Free Republic

President Donald Trump said on Nov. 27 that the United States could eliminate income taxes over the next couple of years due to revenue generated from tariffs. Trump made the remarks during a Thanksgiving call with U.S. service members, saying the tariffs he imposed on foreign nations have generated substantial revenue and pushed companies to build their manufacturing facilities in the United States to avoid tariff costs. “We’re taking in hundreds of billions of dollars like we’ve never done before. And some of that’s going to go back in a form of a sort of dividend to our people, but...

At least one Republican senator has said that the U.S. government cannot afford a Trump administration proposal to send out $2,000 tariff-derived rebate payments. “If we’re bringing in revenue through the tariffs, that ought to be applied to reduce the deficit, not just to make cash payments to Americans,” Sen. Ron Johnson (R-Wisc.) told Fox Business’s Maria Bartiromo on Monday. Bartiromo then told him: “It sounds like you would vote ‘no’ in terms of $2,000 checks going to individuals.” He added that “we can’t afford it” and that he wishes the U.S. government was “in a position to return the...

The view that the stock market is in a massive bubble and bound to crash is incorrect over the medium term Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/3af620bb-6d5e-4281-879d-c3193e225803?segmentId=b385c2ad-87ed-d8ff-aaec-0f8435cd42d9 After the so-called “liberation day” tariffs announcement, the conventional wisdom about the US economy became very pessimistic....

It was, by any measure, a lot of red ink. When Volkswagen announced its third-quarter profits at the end of October, the German auto giant said it anticipated heavy losses for this year. The reason? It is taking a 5 billion euro hit from tariffs imposed in the American market. Likewise, the German sportswear manufacturer Adidas warned of a 120 million euro hit to its earnings, in part because the levies its trainers now face in the United States, while Toyota warned of a $9 billion hit from tariffs. For anyone following the corporate earnings season over the last month,...

Taiwanese National Science and Technology Council Minister Wu Cheng-wen said that Taiwan and the United States have reached a “consensus” to keep tariffs off Taipei’s semiconductor industry.The Taiwan Semiconductor Manufacturing Company Ltd. headquarters in Hsinchu, Taiwan, on Oct. 20, 2021. AP Photo/Chiang Ying-ying, FileIn a Financial Times interview published on Nov. 20, Wu said that Taiwan will support the United States in building its chip industry, and in return, the United States will offer tariff relief for the island’s semiconductor sector.“Of course, there’s the recipes of how to make the chips, but it’s also about the science park management, attracting...

The USDA is “crunching numbers” as it considers potential relief for farmers from tariff-related losses, U.S. Deputy Secretary of Agriculture Stephen A. Vaden said Monday. President Donald Trump’s administration previously hinted that it might devote up to $12 billion to aid payments for farmers who were hurt by tariff policies this year, Politico reported in late October. “This department only woke back up on Thursday of last week,” Vaden said, referencing the Nov. 12 conclusion of the longest government shutdown in U.S. history. “Lots of things changed during (the government shutdown),” including trade agreements with China, Southeast Asia, Pakistan, and...

PULSE POINTS❓WHAT HAPPENED: A 150-year analysis challenges conventional wisdom on the impact of tariffs, suggesting they lower prices and raise unemployment, contrary to establishment economic models.👤WHO WAS INVOLVED: Researchers Régis Barnichon and Aayush Singh from the Federal Reserve Bank of San Francisco conducted the study.📍WHEN & WHERE: The study analyzed data from 1870 to 2020 across the U.S., the U.K., and France, with findings published in November 2025.💬KEY QUOTE: “We find that a tariff hike raises unemployment and lowers inflation,” the authors stated in their working paper.🎯IMPACT: The findings challenge establishment economic models and suggest tariffs may work through demand-side...

Time is short for the Trump administration. Last week's elections were a setback, but not a devastating one: New Jersey is still a blue state, and while Virginia went red four years ago, it's been trending Democratic for more than a decade. Republicans also fared poorly in Pennsylvania, however, an all-important presidential battleground. Democrats even made inroads deep into the South, taking two state senate seats in Mississippi -- ending a GOP supermajority -- and picking up city council spots in South Carolina and Florida. With results like these, the Republicans' razor-thin majority in Congress won't survive the midterm elections...

A sweeping new analysis of tariff policy spanning 150 years suggests that the economic establishment may have fundamentally misunderstood how tariffs affect prices and employment, a finding with profound implications for understanding President Donald Trump’s trade policy and the proper response by the Federal Reserve. Researchers at the Federal Reserve Bank of San Francisco examined major tariff changes from 1870 through 2020 across the United States, the United Kingdom, and France. Their conclusion challenges the conventional wisdom that dominated economic policy debates in recent years: when countries raise tariffs, prices actually fall, not rise. “We find that a tariff hike...

US President Donald Trump has signed an executive order allowing a range of food products, including coffee, bananas and beef, to escape his sweeping tariffs. The move comes as his administration faces mounting pressure over rising prices. While Trump previously downplayed concerns about the cost of living, he has focused on the issue since his Republican Party's poor performance in last week's elections. The dozens of products included on the White House's list of exemptions range from avocados and tomatoes to coconuts and mangoes. These goods, the Trump administration said on Friday, cannot be produced in sufficient quantities domestically. Trump...

