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Consumer sentiment soared in early June, rising for the first time in six months and posting its strongest monthly gain since January 2024, according to preliminary data released Friday by the University of Michigan. The university’s closely watched index of consumer sentiment jumped to 60.5 in the first half of June, up from 52.2 the prior month—a 16 percent gain that beat every estimate in a Wall Street Journal survey of economists. The expectations sub-index surged more than 21 percent, the biggest one-month gain since late 2023. The sharp rebound in optimism follows weeks of steady economic data, including soft...

The prices of goods and services charged by U.S. businesses rose by less than expected in May, adding to the evidence that President Trump’s tariffs are not putting upward pressure on inflation. The producer price index for final demand ticked up 0.1 percent last month, half of what economists had forecast. Core producer prices, a metric which excludes food and energy, also rose 0.1 percent, one-third of the 0.3 percent increase forecast by economists. If trade services, a measure of retail and wholesale margins, is also excluded, prices still rose by just 0.1 percent. Compared with a year ago, the...

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...

50% is a reasonable tariff to place on the E U since we are going into 80 years of the Marshall plan to help Europe recover from World War 2. Eighty years, when Truman was president. I wasn't even born yet. It's time to cut these freeloaders loose. In addition, let's make them pay for their own defense. June 1 is as good a date as any.

Rogue communication devices found in Chinese solar inverters Undocumented cellular radios also found in Chinese batteries U.S. says continually assesses risk with emerging technology U.S. working to integrate 'trusted equipment' into the grid LONDON, May 14 (Reuters) - U.S. energy officials are reassessing the risk posed by Chinese-made devices that play a critical role in renewable energy infrastructure after unexplained communication equipment was found inside some of them, two people familiar with the matter said. Power inverters, which are predominantly produced in China, are used throughout the world to connect solar panels and wind turbines to electricity grids. They are...

Import prices ticked up slightly in April, driven by higher costs for nonfuel goods even as fuel prices continued to slide, according to data released Friday by the Bureau of Labor Statistics. The Import Price Index rose 0.1 percent in April, following a 0.4 percent decline in March. Over the past year, import prices were up just 0.1 percent. But excluding fuel, prices for imported goods rose 0.4 percent in April and were up 1.2 percent from a year earlier, suggesting continued resilience in U.S. demand for foreign goods despite the implementation of new tariffs in early April. The Trump...

U.S. President Donald Trump on Thursday said he told Apple CEO Tim Cook that he doesn’t want the tech giant to build its products in India, taking shots at the company’s moves to diversify production away from China and urging him to pivot Stateside. “I had a little problem with Tim Cook yesterday,” Trump said. “I said to him, ‘my friend, I treated you very good. You’re coming here with $500 billion, but now I hear you’re building all over India.’ I don’t want you building in India.” Trump was referencing Apple’s commitment of a $500 billion investment in the...

Receipts from U.S. tariffs hit a record level in April as revenue from President Donald Trump’s trade war started kicking in. Customs duties totaled $16.3 billion for the month, some 86% above the $8.75 billion collected during March and more than double the $7.1 billion a year ago, the Treasury Department reported Monday. That brought the year-to-date total for the duties up to $63.3 billion and more than 18% ahead of the same period in 2024. Trump instituted 10% across-the-board tariffs on U.S. imports starting April 2, which came on top of other select duties he had leveled previously.

Looking forward to The Five this afternoon on FOX, and hoping Harold Ford is on. I wonder if he will eat his words concerning his take on the tariffs.

California Governor Gavin Newsom (D) reacted Monday evening to President Donald Trump’s proposed 100% tariff on movies made outside the U.S. by asking for a $7.5 billion tax credit for the industry instead. Trump made the tariff proposal Sunday as a way of shifting Hollywood production back to the U.S., after decades in which the industry sought to cut costs by filming in Canada or even as far away as South Africa. The president’s proposal drew applause from unions that represent “below the line” workers in the film industry, such as the Teamsters, which praised the president for taking American...

