US President Trump: Want tariffs “much bigger” than 2.5%

Speaking with reporters on Air Force One, US President Donald Trump said early Tuesday that he “wants tariffs “much bigger” than 2.5%” as proposed by Treasury Secretary Scott Bessent.

Trump said that he hasn't decided on the level yet.

Jan 28, 2025

Japan’s Akazawa: Will closely monitor the impact of rate hike on economy

Japan's Economy Minister Ryosei Akazawa said on Tuesday that he ”will closely monitor the impact of the rate hike on the economy.” Separately, the Bank of Japan (BoJ) announced that it would provide JPY200 billion through the outright purchase of commercial paper.

White House pauses all federal grants, sparking confusion – WaPo

Citing an internal memo sent by the Office of Management and Budget to agencies Monday, the Washington Post (WaPo) reported early Tuesday that “the White House budget office is ordering a pause to all grants and loans disbursed by the federal government.” Additional takeaways “Trillions of dollars could be on hold.” “Matthew J.