US News
LAST UPDATE: August 29, 2025
End of US low-value package tariff exemption is permanent, Trump officials say
The U.S. permanently ended the “de minimis” tariff exemption for packages under $800. A six-month transition allows carriers to opt for flat duties of $80–200. (Reuters, The Business Standard)
Insight
This repeal marks a structural shift in trade policy, impacting e-commerce flows and boosting U.S. customs revenue.
Fed’s Waller Sees Quarter-Point Cut in September, Then More
Fed Governor Christopher Waller supports a 25 bps rate cut in September, followed by further reductions in the coming months. (Bloomberg.com, m.fastbull.com)
Insight
His easing stance signals growing dovish sentiment in the Fed, likely in response to softening growth and inflation.
Trump’s Fed pick Miran to get Senate hearing Sept 4
Stephen Miran, nominated by Trump to the Fed board, will face a Senate hearing on September 4. He favors lower rates and increased presidential oversight of the Fed. (Reuters)
Insight
His nomination could shift Fed dynamics toward more executive influence and aggressive rate cuts.
Cook Signals ‘Clerical Error’ May Be Behind Mortgage Dispute
Fed Governor Lisa Cook’s lawyers suggested a clerical error may explain discrepancies in the mortgage dispute cited in her criminal referral. (Bloomberg.com, Bloomberg Law)
Insight
This defense could temper legal action, framing allegations as procedural rather than fraudulent.
White House says US deal with Intel ‘still being ironed out’
Details are still being finalized for the U.S. deal to acquire a 10% stake in Intel. Some components, like a $3B DoD award, are yet to be implemented. (Reuters)
Insight
Negotiations reflect ongoing efforts to bolster domestic chip production amid broader tech-industrial policy.
China Warns Against ‘Disorderly Competition’ in Booming AI Race
China cautioned against excessive competition in AI, aiming to prevent wasteful and harmful investment behavior. (Bloomberg.com)
Insight
Beijing signals desire for strategic, orderly AI development rather than chaotic proliferation.
Eric Trump says Trump family ‘loves’ Bitcoin community, predicts $1 million valuation
Eric Trump expressed affinity for the Bitcoin community and projected the cryptocurrency could reach a $1 million valuation. (Reuters)
Insight
The comments reflect bullish family sentiment toward crypto, potentially signaling political alignment with digital assets.
