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Published: 11.02.2025
Total Summaries: 6
Trump to Announce 25% Tariffs on Steel and Aluminum Imports
President Donald Trump declared he will impose 25% tariffs on all steel and aluminum imports starting Monday, further intensifying U.S. trade tensions. This announcement came during his flight to the Super Bowl in New Orleans.
Trump plans to introduce additional reciprocal tariffs later in the week, targeting countries that impose levies on U.S. exports. The tariffs aim to bolster domestic production but may increase costs for U.S. manufacturers. The European Commission has vowed to protect its interests in response to these measures.
Trump Proposes Ending Penny Production Due to Wastefulness
Former President Donald Trump announced on Truth Social that he has directed the U.S. Treasury to cease minting new pennies, citing the high cost of production exceeding the coin's value. In 2023, the U.S. Mint incurred a $179 million loss from producing pennies, which often remain unused. Discussions about discontinuing the penny date back to the 1970s, yet logistical challenges and public sentiment complicate the issue. While some argue that eliminating the penny could lead to price increases, others believe it would ultimately balance out.
Trump Proposes No Right of Return for Palestinians in Gaza Plan
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Read extended summarySources (7)Judge Orders Trump Administration to Unfreeze Federal Funding
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Read extended summarySources (7)Third Federal Judge Blocks Trump's Birthright Citizenship Order
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Read extended summarySources (7)US Marine Killed in Military Aircraft Crash in the Philippines Identified
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Read extended summarySources (7)