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The Supreme Court struck down the majority of President Trump’s “Liberation Day” tariffs in February, and Sen. Elizabeth Warren isn’t letting the Administration weasel out of paying back American taxpayers. “If your Administration is successful in its campaign to avoid paying back illegally collected tariffs, it would amount to a theft in broad daylight from each and every American family that has paid the price of your failed economic agenda,” Warren said in a Wednesday statement. Per her office’s estimates, the tariffs have cost families about $1,700 each. The Supreme Court on February 20 ruled against the tariffs 6-3, arguing...

A coalition of Democratic-led states sued President Donald Trump on Thursday in the U.S. Court of International Trade, arguing that his newly imposed across-the-board tariffs are illegal. The suit is led by the Democratic attorneys general from Oregon, New York, California and Arizona along with attorneys general from 18 other states. They accused Trump of trying to “sidestep” a February Supreme Court ruling that overturned many of his tariffs by using a different statute, Section 122 of the Trade Act of 1974, as justification for new tariffs. “The President is attempting to use an obscure law as a tool for...

The race to recover more than $130 billion in tariff payments is accelerating across corporate America after the U.S. Supreme Court struck down major portions of President Trump’s tariff program last week. What began as a legal dispute has rapidly evolved into one of the largest government refund battles in modern economic history, with at least 1,800 companies now filing lawsuits seeking repayment from the federal government. The stakes are enormous, not only for businesses but also for investors, taxpayers, and markets. The outcome could reshape trade policy, government liability, and corporate cash flows for years to come.Earlier this week,...

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...

It was on April 2 that President Trump appeared at the White House to unveil his “Liberation Day” tariffs. The sweeping announcement roiled markets and helped set the tone for the president’s second-term tariff push — even though many of the country-specific tariff rates he held up in a chart would soon be paused until May and then tweaked throughout the rest of the year.

Democrats just flipped the Miami mayorship from 🟥🔜🟦. The last time democrats won Miami was 1998. Republicans are completely squandering all of the work we did to win the 2024 elections. It’s especially frustrating as democrats are raising taxes in New Jersey & Pennsylvania.

Several applicants nominated Jared Taylor as an influence on their thought. Taylor is a prominent white nationalist, and the founder of the American Renaissance website, journal, and annual conference. For decades, Taylor has denied that he is a white supremacist

An explosive Washington Post report, the subject of so much discussion the past two days, says that, in the first missile strike the Trump Defense Department carried out against operatives of a boat suspected of transporting narcotics on the high seas off Venezuela, two survivors were rendered shipwrecked. As they clung to the wreckage, the U.S. commander ordered a second strike, which killed them. If this happened as described in the Post report, it was, at best, a war crime under federal law. I say “at best” because, as regular readers know, I believe the attacks on these suspected drug...

The Wall Street Journal (WSJ) Editorial Board rushed to the defense of Afghan refugees in an op-ed published on Thursday, saying they “shouldn’t be blamed for the violent act of one man.” On Wednesday, 29-year-old Rahmanullah Lakanwal — an Afghan national who came to the U.S. as part of former President Joe Biden’s Operation Allies Welcome in 2021 after the botched Afghanistan withdrawal — allegedly opened fire on two National Guardsmen stationed in Washington, DC. After the attack, President Donald Trump announced that his administration would “reexamine every single alien who has entered our country from Afghanistan” under Biden. Following...

With a social-media post that said “STOP LYIN” about there being an affordability crisis, President Trump claims he’s whipped inflation. But consumers are still feeling the squeeze. Target’s prices are up 5.5% nationwide this year and Walmart’s are up 5.3%, according to an analysis by DataWeave, which looked at roughly 16,000 items across each retailer’s website. Amazon’s price hikes have averaged more than 12%, according to a report. After seven months under Trump’s tariffs, Americans are paying more for nearly everything — from a cup of joe and plush living room sofas to children’s toys. Inflation for food has been...

In the most significant economic case to reach the Supreme Court in years, Trump’s authority to issue emergency tariffs faced deep skepticism from key conservatives — including Chief Justice John Roberts and Justices Amy Coney Barrett, Neil Gorsuch and Brett Kavanaugh. • While justices had tough questions for both sides, a majority expressed reservations about the administration relying on declared emergencies to issue the unchecked tariffs. • As plaintiffs presented their case, Kavanaugh repeatedly noted that courts had previously allowed then-President Richard Nixon to use similar emergency powers to impose tariffs during his administration. • Both sides previously framed the...

