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European negotiators agreed late on Tuesday to implement the controversial trade agreement concluded last summer with the US. However, the deal — signed in the Scottish city of Turnberry — remains fragile as long as US President Donald Trump continues to use tariffs as a tool of political pressure. Diplomats and MEPs reached an agreement late on Tuesday to implement the contentious EU-US agreement, which eliminates duties on most US industrial goods imported into Europe. The negotiations concluded two weeks after US President Donald Trump threatened to impose 25% tariffs on EU cars if Europeans did not implement the agreement...

'm all about respect and sportsmanship, but I also love a healthy dose of gamesmanship, and that seems to be what we're getting from the Vegas Golden Knights. Vegas is still in the playoffs and currently tied with the Anaheim Ducks 2-2. However, they were the talk of hockey at the end of the regular season when they fired then-head coach Bruce Cassidy with just eight games left in the season and the team on track to make the playoffs. It was a shocker — especially after Cassidy led the team to a Stanley Cup in 2023 — and the...

A U.S. Court of Appeals has paused a ruling from the U.S. Court of International Trade (CIT) that had struck down President Trump’s second round of tariffs. They have issued a short-term administrative stay on the CIT's ruling, although they are considering a longer one. The new set of tariffs was immediately enacted following the Supreme Court’s decision invalidating the original Liberation Day tariffs under the International Emergency Economic Powers Act (IEEPA), and put a baseline 10 percent tariff on all U.S. trading partners. The new tariffs were originally blocked last Friday.

A U.S. trade court has ruled against President Donald Trump’s 10 percent global tariffs. The U.S. Court of International Trade ruled 2-1 that a 1970s law doesn’t allow the president to enact sweeping tariffs worldwide. The State of Oregon, a spice company called Burlap and Barrel, and a toy company named “Basic Fun Inc.” challenged the tariffs. Article 1, Section eight of the U.S. Constitution gives Congress the power to levy duties, collect taxes, and more. Section 122 of the Trade Act of 1974 gives some of that power to the president. It allows the president to impose temporary surcharges...

The U.S. Court of International Trade dealt a blow to the 10 percent global import tax that President Donald Trump imposed after losing on tariffs at the Supreme Court. A specialized federal court in New York delivered a new blow to President Donald Trump’s effort to impose widespread tariffs, ruling against the levies the president imposed after the Supreme Court decision in February that eliminated most of his emergency import taxes. Subscribe for unlimited access to The Post You can cancel anytime. Subscribe Thursday’s 2-1 ruling by a three-judge panel of the U.S. Court of International Trade held that the...

Beijing's empire isn't built on factories, AI labs, or rare earths. It's built on a single nation the West spent two decades dismissing — Iran. And the day Tehran's regime falls, the entire architecture China assembled over thirty years folds inward like wet cardboard. In this deep dive, we expose the hidden financial, energy, and geographic dependencies binding Beijing to Tehran — from the secret yuan-settled oil deals and the petroyuan experiment, to the Belt and Road's only viable land corridor, to the $9–12 billion annual "shadow fleet" subsidy quietly underwriting Chinese export manufacturing. We examine why China cannot quietly...

TRUMP BOOM: Asian buyers are abandoning Middle Eastern oil & lining up 28 supertankers to carry US crude in May alone. Normal bookings at this point: 5. US Gulf Coast exports hit a record 4.90 million barrels a day in April. Trump's energy dominance is not a talking point. It is a shipping manifest. h/t @KobeissiLetter

European countries, after the Second World War, came to a painful but profound conclusion: if they wanted to stop centuries of bloodletting among themselves, they had to make war materially irrational. The answer they found was not idealism alone, but interdependence. Trade. Shared markets. Shared interests. Over time, that logic helped give birth to what became the European Union. As the EU notes in its official history of postwar integration, the European Coal and Steel Community was created so that no single country could build the weapons of war against the others as in the past. Established by the Treaty...

I just saw a list of the commodities that are undergoing restriction of distribution in the Strait of Hormuz. When seeing a stark view of them, together as a group, I hadn't realized how extensive it is: 1) oil (gasoline and deisel), 2) liquid natural gas (LNG), 3) urea (fertilizer for food), 4) sulfuric acid (phosphate fertilizers for farming), 5) helium (microchips). (Source: Larry Johnson, today 04/06/2026 at 9 AM E.S.T.). I would like to hear from someone who has a good, fundamental understanding of economics, about the following question, (not someone who is an academic egghead, not anyone who...

In an expedited procedure, the European Commission recently raised tariffs on ceramic and porcelain products from China. Additional tariff measures are also being considered to protect the European internal market from the Chinese export engine. Is the EU economy now facing a trade war with Beijing, alongside the potential import halt on rare earths? Tensions in international trade policy are escalating on multiple fronts. After the U.S. Supreme Court initially declared the tariff regime implemented by President Donald Trump since April of last year unlawful, it appears the administration has explored new ways to stabilize its tariff policy going forward....

