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Global Markets PLUNGE as Trump’s Tariff Hits Canada, Mexico, and China!

Financial markets declined sharply as President Donald Trump confirmed the implementation of 25% tariffs on Canadian and Mexican imports, along with an additional 10% tariff on Chinese goods, effective Tuesday. Trump announced at the White House that negotiations had concluded without agreements. "No room left for Mexico or for Canada. The tariffs are all set." Canadian Foreign Minister Melanie Joly announced retaliatory measures, preparing $155bn in counter-tariffs on US products, with an initial $30bn targeting everyday items including pasta, clothing, and perfume. She emphasized that while Canada wishes to avoid trade conflict, they would respond to US actions. Mexico and China have similarly pledged retaliatory measures. Trump justified the tariffs citing concerns over illegal drugs and immigration, despite a one-month negotiation period with Canada and Mexico. Chinese goods already face a 10% tariff imposed in February. Trump maintains that tariffs […]

Peter Atitebi March 4, 2025

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Politics

Lawsuit Challenges Trump’s Early Termination of Temporary Protected Status for Haitians and Venezuelans

Three immigrant advocacy organizations filed a lawsuit Monday seeking to block the Trump administration's decision to end Temporary Protected Status (TPS) earlier than scheduled for people from Haiti and Venezuela living in the U.S. Last month, President Donald Trump's administration rescinded the TPS extension that had been granted under President Joe Biden through February 2026, instead requiring Haitians to leave by August 3 and Venezuelans by April 2. Lawyers for Civil Rights, representing the groups and four affected individuals, said this is the first lawsuit filed on behalf of Haitians in the U.S. under TPS. Two separate lawsuits were previously filed challenging the decision regarding Venezuelans. "TPS is a critical lifeline for immigrants who have fled extreme violence, political upheaval, and natural disasters in their home countries," said LCR senior attorney Mirian Albert. The White House has not responded to […]

Peter Atitebi March 3, 2025

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Trump Claims He Can ‘End Ukraine War’ as US Cuts Secret Deal with Putin

The Trump administration and Russian officials held their first direct talks on ending the Ukraine war in Saudi Arabia, marking a significant shift in US diplomatic strategy that excluded Ukraine from the initial discussions. The 4.5-hour meeting in Riyadh represented the first direct US-Russian diplomatic engagement in resolving Europe's deadliest conflict since World War Two. During the talks, Russia maintained its firm stance against Ukraine joining NATO. President Trump expressed optimism following the meeting, indicating he would likely meet with Russian President Vladimir Putin before month's end. Trump dismissed concerns about Ukraine's absence, suggesting Kyiv should have initiated negotiations earlier, and claimed he could end the conflict. The talks have sparked controversy, with European leaders expressing concern about negotiations occurring without Ukraine's involvement. German Chancellor Olaf Scholz emphasized that decisions cannot be made without Ukraine's participation. Some European politicians criticized […]

Peter Atitebi February 19, 2025

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Politics

Trump Labor Secretary Pick Sparks Debate Over Union Stance Within GOP

A confirmation hearing is set for Wednesday as the Senate evaluates President Donald Trump's nominee for labor secretary, former Oregon Representative Lori Chavez-DeRemer, whose positions on labor unions have generated mixed responses from Republican senators. Chavez-DeRemer, who served a single term in Congress, represents an unusual choice for a Republican administration due to her previous support of the PRO Act, legislation prioritized by labor unions. Her nomination has gained endorsement from the Teamsters Union, with their General President Sean M. O'Brien praising her potential role in worker protection and union job creation. However, her stance on labor issues has drawn criticism from some Senate Republicans. Senator Rand Paul of Kentucky has explicitly stated his opposition, citing concerns about her support for the PRO Act and its implications for right-to-work laws. Paul suggests she could lose up to 15 Republican votes. […]

Peter Atitebi February 19, 2025

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News

China’s Surprising Move Against Trump’s New Tariffs

Beijing has responded to recent US tariff announcements with measured countermeasures, signaling both resistance and openness to negotiation. The Chinese government announced plans to implement a 15% tariff on coal and liquefied natural gas, alongside a 10% tariff on crude oil, agricultural machinery, and large-engine cars imported from the US, effective February 10. The timing appears strategic, allowing room for diplomatic engagement before implementation. A planned call between the two leaders this week, confirmed by the White House, suggests potential for dialogue despite the escalating tensions. China's response appears calculated, targeting specific sectors rather than matching Trump's broader 10% levy on all Chinese imports. The impact on US natural gas exports may be limited, as China represents only 2.3% of America's global LNG exports, while its major vehicle imports come primarily from Europe and Japan. The current situation echoes previous […]

