Bottom line: The Energy Star program was introduced by a Republican president in 1992. Now, a new Republican administration appears poised to shut it down for good. While the Trump administration speaks of organizational improvements, industry representatives are warning politicians about the dire consequences their actions could have on households budgets.
In brief: Tesla has vehemently denied a report by the Wall Street Journal that alleges the EV giant's board contacted recruitment firms to search for a replacement for Elon Musk as CEO. Musk called the article "deliberately false" and an "extremely bad breach of ethics."
"Another reason why Americans should buy American"
A hot potato: Amazon has backed away from a plan to show exactly how much the Trump tariffs will increase the cost of items on its Amazon Haul site. The White House had called the potential move a "hostile and political act," and the president himself called Amazon founder Jeff Bezos to discuss the matter.
The exemptions cover $390 billion in yearly US imports
Why it matters: The Trump administration has granted a reprieve to global technology manufacturers by exempting smartphones, laptops, CPUs, memory chips, and electronics to make semiconductors from its sweeping tariffs on imports – a move that could ease pressure on companies like Apple and Nvidia while offering relief to consumers.
Back and Forth: President Trump has announced a 90-day pause on new tariffs against all countries except China, just a week after what experts called a "nuclear bomb" on global trade. Global reciprocal tariffs have been reduced to 10%, while anti-China taxes have surged to a historic 125%.