News

The United States is set to impose a 25% tariff on all imported cars on April 3, which is expected to lead to higher car prices for consumers. This move is part of President Trump's plan to encourage auto producers to move more of their production to the US, although experts believe this is unlikely to happen.

A federal judge has temporarily blocked the Trump administration from dismantling the Consumer Financial Protection Bureau, ruling that the agency's existence must be maintained until the case is resolved. The judge's decision sets the stage for an appeal that will test President Trump's theory of executive power against congressional mandates.

23andMe, a leading at-home genetic testing company, filed for Chapter 11 bankruptcy in March 2023, raising concerns about the fate of its 15 million customers' genetic data. While the company assures users their data will be protected, experts warn of potential misuse, highlighting the need for clear ethical guidelines and regulations to safeguard individuals' privacy and prevent exploitation.

Canadian Prime Minister Mark Carney informed President Donald Trump that Canada will retaliate with tariffs of its own if Trump moves forward with his promised import taxes. Despite the tension, both leaders expressed a hopeful tone after the call, agreeing to begin comprehensive negotiations about a new economic and security relationship following Canada's federal election on April 28th.

The US stock market has experienced significant volatility in March due to President Trump's tariff announcements, but experts emphasize that this is a normal part of investing and advise against panic selling. Instead, investors should focus on long-term goals, maintain a diversified portfolio, and stay calm during market fluctuations.