Trump’s retreats on tariffs have already wiped out $800 billion of expected deficit reduction, CBO estimates

Former President Donald Trump has signed an order to eliminate tariffs on agricultural imports from Brazil. This decision is expected to enhance trade relations between the United States and Brazil, potentially benefiting both economies by reducing costs for consumers and producers alike.

President Trump has signed an executive order to remove tariffs on Brazilian beef and coffee. This decision is part of a broader effort to address rising inflation concerns and reduce costs for American consumers. The tariff exemptions will apply retroactively and are aimed at commodities that cannot be produced domestically in sufficient quantities.

President Donald Trump has ignited controversy in California with a new oil drilling plan for the Pacific coast. The proposal has faced significant backlash from environmental groups and local communities who fear the potential ecological impact. Critics argue that the plan undermines California's efforts to combat climate change and protect marine ecosystems.

The Congressional Budget Office (CBO) has revised its estimate, stating that tariffs imposed by former President Trump will reduce U.S. deficits by $1 trillion less than previously projected. This adjustment reflects the ongoing impact of trade policies on the national economy.

Former President Donald Trump is contemplating an executive order aimed at preempting state-level regulations on artificial intelligence (AI). This move is seen as a response to growing concerns regarding the patchwork of state laws that could hinder AI development and innovation. Trump's consideration reflects ongoing debates about the balance between federal oversight and state autonomy in the rapidly evolving tech landscape.

The Trump administration's energy department has undergone a reorganization focusing on fossil fuel and nuclear energy priorities. This shift reflects a strategic pivot towards traditional energy sources amid ongoing debates about energy policy in the United States.

Ray Dalio has warned that the current market boom is nearing a bubble, with 80% of the way to a full bubble, which could lead to significant wealth gaps and a politically explosive bust. This warning has negatively impacted Nvidia's stock performance, reflecting broader concerns in the market.

Former President Donald Trump has instructed Scott Bessent to address the Federal Reserve's high interest rates, threatening to dismiss him if he fails to do so. Trump also revealed that Bessent has been advocating for Jerome Powell to remain as Fed chair until his term ends in May.