
Latest Politics News
US Supreme Court Strikes Down Trump's Reciprocal Tariffs
The US Supreme Court ruled against President Trump's reciprocal tariffs under IEEPA, leading to market uncertainty and an initial positive reaction turning negative over the weekend. Trump responded by proposing a 15% global tariff levy to maximize authority.
Republicans quietly celebrate the ruling but fear its return in an election year.
Trump Proposes 15% Global Tariff After Court Setback
Following the Supreme Court decision scrapping reciprocal tariffs, President Trump hiked the temporary global tariff rate to 15%. This move aims to pressure trading partners amid ongoing trade talks.
Global markets are reacting with futures under pressure.
Trump Threatens to Fire Fed Governor Lisa Cook
President Trump intends to fire Federal Reserve Governor Lisa Cook over mortgage fraud allegations she denies. Cook asserts the president lacks authority, challenging Fed independence.
Global central bankers fear political pressure undermining central bank autonomy.