Trump to Impose Tariffs Over Greenland Takeover, MN Latest, More
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News when you want it with Bloomberg News Now. I'm Monica Ricks. We're following the latest out of Washington where President Trump says much of Europe will now be charged a 10% tariff for opposing U.S. control of Greenland. The president says those tariffs will start next month and go up to 25% if the U.S. doesn't have complete control by June. It's unclear how this will play out or what authority Trump could use. The Supreme Court could decide to overturn his existing tariffs any day now. The Justice Department is investigating whether Minnesota Governor Tim Walz and Minneapolis Mayor Jacob Fry have impeded federal immigration enforcement through public statements they've made. The investigation's focused on potential violations of a conspiracy statute and comes during a weeks-long immigration crackdown in Minneapolis and St.
Paul that's resulted in more than 2,500 arrests, the operation escalating after the fatal shooting of Renee Good. Minnesota Attorney General Keith Ellison.
You have the right to protest. but protest smart and protest in a disciplined manner. And for the most part, I've seen people doing exactly that.
For now, President Trump says he's holding off on sending in the National Guard. Meantime, a judge has ruled ICE agents in Minneapolis can't pull over, detain, or use tear gas against peaceful protesters, including those who aren't obstructing operations. Thousands of people have been watching federal agents' activities since early December. Government attorneys have called them rioters and terrorists, arguing officers have a right to enforce immigration laws and protect themselves. Iran's Supreme Leader Ayatollah Ali Khamenei confirms several thousand people have died in this month's anti-government demonstrations, but accused the U.S. and Israel of aiding the killings. Iran's government shut down Internet and cell services to quell the unrest, but media there reports access has been partially restored.
The White House has released the names of some of the leaders who will play a key role in overseeing next steps in Gaza and confirmed they met for the first time in Cairo yesterday, pledging to get to work quickly. Leaders expect reconstruction and recovery in the region to take about three years. A new study in the journal Lancet finds no link between Tylenol used during pregnancy and neurodevelopmental disorders in children. Researchers say they combed through data in dozens of studies with detailed exposure to acetaminophen and say despite strongly held beliefs in the Trump administration, they couldn't find a link between the pain reliever and autism, ADHD, or hyperactivity. In fact, OBGYNs still recommend Tylenol for pain or fevers while pregnant.
They say those could do more damage. Wall Street lost its steam to end the week over concerns about who President Trump plans to nominate to lead the Federal Reserve after signaling it may not be his top economic advisor, Kevin Hassett.
I actually want to keep you where you are if you want to know the truth.
Treasuries dropped and the S&P 500 struggled to gain traction, finishing lower for the week. By the way, Treasury Secretary Scott Besson says he does expect the president to make his pick for Fed chair soon.
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