The Republican-run U.S. House of Representatives re-elected Mike Johnson as its speaker on the first ballot, with two GOP lawmakers changing their votes. This outcome eases concerns over Washington’s ability to deliver important measures to the markets. Johnson’s re-election signals continuity and stability in the House leadership, potentially providing reassurance to investors and stakeholders.
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Trump Says His Tariffs Will Take Effect Wednesday
President Trump has finalized a plan for reciprocal tariffs, set to be announced on Wednesday, aimed at addressing unfair trade practices. The administration is considering various tariff strategies, with the possibility of different levels for different countries. The European Union is preparing to respond with countermeasures, potentially targeting services and big tech firms in retaliation. Full Article
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