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The Department of Government Efficiency launched a website where Americans can directly report and suggest how to deregulate policies within the federal government, Fox News Digital learned. 

‘Your voice in federal decision making,’ reads the website Regulations.gov, ‘Impacted by an existing rule or regulation? Share your ideas for deregulation by completing this form.’

DOGE worked with the Government Services Administration, an independent agency tasked with helping support the functioning of other federal agencies, and the Office of Management and Budget, which is the federal office frequently charged with overseeing deregulation efforts, to launch the website earlier this month, Fox Digital learned. 

‘DOGE is combining the administration’s goals of adding transparency and slashing waste, fraud, and abuse by offering the American people the unique opportunity to recommend more deregulatory actions. This DOGE-led effort highlights President Trump’s priority to put the people first and government bureaucrats last,’ White House spokeswoman Taylor Rogers told Fox Digital. 

The website’s main page directs users to a form where they can report ‘deregulatory suggestions,’ which provides users with more than a dozen prompts regarding their issue. 

The prompts include describing which federal agency had promoted a regulation at issue, if the regulation is finalized or in the midst of the rule-making process, justification for the deregulation, the history of how the regulation operates, and the title and name of the agency’s leader, as well as other detailed information on the regulation. 

The form prompts users to provide their name, but the box is not mandatory to complete before submission. The person who submits a deregulatory suggestion could see the Trump administration name the rescission to the rule after the individual. 

‘Only answer if you would like the rescission to be named after you or your organization. Providing your name does not guarantee that it will appear on any final agency action, and we reserve the right to refrain from using names that are inappropriate or offensive,’ the prompt asking for the user’s name states. 

DOGE’s public leader, Elon Musk, has railed against government regulations for months, including when he joined President Donald Trump’s campaign in key battleground states to rally support. 

In a Pennsylvania rally ahead of the election, Musk recounted how his company SpaceX was wrapped up in ‘bunch of nutty stories’ related to government overregulation, including studying the probability of the company’s Starship rocket hitting a whale or shark and facing lofty fines from the EPA for ‘dumping fresh water on the ground.’ 

‘I’ll tell you like a crazy thing, like we got fined $140,000 by the EPA for dumping fresh water on the ground. Drinking water. It’s crazy. I’ll just give you an example of just how crazy it is. And we’re like, ‘Well, we’re using water to cool the launch pad during launch. You know, we’re going to cool the launch pad so it doesn’t overheat. And in excess of caution, we actually brought in drinking water, so clean, super clean water,’’ Musk said to the audience in Folsom, Pennsylvania, last year. 

‘And the FAA said, ‘No, you have to pay a $140,000 fine.’ And we’re like, ‘But Starbase is in a tropical thunderstorm area. Sky water falls all the time,’’ Musk recounted, referring to SpaceX’s headquarters in Texas. ”That is the same as the water we used’ So, and it’s like… there’s no harm to anything. And they said, ‘Yeah, but we didn’t have a permit.’ We’re like, ‘You need a permit for fresh water?’’ Musk recounted. 

Trump went on a deregulation blitz targeting energy and climate regulations last week in a series of executive orders aimed to ‘unleash’ the power of coal energy in the U.S., including ending a pause to coal leasing on federal lands, promoting coal and coal technology exports, and encouraging the use of coal to power artificial intelligence initiatives. 

‘President Trump knows that the bureaucracy is built to regulate, not deregulate. The result is an ever-increasing number of regulations that stifle innovation and limit American freedom,’ the White House said in a fact sheet on the EOs last week. 

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White House trade advisor Peter Navarro brushed off concerns about a feud between him and billionaire Elon Musk, arguing the two administration advisors had a ‘great’ relationship.

‘First of all, Elon and I are great. It’s not an issue,’ Navarro said during an appearance on NBC News’ ‘Meet the Press’ on Sunday.

The comments come after Navarro and Musk got tangled in a public war of words last week after Navarro said in an interview that Musk’s Tesla is more of a ‘car assembler’ than ‘car manufacturer’ that relies on parts from other countries.

‘We all understand in the White House (and the American people understand) that Elon’s a car manufacturer. But he’s not a car manufacturer – He’s a car assembler,’ Navarro said on CNBC. ‘In many cases, if you go to his Texas plant, a good part of the engines that he gets (which in the EV case are the batteries) come from Japan and come from China. The electronics come from Taiwan.’

The point seemingly didn’t sit well with Musk, who took to X to defend his auto company.

‘Navarro is truly a moron. What he says here is demonstrably false,’ Musk said.

