Trump halts his intention to impose 50% tariffs on Canada on steel and aluminum.
Hours after first threatening to quadruple US duties on Canadian steel and metal imports to 50%, Donald Trump has canceled the plan. Nevertheless, 25% tariffs were implemented and entered into force on Wednesday.
The president’s action follows hours after Trump threatened to drastically raise tariffs on the US, when the Canadian province of Ontario suspended new 25% fees on electricity it exports to some northern US states. It was the most recent trade war conflict that could harm the two North American neighbors economically.
The US will offer Russia a 30-day truce.
Following a day of US-Ukraine negotiations in Saudi Arabia, Ukraine has stated that it is prepared to accept the US’s proposal for an immediate 30-day truce with Russia. According to US Secretary of State Marco Rubio, “the ball is in their court” and he would make the offer to Russia.
President Donald Trump has come up with a strategy for the crypto reserve.
President Donald J. Trump issued an Executive Order to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, positioning the United States as a premier country in government digital asset strategy.
The Order creates a Strategic Bitcoin Reserve to maintain bitcoin as a reserve asset. The Strategic Bitcoin Reserve will be capitalized with bitcoin possessed by the Department of Treasury that was forfeited through criminal or civil asset forfeiture proceedings. Other agencies will examine their legal authority to transfer any bitcoin in the possession of their agencies to the Strategic Bitcoin Reserve.