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.
What does Trump’s ‘Liberation Day’ mean for tariffs?
US President Donald Trump’s tariffs on US goods in the wake of “Liberation Day” and the economic woes of the economy assume that only a quarter of the tariffs would be passed onto American consumers in the form of higher prices. But economists who have studied Trump’s tariffs in 2018 estimate that almost all of those tariffs ended up being passed onto Americans.
The auto industry is crying out for help because of Trump’s tariffs
Nearly 60% of US citizens think that President Donald Trump is concentrating too much on tariffs and not enough on lowering prices, a CBS News poll found. Inflation has fallen since peaking in 2022, but the price of goods is still very high and will likely go up even higher as tariffs take effect.
US stocks were hammered due to trade war fears
US President Donald Trump’s decision to impose new tariffs on Chinese imports is a “game changer” that could result in higher costs and a reduction in export markets as a result of the trade war, Fitch said. The tariffs amount to a nearly nine-fold increase in the prevailing US import tax last year, it added.
There were 5 results from the elections and bad news for Musk
The results of 2020 US House elections in Wisconsin, Florida and Florida’s 6th congressional district show that Democrats won two of the three seats. The Republicans won the district by more than 30 points. In Florida, top 20 spots for most spending by a single candidate for any House race the entire 2024 cycle would have been in the same area.