Peter Atitebi February 4, 2025

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Politics

Justice Department Undergoes Major Civil Rights Policy Shifts Under Trump

The Justice Department's Civil Rights Division is undergoing significant policy changes as Donald Trump begins his second presidential term. These changes reflect broader shifts in the administration's approach to civil rights enforcement and cultural issues. The transition is marked by immediate action, with the department issuing a memo freezing civil rights cases and withdrawing from multiple Biden-era cases. Personnel changes include reassigning top appellate section officials to a new task force focused on sanctuary cities immigration enforcement. Trump has nominated Harmeet Dhillon, 56, to lead the Civil Rights Division. A California lawyer, Dhillon has previously challenged the 2020 election results and opposed state laws protecting gender-affirming surgery providers. While some former officials express concerns about her focus on "cultural grievance issues," others praise the administration's decisive approach to implementing campaign promises. Key policy changes include: The elimination of Diversity, Equity, […]

Peter Atitebi January 31, 2025

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Finance

Fed Faces First Interest Rate Decision Under New Trump Administration

The Federal Reserve is expected to maintain current interest rates at its first policy meeting since Donald Trump's return to office. The decision, due Wednesday at 2 p.m. ET, comes amid recent statements from President Trump advocating for lower rates. Speaking at the World Economic Forum in Davos via video call, Trump expressed his intention to push for immediate rate reductions, both domestically and internationally. His comments continue a pattern of publicly discussing monetary policy, breaking from the traditional presidential practice of maintaining distance from Fed decisions. The economic landscape has shifted significantly since Trump's previous term ended in 2021. Current indicators show inflation at 2.9% as of December, above the Fed's 2% target but considerably lower than during the post-pandemic period. The job market remains resilient, with unemployment at 4.1% in December, while consumer spending continues to show strength. […]

Peter Atitebi January 29, 2025

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News

Pardoned Capitol Rioter Dies in Police Confrontation Just Days After Freedom

Matthew Huttle, 42, was fatally shot during a traffic stop in Indiana on Sunday, days after receiving a presidential pardon for his role in the January 6, 2021, Capitol incident. According to Indiana State Police, the incident occurred when officers attempted to pull over Huttle's vehicle, leading to what they described as an "altercation." Officials confirmed Huttle had a firearm present during the stop, though the reason for the initial traffic stop remains undisclosed. The shooting comes shortly after Huttle was among approximately 1,600 individuals who received pardons or commutes from President Donald Trump for their involvement in the Capitol events. Huttle had previously served six months in prison after accepting a plea deal for his ten-minute presence inside the Capitol building, with his release occurring in July 2024. The officer involved has been placed on paid administrative leave, with […]

Peter Atitebi January 28, 2025

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News

Steel Giant’s CEO Makes Desperate Appeal to Trump After Biden’s $15B Deal Rejection

The $15 billion acquisition of U.S. Steel by Japan's Nippon Steel has hit a significant roadblock after President Biden blocked the deal, citing national security concerns. Following the decision, both companies have initiated legal action against the administration. U.S. Steel CEO David Burritt has turned to President-elect Donald Trump, hoping for a different outcome under the incoming administration. During a CNBC interview, Burritt expressed optimism about Trump's potential business-oriented perspective on the deal, despite Trump's opposition to the acquisition. The deal has garnered mixed responses from stakeholders. Twenty mayors and community leaders from Pennsylvania and Indiana supported the acquisition in a December letter. However, United Steelworkers International opposed the deal and welcomed Biden's decision to block it. Burritt defended the acquisition's merits, stating that any national security concerns could be addressed. He argued that the deal would strengthen national security, […]

Peter Atitebi January 7, 2025

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Politics

Federal Judge’s Last-Minute Decision Throws Trump Investigation into Chaos

A federal judge has temporarily halted the release of special counsel Jack Smith's investigative report concerning President-elect Donald Trump's classified documents case. U.S. District Judge Aileen Cannon issued a temporary injunction on Tuesday, which will remain active until three days after the 11th Circuit Court makes its ruling on a separate blocking request. This separate request comes from Trump's co-defendants Walt Nauta and Carlos De Oliveira, who filed their motion Monday evening, referencing Cannon's earlier decision regarding Smith's appointment's constitutionality. Judge Cannon stated her decision aims to "preserve the status quo" pending the higher court's determination. Her order specifically restricts Attorney General Merrick Garland, the Department of Justice, Special Counsel Smith, and all associated personnel from sharing the Final Report or its drafts beyond the Department of Justice's boundaries. This restriction extends to any information or conclusions in the report […]

Peter Atitebi January 7, 2025

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