Trump called Bezos after it was reported that Amazon might post import charges
Amazon CEO Jeff Bezos called US President Donald Trump to discuss a report claiming Amazon was planning to increase prices due to tariffs. Trump told reporters that Bezos “did the right thing” after the president called him to discuss the reported plan for Amazon to show how tariff costs were increasing prices. Trump added that Bezos “did the right thing”.
A new lawsuit claims the Trump and DOGE’s government reorganization is unconstitutional
US President Donald Trump’s administration has filed a lawsuit against Tesla CEO Elon Musk for granting him unfettered access to the federal government’s most sensitive personal and financial systems, in exchange for Trump’s approval. The lawsuit said that Musk’s Office of Government Efficiency (GDE) is acting in accordance with Trump’s direction through OMB, OPM, and DOGE.
Many guests are attending the funeral of Pope Francis
Pope Francis’ funeral will be held at 10 am on Saturday at the Basilica of Saint Mary Major in Rome, the Vatican said. Presidents, prime ministers and royalty are preparing to travel to Rome for Pope Francis’ funeral, which will be the most prominent gathering of world leaders since US President Donald Trump’s inauguration in January.
In a single attack, Trump called for the dismissal of the Fed Chair
US President Donald Trump called the Federal Reserve Chair Jerome Powell’s annual economic report a “complete mess”, arguing that oil prices were down, groceries were down and the US was getting “Rich on Tariffs”. “Oil prices are down, groceries are down, and US is getting RICH ON TARIFFS,” Trump tweeted. This comes after Powell said tariffs were “highly likely to generate at least a temporary rise in inflation”.
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.
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.
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.