‘Tesla has the most American-made cars. Navarro is dumber than a sack of bricks,’ Musk added in a subsequent post.

But Navarro downplayed the public war of words Sunday, praising Musk’s contributions to the Trump administration.

‘Everything’s fine with Elon,’ Navarro said. ‘And look, Elon is doing a very good job with his team, with waste, fraud and abuse. That’s a tremendous contribution to America. And no man doing that kind of thing should be subject to having his cars firebombed by crazies.’

The White House has also downplayed concerns between them, with press secretary Karoline Leavitt arguing the feud shows that President Donald Trump is willing to hear vastly different views at the highest level.

‘These are obviously two individuals who have very different views on trade and tariffs. Boys will be boys, and we will let their public sparring continue,’ she said during a press briefing last week. ‘You guys should all be very grateful that we have the most transparent administration in history.’

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An American missionary who was detained in Tunisia for over a year was released on Sunday.

Officials gained the release of U.S. citizen Robert Vieira on Sunday afternoon, according to a Reuters report citing U.S. special envoy Adam Boehler.

Boehler told the outlet that Vieira was doing missionary work when he was detained by Tunisian authorities 13 months ago.

Officials reportedly suspected Vieira of espionage.

Tunisia, a North African country bordered by Algeria and Libya, was amenable to Vieira’s release after Boehler worked closely with its foreign minister, Mohamed Ali Nafti.

After being released on Sunday, Vieira flew back home to the U.S. alongside his family.

‘We appreciate the government of Tunisia’s decision to resolve this case and allow Mr. Vieira to reunite with his family after more than 13 months of pre-trial detention,’ Boehler said.

Boehler credited his collaboration with Nafti for securing the detainee’s release.

Fox News Digital reached out to the State Department for additional comment but did not immediately hear back.

Reuters contributed to this report.

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Shifting political winds and tech advancements defined the cleantech sector in the first quarter of 2025.

This cleantech market update will explore the key trends and challenges that shaped the sector in Q1, with a focus on electric vehicles (EVs), autonomous driving technologies and renewable energy.

From shifting regulatory landscapes to breakthroughs in battery innovation, the period was marked by rapid developments and growing global investment in clean technologies.

Political shifts and policy challenges in cleantech

A notable political shift away from climate-supportive policies in the early weeks of Q1 posed a challenge to the cleantech industry as the Trump administration initiated legal action to cancel key subsidies and funding programs.

Targeting the Biden-era Inflation Reduction Act (IRA) on his first day in office, US President Donald Trump signed the Unleashing American Energy executive order that, among other things, called for a freeze on fund disbursement pending review.

The Trump administration has since taken several additional steps to reshape the nation’s environmental and energy landscape, suspending the US$5 billion National Electric Vehicle Infrastructure (NEVI) program initially approved by Congress in 2021 and launching a deregulatory initiative through the EPA to boost the US energy sector.

Such actions have ignited a huge backlash from legal experts and climate activists. “On a bipartisan basis, Congress funded this program to build a new vehicle charging network nationwide. The Trump administration does not have the authority to halt it capriciously.” NRDC advocate Beth Hammon said in a statement reported by Axios after the Federal Highway Administration announced the suspension of the NEVI Formula Program.

Trump would also need Congressional approval to repeal tax credits; however, since many IRA-funded projects have generated jobs in red states, pursuing repeals could intensify the backlash the administration is already facing due to the tariff-induced trade war, which significantly impacted 401(k)s and pushed indices into a bear market at the beginning of Q2.

“Many of our plants in the Midwest that have converted to EVs depend on the production credit,” Ford (NASDAQ:F) CEO Jim Farley told reporters at the Detroit Auto Show in January.

“We would have built those factories in other places, but we didn’t … It changed the math for a lot of investments.”

As legal battles unfold in federal court, the delay has already reverberated throughout the sector, with cleantech companies delaying projects in anticipation of potential policy changes, according to Bob Keefe of E2. The outcome could have long-lasting effects on the overall growth and stability of the cleantech industry.

EVs and the autonomous revolution

Electrified transport has been a major sector driving global energy transition investment, accounting for US$757 billion in 2024, according to BloombergNEF’s Energy Transition Outlook for 2025.

The 2025 Consumer Electronics Show (CES) in January highlighted the convergence of EVs and autonomous driving, with Google’s (NASDAQ:GOOGL) EV subsidiary Waymo announcing an expansion of its partnership with Hyundai Motor (OTC Pink:HYEVF,KRX:005380) and a new collaboration to integrate the NVIDIA-powered EV Zeeker RT into its fleet.

