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Today’s Rundown:
- CHINA TO RAISE TARIFFS ON U.S. GOODS FROM 84% TO 125% STARTING SATURDAY: In retaliation to the U.S. raising tariffs on Chinese imports to 145%, China announced it will increase tariffs on U.S. goods from 84% to 125%, effective Saturday. The Chinese Commerce Ministry criticized the U.S. actions and indicated plans to file a lawsuit with the World Trade Organization.
- APPLE AIRLIFTED 600 TONS OF IPHONES TO U.S. TO BEAT TRUMP’S TARIFFS AS CUSTOMERS RUSH TO BUY To circumvent impending tariffs, Apple airlifted approximately 600 tons of iPhones, equivalent to around 1.5 million units, from India to the U.S. This strategic move aimed to build up inventory ahead of the tariff implementation.
- CHINA TO LIMIT NUMBER OF AMERICAN FILMS IMPORTED AMID ESCALATING TARIFF FIGHT: Amid escalating trade disputes, China plans to “moderately reduce” the number of American films imported, impacting Hollywood’s access to the Chinese market.
- TRUMP’S PROPOSED PHARMACEUTICAL TARIFFS COULD SPIKE PRICES, TRIGGER DRUG SHORTAGES: The Trump administration’s proposed tariffs on imported pharmaceuticals have raised concerns about potential drug shortages and increased prices. Experts warn that such tariffs could affect the availability of essential medications and hinder research and development efforts.
- TRUMP ADVISER PETE HEGSETH URGES PENTAGON TO CUT TIES WITH SCOUTING AMERICA: An adviser to Defense Secretary Pete Hegseth has recommended that the Pentagon reevaluate its relationship with Scouting America, formerly known as the Boy Scouts. Critics argue that the organization has become overly “woke,” prompting discussions about potential changes in collaboration.
- SOULJA BOY FOUND LIABLE FOR SEXUAL ASSAULT AND KIDNAPPING OF FORMER ASSISTANT: A jury has found rapper Soulja Boy liable for $4.25 million in a civil lawsuit involving allegations of sexual assault and kidnapping of a former assistant.
- PAT MCAFEE VOWS TO FIND ‘SILVER LINING’ AFTER VIRAL SEXUAL RUMOR SPARKS CONTROVERSY: ESPN host Pat McAfee has pledged to find a “silver lining” after facing backlash for amplifying an unverified sexual rumor involving an Ole Miss student. He expressed regret for his involvement and aims to address the situation constructively.
- LEBRON JAMES KEN DOLL SPARKS BACKLASH ON SOCIAL MEDIA: Mattel has introduced a LeBron James-themed Ken doll, making him the first professional athlete to receive this honor. The doll celebrates James’ contributions both on and off the court.
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