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Major events in last weeks
News from the Last 2 Weeks (March 18 - April 1, 2025)
Trump’s Tariff Plans Intensify
President Donald Trump has dubbed April 2 “Liberation Day,” promising to unveil a major tariff plan targeting imports from all countries. Set to begin with 25% tariffs on imported vehicles and parts starting April 3, the announcement has stirred uncertainty in global markets, with stocks fluctuating and economists warning of potential inflation and economic slowdown.Israel Resumes Fighting in Gaza
On March 18, Israel launched new strikes against Hamas, with the defense minister vowing to continue until all hostages are released. Hamas warned that these actions threaten a ceasefire and the safety of hostages, escalating tensions in the region.TikTok Sale Deadline Looms
President Trump announced that a deal for TikTok’s Chinese parent company, ByteDance, to sell the app must be finalized by April 5, or it will face a U.S. ban. Trump hinted at possibly easing tariffs on China to facilitate the deal, which affects the app’s 170 million American users.Stock Market Volatility
The S&P 500 recorded its worst quarter since 2022, dropping 4.6% in Q1 2025 amid fears of Trump’s tariffs and rising inflation. The Dow and Nasdaq also saw declines, with investors anxiously awaiting clarity on the April 2 tariff announcements.Afghan Deportation from Pakistan Begins
Starting April 1, hundreds of thousands of Afghans living in Pakistan for decades face deportation, raising humanitarian concerns as aid groups warn of challenges due to ongoing conflict in the region.U.S. Soldiers Found Dead in Lithuania
Three U.S. Army soldiers were found dead, and a fourth remains missing after their armored vehicle got stuck in a bog during a training mission in Lithuania last week. Recovery efforts continue.Myanmar Earthquake Aftermath
A devastating earthquake in Myanmar killed over 2,700 people, with rescue operations ongoing as of March 30. The civil war in the country may hinder aid delivery to survivors.Mortgage Rate Predictions
Experts forecast that U.S. mortgage interest rates will likely hover between 6.5% and 7% in April, with potential dips if the Federal Reserve signals early rate cuts in response to economic slowdown signs.