Rick Santelli Casts Doubt on Idea That Trump Tariffs Would Increase Inflation
Inflation and Tariffs: Insights from CNBC Editor Rick Santelli, an editor at CNBC, commented on Tuesday regarding the tariffs implemented by President Donald Trump, suggesting that recent data indicates these tariffs have not led to a significant increase in inflation. The Consumer Price Index (CPI) showed a 2.7% increase year-on-year in June, which is nearly […]
Yuma steel supplier plans to increase prices due to higher tariffs.
Price Increases Loom for Arizona Businesses Due to New Tariffs Arizona businesses are bracing for price hikes as new tariffs, imposed by the Trump administration, are set to take effect on Tuesday. Beginning March 4, imports from Canada and Mexico will incur a 25% tariff, with a similar duty on all steel and aluminum imports […]
Tariffs Assist US Government in Achieving Unexpected Surplus for June
US Government Reports $27 Billion Budget Surplus in June The US government saw a budget surplus of $27 billion in June, according to data that was released by the Treasury Department on Friday. This surplus is largely attributed to an increase in revenue, particularly from tariffs. The customs receipts for June were notable, as they […]
Trump Increases Tariffs on Canada and Warns of Additional Measures Due to Fentanyl Issue
Canada Faces New Tariff Increases from the U.S. On Thursday, Canada was hit with new tariffs by the Trump administration. Beginning August 1, the U.S. will implement a 35% tariff, a significant increase from the previously announced 25%. Trump made this announcement on his Truth Social platform, pointing to trade deficits as a potential threat […]
Democrats claim Trump’s emergency tariffs breach the Constitution in court case
Trump’s Emergency Tariffs Face Legal Challenges WASHINGTON – This week, House Democrats contended that President Donald Trump’s significant emergency tariffs have undermined Congressional authority, asking federal courts to review their validity regarding international trade obligations. The U.S. Federal Circuit Court of Appeals is preparing to hear arguments concerning some of Trump’s tariffs after lower courts […]
Trump Introduces Fresh Tariffs on Six Nations
Trump Announces New Tariffs on Additional Countries President Donald Trump revealed on Wednesday that new tariffs would be implemented targeting six more trading partners. Starting on August 1, the U.S. will impose 30% tariffs on Algeria, Libya, and Iraq; 25% on Brunei and Moldova; and 20% on the Philippines. This comes after Trump’s earlier announcement […]
As President Trump reduces auto tariffs, Mercedes confirms its dedication to Alabama.
The Trump administration has relaxed tariffs on imported vehicles and auto parts, according to reports. While the existing 25% tariffs on foreign-made cars remain, certain tariffs on items like steel and aluminum will not be added to that rate. As per the announcement, domestic car manufacturers in the U.S. will benefit from a rebate on […]
Economist Art Laffer Explains Why Tariffs Don’t Cause Inflation
Economist Discusses Tariffs and Inflation Economist Artraffer shared insights on Fox Business recently, arguing that tariffs won’t actually increase inflation. Instead, he believes that the negative effects of import taxes would be balanced out by price reductions in exports. On April 2, Trump introduced mutual tariffs affecting several countries but quickly announced a 90-day pause […]
Trump Signals Step Back On China Tariffs, Says They’ll ‘Come Down Substantially’
President Donald Trump signaled the US to ease Chinese tariffs from his oval office Tuesday evening, saying that “a big fall” would not be completely eliminated. On April 2nd, Trump announced mutual tariffs in several countries. When asked about tariffs on foreign countries on Tuesday, Trump announced higher rates in countries like China due to […]
TAYLOR MILLARD: How Chocolate Tariffs Could Kill The Easter Bunny
Easter Sunday is a few days away. There is bad news for Americans who want to celebrate with traditional chocolate sweets. The cocoa and vanilla tariffs, both used to make sweets, make chocolate and chocolate production more expensive in the US, while benefiting European candy makers. That’s because of the top 5 Easter candies – […]