California Beats Japan as the Fourth Largest Economy
Governor Gavin Newsom touted new data from the International Monetary Fund (IMF) and the US Bureau of Economic Analysis showing California’s growth.
US
US stocks and dollar plunge as Trump attacks Fed chair Powell.
US equities had opened the session lower, but stumbled further shortly after the opening bell when Trump called Powell a “major loser” for not cutting interest rates in a social media post
Trump blames Zelensky for starting war after massive Russian attack
The US president said on Monday that the Ukrainian leader shared the blame with Russian President Vladimir Putin for “millions of people dead” in the Ukraine war.
US revokes all visas held by South Sudanese passport holders.
US Secretary of State Marco Rubio has announced that the US is immediately revoking visas issued to all South Sudanese passport holders
China says it will ‘fight to the end’ after Trump threatens to impose still more tariffs.
China threatened Tuesday to take countermeasures against the United States “to safeguard its own rights and interests” in response to President Donald Trump’s threat of an additional 50% tariff on Chinese imports.
EU Commission proposes 25% counter-tariffs on some US imports.
The European Commission on Monday proposed counter-tariffs of 25% on a range of American goods in response to President Donald Trump’s tariffs on steel and aluminum, according to media reports.
British carmaker Jaguar Land Rover pauses U.S. shipments over Trump tariffs.
British carmaker Jaguar Land Rover said it will pause U.S. shipments for a month as it assesses the impact of U.S. President Donald Trump’s tariffs on vehicle imports.
Tariffs Are Sales Taxes Beneficial to the Targeted Party – The GITFiC
Tariffs are primarily sales taxes, mainly beneficial to the targeted country rather than the imposing country.
Somalia offers US exclusive control of air bases, ports.
Somalia has extended an offer to the United States for exclusive control over strategic airbases and ports
US Supreme Court Maintains Biden Rule on Undetectable ‘Ghost Guns’
The US supreme court upheld on Wednesday a federal regulation targeting largely untraceable “ghost guns” imposed by Joe Biden’s administration in a crackdown on firearms whose use has proliferated in crimes nationwide.