Key Events (10)
Trump announced increased tariffs on Canadian aluminum and steel, initially threatening 50% rates before backing down after Ontario lifted charges on U.S. electricity. The announcement triggered a significant stock market sell-off amid broader recession fears.
Global markets experienced significant volatility as investors reacted to Trump's tariff threats and his refusal to rule out a U.S. recession. The dollar hit its lowest level since mid-October, while the euro and pound rose amid economic concerns.
Trump announced his support for Tesla and Elon Musk by displaying Tesla vehicles at the White House and stating he would purchase an electric vehicle himself. He labeled boycotts of Tesla as 'illegal' and said violence against the company's showrooms would be treated as domestic terrorism.
A federal judge blocked the deportation of Mahmoud Khalil, a Palestinian-American Columbia University graduate student and activist, who was detained by ICE despite being a permanent U.S. resident with a green card. The Trump administration had cut $400 million in federal funding to Columbia University.
U.S. and Ukrainian officials continued peace negotiations in Saudi Arabia, with Ukraine signaling willingness to pursue peace after Trump cut support for the country. The talks represent a significant shift in U.S.-Ukraine relations under the Trump administration.
The USDA cut more than $1 billion in local food purchases for schools and food banks, raising concerns that millions of children could lose access to free school meals as food costs rise.
Trump administration officials warned 60 colleges of possible antisemitism penalties and cut hundreds of millions in federal funding to Columbia University, citing the school's alleged refusal to help identify people for arrest.
A federal judge ordered the Department of Government Efficiency (DOGE) to release internal records for transparency purposes, rejecting arguments that social media posts constituted sufficient documentation.
House Republicans passed a Trump-backed bill to avoid a government shutdown on a party-line vote, sending it to the Senate for consideration.
Trump vowed to collect 'hundreds of billions' in tariffs globally, with Australia unlikely to secure an exemption from steel and aluminium tariffs despite intensive lobbying efforts.
Tariff Actions (1)
Trump announced increased tariffs on Canadian aluminum and steel, initially threatening 50% but later backing down after Ontario lifted charges on U.S. electricity imports.
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