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The Senate will likely start moving next week on a bill to place strong sanctions on Russia because it is not moving forward toward agreeing to a ceasefire in Ukraine, Sen. Lindsey Graham, the legislation's sponsor, said Friday. "Enough of talking," the South Carolina Republican told reporters while visiting Ukraine's capital city of Kyiv, reports Bloomberg News. "I would expect next week that the Senate will start moving the sanctions bill ... there are House members that are ready to move and you will see congressional action." The sanctions bill, according to a draft seen by Bloomberg, includes a 500%...

More than a quarter-million Chinese students attending college in the United States saw their futures plunged into uncertainty Wednesday when the Trump administration announced an aggressive crackdown on student visa holders from that country. With an estimated 277,398 students pursuing primarily undergraduate and graduate degrees, China ranks only behind India among foreign countries with the highest number of students attending college in the U.S., according to data from the Institute of International Education. Since China’s middle-class boom in the early aughts, its students have flocked to U.S. institutions, which in turn welcomed the enrollment boost and mostly unsubsidized tuition fees....

As the Trump administration cut billions of dollars in federal funding to scientific research, thousands of scientists in the U.S. lost their jobs or grants — and governments and universities around the world spotted an opportunity. The “Canada Leads” program, launched in April, hopes to foster the next generation of innovators by bringing early-career biomedical researchers north of the border.Aix-Marseille University in France started the “Safe Place for Science” program in March — pledging to “welcome” U.S.-based scientists who “may feel threatened or hindered in their research.”Australia’s “Global Talent Attraction Program,” announced in April, promises competitive salaries and relocation packages.“In...

Calling the trade talks a stalemate, US President Donald Trump has threatened to impose a 50% tariff on the EU on June 1. European markets took an immediate tumble following Trump's social media post. US President Donald Trump announced on Friday that he is recommending a 50% tariff on goods from the European Union, citing a stalemate in trade talks. "Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025," he wrote on social media. In a post on Truth Social, Trump reiterated his criticism of...

The Trump Administration has frozen billions in federal grants to Harvard University, threatened its tax-exempt status, and sought to dictate its curriculum and hiring. Now the government seems bent on destroying the school for the offense of fighting back. And for what purpose? That’s how we read the Department of Homeland Security’s move Thursday to bar foreign students from attending the world-renowned institution. That’s 6,800 students, or a quarter of Harvard’s student body, whose futures are suddenly in disarray. It’s also a short-sighted attack on one of America’s great competitive strengths: Its ability to attract the world’s best and brightest....

SummaryShipping firms, port operators, retailers welcome progress Industry experts say 30% tariffs remain a risk for US consumers Shipping rates could rise with a cargo rush BERLIN/LOS ANGELES, May 12 (Reuters) - The container shipping industry on Monday welcomed an agreement between the United States and China to temporarily slash punishing tariffs, saying it expected to be buoyed by a resulting recovery in bookings from China to the U.S.The United States will cut extra tariffs it imposed on Chinese imports in April to 30% from 145% and Chinese duties on U.S. imports will fall to 10% from 125% for the...

The US and China have agreed a deal that will significantly cut the import tariffs, or taxes, both sides have imposed on one another for a 90-day period. US Treasury Secretary Scott Bessent said both countries would lower their reciprocal tariffs by 115% for 90 days. The announcement came after the two countries held intensive talks in Switzerland over the weekend.

House Republicans are trying to find the right cocktail of tax reductions and new revenue to pass President Donald Trump's "big, beautiful bill" by Memorial Day. No taxes on tips is politically popular and is a key campaign promise of the president, but a coalition of deficit hawks could block that if the GOP fails to find revenue to cover the gap. That is why the president pushed House Speaker Mike Johnson, R-La., this week to raise taxes on the super rich. Trump is considering allowing the rate on individuals making $2.5 million or more to increase by 2.6%, from...

Canadian exports to the United States are beginning to decrease in light of the trade war. Statistics Canada announced that exports to the United States, Canada’s largest trading partner, declined 6.6% during the first month of tariffs while imports from the United States fell 2.9%. March 2025 was the second-highest recorded monthly increase in non-US trade for Canada. Exports to nations outside the US rose 24.8%. Overall exports in March 2025 reached $69.9 billion, a slight decrease from February’s $70.04 billion posting, yet volume rose by 1.8%. The United Kingdom has been purchasing unwrought (crude) gold exports from Canada this...

President Donald Trump has tapped "The Five" co-host Judge Jeanine Pirro to be the interim U.S. Attorney for Washington, D.C. "I am pleased to announce that Judge Jeanine Pirro will be appointed interim United States Attorney for the District of Columbia," Trump wrote on his social media platform Truth Social on Thursday. "Jeanine is incredibly well qualified for this position, and is considered one of the Top District Attorneys in the History of the State of New York. She is in a class by herself. Congratulations Jeanine!" Pirro has left Fox News Channel and a rotation of Fox News personalities...

