The world markets plunged due to the trade war
While addressing the US Congress, President Trump said, “I’ve stopped all government censorship. I’m bringing back free speech.” He then said, “I’ve stopped all government censorship. I don’t know what that means but it’s back. I think that’s good for the country.” He further said, “I’m going to do this for the American people and I will do this for the world as well.”
The global markets went down due to the trade war
US President Donald Trump has said he’ll take the “toughest possible action” against China if they don’t change their trade policies. He added, “I don’t want to see the US in a recession. There has to be a trade war.” However, he didn’t mention whether he’d introduce tariffs on China or other countries. This comes as China and the US prepare for a potential trade war.
Protesters at a DC rally delivered a message to Trump and Musk
Thousands of people have taken to the streets in US’ Washington DC to protest against Tesla CEO Elon Musk’s plan to fire federal workers. “This is non-violent movement…unlike the January 6th insurrectionists who brought flag poles and other things to use as weapons…everybody who’s here is here to protest peacefully,” said a protester. The protest is against Musk’s proposal to lay off federal workers.
The 25% car tariffs had an effect on the automakers
Toyota has said it won’t increase prices immediately after the US imposed 25% tariffs on imported vehicles. “The impact of the Tariffs on American Auto Production at Ridgeville, South Carolina factory…has no immediate plans to increase prices,” a company spokesperson said in an email statement. Earlier, Toyota had said it was likely to pass the cost of tariffs along to its customers.
Protests erupt against Trump and Musk
Thousands of people took to the streets across US on Saturday to hold protests against US President Donald Trump’s administration. Protests have been held since Trump took office in January, including the firing of federal workers and Elon Musk’s involvement in the government. Many protesters carried placards with slogans like “Hands off!” and “Save our democracy”.
The world has just declared a trade war
The US is set to increase tariffs on Chinese goods from 25% to 30% on April 9 in an attempt to reduce America’s trade deficit with China. US President Donald Trump’s administration last month imposed tariffs on up to $50 billion worth of Chinese goods. China had earlier announced plans to impose retaliatory duties on around $5 billion worth of US goods.
On top of layoffs, the HHS was ordered to cut spending on contracts
The US government has ordered a 25% cut in its Centers for Disease Control and Prevention (CDC) staff and a 35% reduction in its contracts. The cuts apply to all divisions of the Centers for Disease Control and Prevention, the National Institutes of Health, the Food and Drug Administration, the Centers for Medicare and Medicaid Services and other agencies.
A Microsoft employee calls an artificial intelligence boss a war profiteer
An employee at Microsoft has claimed that Israel’s military uses Microsoft’s Azure cloud computing platform to sift through “mass surveillement” of data gathered through mass surveillement. “I joined Microsoft believing in its mission to ’empower every person and every organisation on the planet to achieve more’,” the employee wrote. He added that Microsoft tried to suppress any protests from his coworkers.
Nintendo has a price for its Switch 2 era
Nintendo has delayed the launch of its Switch 2 console after US President Donald Trump’s tariffs were announced. Earlier, it had said preorders will begin on April 9. However, Nintendo has now confirmed that preorders will not begin on April 9. “We’re taking this step to ensure that no one misses out on their chance to buy the Switch 2,” the company said.
Trump’s economists just gave an answer on how tariffs will affect prices
China and the US on Thursday announced new tariffs on each other’s goods worth $34 billion in a tit-for-tat response to US President Donald Trump’s “reciprocal” tariffs. China added 16 US entities to its export control list and banned them from obtaining Chinese products because they are dual-use. The US also imposed tariffs on $50 billion worth of Chinese products.