President Trump announced a one-month delay on implementing tariffs on Mexico, sparking speculation among Wall Street economists about the longevity of the proposed tariffs on Mexico and Canada. Claudio Irigoyen of Bank of America believes the tariffs are a negotiating tactic to increase US leverage in trade agreements, with others like Jan Hatzius of Goldman Sachs predicting the tariffs will be short-lived. Tom Lee of Fundstrat suggests that the markets are overreacting and that resolving the conflict could lead to a positive outcome. Stocks rebounded after the news of the tariff delay.
Full Article
Hegseth declares ‘new era' under Trump in visit to southern border in Texas
Defense Secretary Pete Hegseth and Tom Homan visited the southern border in El Paso, Texas, pledging to secure the border and end the crisis. They emphasized the importance of focusing on U.S. sovereignty and defending against illegal immigration. Trump's deployment of over 1,500 troops to the border has led to a decrease in encounters. Hegseth stated that those at the border are motivated to defend their communities from unknown intentions. The visit follows other migration-focused...
Read more