NVIDIA (NASDAQ:NVDA) CEO Jensen Huang, who kicked off the event by delivering a keynote speech, touted the success of Waymo and Tesla (NASDAQ:TSLA) as a symbol of the “arrival” of autonomous vehicles.

Huang later disclosed during an interview with Yahoo Finance’s Dan Howley that NVIDIA’s technology for autonomous driving is projected to generate US$5 billion in annual sales.

Waymo has since announced plans to expand its self-driving testing to 10 more cities in the US this year and has expanded its services in the San Francisco Bay Area.

In March, the company teamed up with Uber (NYSE:UBER) to offer robotaxis in Austin, Texas — ahead of Tesla’s planned June launch — with plans to expand into Atlanta later this year.

Tesla

Tesla faced a period of mixed performance this quarter, its stock price experiencing a 2.9 percent drop after Bank of America Global Research changed its rating from “buy” to “neutral” in early January. Analysts cited high execution risks as near-term growth impediments, including the delayed launch of its robotaxi and low-cost models.

An NHTSA investigation into Tesla’s Smart Summon system initiated a further downturn in its stock price. This was compounded by a substantial drop in the week of January 20 amidst Trump’s declaration of an “energy emergency” and evolving policy conditions. Subsequently, a February 2025 report indicated a weakening brand value stemming from revenue shortfalls and heightened competition, particularly from China, where companies like BYD and Xiaomi have eaten into Tesla’s market share.

BYD (OTC Pink:BYDDY,SZSE:002594) surpassed Tesla’s revenue for Q4 2024, and analysts predict it will lead in global battery electric vehicle (BEV) market share for the full year.

The company also unveiled a new EV battery system and platform in March 2025 that boasts an ultra-fast charging capability, which will be featured in its new series launching in April.

Xiaomi (OTC Pink:XIACY,HKEX:1810), another significant Chinese player in the EV market, reported 365.9 billion Chinese yuan (US$50.6 billion) in annual revenue in its 2024 earnings report, with 10 percent from its new EV division.

Xiaomi also lifted its 2025 delivery target for EVs to 350,000, up from an earlier figure of 300,000, with plans to release an electric SUV this summer, pitting it against Tesla’s recently refreshed Model Y.

Tesla, which has plans to launch in Saudi Arabia on April 10, didn’t provide a vehicle delivery estimate in its Q4 report, saying only that it expected a “return to growth.’

Policy

Tesla CEO Elon Musk’s involvement in US politics has also weighed on the company.

Daniel Ives, a Wedbush Securities analyst who’s been bullish of Tesla stock for the last four years, reduced his Tesla share price target to US$315 from US$550. In a client report shared by Bloomberg on April 6, Ives cites a brand crisis created by Musk’s connection to Trump’s trade policies.

Protests erupted across the country and in Canada in reaction to Musk’s increasingly prominent role in the Trump administration, specifically his seemingly unrestricted access to sensitive government data and his efforts to shut down agencies and implement massive funding cuts.

Reports of vehicle and storefront vandalism surfaced as activists called for Tesla drivers to sell their vehicles and dump shares as a form of protest against Musk’s involvement. This sentiment resulted in substantial declines in Tesla’s share price on multiple occasions throughout March, the largest of which (15.43 percent) occurred on March 10 when President Trump confirmed his intention to move forward with tariffs on goods from Canada and Mexico.

Tariffs

Global tariffs announced on April 2 have added another layer to the challenges global trade poses to the cleantech sector, particularly for the auto industry. While the situation is unfolding and some political analysts are hopeful that negotiations will result in lower levies, many economists say high tariffs could devastate the sector.

CFRA Research analyst Garrett Nelson’s latest analysis describes how Tesla is the “least exposed” to automobile tariffs and could even stand to benefit. “There are very few winners,” Sam Fiorani, vice president of global vehicle forecasting for AutoForecast Solutions, said in a telephone interview with Bloomberg. “Consumers will be losers because they will have reduced choice and higher prices.”

Renewable energy: growth amidst policy uncertainty

Recent efforts to bolster the renewable energy sector have seen gradual success, as demonstrated by new data from the International Renewable Energy Agency showing that added renewable energy capacity accounted for more than 90 percent of total global power expansion last year.

Solar and wind energy grew at the highest rate, with the US adding a 54 percent increase in solar capacity.

BloombergNEF’s Trends report, released on January 30 with data likely compiled before the inauguration and subsequent policy changes, named solar and wind power as a “mature” part of the energy transition likely to continue to receive funding in 2025; however, under the Trump administration, the near-term future of both industries appears uncertain.

