Luke Vargas

The U.S. dollar has paused its steep slide this week after hitting new lows against the euro, Japanese yen, and Swiss franc yesterday. While weaker currencies tend to make goods cheaper for American consumers, the journal's Chelsea Delaney says the dollar's unexpected weakening is adding to the pain for foreign sellers who've already been hit by tariffs.

The U.S. dollar has paused its steep slide this week after hitting new lows against the euro, Japanese yen, and Swiss franc yesterday. While weaker currencies tend to make goods cheaper for American consumers, the journal's Chelsea Delaney says the dollar's unexpected weakening is adding to the pain for foreign sellers who've already been hit by tariffs.

While President Trump has said he wants a weaker dollar to make American exports more attractive, Chelsea says his back and forth trade policies have resulted in investors dumping U.S. assets.

While President Trump has said he wants a weaker dollar to make American exports more attractive, Chelsea says his back and forth trade policies have resulted in investors dumping U.S. assets.

For central banks around the world, the rapid strengthening of their own currencies is heaping pressure on them to cut interest rates more aggressively. The European Central Bank is expected to deliver a quarter-point reduction today, while the Bank of Korea decided to keep its rate unchanged. Meanwhile, one of the Bank of Japan's board members says U.S.

For central banks around the world, the rapid strengthening of their own currencies is heaping pressure on them to cut interest rates more aggressively. The European Central Bank is expected to deliver a quarter-point reduction today, while the Bank of Korea decided to keep its rate unchanged. Meanwhile, one of the Bank of Japan's board members says U.S.

trade policy is one of the biggest risks to Japan's economic outlook, warning that higher tariffs will negatively affect exports, production, sales, capital expenditure, and profits at Japanese corporations. Trade negotiations between the two countries are underway in Washington this week, with Japan's economy minister saying he's ready to listen to any requests urging a win-win solution.

trade policy is one of the biggest risks to Japan's economic outlook, warning that higher tariffs will negatively affect exports, production, sales, capital expenditure, and profits at Japanese corporations. Trade negotiations between the two countries are underway in Washington this week, with Japan's economy minister saying he's ready to listen to any requests urging a win-win solution.

In a Truth Social post, Trump said big progress was made in the talks. Well, speaking of talks, in Washington, Italian Prime Minister Giorgio Maloney is set to become the first European leader to meet with President Trump in D.C. since his tariff announcement earlier this month. Trump has repeatedly taken aim at the EU, accusing it of screwing the U.S.

In a Truth Social post, Trump said big progress was made in the talks. Well, speaking of talks, in Washington, Italian Prime Minister Giorgio Maloney is set to become the first European leader to meet with President Trump in D.C. since his tariff announcement earlier this month. Trump has repeatedly taken aim at the EU, accusing it of screwing the U.S.

on trade and hitting it with a 20 percent reciprocal tariff. Our Rome-based correspondent Margarita Stancati said the Italian leader's visit today will test whether Maloney's ideological affinity with Trump will be enough to convince the president to go easy on Italy and the EU as a whole.

on trade and hitting it with a 20 percent reciprocal tariff. Our Rome-based correspondent Margarita Stancati said the Italian leader's visit today will test whether Maloney's ideological affinity with Trump will be enough to convince the president to go easy on Italy and the EU as a whole.

As for what Maloney can offer in talks, Margarita said she's expected to lead with a pledge that answers Trump's call for Europe to do more to take care of its own security.

As for what Maloney can offer in talks, Margarita said she's expected to lead with a pledge that answers Trump's call for Europe to do more to take care of its own security.

The Trump administration has asked the IRS to start the process of revoking Harvard's tax-exempt status, which lets donors get tax deductions and keeps the university from paying taxes on any net earnings. The effort comes after Harvard rejected a list of demands from the administration, including a request for the school to share all admissions data with the federal government.

The Trump administration has asked the IRS to start the process of revoking Harvard's tax-exempt status, which lets donors get tax deductions and keeps the university from paying taxes on any net earnings. The effort comes after Harvard rejected a list of demands from the administration, including a request for the school to share all admissions data with the federal government.

Trump and Republicans in Congress have been battling with Harvard, accusing it of not doing enough to combat anti-Semitism while also pressuring it to end DEI programs. And Secretary of State Marco Rubio and White House envoy Steve Witkoff are in Paris today, meeting with European officials to discuss ending the war in Ukraine.

Trump and Republicans in Congress have been battling with Harvard, accusing it of not doing enough to combat anti-Semitism while also pressuring it to end DEI programs. And Secretary of State Marco Rubio and White House envoy Steve Witkoff are in Paris today, meeting with European officials to discuss ending the war in Ukraine.

Earlier this week, we reported that Rubio was among several senior aides now urging Trump to be more skeptical of Moscow's desire for peace and to take a harder line against Vladimir Putin's demands for territorial concessions from Kiev. And that's it for What's News for this Thursday morning. Today's show was produced by Daniel Bach and Kate Bullivant. Our supervising producer is Sandra Kilhoff.

Earlier this week, we reported that Rubio was among several senior aides now urging Trump to be more skeptical of Moscow's desire for peace and to take a harder line against Vladimir Putin's demands for territorial concessions from Kiev. And that's it for What's News for this Thursday morning. Today's show was produced by Daniel Bach and Kate Bullivant. Our supervising producer is Sandra Kilhoff.