NYC rent freeze, TPS ruling & Iran strikes
Today’s briefing covers a major rent freeze for one million New Yorkers, a Supreme Court ruling that puts hundreds of thousands of residents at risk of deportation, and new U.S. military strikes in Iran. We also look at potential 100% tariffs on European goods.
About one million New Yorkers in rent-regulated apartments will see no increase in their housing costs following a city housing board vote to freeze rents. The decision fulfills a key pledge by Mayor Zohran Mamdani. Rent-regulated apartments are units where the government limits how much landlords can increase the price each year to keep housing affordable.
Hundreds of thousands of Haitian and Salvadoran residents are now at risk of deportation after a U.S. Supreme Court ruling on Thursday. The court cleared the way for the administration to end the Temporary Protected Status (TPS) program for these groups. TPS is a legal designation that allows people from countries hit by war or natural disasters to live and work in the U.S. temporarily.
The cost of goods imported from Europe could double under a new 100% tariff threat from President Donald Trump. He vowed to impose the tax on any country that enacts a digital services tax, which targets the revenue of large tech companies. A tariff is a tax imposed by a government on goods imported from other countries.
The U.S. military launched strikes against Iran on Friday, responding to a drone attack on a cargo ship in the Strait of Hormuz a day earlier. This is the most significant military response yet in the region following the ship attack.
Check the News section for more, including a judge's demand for answers on dropped fraud charges and the rising death toll from earthquakes in Venezuela.