Trump and Big Steel, 'Armored' Teslas, DOGE sued again: Politics news

Start Slideshow

Image for article titled Trump and Big Steel, 'Armored' Teslas, and DOGE gets sued again: Politics news roundup — Graphic: Images: Saul Loeb/AFP, Andrew Harnik, Stefani Reynolds/Bloomberg, David Paul Morris/Bloomberg

Previous Slide

Next Slide

2 / 13

Trump is giving the steel industry everything it wants

President Donald Trump wears a hard hat as he tours U.S. Steel’s Granite City Works steel mill in Granite City, Illinois in 2018.

President Donald Trump is set to announce new tariffs of 25% on imported steel and aluminum, delivering a major win to the U.S. steel industry — all according to the industry’s plan.

Previous Slide

Next Slide

3 / 13

The Trump administration might buy ‘Armored’ Teslas worth $400 million

Elon Musk wearing a black make america great again hat speaking and gesturing with his hands — Tesla CEO Elon Musk during an executive order signing in the Oval Office at the White House on February 11, 2025 in Washington, D.C.

The Trump administration is looking at a $400 million, five-year contract for “Armored Electric Vehicles” that could refer to Teslas.

Previous Slide

Next Slide

4 / 13

Trump’s new CFPB chief is being sued over DOGE

A sign reading “We Love Consumers” at the US Consumer Financial Protection Bureau (CFPB) headquarters in Washington, DC, US, on Sunday, Feb. 9, 2025.

The acting director of the Consumer Financial Protection Bureau (CFPB) was hit with two lawsuits on Sunday after Russel Vought issued orders to freeze some of the consumer protection agency’s work.

Previous Slide

Next Slide

5 / 13

Inflation heated up again in January — and more Trump tariffs are looming

The consumer price index (CPI) climbed 3% in January from the previous year — faster than expected.

Previous Slide

Next Slide

6 / 13

Elon Musk’s X will pay Trump $10 million to settle a lawsuit over his Jan. 6 ban

Donald Trump's back is facing the camera as he hugs Elon Musk whose face can be seen, blurry people are in the background — Elon Musk embraces Donald Trump during a campaign rally on October 5, 2024 in Butler, Pennsylvania.

Elon Musk’s social media platform will reportedly become the second to settle a lawsuit brought against it by President Donald Trump.

Previous Slide

Next Slide

7 / 13

Coca-Cola is bringing back a classic to cope with Trump tariffs

Pizza takeaway in a cafe window in London.

Coca-Cola (KO) is considering a return to plastic bottles as it grapples with rising aluminum costs from President Donald Trump’s import tariffs.

Previous Slide

Next Slide

8 / 13

Here’s where you can expect to feel the cost of tariffs, from cars to soda cans

President Donald Trump on Monday slapped a 25% tariff on all steel and aluminum imports into the United States with no exceptions or exemptions.

“This is a big deal — making America rich again,” Trump said in announcing the tariffs.

But some economists and experts aren’t convinced the tariffs won’t impose pain instead.

Previous Slide

Next Slide

9 / 13

How investors can navigate the Sam Altman vs. Elon Musk feud, according to a Deutsche Bank exec

How investors can navigate the Sam Altman vs. Elon Musk AI feud, according to a Deutsche Bank exec

Previous Slide

Next Slide

10 / 13

5 sectors facing price hikes from Trump’s new steel and aluminum tariffs

President Donald Trump’s decision to impose a 25% tariff on all steel and aluminum imports has been hailed as a significant win for the U.S. steel industry. While the move is intended to bolster domestic production and reduce reliance on foreign metals, its broader economic impact is more complex. The tariff is poised to ripple across various industries, potentially driving up manufacturing costs and creating volatility in financial markets.

Previous Slide

Next Slide

11 / 13

Elizabeth Warren has a warning about America’s banking system under Trump

Senator Elizabeth Warren is sounding the alarm on cuts to Federal Deposit Insurance Corporation (FDIC), writing in a letter that the hiring freeze and decision to rescind 200 job offers to examiners has the potential to disrupt the “stability of the banking season.”

Previous Slide

Next Slide

12 / 13

Ford CEO says Trump’s tariffs are causing ‘a lot of cost and a lot of chaos’

President Donald Trump’s tariffs are adding “a lot of cost and a lot of chaos” to the auto industry, Ford (F) CEO Jim Farley said Tuesday.

Trump and Big Steel, 'Armored' Teslas, and DOGE gets sued again: Politics news roundup

Plus, Elizabeth Warren's warning, and Elon Musk’s X will pay Trump $10 million to settle a lawsuit