Tariffs: President Trump said China violated an agreement with the U.S. to mutually roll back tariffs and trade restrictions for critical minerals and issued a new threat to get tougher with Beijing. Trump also said he would double the tariff on foreign-steel imports to 50%. Global stocks notched a weekly gain despite roiling over two key court rulings on the legality of the U.S. tariffs.
TACO & FAFO: Market observers have taken a cue from Trump's fondness for condensing slogans into catchy acronyms. Here's a brief list of the ones that you should know if you are anything like me, that is to say, embarrassingly slow to catch on.
Deportations: The Supreme Court swept away another obstacle to mass deportation, showing its willingness to back Trump's hardline approach to immigration. The justices, though, have signaled reservations with how he is carrying it out. An appeals court refused to allow the administration to carry out mass layoffs of federal workers. The White House pulled two ICE officials from their posts as Trump demands more migrant arrests.
Germany keeps a third of its gold at the Federal Reserve. This used to be little more than a talking point among right-wingers, but it has become a matter of public debate now that Trump is back in the White House.
Namibia's politicians and people are voicing fresh calls for reparations from Germany, whose soldiers killed some 75,000 people during its colonial rule in southwestern Africa.
Years of raw sewage spilling into Kanfers Dam outside Kimberley, South Africa, have caused pink lesser flamingos to flee. Only three breeding sites remain, two in Botswana and one in Tanzania.
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