Top Senate Democrats Schumer, Warren and Wyden plan to urge President Trump to end tariffs, issue refunds and stop the Iran war, arguing his policies are raising costs, Semafor reports
The push from top Senate Democrats to urge President Trump to end tariffs and issue refunds signals a potential shift in fiscal policy that could alleviate cost pressures on consumers and businesses.
Ambrey says a merchant vessel reported an explosion whilst 40.2NM Northwest of Abu Dhabi's free port; no casualties or damage to merchant vessel reported
FHFA Director Pulte said the agency will unveil a proposal within one to two weeks to further cut home-buying costs, Semafor reports
Top Senate Democrats Schumer, Warren and Wyden plan to urge President Trump to end tariffs, issue refunds and stop the Iran war, arguing his policies are raising costs, Semafor reports
European Parliament's Trade's Committee officially approves legislation to cut import duties for US products as part of the Turnberry trade agreement with the US
EU's Kallas says Croatia can provide Hungary with oil it needs; says there are alternatives for Hungary's Ukraine loan veto, Hungary not cooperating in good faith
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This could influence inflation expectations and impact U.S. dollar strength, potentially making commodities like gold and oil less expensive in the long run. The proposed policy changes may also signal a broader reconsideration of U.S. foreign engagements, notably the situation with Iran, which could affect geopolitical risk premiums in markets.
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