tariffs," Trump told reporters.
Source: Bloomberg
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NEW: Germany’s Merz Has a Problem: Can He Spend a Trillion Euros?
Incoming German Chancellor Friedrich Merz has secured €1 trillion for infrastructure and defense, ending years of fiscal austerity. But spending it is the real challenge.
Germany faces deep bureaucratic delays, labor shortages, and sluggish planning processes that could push the plan’s full impact to 2027.
With rising threats like Russia and reduced U.S. involvement in European security, the stakes are high.
Experts warn that without urgent reforms to streamline government, attract workers, and modernize administration, Merz risks wasting this historic opportunity—and fueling support for the far-right AfD.
Source: Bloomberg
Incoming German Chancellor Friedrich Merz has secured €1 trillion for infrastructure and defense, ending years of fiscal austerity. But spending it is the real challenge.
Germany faces deep bureaucratic delays, labor shortages, and sluggish planning processes that could push the plan’s full impact to 2027.
With rising threats like Russia and reduced U.S. involvement in European security, the stakes are high.
Experts warn that without urgent reforms to streamline government, attract workers, and modernize administration, Merz risks wasting this historic opportunity—and fueling support for the far-right AfD.
Source: Bloomberg
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U.S. oil prices plunged below $60 a barrel after President Trump announced broad new tariffs, raising fears of a global economic slowdown.
Prices are down 15% in days, hurting U.S. oil producers—especially in states like Texas—who may cut drilling and jobs.
OPEC’s plan to boost supply and higher material costs from tariffs add pressure. Smaller energy firms are most at risk. Energy stocks have already taken a major hit.
Source: NYT
Prices are down 15% in days, hurting U.S. oil producers—especially in states like Texas—who may cut drilling and jobs.
OPEC’s plan to boost supply and higher material costs from tariffs add pressure. Smaller energy firms are most at risk. Energy stocks have already taken a major hit.
Source: NYT
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