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U.S. trade deficit jumps to record high on pre-tariff import rush
Imports alone have surged 23.3% so far this year and were $17.8 billion higher just last month, while American exports to other countries rose by just $500 million.
Shipping containers on a ship at a terminal in the Port of Los Angeles on April 30.Robyn Beck / AFP - Getty Images
By Steve Kopack
The U.S. trade deficit in goods and services soared to a record $140.5 billion in March. Year-to-date, the deficit has increased 92.6%, as companies and consumers rush to import goods before President Donald Trump's sweeping global tariffs increase take hold on July 6.
Imports alone have risen 23.3% so far this year and were $17.8 billion higher just last month, the Bureau of Economic Analysis said Tuesday. Exports from the U.S. to other countries increased by a much smaller $500 million.
Trump's tariffs, which already amount to more 145% on China, are set to increase in just under 65 days after they were initially paused.
Imports of consumer goods in March rose to an all-time high, led mainly by a big increase in pharmaceutical imports. The apparel, furniture, jewlery, household appliance and textile categories also saw increases from February.
U.S. gross domestic product shrank 0.3% in the first quarter because of the biggest drag from net exports — the difference between total exports and total imports — in more than a half-century, according to Wells Fargo economists. Other parts of the economy also showed signs of slowing. Consumer spending rose 1.8% in the first quarter, the weakest pace since mid-2023.
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Economists widely expect the surge in imports to slow in the second quarter, which should allow GDP to rebound into positive territory. But some analysts, including those at Goldman Sachs, still see the chances of a recession within 12 months at 45%.
"We still expect further..

Europe drives to attract scientists after Trump freezes US fundingAt the “Choose Europe for Science” event in Paris, French President Emmanuel Macron offered researchers grants and new policy plans if they move to Europe.
French President Emmanuel Macron and European Commission President Ursula Von der Leyen arrive at the "Choose Europe for Science" conference
French President Emmanuel Macron and European Commission President Ursula Von der Leyen arrive Monday at the "Choose Europe for Science" conference. Gonzalo Fuentes / AFP - Getty ImagesThe Associated Press
By The Associated Press
The European Union launched a drive on Monday to attract scientists and researchers to Europe with offers of grants and new policy plans, after the Trump administration froze U.S. government funding linked to diversity, equity and inclusion initiatives.
“A few years ago, no one would have imagined that one of the biggest democracies in the world would cancel research programs under the pretext that the word diversity was in this program,” French President Emmanuel Macron said at the “Choose Europe for Science” event in Paris.
“No one would have thought that one of the biggest democracies in the world would delete with a stroke the ability of one researcher or another to obtain visas,” Macron said. “But here we are.”
Taking the same stage at the Sorbonne University, European Commission President Ursula von der Leyen said that the EU’s executive branch would set up a “super grant” program aimed at offering “a longer-term perspective to the very best” in the field.
She said that 500 million euros ($566 million) will be put forward in 2025-2027 “to make Europe a magnet for researchers.” It would be injected into the European Research Council, which already has a budget of more than 16 billion euros ($18 billion) for 2021-2027.
Von der Leyen said that the 27-nation EU intends “to enshrine freedom of scientific research into law” with a new legal act. As “the threats rise across the world, Europe will not compromise on its principles....

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PoliticsDefense Department designates a second military zone on US border, extending into Texas
EL PASO, Texas (AP) — The Defense Department said Thursday that it has designated a second stretch on the U.S. border with Mexico as a military zone to enforce immigration laws.
The newest area is in Texas and is attached to the Fort Bliss Army base in El Paso. Like the first zone established last month in New Mexico, military personnel are authorized to take custody of migrants who illegally cross the border until they are transferred to civilian authorities in the U.S. Department of Homeland Security.
“The establishment of a second National Defense Area increases our operational reach and effectiveness in denying illegal activity along the southern border,” said Gen. Gregory Guillot, commander of the U.S. Northern Command.
In New Mexico, people who entered the U.S. illegally were charged Monday with breaching a national defense area after the Army assumed oversight of a 170-mile (274-kilometer) strip that is treated as an extension of U.S. Army Garrison Fort Huachuca, Arizona.
A press release from the military didn’t say how large the second zone in Texas was and officials were unavailable to comment on its dimensions Thursday night.
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Border crossers in the military zones face potential prosecutions on two federal crimes — entering the U.S. illegally and trespassing on military property. The moves come as President Donald Trump’s administration has deployed thousands of troops to the border and arrests have plunged to the lowest levels since the mid-1960s.

