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🇺🇸 Trump’s Latest Tariff Actions
On May 30, President Donald Trump announced plans to double tariffs on imported steel and aluminum from 25% to 50%, aiming to protect the domestic metal industry. This decision coincides with a $14.9 billion agreement between Nippon Steel and U.S. Steel.
The move has sparked international criticism. Canada's Chamber of Commerce labeled it detrimental to North American economic security, while Australia's Trade Minister deemed it unjustified and damaging to fair trade.
Additionally, President Trump is facing legal challenges after two U.S. courts ruled his sweeping "liberation day" tariffs unlawful. The administration plans to escalate the matter to the Supreme Court, asserting the president acted within his legal rights.
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📉 Cryptocurrency Market Update (as of May 31, 2025)
The cryptocurrency market has experienced a downturn:
These declines are attributed to various factors, including global economic uncertainties and recent policy announcements.
