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President Trump revived a campaign promise to cap interest rates, but it is unclear how he would make that a reality.
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Why founder and CEO Ankur Jain says he wanted to lead the industry when it comes to affordability.
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China Announces Record Trade Surplus as Its Exports Flood World Markets The New York TimesChina announces record $1tn trade surplus despite Trump tariffs BBCChina's Record Trade Surplus Defies Expectations for Tariff-Driven Slowdown The Wall Street JournalChina blames US for trade imbalances as surplus hits record $1.2tn Financial TimesChina reports record $1.2 trillion trade surplus for 20
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Adjusting Imports of Processed Critical Minerals and Their Derivative Products into the United States The White House (.gov)Gold and Silver in Modest Retreat After Surging to Record Highs Bloomberg.comTrump sets 180-day deadline to counter China's control of critical minerals South China Morning PostTrump says no critical minerals tariffs for now, will seek overseas supplies Reuters
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Doubts have begun to emerge on Wall Street about how current tariff levels fit with the Trump administration's new affordability push.
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U.S. Moves Some Personnel From Qatar Air Base as Trump Weighs Military Response to Iran The New York TimesLive updates: More than 2,400 protesters killed in Iran as Trump warns against executions CNNTrump told Iran has halted killings amid mounting protest pressure Fox NewsOpinion | There is no U.S. downside to striking the Iranian regime The Washington Post
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U.S. Races to Sell Venezuelan Oil, Transforming Ties With Former Foe The New York TimesTrump moves to block courts from seizing Venezuelan oil revenue in US accounts ReutersWhat US oil CEOs know about Venezuela that Trump doesn't The HillThe oil CEO who stood up to Trump is a follower of the disciplined ‘Exxon way' and has a history of blunt statements Fortune
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Oil prices fall after Trump signals he could hold off on attacking Iran CNBCAsian Shares Set for Weaker Open, Crude Oil Falls: Markets Wrap Bloomberg.comOil Prices Drop After Trump Cools Iran Tensions The Wall Street JournalOil prices climb as markets weigh Trump's potential Iran strike Axios
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Republicans on Capitol Hill have lightly thrown cold water on capping credit card interest at 10%.
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"Everything's on the table," an executive at JPMorgan Chase said, as the industry seeks to head off President Trump's effort to cap interest rates.
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Banks say a proposed 10% cap on credit card interest rates would result in fewer credit card accounts for Americans and a hit to the U.S. economy.
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