Trump support for pro-AI proposal fuels Maga backlash

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.

The US is calling for enhanced tracking of semiconductor chips amid allegations of smuggling AI chips to China. This development highlights concerns over national security and the potential transfer of sensitive technology to foreign adversaries. The situation underscores the ongoing tensions between the US and China regarding technology and trade.

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.

Oil prices declined following Ukrainian President Volodymyr Zelenskiy's agreement to pursue a peace plan, coinciding with the impending implementation of U.S. sanctions on two major Russian oil companies. This development reflects ongoing geopolitical tensions and market reactions to potential shifts in supply dynamics.

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 projection for deficit reduction over the next 11 years to $2.5 trillion, down from $3.3 trillion estimated in August. This adjustment is attributed to former President Trump's recent retreats on tariffs, which have already eliminated an expected $800 billion in deficit reduction.

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.

US tech stocks, particularly the Nasdaq, experienced significant volatility, surrendering gains of over 2% in the most turbulent session since April. This downturn reflects ongoing concerns in the market, particularly in the technology sector, as traders grapple with uncertainty.