The war of words between US President Donald Trump and his biggest financial backer, billionaire Elon Musk, has escalated further, rapidly evolving from mutual attacks on social media to a public split.
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US President Trump and billionaire Elon Musk have publicly broken off relations.
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US President Donald Trump signed an executive order on Tuesday (June 3rd), raising tariffs on steel and aluminium from 25% to 50%, fulfilling his promise to increase import taxes to assist domestic manufacturers in the United States.
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Starting from June 4, 2025, the United States' measure to double the tariffs on imported steel and aluminum from 25% to 50% officially came into effect.
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The US government filed an appeal with the Supreme Court on Monday (June 2nd), demanding the revocation of the temporary injunction previously issued by the federal court that prevented federal agencies and the Department of Government Efficiency from advancing large-scale layoffs and institutional restructuring plans.
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US billionaire Elon Musk announced that his term as a special government employee will come to an end, raising questions about the future of the Government Efficiency department he leads.
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In May 2025, a "tax and fiscal civil war" sparked by global billionaire Elon Musk and US President Donald Trump became the focus of American politics.
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In May 2025, a statement by US President Donald Trump on the social media platform "True Social" caused a huge stir: He announced that he was considering withdrawing about 3 billion US dollars in federal grants from Harvard University and redirecting them to vocational schools across the country.
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U.S. Secretary of State Rubio has ordered U.S. embassies around the world to suspend the scheduling of new student visa interviews.
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The US government is expected to obtain a "golden share" right from US Steel Corporation, which is one of the conditions for the federal government to approve Nippon Steel's acquisition of US Steel.
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On November 14th, local time, the Ukrainian army launched a large-scale joint attack on the Russian Black Sea port of Novorossiysk.
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