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.
A federal judge temporarily blocked President Donald Trump's ban of three news outlets from the White House, ordering early Thursday that CNN, MS NOW and Politico must have their access restored. Reporters from all three outlets, however, said they remained blocked a few hours after the ruling.
It's harvest time in California wine country, but many growers are struggling to sell their grapes as changing drinking habits have caused demand to plunge. The decline is forcing some growers to tear out vineyards that their families have grown for generations.
In-person voting for this year's midterm elections began Friday, ushering in the final six weeks for Americans to decide which party they trust to lead Congress through a cost-of-living crisis, a prolonged war in Iran and other pressing issues.
Americans are commemorating the 25th anniversary of 9/11, remembering the shock, the dead and the sweeping consequences of the al-Qaida attacks on symbols of U.S. might and prosperity.
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