President Trump appeared to acknowledge Wednesday that toy shortages are possible as his tariff hikes ripple through the economy. The CEOs of Walmart, Target and Home Depot privately warned him last week about the likelihood of product shortages and price spikes. "Somebody said, 'oh, the shelves are gonna be open,'" Trump told reporters Wednesday. "Well, maybe the children will have two dolls instead of 30 dolls, and maybe the two dolls will cost a couple of bucks more."

Donald J. Trump @realDonaldTrump The Movie Industry in America is DYING a very fast death. Other Countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States. Hollywood, and many other areas within the U.S.A., are being devastated. This is a concerted effort by other Nations and, therefore, a National Security threat. It is, in addition to everything else, messaging and propaganda! Therefore, I am authorizing the Department of Commerce, and the United States Trade Representative, to immediately begin the process of instituting a 100% Tariff on any and all Movies coming into...

The Democrat and RINO effort to blow up Trump’s global tariffs suffered an embarrassing failure in the Senate this evening after two senators failed to vote. As The Gateway Pundit reported, Senator Rand Paul (RINO-KY) had sponsored a resolution that would have terminated ALL of Trump’s tariffs, including those on America’s top adversary, China. The vote deadlocked 49-49, meaning it failed by one vote. But there were three Republicans who voted to stab Trump in the back and end the global tariffs: Rand Paul of Kentucky Susan Collins of Maine Lisa Murkowski of Alaska Senators Sheldon Whitehouse (D-RI) and Senator...

The numbers at 1045 pm Eastern Time the Liberals leading-elected 158, the Conservatives 130, the Bloc Quebecois 24, the NDP 9. Liberal Party leader Mark Carney declared elected in his riding of Nepean a seat in the Ottawa area. The central banker turned politician will lead Canada to offer what one might call "Globalist Opposition" to President Donald Trump's efforts to coordinate and unite as many nations as possible to oppose the economic challenge of China. Trump seeking to bring Canada into the United States and obtain vital Arctic territories to compete with Russia's dominance of that region...

The White House is warning that President Donald Trump will veto a bipartisan Senate resolution that would terminate his sweeping global “Liberation Day” tariffs. The statement of administration policy from the Office of Management and Budget, sent to congressional offices Monday, comes ahead of an expected vote this week forced by several Democrats led by Sen. Ron Wyden of Oregon and Republican Sen. Rand Paul of Kentucky. “This resolution would undermine the administration’s efforts to address the unusual and extraordinary threats to national security and economic stability, posed by the conditions reflected in the large and persistent annual U.S. goods...

So far, American consumers have been shielded from much of the impact. But as the world of international shipping adjusts to his policies, the president is facing a potential reckoning. With the US-China trade war starting to gum up container traffic between the world’s two biggest economies, freight companies are warning of plunging bookings and a surge in “blank sailings” – where ports are skipped or voyages are called off altogether. Earlier this week, America’s most powerful retail executives trooped into the White House to deliver a blunt prognosis: tariffs on Chinese goods risked causing “empty shelves” in two weeks...

WASHINGTON (AP) — Why not tax the millionaires?As Congress begins drafting a massive package for President Donald Trump’s “big, beautiful bill” with trillions of dollars in tax breaks and federal program cuts, it’s a question that won’t seem to go away.Trump himself has mused he’d “love” to tax wealthier Americans a little bit more, but the Republican president has also repeatedly walked it back. This week, the president dismissed a tax hike as “disruptive” when asked about it at the White House.But still it swirls.And it’s setting up a potential showdown between the old guard of the Republican Party, which...

US Treasury Secretary Scott Bessent made significant comments about the ongoing tariff tensions with China at a closed-door investor summit on Tuesday in Washington. According to Bloomberg, Bessent told attendees that the standoff with China -- which he said was essentially an embargo -- is unsustainable and that he expects it to de-escalate. He said that while formal negotiations haven't commenced, a deal remains possible. Risk assets have rallied on this.

This could really take a bite out of the Big Apple. The secondhand apparel industry may be dodging duties on imported goods – but the impact of President Trump’s tariffs on thrift shops may still bring a wrecking ball to businesses across the city, resellers told The Post. “There’s a lot of rhetoric that everybody’s going to turn to second-hand [clothing] when wallets tighten,” said Alexis Krase, owner of plus-size secondhand store Plus BKLYN in Greenpoint. “But overall, I think that ultimately means people are also being more critical of spending dollars in general: Overall sales will be down.” Krase,...

The Dow plunged more than 1,100 points as President Trump intensified his attacks on the Federal Reserve’s independence — calling chairman Jerome Powell “a major loser” for not lowering interest rates. The Dow Jones Industrial Average was recently off 1,084.93 points, or 2.8%, at 38,057.30 in midday trades after plunging losing 1,406 points during the previous holiday-shortened week. US markets were closed on Friday in observance of Good Friday. The S&P 500 on Monday fell 2.9% and the Nasdaq slipped 3.1%. In a fiery Truth Social rant on Monday, Trump once again called for the Federal Reserve to slash interest...