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Despite President Donald Trump's recent assertions that the U.S. and China are working toward resolving their trade dispute, Chinese officials have publicly denied any such progress. On April 24, Beijing stated that no trade negotiations with Washington had taken place.

He Yadong, a spokesperson for China’s Ministry of Commerce, dismissed Trump’s statements, calling them baseless and lacking in factual evidence. Meanwhile, Guo Jiakun from the Ministry of Foreign Affairs confirmed that there have been no discussions or agreements on tariffs between the two nations.

Elon Musk has announced that he will scale back his involvement in the Department of Government Efficiency (DOGE) after what he deems to be a job mostly accomplished. Musk has declared that the major tasks at DOGE are nearly complete, and as a result, he will now be dedicating just 1-2 days per week to the project while focusing more on Tesla. His commitment to the DOGE office will remain until the conclusion of the Trump administration’s term.

📉 Adjustments to DOGE’s Savings Goals

While the initial aim of DOGE was to save the U.S. government $2 trillion through efficiency initiatives, the projection has been revised down to $150 billion. This shift follows some challenges, including miscalculations, missed targets, and systemic issues. However, the program has already led to substantial changes, including the reduction of over 200,000 federal positions as part of its cost-saving measures.

⚖️ Legal and Public Reactions

$DOGE

Despite the adjustments in financial savings, DOGE has faced growing legal scrutiny and public backlash, particularly regarding its reporting methods and handling of layoffs. Several lawsuits are currently in the pipeline, and initial court decisions have not been favorable for the initiative. Additionally, protests and union opposition are escalating, with concerns about transparency and accountability coming to the forefront.

⏳ Looking Ahead: DOGE's Planned Demise

Musk has laid out the long-term vision for DOGE, with plans to phase out the department entirely by July 4th, 2026. Musk describes DOGE as "the first government agency designed to die," highlighting its goal of completing its mission and then ceasing operations. Meanwhile, the department has introduced controversial yet innovative measures such as the $5 million “Golden Card” visa aimed at attracting wealthy immigrants to generate additional revenue.

⚙️ Tesla Focus Amid Economic Challenges

As Tesla faces a significant drop in profits, down 71% year-over-year, and a decline in stock value by nearly 50%, Musk is shifting gears back to his primary company. He aims to stabilize Tesla’s operations and address the financial challenges currently facing the electric vehicle giant.

🐶 Clarification on DOGE and Dogecoin

It’s important to note that while the DOGE office is unrelated to Dogecoin (the cryptocurrency), the latter has experienced a 3.1% rise today, trading at approximately $0.1793. The continued evolution of these distinct projects remains a topic of public and financial interest.

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