I’m reluctant to post a video as the average Freeper will respond with an angry, “I don’t watch videos!!!” Sometimes with an excess amount of exclamation points. More than three indicates you’re on the verge of smashing your head into the keyboard until it bleeds. This video is the most in-depth explanation of the world economic system, dollar hegemony and why we can’t reduce the deficit and why that won’t hurt the value of the dollar. It discusses the impact of American debt on the hollowing of industrial capacity and the impact on wages and lifestyle. We really can’t discuss...

Here's what you'll learn when you read this story:The Inca quipu was a complex system of knotted cords, encoded numerical records and possibly even a full logosyllabic language.New research demonstrates that the quipu's hierarchical structure can function as a versatile modern computer data structure.The researchers built working spreadsheets, file systems, and encryption tools powered by quipu data, rivaling conventional computing methods.

President Donald Trump has waived the Jones Act for 60 days to mitigate supply disruptions resulting from conflict in the Middle East. This raises a fundamental question: why do policymakers regularly suspend this law during emergencies yet leave it in place the rest of the time?The Jones Act is an antiquated 106-year-old law officially known as the Merchant Marine Act of 1920 that places draconian restrictions on the use of ships to transport goods within the United States. According to White House Press Secretary Karoline Leavitt, the waiver allowing the use of foreign vessels to transport goods “will allow vital...

ransomnote: Below are several of John A Konrad V's detailed posts. There are another 14 posts in this thread series at the link which I did not copy.Here's the source of the x.com thread posts below:DataRepublican (small r) repostedJohn Ʌ Konrad V@johnkonradLet's unpack this..What if the White House has no intention of reopening the Strait of Hormuz?What if this war is really about ships & tariffs?I had a long discussion with senior DOE official yesterday on background. I can’t share any details but it’s clear everyone’s Strait of Hormuz calculus is wrong.We need to go back to the drawing boards.That's...

Insurance giant Chubb will be the lead underwriter for a U.S. government-led program to provide insurance to ships making the risky transit through the Strait of Hormuz. Chubb will work with the U.S. International Development Finance Corp., or DFC, as part of a $20 billion plan to help get oil tankers and other commercial traffic moving again amid risks from the Iran war, the agency said. Oil prices have spiked since the war began at the end of February. Brent crude traded above $91 a barrel midmorning Wednesday. Oil prices have stayed relatively high despite an announcement Wednesday that the...

The European Union’s executive arm requested “full clarity” from the United States and asked its trade partner to fulfill its commitments after the U.S. Supreme Court struck down some of President Donald Trump’s most sweeping tariffs. Trump has lashed out at the court decision and said Saturday that he wants a global tariff of 15%, up from the 10% he announced a day earlier. The European Commission said the current situation is not conducive to delivering “fair, balanced, and mutually beneficial” trans-Atlantic trade and investment, as agreed to by both sides and spelled out in the EU-U.S. Joint Statement of...

A 6-3 Supreme Court majority on Friday struck down President Trump’s sweeping emergency tariffs (Learning Resources v. Trump) in a monumental vindication of the Constitution’s separation of powers. You might call it the real tariff Liberation Day. It’s hard to overstate the importance of the Court’s decision for the law and the economy. Had Mr. Trump prevailed, future Presidents could have used emergency powers to bypass Congress and impose border taxes with little constraint. As Chief Justice John Roberts explains in the majority opinion, “Recognizing the taxing power’s unique importance, and having just fought a revolution motivated in large part...

India has delayed plans to send a trade delegation to Washington this week, chiefly because of uncertainty after the US Supreme Court struck down tariffs imposed by President Donald Trump, a source in its trade ministry said on Sunday (Feb 22). One of the first concrete reactions among Asian nations to the decision, it follows Trump's move on Saturday to levy a temporary tariff of 15 per cent, the maximum allowed by law, on US imports from all countries, following the court's rejection. "The decision to defer the visit was taken after discussions between officials of the two countries," said...

U.S. Trade Representative Jamieson Greer on Sunday said the Trump administration would need guidance from the courts on how to handle tariff refunds after the Supreme Court struck down duties authorized under the International Emergency Economic Powers Act. “Well, we need the court to tell us what to do. They’ve created a situation where they struck down the tariffs and gave zero guidance on this,” Greer said during an appearance on ABC’s “This Week.” “Historically, you know, as a trade attorney, in my experience, courts will normally give you some instruction on what to do, when.” “The Court of International...

Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and Sen. Rand Paul, R-Ky., introduced legislation today to repeal Donald Trump’s global tariffs, with Senate Minority Leader Chuck Schumer, D-N.Y., and Sens. Tim Kaine, D-Va., Jeanne Shaheen, D-N.H., Peter Welch, D-Vt., and Elizabeth Warren, D-Mass. The binding measure will be treated as a privileged resolution that must receive a vote on the Senate floor. The measure would terminate the emergency that Trump declared in order to slap tariffs of up to 40% on products Americans buy from other countries. In the wake of Trump’s tariff declaration, costs have...