Donald Trump raises steel and aluminum tariffs to 50%: Will higher levies affect US industry? What's next
Thursday, 5 June 2025 () US President Trump has escalated tariffs on steel and aluminum imports to 50%, aiming to bolster the domestic steel industry. However, sectors like housing, automotive, and canned goods are bracing for price hikes. While US steelmakers anticipate job creation, foreign producers, especially Canada, face challenges. Automakers warn of disadvantages, and homebuilders foresee increased construction costs, impacting affordability for consumers.
During a public moment with German opposition leader Friedrich Merz, Donald Trump was presented with a framed birth certificate of his grandfather, Friedrich Trump. Born in 1869 near Brandenburg, Friedrich emigrated to the U.S. in 1885, laying the foundation for the Trump family’s real estate...
Tesla shares plunged 14% Thursday, erasing $150 billion in market value, as Elon Musk’s feud with Donald Trump escalated publicly. Investors fear the fallout could jeopardize Tesla’s regulatory..
Elon Musk and Donald Trump’s feud has officially gone interstellar. In a stunning escalation, Musk threatened to “decommission” SpaceX’s Dragon spacecraft — the only active U.S. vehicle..
The Musk–Trump alliance has exploded into public hostility. In a shocking post on X, Elon Musk accused Donald Trump of being named in the “Epstein files,” claiming that’s why key documents..
Thursday, 5 June 2025 ()
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