Commerce Secretary Howard Lutnick dismisses the inflationary impact of tariffs, contradicting economic realities as businesses warn of higher costs. SBA Administrator Kelly Loeffler announces the closure of six regional SBA offices, including Chicago, citing sanctuary city status—sparking backlash from local business advocates. Nasdaq President Tal Cohen outlines plans for 24-hour trading, aiming to expand global market access by 2026. CFTC Commissioner Summer K. Mersinger and SEC Commissioner Hester M. Peirce will discuss alternative investment regulations at an upcoming forum.
Meanwhile, antimony prices surge nearly 300% amid China's export restrictions, threatening supply chains but benefiting Western miners. Canada retaliates against U.S. tariffs by removing bourbon and California wines from liquor stores. A 1987 Reagan speech on free trade resurfaces, but a key section on tariffs against Japan is omitted. Finally, CloudMargin celebrates its 10th anniversary with record growth, reflecting the rising demand for automated collateral management.