The Trump administration on Thursday said import taxes on coffee and bananas will be lowered as part of trade deals with four Latin American countries. The agreements with Argentina, Guatemala, El Salvador and Ecuador come as US President Donald Trump faces scrutiny over his handling of the economy and concerns about affordability. As part of an initial framework, a reciprocal tariff of 10% will stay on goods from Guatemala, Argentina and El Salvador, as will a 15% rax on imports from Ecuador into the US. But the deals will exempt products that cannot be produced in the US "in sufficient...

The U.S. and Switzerland are getting close to signing a trade deal to lower tariffs of 39% that President Donald Trump slapped on the country in August. The president confirmed on Monday that White House officials were “working on a deal to get the tariffs a little lower.” “I haven’t set any number, but we’re going to be working on something to help Switzerland,” he told reporters in the Oval Office. “We hit Switzerland very hard. But we want Switzerland to remain successful,” he added, saying the country had been a “very good ally.” The tariff on Swiss exports could...

Executives at Ford Motor Company are praising President Donald Trump’s expanded auto tariffs, saying such duties will ensure that manufacturing in the United States is no longer a disadvantage for American companies.Last month, Trump announced a 25% tariff on imports of medium and heavy-duty trucks and truck parts, such as large pick-up trucks, moving trucks, cargo trucks, dump trucks, and tractors for eighteen-wheelers.In a recent earnings call, Ford CEO Jim Farley thanked Trump for the newly announced tariffs on foreign cars and car parts.“I’d like to thank President Trump and his team for the recent tariff policy developments, which are...

President Donald Trump said on Monday that the United States faces an economic and national security catastrophe if the Supreme Court nullifies his use of an emergency powers statute to place tariffs on most nations. Trump also said his administration is looking into $2,000 stipends to lower- and middle-income Americans through tariff dividends, as well as paying off the national debt. “All money left over from the $2000 payments made to low and middle income USA Citizens, from the massive Tariff Income pouring into our Country from foreign countries, which will be substantial, will be used to SUBSTANTIALLY PAY DOWN...

Summary Colombia has been major US ally, recipient of aid Steep tariffs would hit legitimate businesses, analysts say Alienating Latin America provides opportunity for China WASHINGTON/BOGOTA, Oct 21 (Reuters) - U.S. President Donald Trump's threat this week to slap Colombia with tariffs over its drug policy marked a sharp escalation in his feud with a country that has long been one of Washington's closest Latin American allies.It was also a rejection of an established idea about countering the narcotics business: that free trade can make legitimate exports more attractive than drug trafficking.Read about innovative ideas and the people working on...

President Donald Trump announced on Sunday that he will give a $2,000 check to every American, which will come from the tariff revenue collected by the administration. “A dividend of at least $2000 a person (not including high income people!) will be paid to everyone” Trump wrote on Truth Social, adding that those against tariffs are “fools.” While this proposal would likely need to be passed by Congress, it resembles legislation introduced this summer by Republican Sen. Josh Hawley’s (R-Mo.) this summer, to give $600 tariff rebates to nearly all Americans and their dependent children. “My legislation would allow hardworking...

How do I begin to cover today’s latest development: President Trump, having imposed steep tariffs on Chinese goods—tariffs that reached a staggering 145%—is now signaling a substantial reduction. Treasury Secretary Scott Bessent has acknowledged these tariffs are "unsustainable," hinting at a likely de-escalation in the trade war with China. Yet, in a twist of political theater, this retreat is being celebrated by supporters as a strategic masterstroke. The same voices that once championed the tariffs as a bold stand against China now laud their rollback as a savvy move, all without a hint of irony.​ I say this a lot,...

With the election of Zohran Mamdani as Mayor of New York, much conversation has been made of his appeal to “affordability.” As I’ve written previously, this is a noble conversation, but one that has been dishonestly framed (by Democrats and media) to date. I will use Mamdani’s comment in his acceptance speech to re-frame the debate. We will prove that there is no problem too large for government to solve, and no concern too small for it to care about.Mamdani and the Democrat party have effectively defined a binary choice: Should government or “the market” control affordability? The Democrats are...

Newsdump Alert: Afghanistan-Pakistan Peace Talks Break Down Conflict Follows Pakistan Leader's White House Visit, Trump Demand For Use Of Bagram Air Base... Back in September Israeli Prime Minister Benjamin Netanyahu made his country's priority clear when meeting military leadership... "He was the founder of this important internet platform for Conservatives, and was a true patriot"... But for starters I'll go back to the music I heard in my background the guys in the dorm were into this group... "And so I put the blame on both Republicans and Democrats for basically, Caitlin. Just can't say it on CNN. But it's...

The most important thing to know about the Trump administration’s defense of its hotly contested use of tariffs to bring allies and opponents to heel is not that it is a novel and unprecedented legal argument but rather a full-throated articulation of the campaign themes that got the president elected – in both 2016 and 2000. In its legal documents, and in the oral arguments that took place before the Supreme Court Wednesday, the Trump administration paints a picture of America under siege. Once thriving industrial towns in the Midwest hollowed out. Factories dismantled as supply chains have been moved...