🗞️Trump's tariffs round 2

...also Apple's robots and ceasefire is back on

February 13, 2025

February 13th, 2025

What happened today 🇺🇸,

Trump signs memo to determine reciprocal tariffs on US trading partners

Trump signed a memo calling on his administration to determine "the equivalent of a reciprocal tariff with respect to each foreign trading partner."

abcnews.go.com/amp/Politics/trump-signs-order-determine-reciprocal-tariffs-us-trading/story?id=118792336

  • Trump had announced reciprocal tariffs on U.S. trade partners that currently have tariffs in place on the U.S., they are expected to go into effect by April 1st, there will be no tariffs if products are made in America, the tariffs will be implemented on country-by-country basis, and the plan is to target countries with the largest trade deficits

  • The top federal prosecutor in New York and two senior federal prosecutors in D.C. have resigned after refusing to follow the Justice Department order to drop the corruption charges against NYC mayor Eric Adams

  • Elon Musk and his investor group will withdraw their $97.4 billion bid for OpenAI if the company stops its conversion into a for-profit entity

  • Musk and his Department of Government Efficiency will be arriving at NASA to review payments at the U.S. space agency, per Bloomberg

  • Since yesterday when a federal judge allowed the Trump administration’s federal employees buyout program to resume 10,000 more employees have resigned bringing the total number up to 75,000

  • The Senate had officially confirmed Robert Kennedy jr. to be Secretary of Heath and Human Services and Brooke Rollins to be Secretary of Agriculture

  • Apple is bringing TikTok back to the App Store following a letter from the Trump Administration, per Bloomberg

  • Apple is also exploring both humanoid and non-humanoid robots for its future smart home ecosystem

  • January PPI inflation came in at 3.5% above expectations of 3.2% year over year and .4% above the expectations of .3% month over month

  • The average rate on a 30-year mortgage declined for the fourth straight week to 6.87% down from 6.89% last week

  • DOW up .77% / S&P up 1.04%

  • The ceasefire between Israel and Hamas seems to be back on track as Hamas has said they will release the next three hostages on Saturday like previously agreed upon

Bonus: A look at the rising costs of Super Bowl ads over the years

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