Final week was a whirlwind of stories, with main developments unfolding from the White Home to El Salvador. From Elon Musk’s new authorities function to President Trump’s newest tariff imposition, the weekend was full of tales that saved us on our toes. Right here’s a fast recap of the highest tales.
Elon Musk’s New Authorities Position
Elon Musk has been appointed as a “particular authorities worker” by the White Home. Musk’s new function, main Trump’s cost-cutting initiative, the Division of Authorities Effectivity, has sparked issues amongst some businesses and Democratic lawmakers. The billionaire’s appointment permits him to doubtlessly bypass sure disclosure guidelines relevant to common authorities staff.
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Trump’s Tariffs on High Buying and selling Companions
President Donald Trump imposed tariffs on America’s three largest buying and selling companions – Canada, China, and Mexico. Whereas economists warn about potential damaging impacts, macro strategist Craig Shapiro argues that these tariffs may function a instrument for transitioning the U.S. financial system to a extra sustainable future.
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Bukele’s Jail Proposal
El Salvador’s President Nayib Bukele has supplied to incarcerate convicted criminals from the U.S. in his nation. This proposal, praised as “unprecedented” by U.S. Secretary of State Marco Rubio, may make El Salvador’s jail system sustainable.
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DOGE Scandal
Marko Elez, a Division of Authorities Effectivity workers member, resigned following revelations of his involvement with a racist social media account. This comes amid a authorized dispute involving Elez’s entry to delicate Treasury Division knowledge.
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Chevron’s Venezuela Enterprise
The Trump Administration is in talks with Chevron Corp CVX over the corporate’s enterprise in Venezuela. The administration may doubtlessly revoke Chevron’s license to function within the nation.
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