President Donald Trump announced on Sunday a 100% tariff on movies produced outside of the United States, saying the US movie industry was dying a “very fast death” due to the incentives that other countries were offering to draw American filmmakers. “This is a concerted effort by other Nations and, therefore, a National Security threat. It is, in addition to everything else, messaging and propaganda,” Trump said in a post on Truth Social. Trump said he was authorizing the relevant US government agencies such as the Department of Commerce to immediately begin the process of imposing a 100% tariff on...

In a move that could shake up the entertainment industry, President Trump says he’s directed his administration to put a “100% tariff” on any movies coming into the U.S. that were not produced in this country. He posted on his Truth Social platform on Sunday that he’s authorized the Department of Commerce and the United States Trade Representative to institute the tariff. “The Movie Industry in America is DYING a very fast death,” he wrote. “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...

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...

House Republicans are planning to include several of President Trump’s campaign promises in the first draft of the bill, which they hope to release soon.It was easy to miss, but last weekend President Trump floated a fundamental rewrite of the American tax code. In a social media post, and again in remarks to reporters, Mr. Trump suggested the United States could stop taxing income under $200,000 and instead rely on revenue from his extensive tariffs. “It’ll take a little while before we do that, but we’re going to be cutting taxes, and it’s possible we’ll do a complete tax cut,”...

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...

She’s cracking. Gov. Kathy Hochul sounded off Wednesday about the “outrageous” price of eggs — jokingly telling New Yorkers to make chocolate cake with applesauce instead. The unprompted recipe suggestion came as Hochul, during a news conference in Midtown, slammed President Trump’s tariffs for driving up prices on everything from avocados to children’s toys. “And I’m done talking about the price of eggs — just give up eating them,” she said, drawing laughter. “It’s just outrageous, outrageous.” “You can make a really good chocolate cake with applesauce,” she added. “I digress, it’s also vegan.”

I’m considering a purchase of a Van den Hul cartridge (XGW Colibri Stradivarius), having found a great price on them, what I can’t find is what the Tariff is going to be on this now as it’s coming out of Netherlands. Yes, I’ve posted on several audio boards - the TDS is BAD on those, every post degenerated into Trump bashing without resolution. Yes, I’ve dug into “our” very own US Customs site(s) and their databases are worse than the IRS’ tax code.. IF there is an easy way of determining this value, it’s beyond my google-fu. Thanks in advance.

A report that Amazon would display price increases due to tariffs on its goods — which the company has since denied — landed CEO Jeff Bezos a phone call from President Donald Trump on Tuesday, Breitbart News can confirm. CNN White House reporter Alayna Treene, citing two senior White House officials speaking anonymously, reported that Trump personally called Amazon’s founder to confront him about the report. A source familiar verified to Breitbart News that there was a call between Trump and Bezos in the morning. Punchbowl News first reported on Amazon’s alleged plan “to showcase how much tariffs were contributing...

The price of products Amazon Inc. displays in its online store may soon include the listed price and how much was added to the value due to President Donald Trump’s tariff impositions. Punchbowl News reported on Tuesday that, according to a source familiar with the matter, the e-commerce giant will start showing the figure added to the value because of the duties right alongside a product’s total price. The move is reportedly an effort by Amazon to inform customers cost rises have nothing to do with it and everything to do with the Trump White House. Response to the reported...

Stanford University Hoover Institution fellow Victor Davis Hanson recommends everyone “take a deep breath” when it comes to all the talk about tariffs. Appearing this week as a guest on Sirius XM’s “The Megyn Kelly Show,” the author and podcast host made several important points for Americans to consider as many in the media and Wall Street pundits predict calamity for the economy due to President Donald Trump’s trade policies. “There is a lot of misinformation,” Hanson said, first pointing out that many who are critical of Trump are only criticizing him because he is “Trump.” “Donald Trump did everything...