After President Trump’s announcement of a pause on most tariffs, Asian markets surged, with Japan’s Nikkei 225 jumping 8.3% and other markets in the region experiencing significant gains. However, China will still face import taxes of 125% on goods shipped to the U.S. In response to Trump’s tariff pause, AOC called for members of Congress to disclose recent stock purchases, while the U.K. will continue trade negotiations calmly. Additionally, Trump signed an executive order to ease U.S. weapons exports and increase sales for defense contractors. The Dow Jones and NASDAQ also saw record-breaking gains following the tariff pause announcement. In other news, the Department of Justice requested to drop a case against a Virginia man previously accused of being a top MS-13 gangster, and a judge ruled that Newsmax defamed Dominion Voting Systems. Lastly, former Homeland Security Adviser Olivia Troye criticized Trump’s investigation into political enemies, calling it “incredibly disturbing.” Senator Bernie Sanders expressed concern over the possibility of insider trading following Trump’s tariff reversal.
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