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U.S. Targets “Dirty 15” Nations Over Trade Imbalances and Tariffs
The "Dirty 15" nations, including China, the EU, and Mexico, are expected to be primary targets, with specifics on tariff rates and enforcement still unclear.
The "Dirty 15" nations, including China, the EU, and Mexico, are expected to be primary targets, with specifics on tariff rates and enforcement still unclear.
The U.S. Treasury is facing a cash drain, with its General Account balance dropping by 60% since January 2025, sparking fears of a potential default by August or September 2025.
Officials attribute current economic adjustments to previous policies, with tariffs and reduced government spending cited as factors.
Tech giants like Tesla, Meta, and Nvidia lead the sell-off, with significant losses.
European leaders, like Keir Starmer and Emmanuel Macron, urge balanced negotiations to prevent further destabilization.
Cuts may affect tax collection services as the agency works to recover unpaid taxes for the $36 trillion national debt.
Judge Vargas clarified the ruling, maintaining restrictions for Musk and political appointees but exempting senior Treasury officials.
A federal judge blocked Elon Musk’s DOGE from accessing the U.S. Treasury’s payment system, citing privacy and legal concerns.