Kanye West

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In today edition we will talk about

• Trump Plans New Tariffs on Steel and Aluminum Imports, Sparking Industry Reactions

• Kanye West Sparks Outrage Selling $20 Swastika T-Shirts Amid Antisemitic Controversy

• Costco and Trader Joe’s Limit Egg Purchases Amid Nationwide Shortage

• U.S. Pennies Cost Nearly Four Cents Each to Make, Sparking Calls for Change

Trump Plans New Tariffs on Steel and Aluminum Imports, Sparking Industry Reactions

Former President Donald Trump announced plans to impose a 25% tariff on all steel and aluminum imports, signaling a return to aggressive trade measures. Speaking aboard Air Force One, Trump hinted at further "reciprocal tariffs" to match other nations' duties on American goods. While details remain unclear, the move echoes his 2018 tariffs, which raised production costs for industries like automotive, aerospace, and construction but were praised by domestic steelmakers. The American Iron and Steel Institute welcomed the renewed focus on protecting U.S. steel, while the European Union expressed strong opposition, warning of retaliatory measures. Canada and Mexico, key steel exporters to the U.S., are closely watching developments. As trade tensions rise, questions remain about the long-term impact on domestic production and global supply chains.

Kanye West Sparks Outrage Selling $20 Swastika T-Shirts Amid Antisemitic Controversy

Kanye West, now known as Ye, is facing widespread backlash for selling $20 T-shirts featuring swastikas on his Yeezy website. The controversial launch followed a string of hate-filled posts on his X account, including antisemitic, homophobic, and violent messages, which led to visibility restrictions by the platform. Despite calls from anti-hate groups and celebrities for action, West defended his behavior before appearing to deactivate his account, calling the experience "cathartic." The Anti-Defamation League condemned the use of the swastika, citing its historical ties to Nazi ideology and ongoing role in spreading fear. West's history of controversial statements has already cost him business deals with major brands like Adidas and Gap.

Costco and Trader Joe’s Limit Egg Purchases Amid Nationwide Shortage

Costco and Trader Joe’s have imposed limits on egg purchases due to an ongoing shortage caused by avian flu, which has led to the deaths of over 40 million egg-laying birds. Trader Joe’s now allows one dozen eggs per customer, while Costco caps purchases at three cartons. Some Kroger stores have also set restrictions. Rising egg prices, up 14% from November to December and projected to climb another 20% this year, have even prompted Waffle House to add a 50-cent surcharge per egg. As shoppers face prices as high as $10 per dozen in some states, grocery chains aim to ensure fair access for all customers.

U.S. Pennies Cost Nearly Four Cents Each to Make, Sparking Calls for Change

President Donald Trump announced plans to halt penny production, citing their rising costs, which now stand at 3.7 cents per coin. Pennies and nickels have cost more to produce than their face value for 19 consecutive years, driven by surging copper and zinc prices. The U.S. Treasury has scaled back production of these coins, but experts warn eliminating the penny may lead to higher costs if more nickels are needed to compensate. As production expenses climb for all coins, including a 26% spike for quarters, debates over the financial efficiency of keeping low-value coins persist.

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