#TrumpTariffs ---
๐บ๐ธ Major Tariff Increase on Steel and Aluminum
President Trump has officially doubled tariffs on imported steel and aluminum from 25% to 50%, effective today. This move, enacted under Section 232 of the Trade Expansion Act, aims to protect U.S. national security and domestic industries from what the administration calls unfair trade practices and global overcapacity. Notably, imports from the United Kingdom are exempt from this increase for now, pending further negotiations under the U.S.-UK Economic Prosperity Deal .
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๐ Elon Musk Criticizes Trumpโs Tax and Spending Bill
Tech entrepreneur Elon Musk has publicly denounced President Trumpโs latest tax and spending bill, labeling it a โdisgusting abomination.โ Musk, who recently stepped down as an adviser in the Trump administration, warned that the bill could undermine governmental efficiency and exacerbate the national debt. His criticism has sparked discussions among fiscally conservative Republicans .
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๐ Trade Negotiation Deadlines Set
The Trump administration has set a deadline of June 4 for countries to submit their best offers in ongoing trade negotiations. These proposals should include tariff and quota offers for U.S. industrial and agricultural products, as well as plans to address non-tariff barriers. The U.S. has indicated that responses will be provided within days, outlining expected tariff rates once the current 90-day pause expires on July 8 .
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๐ผ๏ธ New Official Presidential Portrait Released
The White House has unveiled a new official portrait of President Trump. The image portrays him with a stern, expressionless demeanor against a dark, blank background, reflecting the administration's current tone and messaging .
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