China Acknowledges That Trump Tariffs Are Impacting Its Economy
China’s Economic Struggles in July China’s economy displayed signs of fatigue in July, as officials acknowledged the pressure from US tariffs. According to various reports, the numbers coming out of Beijing were less than encouraging. Data released on Friday revealed that industrial output, retail sales, and investment figures all fell short of predictions, although the […]
Trump Extends Deadline for China Tariffs Again
Trump Delays Tariffs on Chinese Goods Again President Donald Trump issued an executive order on Monday that postpones the enforcement of tariffs on Chinese products for another 90 days. This decision came just before the tariffs were set to take effect. Recently, both countries engaged in multiple discussions regarding trade agreements prior to this deadline. […]
Increased Tariffs on India Could Be Pushing Important US Ally Nearer to Russia and China
The recent hike in tariffs in response to President Donald Trump’s decision to purchase Russian oil might unintentionally push longstanding US allies toward the embrace of America’s biggest geopolitical rival. On Wednesday, Trump announced that tariffs on India would be increased from 25% to 50%, citing India’s ongoing acquisition of Russian oil as the main […]
If the Court Overturns Trump’s IEEPA Tariffs, This is How the America First Trade Plan Can Endure
Trump’s April 2 tariff release is nearing its conclusion, but the Court of Appeals has ruled that using the International Economic Emergency Rights Act (IEEPA) for worldwide tariffs is illegal. As a result, the initial trade agenda may endure. So far, neither Treasury Secretary Scott Bescent nor the President seems overly concerned about the tariffs […]
Trump imposes several new tariffs on U.S. trading partners
Trump Signs New Tariff Increase WASHINGTON – President Donald Trump reaffirmed his commitment to raise tariffs on foreign imports, officially signing the measure late Thursday. This new order raises import taxes on goods from nearly all US trading partners, marking a significant shift in trade policy. As a result, markets reacted negatively on Friday, influenced […]
Trump Gives Mexico an Extra 90 Days to Prevent Higher Tariffs
Trump Extends Trade Deal Negotiation with Mexico On Thursday morning, President Donald Trump announced that Mexico will have a 90-day extension to negotiate a trade deal with the United States. After what he described as a “very successful” phone call with Mexican President Claudia Sheinbaum, Trump noted that Mexico had previously been afforded some time […]
European imports to face 15% tariffs following Trump’s trade agreement
Trade Framework Announced by Trump and EU Leaders WASHINGTON – Over the weekend, President Donald Trump and leaders from the European Union revealed a new trade framework, which includes a 15% import tax on goods from the EU. This announcement comes just days before a voluntary deadline related to emergency fees. The agreement stipulates that […]
‘Uncharted Area’: Victor Davis Hanson argues that economists who criticized tariffs lack the understanding they assert.
Victor Davis Hanson Discusses Tariff Predictions and Economic Policy Victor Davis Hanson appeared on Fox Business, where he critiqued those who forecasted economic turmoil due to the Trump administration’s trade policies, especially the elevation of tariffs. Media outlets have frequently anticipated a surge in prices as a direct result of President Trump’s tariffs. Yet, these […]
Trump Considers Sending Rebate Checks to Americans Funded by Tariffs
Trump Considers Tariff Revenue for American Rebates President Donald Trump mentioned on Friday that he is contemplating the use of tariff revenues to provide rebate checks to Americans. In June, the US government posted a budget surplus of $27 billion, largely attributed to record tariff revenues. When asked by reporters at the White House about […]
Sen. Tuberville calls for tariffs to protect cabinet manufacturing jobs
Senator Advocates for Tariffs on Imported Cabinets US Senator Tommy Tuberville is pushing for immediate tariffs on imported cabinets, arguing that unfair foreign competition is harming American manufacturing and jeopardizing numerous jobs. This week, a panel held by the American Kitchen Cabinet Alliance highlighted what Tuberville, along with other lawmakers and industry executives, described as […]