President Donald Trump's use of sweeping tariffs faced sharp questioning at the Supreme Court on Wednesday, in a case with major implications for the president's agenda and the global economy. A majority of justices, including several conservatives, expressed doubts about the White House's justification of the import duties, which the president has said are necessary to restore America's manufacturing base and fix its trade imbalance. The measures are being challenged by a number of small businesses and a group of states, which contend that the president has overstepped his authority in imposing the levies, which are in effect a tax....

Here's a look at how US tariffs on Chinese goods have changed during President Trump's second term so far. February: Trump imposes a 10% tariff on Chinese goods due to what he said was the flow of the drug fentanyl to the US. March: The president adds another 10% tariff on goods from China, accusing it of not doing enough to address the fentanyl flow to the US. April: Trump adds a 34% levy on all Chinese imports as part of his sweeping "Liberation Day" tariffs. This brings the total to 54% on Chinese goods. This is on top of...

The Ronald Reagan Foundation has just announced that Canada has fraudulently used an advertisement, which is FAKE, featuring Ronald Reagan speaking negatively about Tariffs. The ad was for $75,000. They only did this to interfere with the decision of the U.S. Supreme Court, and other courts. TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A. Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED. Thank you for your attention to this matter! President DJT

President Trump and President Xi Jinping are locked in a fresh trade war standoff—and Beijing is betting the U.S. stock market will blink first. China’s escalating economic retaliation is timed with precision, and the message is clear: Xi believes Trump won’t risk another market meltdown. That assumption could shape every policy move over the next few weeks and shift investor sentiment worldwide. From rare-earth sanctions to new export controls and shipping-related penalties, China is tightening the screws just as President Trump threatens 100% tariffs on Chinese goods. Meanwhile, both countries prepare for a high-stakes summit later this month in South...

Brick by brick, President Donald Trump is building a wall around the world’s largest economy. As America’s tariff barriers on everyone else have gone up, so has the drawbridge, making it harder for migrants to enter the country. The president wants to turn America into a fortress that keeps out foreign incursions. In fact, he is cutting America off from the very goods and talent that helped make its economy the envy of the world. Already the damage is starting to show; once wreaked, it will not easily be reversed. That is not how investors see it. In the six...

President Trump’s tariffs are one of the broadest claims of executive power in American history, taxing imports from anywhere on his personal whim. The problem is he doesn’t have that power under the law or the Constitution, as the Court of Appeals for the Federal Circuit ruled late Friday in V.O.S. Selections v. U.S. This is a crucial moment for the Constitution’s separation of powers. A 7-4 majority upheld a lower-court decision striking down the tariffs that Mr. Trump imposed under the 1977 International Emergency Economic Powers Act (IEEPA). In February he invoked the law to slap taxes on imports...

President Trump has now imposed his new tariff regime on the world, and the triumphalism is palpable in MAGA land. But maybe hold the euphoria, as this week’s reports on jobs and the economy suggest the new golden age may take a while to appear. Friday’s labor report arrived with a particular jolt, with a mere 73,000 net new jobs in July. Even more bearish were the downward revisions of 258,000 jobs in May and June. Job gains over the last three months are barely more than 100,000. The details in the report provide little solace. The jobless rate ticked...

U.S. manufacturing contracted for a fifth straight month in July and factory employment dropped to the lowest level in five years amid tariffs that have raised prices of imported raw materials. The Institute for Supply Management (ISM) said on Friday that its manufacturing PMI dropped to 48.0 last month from 49.0 in June. A PMI reading below 50 indicates contraction in manufacturing, which accounts for 10.2% of the economy. Economists polled by Reuters had forecast the PMI edging up to 49.5. The weak PMI reading is consistent with economists' expectations for a slowdown in activity in the third quarter as...

SAO PAULO, July 29 (Reuters) - Brazilian beef-packers' lobby Abiec, which represents companies including JBS and Marfrig (MRFG3.SA), opens new tab, on Tuesday estimated losses of $1 billion if the United States applies a 50% tariff on Brazilian exports The U.S. is Brazil's second biggest beef export destination after China. Roberto Perosa, head of Abiec, said Brazilian beef companies had expected to sell some 400,000 tons by yearend to the U.S., but imposition of a 50% tariff would make sales "inviable." No market can immediately replace the U.S. based on the sheer volume demanded by the importers and the price...