Reuters World News Musk’s cuts, Trump’s trade squeeze, Powell and China space race
Feb 13, 2025
Donald Trump has directed U.S. agencies to support Elon Musk in streamlining the federal workforce. As tariffs loom, countries are adjusting to avoid repercussions. Jerome Powell is scrutinized over tariff impacts on the economy. Tensions rise in the Middle East with diplomatic strains involving Jordan and Israel. Meanwhile, China forges numerous agreements with African nations to boost its space dominance, signaling a new chapter in the global space race.
AI Snips
Chapters
Transcript
Episode notes
Federal Workforce Reduction
- President Trump ordered U.S. agencies to cut the federal workforce.
- Elon Musk's team will oversee these layoffs, focusing on government efficiency.
Gaza Ceasefire and Palestinian Displacement
- Trump discussed Palestinian displacement with Jordan's King Abdullah, who rejected the idea.
- Netanyahu threatened to end the Gaza ceasefire if Hamas doesn't release hostages by Saturday.
Powell's Congressional Testimony
- Jerome Powell commented on the economy's strength to Congress.
- He avoided tariff discussions and deferred to Congress on policy decisions.