Energy research firm Wood Mackenzie’s David Brown told the Globe and Mail in January that despite the current strong growth in US solar capacity, the effects of policy uncertainty and incentive cuts might be more pronounced after the next 12 to 18 months.

Along with pausing IRA funding earmarked for climate programs, Trump ordered the suspension of wind and solar power projects. Wood McKenzie recently cut its five year outlook for new wind energy projects by 40 percent, citing economic concerns and the current administration’s policies as hurdles.

Yet, within this evolving landscape, Plug Power, a hydrogen manufacturer that secured a loan guarantee of almost US$1.7 billion to build hydrogen power plants before Biden left office, was able to navigate the existing incentive structures to claim tax benefits after this order took effect.

The company added US$30 million to its liquidity pool on January 24 through the transfer of the Federal Investment Tax Credit; however, a US$200 million funding gap prompted analysts at Seeking Alpha to name it a high-risk bet.

Cleantech outlook for 2025

Wood Mackenzie’s Energy Transition Outlook for 2024-25 suggests that power sector emission drops and electric vehicle adoption could reduce North America’s power sector emissions by 20 percent by 2030, although factors like tariffs and policy could impede this progress.

While bank financing for low-carbon energy technologies nearly matched that of fossil fuels in 2023, a potential funding threat has emerged as all major US banks have withdrawn from the Net Zero Banking Alliance. Additionally, BlackRock (NYSE:BLK) announced its decision to leave the Net-Zero Asset Managers initiative in January.

The current political and economic outlook presents a landscape rife with questions for the cleantech industry. A District Court judge in Rhode Island blocked the order to freeze IRA funding in late January, but comments from the administration suggest the battle is far from over.

Yet, progress continues on several fronts. A note by Citigroup ESG analysts asserts that the energy transition is further along now than during Trump’s first term, and his policies will not be able to hold back the progress that has already begun.

Companies are continuing to expand. Revel CEO Frank Reig told Axios there’s still plenty of financing support for EV charging from local governments and state utilities, despite the cutbacks in federal funding. The electric taxi company recently opened its first EV fast-charging station outside of New York City in San Francisco’s Mission District, with plans to add another 125 chargers at seven sites in the Bay Area within the year.

EV maker Rivian (NASDAQ:RIVN) is proceeding with its US$6.6 billion IRA-backed Georgia factory despite earlier state-level uncertainty. Rivian has also spun out a new micromobility startup, securing US$105 million in funding with investment from VC firm Eclipse. Researchers at BloombergNEF predict that by 2050, three out of four global sales of two- and three-wheelers will be electric vehicles, compared to approximately half in 2024.

Despite potential headwinds for renewables, Petar Pejovic, senior portfolio manager with Pejovic Bighill Private Wealth at Wellington-Altus Private Wealth, suggested that energy demands for AI infrastructure are likely to support a diverse energy mix, including green sources.

Nuclear energy is gaining traction as a sustainable option, with nuclear fusion and small modular reactors identified by Cleantech Group at its annual North American forum as high-growth areas.

Electric mobility and hydrogen could face slower growth due to manufacturing hurdles and demand issues, respectively. However, investment opportunities are anticipated in hydrogen for long-term decarbonization.

The intersection of AI and cleantech is strengthening, attracting increased investment. Furthermore, the cleantech and defense sectors are converging on dual-use technologies. The growing awareness of the health impacts of climate change is also expected to drive further attention and investment in cleantech solutions.

The coming months will be critical in determining the trajectory of the cleantech industry as it navigates policy shifts, market competition, and technological advancements.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

The copper price began 2025 on a rebound, spending time above US$5 per pound during Q1 after trading within the US$4 to US$4.50 per pound range for most of 2024’s second half.

Starting strong, the red metal climbed from US$3.99 on January 2 to reach US$4.40 by mid-month.

It then eased slightly, ending January at US$4.25. February once again brought momentum as copper climbed steadily to US$4.76 on February 13. However, the price retreated and ended the month at US$4.53.

Copper price, January 2 to April 9, 2025.

Chart via Trading Economics.

The copper price saw significant gains throughout March, breaking through the US$5 mark on March 19. It set a new all-time high of US$5.22 on March 26 before falling to US$5.04 on March 31.

Since then, copper has been under pressure, and the price of the metal plunged to US$4.26 on April 7.

Copper market facing tariff uncertainty

The first quarter of the year was dynamic for copper, but few factors have influenced the market for the base metal more than the threat of tariffs from the US. This possibility has created a wider price gap between London Metal Exchange (LME) copper and Chicago Mercantile Exchange (CME) copper.

