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.
Alex Murdaugh's murder convictions and life sentence for the deaths of his wife and son were overturned Wednesday by the South Carolina Supreme Court because the court clerk at his trial suggested he was guilty. But the disgraced lawyer won't be leaving prison anytime soon.
Workers at Denver airport initially missed a security breach by man who scaled an 8-foot perimeter fence and crossed a runway where he was hit and killed in a fiery collision by a plane with 231 people on board, authorities said Tuesday.
The Labor Department's consumer price index rose 3.8% from April 2025, according to data released Tuesday. On a month-to-month basis, April prices rose 0.6% from March as gasoline prices rose 5.4% during the month; the month-over-month gain was down from 0.9% increase from February to March.
Defense Secretary Pete Hegseth faced tough questions from Republican and Democratic lawmakers in Congress on Tuesday about the Trump administration's end game for the Iran war, the conflict's costs and its impact on diminishing weapons stockpiles.
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