Bull Hedging
  • Politics
  • Stocks
  • Business
  • Investing
  • Politics
  • Stocks
  • Business
  • Investing

Bull Hedging

Politics

Here’s what happened during Trump’s 11th week in office

by admin April 6, 2025
April 6, 2025
Here’s what happened during Trump’s 11th week in office

President Donald Trump marked the week by unveiling an unprecedented wave of tariffs on imports to the U.S., aligning with his long-held position that other countries have taken advantage of the U.S. in trade. 

Trump disclosed the historic tariffs in a ceremony at the White House’s Rose Garden for a ‘Make America Wealthy Again’ event, asserting these new duties would generate new jobs for U.S. workers. 

‘For nations that treat us badly, we will calculate the combined rate of all their tariffs, nonmonetary barriers and other forms of cheating,’ Trump said Wednesday.

‘And because we are being very kind, we will charge them approximately half of what they are and have been charging us,’ he said. ‘So, the tariffs will be not a full reciprocal. I could have done that. Yes. But it would have been tough for a lot of countries.’

The tariff plan establishes a baseline tax of 10% on all imports to the U.S., along with customized tariffs for countries that place higher tariffs on American goods. The baseline tariffs of 10% will take effect Saturday, while the others will take effect Wednesday. 

The Trump administration previously imposed a 25% tariff on imported vehicles, up to 25% tariffs on certain goods from Mexico and Canada and a 20% tariff on shipments from China. The tariffs already imposed on Canada and Mexico remain unaffected, but the new tariffs on China will be added on top of the previous duties on Beijing, according to the White House. 

The tariffs have faced backlash from both parties in Congress, and allies, including Canada and Australia. A bipartisan group of senators introduced legislation Friday called the Trade Review Act of 2025 that would require the executive branch to provide Congress a 48-hour notice before imposing tariffs. Likewise, the measure would permit tariffs to expire after 60 days, unless Congress moves to approve a joint resolution codifying the duties. 

Treasury Secretary Scott Bessent urged countries against imposing retaliatory tariffs against the U.S. in response. 

‘My advice to every country right now: Do not retaliate,’ Bessent said in an interview Wednesday with Fox News. ‘If you retaliate, there will be escalation.’

Here’s what also happened this week: 

National Security Council firings 

Trumpalso disclosed that several members of the National Security Council, headed by National Security Advisor Mike Waltz, were fired Thursday. Trump said the firings affected a small number of employees, and he still had a high level of confidence in his national security team. 

‘Always, we’re going to let go of people we don’t like or people we don’t think can do the job or people who may have loyalties to somebody else,’ Trump told reporters on Air Force One when asked about media reports on the firings.

The firings come amid scrutiny over Waltz’s use of a Signal group chat to discuss strikes in Yemen after a journalist was accidentally added to the group. 

Waltz created the group chat that included White House leaders like Vice President JD Vance and Secretary of Defense Pete Hegseth. The chat also included Atlantic editor-in-chief Jeffrey Goldberg.

The White House said classified information was not shared via the encrypted messaging service. However, The Atlantic published the full exchange of messages March 26. The messages included certain attack details, including specific aircraft and times of the strikes. 

Still, the White House has defended Waltz and said the White House is no longer looking into the incident. 

‘As the president has made it very clear, Mike Waltz continues to be an important part of his national security team,’ White House press secretary Karoline Leavitt told reporters Monday. ‘And this case has been closed here at the White House as far as we are concerned.’

Musk’s DOGE status 

The White House confirmed that SpaceX and Tesla CEO Elon Musk would depart his position spearheading the Department of Government Efficiency (DOGE) later this spring in response to reports from Politico that Trump was disclosing to those close to him that Musk would ‘step back’ from his role with DOGE in the forthcoming weeks. 

‘This ‘scoop’ is garbage,’ Leavitt posted on X Wednesday. ‘Elon Musk and President Trump have both *publicly* stated that Elon will depart from public service as a special government employee when his incredible work at DOGE is complete.’

Musk is a ‘special government employee.’ The executive or legislative branches are permitted to take on temporary employees to address short-term projects for up to 130 days in a single 365-day period. For Musk, that period of time will expire at the end of May.

Musk and Trump have previously said they anticipate Musk will complete the work necessary for DOGE within that window of time. 

Fox News’ Emma Colton contributed to this report. 

This post appeared first on FOX NEWS

previous post
Speaker Johnson moves on Senate’s Trump budget bill as House GOP rebels threaten to defect
next post
Democrats propose bill to prevent Trump from relocating federal agencies outside DC

Related Posts

Elon Musk warpath against Trump’s ‘big, beautiful bill’...

June 5, 2025

Trump pardons Rudy Giuliani, Mark Meadows, Sidney Powell,...

November 10, 2025

The ‘F-word’: Schumer says Trump’s first 100 days...

May 1, 2025

Key aide in IRS’ Tea Party targeting controversy...

August 6, 2025

Ex-Biden advisor calls Jean-Pierre ‘kinda dumb,’ deletes tweet,...

June 6, 2025

Trump backs Cuomo and threatens to cut federal...

November 4, 2025

Russian drone crashes in Polish field; Warsaw protests...

August 21, 2025

Rosie O’Donnell’s Trump obsession continues unabated from Ireland...

December 7, 2025

Vance visits Capitol Hill to urge senators to...

March 5, 2025

Hegseth orders ‘historic’ reduction of general officers in...

May 6, 2025

Recent Posts

  • The Real Drivers of This Market: AI, Semis & Robotics
  • S&P 500 Breaking Out Again: What This Means for Your Portfolio
  • Capitol police arrest Rubio hearing disruptor, as Republican senator says ‘off to jail’
  • Trump calls on employers nationwide to match contributions into workers’ kids’ Trump Accounts
  • Rubio warns NATO allies US is ‘not simply focused on Europe,’ doesn’t have unlimited resources

Recent Comments

No comments to show.

About Us

About Us

Design Magazine

Welcome to Design Magazine. Follow us for daily & updated design tips, guide and knowledge.

Stay Connect

Facebook Twitter Instagram Pinterest Youtube Email

Recent Posts

  • The Real Drivers of This Market: AI, Semis & Robotics

    January 29, 2026
  • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    January 29, 2026
  • Capitol police arrest Rubio hearing disruptor, as Republican senator says ‘off to jail’

    January 29, 2026
  • Trump calls on employers nationwide to match contributions into workers’ kids’ Trump Accounts

    January 29, 2026
  • Rubio warns NATO allies US is ‘not simply focused on Europe,’ doesn’t have unlimited resources

    January 29, 2026
  • Gulf shipping operations grind to halt near Iran, US quietly prepares for possible strike: ‘Heightened risk’

    January 29, 2026

Editors’ Picks

  • 1

    Environmental Approval for Boland Infield Studies & Update on Scaled Column ISR Test

    September 19, 2025
  • 2

    Small Caps are Set to Skyrocket in 2025—Here’s What You Need to Know

    December 12, 2024
  • 3

    Trump leaves China guessing what his next move is with unusual inauguration invitation

    December 15, 2024
  • 4

    Ad revenue should stabilize for media companies in 2025 — if they have sports

    December 31, 2024
  • 5

    Zinc Stocks: 4 Biggest Canadian Companies in 2025

    January 15, 2025
  • 6

    Uranium Price Forecast: Top Trends That Will Affect Uranium in 2025

    December 19, 2024
  • 7

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
Promotion Image

banner

Categories

  • Business (607)
  • Investing (2,913)
  • Politics (3,568)
  • Stocks (1,054)
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Copyright © 2026 bullhedging.com | All Rights Reserved