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Trump Latest Announcement Trade Tariffs on Automobiles: President Trump announced that, starting April 2, 2025, the U.S. will impose a 25% tariff on automobile imports from countries including Canada. This decision has heightened trade tensions, with Canadian Prime Minister Mark Carney responding that Canada will implement retaliatory measures.Effect: This will impact directly on Base Metals - Copper, Steel, Aluminium price will go down for short term right now.Budget Fix for Washington, D.C.: The President endorsed a legislative measure to address a $1.1 billion shortfall in Washington, D.C.'s budget. He urged the House of Representatives to pass the bill, highlighting the importance of financial stability for the district. Concurrently, he established the D.C. Safe and Beautiful Task Force to tackle issues related to crime and cleanliness in the capital.Legal Services Partnership: The law firm Skadden, Arps, Slate, Meagher & Flom LLP agreed to provide $100 million in pro bono legal services for initiatives supported by the Trump administration. This collaboration has sparked internal debates within the firm regarding its cultural and ethical implications.Greenland Acquisition Efforts: President Trump has intensified efforts to bring Greenland under U.S. control, threatening economic sanctions and suggesting potential military action if Denmark does not comply. This move underscores Greenland's strategic importance and resource potential, though it has faced international criticismExecutive Order on Smithsonian Institution: The President signed an executive order aimed at removing what he terms "improper ideology" from the Smithsonian museums and the National Zoo. This action has drawn criticism from civil rights advocates and historians who view it as an attempt to sanitize aspects of U.S. history.
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