US President Trump's decision to name May 8 as "Victory Day"US President Donald Trump has announced that he has decided to name May 8, the date that marked the end of World War II in Europe with the Nazis' acceptance of unconditional surrender, as "Victory Day".
US President Trump's decision to name May 8 as "Victory Day"
President Trump, Truth SocialmediaHe made statements on his account regarding his country's role in World War I and World War II.
Arguing that the US did "much more" than other countries to win World War II, Trump said, "We will begin to celebrate our victories again."
In this context, Trump announced that he decided to name May 8 as World War II "Victory Day" and November 11 as World War I "Victory Day."
"We won both wars. No one was close to us in strength and courage, but we celebrate nothing because we don't have leaders who know how to do that anymore," Trump said.
On the other hand, while the White House has not yet made a statement on the issue, it is known that November 11 is celebrated as "Veterans Day" in the USA.
Hitler and his wife Eva Braun, who were trapped in Berlin after the Soviet Union and Western powers invaded Germany in 1945, committed suicide on April 30, 1945, and the Nazis accepted unconditional surrender in Europe on May 8, 1945.warwas over.

The currency in the area of interest closes four hours above 4.7, we will continue to rise
Closing four hours below 4.45, we will return to the 4 $ areas
No entry at current prices, we are waiting for a clear signal in which direction we will move.

Trader Joe's has a loyal following because of its diverse private-label products, global cuisine inspirations, and viral items like the limited-edition mini tote bags. And while some retailer are closing stores, Trader Joe's is expanding.
The specialty grocer opened two new locations in April in Seattle and Murfreesboro, Tennessee. An additional 21 are planned for this year.
Where and how many Trader Joe's are opening in 2025?
The planned 21 locations are spread out across 13 states and Washington, D.C., according to the “Opening Soon” section of the company’s website.

#BinanceAlphaAlert #Evryone #BinanceHODLerHYPER #TrumpVsPowell

TOPEKA, Kan. -- State lawmakers across the U.S. have introduced at least 240 anti-China proposals this year, aiming to ensure public funds don't buy Chinese technology or even T-shirts, coffee mugs and key chains for tourists. They're also targeting sister-city relationships between American and Chinese communities.
After years celebrating trade ties with China, states don't want police to buy Chinese drones, government agencies to use Chinese apps, software or parts, or public pension systems to invest in Chinese companies. A new Kansas law covers artificial intelligence and medical equipment, while in Arkansas, the targets include sister-city ties and state and local contracts for promotional items. Tennessee now prohibits health insurance coverage for organ transplants performed in China or with organs from China.
“Either the United States or China is going to lead the world in the next few decades,” Arkansas Gov. Sarah Huckabee Sanders said after successfully pushing a wide-ranging “Communist China Defense” package into law. “For me, I want it to be the U.S.”
The push started well before President Donald Trump imposed 145% tariffs on China, but his posture is encouraging state officials, particularly fellow Republicans. Sanders said her efforts compliment Trump's trade policies.
Anti-China proposals have been introduced this year in at least 41 states, but mostly in GOP-controlled legislatures, according to an Associated Press analysis using the bill-tracking software Plural.
Trump's rhetoric encouraged the push since his first term, said Kyle Jaros, an associate professor of global affairs at the University of Notre Dame who writes about China’s relationships with U.S. states. Then, the COVID-19 pandemic soured American attitudes.
“The first Trump administration had a very different message than the preceding Obama administration about state and local engagement with China,” Jaros said. “It tended to not see the value.”

Americans sour on Trump's handling of the economy, Reuters/Ipsos poll findsJust 37% of respondents to the six-day poll approve of Trump's handling of the economyUS President Donald Trump speaks to the media on board Air Force One on the way to Miami, Florida, US. Reuters
Americans elected President Donald Trump in hopes that he would fight inflation and boost the US economy, but as he approaches his 100th day in office they are giving the Republican poor marks for his handling of both, a new Reuters/Ipsos poll shows.
Trump has kicked off his term with an aggressive economic agenda, sparking trade wars as he slaps tariffs on major US trading partners, trying to pressure the Federal Reserve to bend to his will and setting off the worst selloff in US financial markets since the early months of the COVID pandemic five years ago.
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Just 37 percent of respondents to the six-day poll that concluded on Monday approve of Trump's handling of the economy, down from 42 percent in the hours after his January 20 inauguration, when he promised to supercharge the economy and bring about a "Golden Age of America." The reading is well below than at any point in his first term, when it ranged from the mid-40's to mid-50's.
"You have a president who promised a golden age," said James Pethokoukis, a senior fellow at the American Enterprise Institute, a conservative think tank. "But everything that's supposed to be up is down, everything that's supposed to be down is up."