The discussion covered the U.S. tariff policy, with a 10% baseline for other countries and a 125% tariff for China due to their escalation. Matt Gagnon highlighted the delay in the Republican budget blueprint vote due to conservative opposition, emphasizing the need for Congress to act on executive orders for permanence. He noted the volatility in the stock and bond markets, with the bond market valued at $50 trillion and a $9 trillion refinancing need this year. Gagnon also discussed the impact of rising bond yields on debt repayment costs, comparing it to Pentagon spending. He stressed the importance of economic growth metrics since 2008 and the need for a coherent strategy to address the country’s fiscal situation.
Defense Secretary Pete Hegseth announced that the U.S. military carried out three strikes Monday in the waters of the Eastern Pacific against boats suspected of carrying drugs, killing 14 and leaving one survivor.
Officials in Louisiana, Vermont and Virginia pledged Thursday to keep food aid flowing to recipients in their states, even if the federal program is stalled next month because of the government shutdown.
President Donald Trump announced he's ending "all trade negotiations" with Canada because of a television ad opposing U.S. tariffs that he said misstated the facts and called "egregious behavior" aimed at influencing U.S. court decisions.
President Donald Trump said Thursday that he's backing off a planned surge of federal agents into San Francisco after speaking to the mayor, as protesters gathered outside a U.S. Coast Guard base where they were located.
