It’s time for the week’s round-up. Here are the top stories that made headlines over the week.
President Donald Trump‘s trade war with Canada, the potential record-high gas prices and Japan’s debt crisis were some of the significant events that unfolded over the week.
Trump’s Trade War With Canada
Trump’s decision to impose 50% tariffs on $20 billion worth of Canadian goods, including hockey sticks, could further escalate the trade conflict. This move, which is seen as a breach of the CUSMA trade agreement, could have a significant impact on U.S. energy security.
Read the full article here.
Gas Prices Set to Hit Record High
Analyst Patrick De Haan predicts that U.S. gasoline prices could remain above $4 per gallon, setting a new record for the highest average price ever recorded. The national average is currently at $4.08 per gallon and is expected to surpass even 2022 levels within about a week.
Read the full article here.
Peter Schiff Warns of Japan’s Debt Crisis
Economist Peter Schiff warns that Japan’s mounting debt and bond market pressures could trigger the next global financial crisis. The country’s financial system could unravel before the U.S., potentially sparking a broader global financial crisis.
Read the full article here.
Trump Administration’s Plan to Buy Japanese Yen
A photograph taken during President Donald Trump’s Friday cabinet meeting at Camp David showed Treasury Secretary Scott Bessent‘s notepad with “Buy Japanese Yen (JPY) $5-10 bil” listed as a “To Do” item.
Read the full article here.
NYC Mayor’s 30% Grocery Discount Plan
New York City Mayor Zohran Mamdani unveiled a plan to offer a 30% discount on essential groceries at city-backed grocery stores. This move has been criticized by “Shark Tank” investor Kevin O’Leary, who believes that taxpayers will ultimately bear the cost.
Read the full article here.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock
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