The Bitcoin Bros go wild for Donald Trump
Former US President Donald Trump on Friday said he’ll be setting up a council to advise him on how to regulate cryptocurrencies. The council will be formed during the first 100 days of Trump’s presidency, the White House said. The council will be formed to create regulatory guidance for cryptocurrencies in the first 100 days, it added.
Big tech backing Trump is inevitability
Silicon Valley Venture Capitalists Marc Andreessen and Ben Horowitz, in a podcast released this week, said that their decision to support Donald Trump for the US Presidential election was the result of “the final straw” presented by Joe Biden’s Budget proposal. “The only big policy platform he had were sweeping tax cuts, which was a huge giveaway to corporations,” they added.
The US will be increasing tariffs on solar panels, batteries, and computer chips
US President Donald Trump, in his speech to the National Governors’ Association last week, said that his administration is “going to take a look at China and it’s going to be very good for us”. He added that China will be “very happy” to have him as its President. He said, “We’re going to have a better relationship with China.”
Michael Cohen is returning to the stand before Biden announced new Chinese tariffs
The White House has downplayed the risk that the new levies could spark retaliation from China, stating that the issues have been discussed during meetings of top US and Chinese officials. Earlier, US President Donald Trump said he would increase tariffs on all imports, including targeting Chinese cars if he’s elected. However, the White House said that comments would cause a hike in consumer prices.
Biden does not want China to bring cheap EVs to the US
US President Donald Trump has decided to impose higher tariffs on imports of Chinese electric vehicles (EVs) in a bid to stop China from importing cheaper plug-in vehicles to the US, The Wall Street Journal reported. Trump is planning to impose duties of up to 150% on imports of electric vehicles from China, it added.
Gaza cease-fire talks inch forward while the Supreme Court hears a case
The US Supreme Court has been asked to rule on a case challenging Facebook’s removal of former US President Donald Trump’s posts from the platform. Facebook and Instagram had filed a lawsuit against the state over the removal of Trump’s content from their platforms. The social media giants said it was unconstitutional to force them to remove posts that could incite violence.