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Trump Files $10 Billion Lawsuit Over IRS Tax Leak

US President Donald Trump and his sons Eric Trump, left, and Donald Trump Jr, right, have sued the US federal government over tax leaks.  A new legal battle has erupted as President Donald Trump launches a sweeping $10 billion lawsuit against the U.S. government, accusing federal agencies of failing to protect his confidential tax information. The suit targets both the IRS and the Treasury Department, alleging that years of his private financial records were improperly accessed and leaked to media outlets he describes as politically hostile. The complaint argues that the unauthorized disclosure caused significant damage to Trump’s reputation, business interests, and public standing. It also claims that the leak stemmed from a politically motivated insider who exploited access to sensitive IRS systems. That individual has since been convicted, but Trump maintains that the government bears responsibility for allowing the breach to occur in the first place. The lawsuit, filed in fe...
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Stock Market Stumbles as Trump Reaffirms Tariffs

                                            

The stock market took a hit on Friday as President Donald Trump reaffirmed his commitment to imposing sweeping tariffs on imports from Mexico, Canada, and China. The Dow Jones Industrial Average fell by 0.8%, the S&P 500 dropped by 0.5%, and the tech-heavy Nasdaq Composite lost 0.3%.

Investors are concerned about the potential impact of these tariffs on the economy, as they could lead to increased costs for consumers and businesses. The White House confirmed that the tariffs, which include a 25% duty on goods from Mexico and Canada and a 10% tariff on Chinese imports, will take effect on Saturday.

Despite earlier optimism driven by solid earnings from Apple and an inflation reading that matched expectations, the tariff news overshadowed these positive developments. The uncertainty surrounding the tariffs has left Federal Reserve Chair Jerome Powell in a wait-and-see mode, with the potential for tariffs to inflame inflation being a key concern.

As the market closes, investors are bracing for the impact of these tariffs and the potential for further volatility in the coming days.




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