Matt Gagnon discussed the recent trade deal between the U.S. and Japan, highlighting President Trump’s announcement of a 15% tariff on Japanese auto exports, down from the threatened 25%. Gagnon criticized the deal, noting it fails to achieve true free trade and will increase the cost of imports and exports. He argued that higher tariffs lead to less trade, potentially exacerbating inflation. Gagnon also criticized the use of tweets for major announcements and questioned the long-term economic impact, suggesting that the revenue from tariffs would be insufficient to significantly reduce the budget deficit.
Storms barreling across the heart of the United States continued to threaten rain and pose flooding risks Thursday after causing at least one death when a man apparently was struck by lightning in Wisconsin.
Tiger Woods ' attorney intends to fight an attempt by prosecutors to subpoena the golfer's prescription drug records following his arrest last month in Florida on suspicion of driving under the influence.
Democratic Rep. Eric Swalwell's abrupt exit from the race for California governor left his rivals scrambling to lock down his former supporters in a crowded contest with no clear leader, injecting more turmoil into the campaign to lead the nation's most populous state.
The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House.
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