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German Auto Industry Pleads for Trade Talks After Trump Announces 25% Tariff on EU Cars

Key Points: President Donald Trump announced plans on Friday to raise tariffs on cars and trucks imported from the European Union to 25%. Germany's auto association president Hildegard Mueller urged both sides to hold swift talks and honor their existing trade deal. Mueller warned that the massive cost of these new tariffs will ultimately hurt everyday car buyers in the United States. The sudden tariff...

Federal Reserve Officials Clash Over One Word Suggesting Future Rate Cuts

Key Points: The Federal Reserve held interest rates steady but used the word "additional" to hint at future rate cuts. Three regional bank presidents openly dissented against this specific language due to rising inflation risks. The recent outbreak of war with Iran pushed global oil prices to $100 a gallon, completely changing the economic outlook. Incoming Federal Reserve Chair Kevin Warsh faces massive internal resistance...

White House Backs Away From Promises on Falling Gas Prices

Key Points: The Trump administration stopped providing exact timelines for when high gas prices would finally go down. National average gas prices jumped to $4.39 per gallon this week, an increase of $0.30 in just seven days. The ongoing war between the United States and Iran continues to block massive oil shipments through the Strait of Hormuz. Energy officials no longer promise that fuel costs...