Listen "US Slaps China with Massive 104% Tariffs, X Reaches Deal to Drop Twitch from Lawsuit, Oil Price Plunge Complicates Saudi Arabia's Economic Agenda, Iran Nuclear Talks, Serbian Student Protests."
Episode Synopsis
The US has imposed 104% tariffs on imports from China and other tariffs on specific countries. Talks with South Korea and Japan are planned, while China vows to retaliate, and recession fears have increased.Despite the goal of lowering it, the 10-year US Treasury yield has risen even with stock market drops and higher expectations for interest rate cuts.Democratic lawmakers are criticizing the Trump administration for the politically motivated firing of a US Navy admiral in a NATO role, arguing it harms national security.A judge ordered the White House to restore access for AP journalists, who sued over restrictions linked to their Gulf of Mexico coverage.TSMC of Taiwan could face over $1 billion in fines for potentially violating US export rules related to a chip found in a Huawei product.Elon Musk's X platform settled with Twitch in a lawsuit alleging an advertising boycott.Saudi Arabia faces pressure due to falling oil prices, potentially leading to more debt or spending cuts for its economic diversification program. Aramco is expected to decrease dividends.Hezbollah is willing to discuss its weapons with the Lebanese president if Israel withdraws from south Lebanon and ceases attacks.The US Defense Secretary stated the US will regain control of the Panama Canal from Chinese influence and enhance security cooperation with Panama.Ukraine's President Zelenskiy reported that two Chinese nationals fighting for Russia have been captured in eastern Ukraine.Canadian Liberal Leader Mark Carney highlighted his experience managing the 2008 crisis, contrasting it with Conservative Leader Pierre Poilievre's lack of similar roles. The NDP is urging a block on Rogers' wireless network sale to a US-led group due to sovereignty concerns.Serbian university students are biking to the EU Parliament in Strasbourg to seek support against corruption in Serbia.President Trump said the EU must buy $350 billion in US energy for tariff relief, rejecting their offer of zero tariffs on cars and industrial goods.A bodyguard for US Secretary of State Rubio was arrested in Brussels following an incident at a hotel.An African Union official said rising populism should not stop discussions about reparations for slavery and colonialism.India has become the third-largest producer of wind and solar power, surpassing Germany.Elon Musk's attempts to persuade President Trump to reverse new tariffs were unsuccessful.The Supreme Court blocked an order requiring the Trump administration to reinstate thousands of fired federal employees.The Pentagon is considering a proposal to withdraw up to 10,000 US troops from Eastern Europe.Mexico's president stated that Mexico would reject any unilateral US military action in the country, following reports of potential US drone strikes against drug cartels.The EU is asking China for help in monitoring a potential influx of Chinese imports due to US tariffs.Iran said it is ready for nuclear talks with the US if military threats are off the table.The Chinese Embassy in India called for India and China to unite against US tariff policies.South Korea fired warning shots after North Korean soldiers crossed the border.Russian military courts have seen a large increase in cases of soldiers deserting the war in Ukraine.
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