President Trump announced a 90-day pause on tariffs for all nations except China. However, a 125% tariff on Chinese goods was imposed immediately due to what Trump called China’s lack of respect for global markets. Representatives from over 75 nations have contacted the U.S. to negotiate trade matters. (UPI)
President Trump’s pause in tariffs caused a historic stock market rally. The S&P 500 surged 9.52%, the Dow Jones climbed 7.87%, and the Nasdaq jumped 12.16%. The one-day gain ranks as the third biggest since World War II for the main stock market benchmark. Stock prices rose sharply following the news. (NBC News)
Deadly storms in the central U.S. triggered flood alerts in Kentucky, Tennessee, Indiana, and Arkansas. Major flooding persists with 26 river gauges at major flood stage. Governors urge vigilance as fatalities rise to 24 across multiple states. Historic rainfall has prompted emergency declarations in some states. (ABC News)
Texas and New York judges temporarily blocked U.S. government from deporting jailed Venezuelans. The cases involve individuals, including some alleged gang members, challenging their deportation. The actions come after the Supreme Court ruled deportees must have a chance to argue against removal. (AP)
The Trump administration is withholding $790 million from Northwestern University and over $1 billion from Cornell University due to ongoing Title VI investigations. This freeze is part of actions taken against elite universities regarding diversity programs and protests. (CNN)