According to an ING article published in mid-February, the CME price was more than 10 percent higher than the LME price at the time, prompting traders to begin shifting copper inventories from overseas warehouses into the US.

This movement elevated stockpiles at CME warehouses to over 100,000 metric tons, the highest level since they peaked at 250,000 metric tons during Donald Trump’s first presidency.

Overall, the US relies on copper imports, which account for 45 percent of its domestic consumption. Chile constitutes 35 percent of incoming supply, while Canada contributes 26 percent.

The majority of copper inflows are in the form of refined copper products, which make up 60 percent of US imports.

On February 25, Trump signed an executive order invoking Section 232 of the Trade Expansion Act to initiate an investigation into the impact of copper imports on all forms on national security.

In the order, Trump noted that while the US has ample copper reserves, its smelting and refining capacity has declined. China has become the world’s leading supplier of refined copper, commanding a 50 percent market share.

During a mid-March CRU Group webinar focused on copper, Erik Heimlich, head of base metals at the firm, discussed why Trump may have announced the start of the investigation.

“Their reliance on imports has been growing systematically, and with the closure not so long ago of the Hayden smelter and the Amarillo refinery, that has increased even more,” he said.

Heimlich further explained that Trump may want to use copper tariffs to encourage a resurgence of copper processing in the US based on national security concerns. This point was reiterated by Bryan Billie, policy and geopolitical principal at Benchmark Mineral Intelligence, during a virtual panel held at the beginning of April.

“The big question here is whether US dependencies on copper imports are supposedly compromising national security. That’s the legal rationale behind the investigation,” Billie said.

He also discussed the timeline, noting that Section 232 investigations typically take 270 days to complete, although they can be shorter. While it remains uncertain whether the investigation will lead to tariffs, it could also result in export controls, which might pose additional challenges in global copper markets.

Michael Finch, Benchmark’s head of strategic initiatives, suggested that the review is likely to take weeks rather than months, and could actually bring some relief to the market.

“I think, given that the market now expects the announcement on Section 232 to arrive a bit sooner than previously anticipated, I don’t believe as much copper will be trapped in the US as we progress through the coming quarters … I think it’s part of that trend that we’re witnessing a softening in the copper price,” he said.

Supply chain disruptions and copper fundamentals

Other factors that have affected the copper price include a major power outage in Chile at the end of February.

Chile declared a state of emergency to address the outage, which left more than 8 million homes and a significant portion of the country’s mining operations without power.

The outage resulted from a transmission line failure in the northern part of the country, causing BHP (NYSE:BHP,ASX:BHP,LSE:BHP) to shut down operations at Escondida, the world’s largest copper mine.

Although power was restored in a few days, COMEX copper futures for March rose by 0.9 percent.

An additional supply disruption occurred in March, when Glencore (LSE:GLEN,OTC Pink:GLCNF) declared force majeure and halted copper shipments from its Altonorte operation in Chile. The refinery produces 350,000 metric tons of copper anode annually, and a prolonged shutdown could impact an already tight copper market.

On a fundamental level, the International Copper Study Group provided preliminary data for January’s supply and demand conditions on March 21. In its release, the group outlines an apparent deficit of 19,000 metric tons of refined copper in the first month of the year, down from the 24,000 metric ton deficit reported in January 2024.

Supply and demand for refined copper maintained a balance at the start of the year, with each growing by 1 percent. Supply-side growth was largely constrained by a 14 percent drop in Chilean output.

Mine production experienced a 2 percent increase in January, with 7 percent year-on-year growth from Peru. The ramp up of production at Anglo American’s (LSE: AAL,OTCQX:AAUFK) Quellaveco mine was a key factor.

Additionally, supply increased by 6 percent in the Democratic Republic of Congo due to the expansion of Ivanhoe Mines’ (TSX:IVN,OTCQX:IVPAF) Kamoa-Kakula mine. A 3 percent increase in Asian production was offset by a 2 percent decline in North America. Chile also saw a fall of 2.7 percent compared to the same period last year.

Copper price outlook for 2025

Copper is tied closely to the global economy, making this a key factor to watch.

“CRU economists continue to expect global GDP to grow by 2.6 percent in 2025, and refined copper demand to grow by around 2.9 percent in both this and next year, which is actually an increase compared to our previous forecast. So despite the dramatic macro and geopolitical events that we have witnessed over the last few months, the base-case demand narrative for copper remains robust,” Heimlich said in mid-March.

However, he also noted that this base-case scenario is surrounded by uncertainty.

