Morning Wire Trade War Escalates & Coal's Comeback | Afternoon Update | 4.11.25
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Apr 11, 2025 Tensions rise as the trade war between the U.S. and China escalates, with hefty tariffs impacting the economy. In a surprising twist, coal is back in focus as the White House signs new support for it, emphasizing its role in energy policy amid growing electricity demands. In other news, a tragic nightclub roof collapse in the Dominican Republic highlights recent global misfortunes. Meanwhile, the 2025 Masters golf tournament kicks off, promising excitement on the green.
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Trade War Impact
- China raised tariffs on U.S. goods to 125%, impacting the U.S. dollar and gold prices.
- This trade war escalation has caused major stock indexes to fall and global markets to shake.
Positive Economic News
- The U.S. producer price index dropped, exceeding expectations.
- This positive economic news suggests a potential slowdown in inflation.
Space Base Leadership Change
- The commander of the U.S. space base in Greenland was removed due to loss of confidence in her leadership.
- This follows her pushback against Vice President J.D. Vance's comments during a visit.