💨 Abstract
President Donald Trump will not fire the Federal Reserve head, causing a relief in US markets. Treasury Secretary Scott Bessent expects a de-escalation in the trade war with China, as ongoing tariffs are deemed unsustainable. Elon Musk, with Tesla profits tanking, advised against tariffs and will reduce time in Washington. Two law firms are seeking court orders to block executive orders designed to punish them.
Courtesy: wtop.com
Summarized by Einstein Beta 🤖
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