Trump tariffs trigger global market shock akin to Covid rout
Wall Street slid widely on fears that Trump's new tariffs will slow growth and raise inflation. The S&P 500 fell 4.8 percent, the Dow dropped about 1,679 points, and the Nasdaq shed around 6 percent, signaling a sharp risk-off across oil, tech, and currencies amid a fragile global economy.
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Tariff Hikes Face Pushback From Some Republicans in Congress
The report notes tariff price hikes may begin with clothing cars and coffee as administrations weigh new duties. Several Republican members of Congress push back against Trump's tariff plan signaling House opposition and potential concessions.
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Hinson defends DOGE tariffs in tele town hall
Iowa Rep. Ashley Hinson hosted a telephone town hall drawing about 8 600 participants. Hinson pressed wasteful spending cuts and border security while endorsing President Trump policies and tax cuts set to expire. The plan directs major spending cuts to offset extending tax cuts and fund new ones amid GOP budget framework debates.
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Ashley Hinson
House Energy and Commerce Committee
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Iowa Republicans divided over key issues in second funnel
Iowa lawmakers remain split on major matters as the second funnel nears. Senate advances eminent domain limits for hazardous liquid pipelines after amendments, while House stalls pesticide liability bill. DEI curtailment proposals diverge between chambers, with Senate pushing private college funding bans. Amy Sinclair and Pat Grassley clash over timing as procedural rules constrain cross-chamber passage.
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