That uncertainty has come to the forefront at the start of Q2. Copper prices fell nearly 20 percent at the beginning of April as the Trump administration announced a new round of base-level and reciprocal tariffs.

Investors experienced a significant selloff as the prospect of a recession became more pronounced.

A recession would substantially impact base metals, including copper, as consumers turn away from big-ticket items like new homes and cars, which require large quantities of these materials

For investors, uncertainty will likely remain for some time. A Section 232 outcome could help stabilize copper, or it could escalate other aspects of a trade war between the US and the rest of the world.

It also remains unclear how long Trump’s tariffs will be in place.

This situation could provide opportunities for investors with an appetite for risk who are looking to make bets. Others may prefer to remain on the sidelines and wait for more clarity on the global trade front.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

This week has brought ups and downs for the gold price as US President Donald Trump’s tariff decisions continue to create widespread uncertainty across sectors globally.

The yellow metal started the week at about US$3,020 per ounce, but quickly tumbled below the US$3,000 level as markets around the world took a beating.

Although gold is known as a safe haven, it’s common for it to fall in tandem with other assets during widespread downturns. The idea is that gold won’t drop as hard and will recover more quickly.

Speaking just after gold’s fall, Gary Wagner of TheGoldForecast.com explained that its decline shouldn’t be concerning for investors. Here’s how he explained it:

‘One thing that is clear is that when equities came under fire … liquidation happened across the board in multiple asset groups and classes. Gold was kind of a witness to that, and the massive liquidation that occurred was either to liquidate profitable positions to cover margin calls, or just to get more into cash than they had been in terms of the position of the portfolio. So to me it’s not that unexpected, and the amount of the decline is actually fairly calm considering how much it’s gone up.’

Wagner’s advice not to worry about gold’s pullback was prescient — the precious metal was back on the move by Wednesday (April 9), and on Thursday (April 10) it notched yet another fresh all-time high.

It continued moving upward on Friday (April 11), breaking US$3,200 and setting another price record.

Gold’s midweek rebound came after Trump’s turnaround on tariffs — in a surprise move on Wednesday, he announced a 90 day pause on ‘reciprocal’ tariffs for most countries.

China is an exception — Trump said he would be boosting China’s rate to 125 percent after the Asian nation announced further retaliatory tariffs against the US. It’s since been clarified that tariffs on China stand at 145 percent; on Friday, China said it would raise its tariffs on the US to 125 percent.

Canada and Mexico are also exceptions. Most goods from these countries are already subject to 25 percent tariffs, and these will remain in place. Blanket 25 percent tariffs on cars and car parts, as well as steel and aluminum, have also not been affected at this point.

The reversal from Trump came not long after he encouraged his followers on Truth Social to ‘be cool’ and told them it was ‘a great time to buy.’ It also reportedly came after White House officials put increasing pressure on Trump to change course. Worries about a selloff in US government bonds raised alarm bells, with Treasury Secretary Scott Bessent taking these concerns to Trump.

‘The bond market is very tricky, I was watching it. The bond market right now is beautiful. But yeah, I saw last night where people were getting a little queasy’ — Trump

Major US indexes rebounded strongly once Trump announced his decision, and although they had given up some gains by the end of the week, they still finished the period in the green.

In terms of where that leaves gold, many experts with agree its prospects still look bright even as it trades at all-time highs. Here’s what Will Rhind of GraniteShares said:

‘If you look at something called the M2 ratio, which is the money supply divided by the price of gold, that is a particularly scary chart. Obviously if history is any guide, then when the ratio is high, that typically means that gold is overvalued, and when the ratio is low, that typically means that gold is undervalued.

‘If you look at it right now, we’re somewhat I would say below the median. In other words, we’re closer to gold being undervalued rather than overvalued at a time when we just talked about gold hitting a new all-time high.’

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Editor’s Note: This article contains graphic images and descriptions.

Christine Pascual’s phone started buzzing while she was at work in a hair salon with messages saying former Philippine President Rodrigo Duterte was about to be arrested.

Laxamana, a 17-year-old with dreams of becoming an online gamer, went missing in August 2018 on his way home from a gaming tournament in the northern Philippines.

“His friends who went with him said they were short on money, so they split ways,” his mother recalled. With no word from him in days, she started her own search for her son. “I started looking for him at every computer shop around our area, thinking he was close to home.”

A week later, a letter from the police arrived. It said her son was dead.

She was taken to the morgue and greeted by a sight she had never imagined; her son’s body pierced by six gunshots and covered in bruises.

“When he was young, I’d worried about him being bitten by flies,” she said.

