President Donald Trump announced a 90-day pause on higher targeted tariffs for most countries, excluding China, which now faces a 125% duty. The pause was due to over 75 trading partners not retaliating and seeking discussions. Canada and Mexico will maintain a 10% tariff, while the US-Mexico-Canada Agreement (USMCA) will have no tariffs. The European Union plans to impose fresh retaliatory duties next week. Matt Gagnon criticized the inconsistency in the Trump administration’s tariff justifications, noting the shift from economic arguments to bilateral trade deals. He emphasized the need for clear objectives and consistent messaging.
The American job market continues to show surprising strength, shrugging off the high costs of the Iran war. Employers added 172,000 jobs in May – roughly double what forecasters had expected – and the unemployment rate remained at a low 4.3%.
A Colorado court reversed homicide convictions against two paramedics on Thursday in the death of Elijah McClain, a Black man who was pinned down by police and injected with a fatal dose of ketamine.
The state of Florida filed a lawsuit against OpenAI and CEO Sam Altman on Monday, claiming the company knowingly released and aggressively marketed ChatGPT to the public while concealing serious risks.
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