President Trump's top economic advisor, Gary Cohn, has resigned from his post. This announcement came just days after Trump announced his decision to impose tariffs on steel and aluminum imports, a move that Cohn strongly opposed. Joseph Sternberg is the Wall Street Journal's editorial page editor for Europe, and he joins Cheddar to break down all of this could mean for U.S. and EU relations.
Sternberg explains that Cohn's resignation is just another indication that the Trump tariff decision lacks unity. Beyond that, the EU has also said if these tariffs are put in place, there will be counter-attack tariffs placed against imported goods from the U.S. The goods targeted will likely include Levi jeans, bourbon, peanut butter, cranberries, orange juice, and others.
Citigroup’s Global Chief Economist, Nathan Sheets, breaks down the Fed’s decision to hold rates, Trump’s reaction, and the likelihood of a cut this fall.
Tony Edward discusses Ethereum’s rise, governance of corporate crypto treasuries, the newly signed GENIUS Act, and the pending CLARITY Market Structure Act.
The Ether Machine, led by CEO David Merin, announces a $1.5B SPAC IPO. The firm holds 400K ETH, making it the largest Ethereum treasury holder globally.
President Donald Trump pulled a rabbit out of his trade war hat this week, announcing a trade deal with Japan putting 15% tariffs on most Japanese imports.