There is another image she will never forget; a photograph the police showed her of Laxamana’s lifeless body on the street where he was gunned down. She remembers his eyes were still wide open.

Pascual said the officers told her he was killed because “he tried to fight back.”

According to a Philippine Inquirer report, Rosales Municipal Police claimed Laxamana was on a motorbike, ignored a police checkpoint, then fired at officers.

“They accused him of horrible, unimaginable things,” said Pascual – who denies her son was a drug dealer and said he didn’t know how to ride a motorbike.

Pascual is determined to seek justice.

With the help of NGOs, she requested a second autopsy and raised money for his funeral. She has also recounted her testimony at senate hearings and public investigations and continues to work with human rights groups to gather evidence for her son.

She even took a case to the Philippines Supreme Court, but it was dismissed.

“We will fight wherever justice takes us…,” she said, “It’s been hard for me to accept my son died without any explanation. He was accused of something and was killed just like that…I hope that can change in this country,” she said.

Pascual is not alone.

A long-awaited arrest

Duterte’s court appearance in the International Criminal Court (ICC) last month is “a sight families of the thousands of victims of the ‘war on drugs’ in the Philippines feared they would never see,” said Amnesty International’s Southeast Asia Researcher Rachel Chhoa-Howard.

“The very institution that former President Duterte mocked will now try him for murder…is a symbolic moment and a day of hope for families of victims and human rights defenders who have for years fought tirelessly for justice despite grave risks to their lives and safety.”

It shows that those accused of committing the worst crimes “may one day face their day in court, regardless of their position,” Chhoa-Howard added.

Duterte ran the Philippines for six turbulent years, during which he oversaw a brutal crackdown on drugs and openly threatened critics with death.

In his inaugural address in 2016, he claimed there were 3.7 million “drug addicts” in the Philippines and said he would “have to slaughter these idiots for destroying my country.”

The figure was more than twice the number of active drug users reported in a 2015 Philippines Dangerous Drug board (DDB) study, which said 1.8 million people – just under 2% of the population – were using drugs.

By 2019, three years into the ‘war of drugs’, the DDB survey estimated 1.6 million people were taking dangerous drugs in the Philippines – an 11% decrease from 2015.

Among many Filipinos, Duterte’s drug war – and his bombastic disregard for the country’s political elites – remained popular for much of his time in office. But the collateral damage caused by so many extrajudicial deaths also mounted.

Many of the victims were young men from impoverished shanty towns, shot by police and rogue gunmen as part of a campaign to target alleged dealers.

According to police data, 6,000 people were killed – but rights groups say the death toll could be as high as 30,000, with innocents and bystanders often caught in the crossfire.

Duterte’s tough approach on drugs prompted strong criticism from opposition lawmakers who launched a probe into the killings. Duterte in turn jailed his fiercest opponent and accused some news media and rights activists as traitors and conspirators.

His blood-soaked presidency ended in 2022 but, three years on, hundreds, if not thousands, of extrajudicial killings have not been accounted for. Victims’ families are often spooked or threatened not to pursue their case in local courts, leaving hundreds in limbo with little to no due process in the Philippines.

To date, only eight policemen had been convicted for five drug war deaths, according to court documents.

The threat of being held to account in the ICC has been hanging over Duterte’s for almost a decade. Prosecutors first said they were watching what was happening in the Philippines in 2016, but it wasn’t until 2021 that a formal investigation was launched.

For years, Duterte – along with his loyal allies and fierce supporters – argued that allegations of wrongdoing should be dealt with by the Philippine justice system, saying the involvement of foreign courts would impede the country’s judicial independence and sovereignty.

As president, he even withdrew the Philippines from the ICC – which took effect in March 2019. That, however, proved to be no protection; the ICC still has jurisdiction for crimes alleged during the years the nation was a member.

Last week, Duterte went from boasting about killing drug dealers to being arrested for crimes against humanity as the ICC finally caught up with him.

In a dramatic arrest, the 80-year-old was outnumbered by local police when he returned to Manila from Hong Kong. After being detained for hours at an airbase, he was put on a plane bound for the Netherlands to face the ICC on charges of crimes against humanity – alleged to have been committed between 2011 and 2019.

On Thursday (March 14), Duterte made his first appearance via video link at The Hague where he appeared tired and slightly uneasy.

His defense lawyer, Salvador Medialdea, called the arrest a “pure and simple kidnapping.”

During the hearing, Presiding Judge Iulia Motoc read Duterte his rights and set September 23 as the date for a hearing to determine whether the evidence presented by the prosecution would be sufficient to take the case to trial.

