In a significant gathering on February 26th, US President Donald Trump convened the inaugural Cabinet meeting of his second administration, welcoming notable figure Elon Musk, Secretary of Efficiency, despite his non-Cabinet status. During the meeting, Trump emphasized the importance of a prudent approach in selecting personnel for lay-offs within the State Department, focusing on operational efficiency as part of a broader strategy to reduce government size. He also announced plans to collaborate with Ukraine on rare earth minerals, aiming to recover an estimated $350 billion originally allocated to the nation. Additionally, Trump’s administration reaffirmed the continuation of existing tariffs, announcing a shift in the implementation date for a 25% tariff on goods imported from Mexico and Canada, now effective April 2nd. A similar tariff, anticipated at the same rate, is set to target European imports, including automobiles and various consumer goods, shaping significant trade dynamics.
Source: https://en.coinotag.com/breakingnews/trumps-cabinet-meeting-highlights-strategic-cooperation-on-rare-earths-with-ukraine-amidst-tariff-plans-impacting-the-economy/