Left without closure

Thousands of lives have been upended by the drug war killings. They not only left devastated parents to bury their children but also left dozens of children as orphans.

Eya was just 9-years-old when both her parents were shot by hooded, uniformed policemen at around three in the morning in August 2016.

Now 18, she and her sister work at a coffee shop in Manila run by families of victims.

”I hope justice will be given to us. And others responsible for the thousands of those who died will also get arrested.”

Cresalie Agosto was at work when her 16-year-old daughter called her in on December 1, 2016 with shocking news.

”Ma, dad has been shot. Please come back,” she heard her daughter say.

Agosto rushed home. Nearby, police had cordoned off an area surrounding her husband’s body.

Witnesses told her they saw two motorbikes each carrying two masked men carrying big, long guns, looking for a man named “Roy”. They asked her husband, Richie Reyes, if he was “Roy”.

She was told that he said he was not the man they were looking for, but they shot him anyway.

“There’s nothing more that we want other than justice and accountability,” Agosto said. “When Duterte was arrested upon arrival his rights were still read aloud to him. For us, our loved ones were greeted with bullets with no explanation.”

Luzviminda Siapo was away from home as migrant worker in Kuwait when tragic news that her 19-year-old son, Raymart, was killed by police in 2017.

Her son was born with clubfoot deformities – a condition which can affect mobility.

A witness who was sleeping in a parked jeepney in an alley told Siapo they heard police yell at Raymart to run away.

“No, I cannot run. I don’t want to run,” Raymart cried out, according to the witness. A gunshot was then heard.

Luzviminda said she wants to see Duterte “rot in jail” for her son’s death.

“He may be in jail, but he is alive unlike my son who died and is no longer with us. I cannot hug him anymore nor talk to him.”

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The UK government took effective control Saturday of Britain’s last remaining factory that makes steel from scratch from its Chinese owners, after lawmakers approved an emergency rescue.

Prime Minister Keir Starmer summoned lawmakers for the unusual Saturday sitting, only the sixth since World War II, to back a bill primarily aimed at blocking British Steel’s Chinese owners, Jingye Group, from closing the two massive blast furnaces at its Scunthorpe plant in the north of England that are key in the steelmaking process.

The bill, which was debated over several hours and which is now law after being given royal ascent by King Charles III, gives Business Secretary Jonathan Reynolds the power to direct the company’s board and workforce, ensure its 3,000 workers get paid and order the raw materials necessary to keep the blast furnaces running.

Jingye has said the Scunthorpe plant is losing 700,000 pounds ($910,000) a day as a result of challenging market conditions and increased environmental costs. The recent decision by US President Donald Trump to impose a 25% tariffs on imported steel hasn’t helped.

After the House of Commons passed the bill on a voice vote, Starmer arrived in Scunthorpe to meet workers, who were clearly relieved that the town’s steelmaking heritage, which stretches back around 150 years, has been preserved.

“You and your colleagues for years have been the backbone of British Steel, and it’s really important that we recognize that,” Starmer said. “It’s your jobs, your lives, your communities, your families.”

The relief in the town was evident during the interval of Scunthorpe United’s soccer match, where the crowd at the Attis Arena cheered on a few dozen steelworkers on the field of play. The team is known as “The Iron,” a fond reflection of the town’s identity.

Starmer had been under pressure to act after Jingye’s recent decision to cancel orders for the iron pellets used in the blast furnaces. Without them and other raw materials, such as coking coal, the furnaces would likely have to shut for good, potentially within days, as they are extremely difficult and expensive to restart once cooled.

That would mean the UK, which in the late 19th century was the world’s steelmaking powerhouse, would be the only country in the Group of Seven industrial nations without the capacity to make its own steel from scratch rather than from recycled material, which use greener electric arc furnaces rather than blast furnaces.

The repercussions would be huge for industries like construction, defense and rail and make the country dependent on foreign sources for so-called virgin steel, a vulnerability that lawmakers from all political parties balked at.

“We could not, will not and never will stand idly by while heat seeps from the UK’s remaining blast furnaces without any planning, any due process or any respect for the consequences, and that is why I needed colleagues here today,” Reynolds told lawmakers.

Reynolds criticized Jingye for making “excessive” demands of the government in discussions in recent months, and that without the government’s intervention, the company would have “irrevocably and unilaterally closed down primary steel making at British Steel.”

Though the legislation does not transfer ownership of the plant to the state, Reynolds conceded it was a future possibility.

It’s unclear what role Jingye, owner of British Steel since 2020, will have in the day-to-day running of the steelworks. But should it fail to abide by the new laws, the company and its executives could face legal sanctions.

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