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The Japanese essentially did not want to face a 25% tariff on automobiles exported to the USA. At the same time, they did not want to permit full USA access to several sectors of their market. The solution is quite remarkable.Japan agrees to be the bank, to essentially finance any national security priority of President Trump to the tune of $55o billion. In return, Japan gets a 15% tariff on automobiles, and 10% return on the profit of the ¹business they finance in the U.S. Japan is essentially purchasing a lower tariff rate.PRESIDENT TRUMP – “We just completed a massive...

The U.S. steel industry is back under President Donald J. Trump. After languishing under a Biden-era stranglehold — plagued by unfair foreign competition, job losses, and weakened national security as imports flooded the market and domestic production stalled — the steel industry is quickly roaring back to life.U.S. steelmakers are proving that strong leadership and protective tariffs are the keys to revitalizing American manufacturing.Ohio-based Cleveland-Cliffs announced record steel shipments in Q2 2025. CEO Lourenco Goncalves: “Cliffs is a major supplier of steel to the automotive manufacturers, and the Trump Administration continues to show strong support to both the domestic steel...

We just completed a massive Deal with Japan, perhaps the largest Deal ever made. Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits. This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it. Perhaps most importantly, Japan will open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things. Japan will pay Reciprocal Tariffs to the United States of 15%. This is a very exciting time for the United States of America, and especially for...

U.S. President Donald Trump on Tuesday announced a new 19% tariff rate for goods from the Philippines after what he called a "beautiful visit" by Philippine President Ferdinand Marcos Jr. to the White House, saying U.S. goods would pay zero tariffs. "It was a beautiful visit, and we concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs. The Philippines will pay a 19% Tariff," Trump said, calling Marcos a "very good and tough negotiator." Trump said the two Pacific allies would also work together militarily but gave no details. Marcos, the...

President Donald Trump said Tuesday he and President Ferdinand Marcos Jr. of the Philippines have reached a trade agreement. Shortly after, he also revealed more detailed terms of an agreement with Indonesia. Both agreements call for 19% tariffs on goods the US imports from the two countries, paid by American businesses, while American goods shipped there won’t be charged a tariff. Trump’s announcement of the agreement with the Philippines came after he met with President Ferdinand Marcos Jr. at the White House on Tuesday. “It was a beautiful visit, and we concluded our Trade Deal,” Trump wrote on his social...

President Trump announced Tuesday that he had sealed a new trade deal with the Philippines after meeting with the island nation’s “tough” president, Ferdinand “Bongbong” Marcos Jr., at the White House. “It was a beautiful visit, and we concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs. The Philippines will pay a 19% Tariff,” Trump, 79, wrote on Truth Social. The US has struck economic agreements with only a handful of countries so far — including with the UK and China — but the administration is hoping to announce dozens more...

In a decisive move to protect American agriculture and restore fairness, the Trump Administration’s tariffs on fresh Mexican tomato imports are already boosting American farmers, growers, and business owners.Here’s what they’re saying:Chad Smith, Smith Tomato Farm (Steele, AL): “It’s only been two days now, and we actually have a lot more calls of people having interest in doing business — and the price hasn’t even changed.”Matt Rudd, Rudd Family Farm (Browns Summit, NC): “What you see in the grocery store now, instead of all those tomatoes from Mexico and everywhere else, it should be more local and United States-grown —...

Would you look at that? Trump's tariffs are having their intended impact for American businesses. At least for now. In Alabama, farmers are showing their gratitude for President Trump's tariffs which are making business boom in the produce world. It's only been two days now and we've actually had a lot more calls of people having interest in doing business and the price hasn't even changed. So, this leveling the playing field with international trade actually ... levels the playing field? A 17% tariff was all it took?? From NBC 13 in Birmingham: Many are concerned this will mean higher...

MASERU, Lesotho —Crowds of women, bundled up in wooly hats and mittens against the sharp winter chill, wait every morning at the gates of a garment factory in Lesotho's capital, hoping that a few among them will be called in to work a shift. But no-one comes out and the factory gates – which bear the name of the Taiwanese company that runs it in red Chinese lettering – remain firmly shut. It's one of the few factories in what used to be called "the Denim Capital of Africa" that's still operating after U.S. President Donald Trump announced in April...

CEOs and foreign leaders are scrambling to figure out new rules for global commerceMajor U.S. corporations and trading partners are scrambling to adapt to a new global economy, even as President Donald Trump mulls the imposition of historic tariffs in less than two weeks. Conagra Brands, owner of Hunt’s, Duncan Hines and Birds Eye, plans to raise prices on canned goods after “suffering a tremendous amount of inflation due to tariffs on tinplate steel,” its chief executive told investors this month. Tariffs are causing Fastenal, an industrial supplier, to split its imports into separate shipments to Canada and the United...

The big problem with writing an adulatory story about someone is when you have to leave out a highly important fact that would completely upend the very premise of your fable. Such was the case with Simon van Zuylen-Wood singing high praises for Canadian Prime Minister Mark Carney as somehow leading the resistance against President Donald Trump in his country. Mr. van Zuylen-Wood set the adoration scene of Carney early in his New York magazine story on Monday in "The Canadians Are Furious."

Since March, the son of the former Brazilian president Jair Bolsonaro has been roaming the halls of the White House. Eduardo Bolsonaro, 41, is a sitting Brazilian congressman, but his latest job has been to convince U.S. officials that a dangerous Brazilian Supreme Court justice wants to throw him and his father into prison, simply for fighting against what they claim was a stolen election. And in multiple visits to Washington over the past several months, he has found a sympathetic audience. “This is nothing more, or less, than an attack on a Political Opponent — Something I know much...

Police in Brazil swooped on the home and political headquarters of Jair Bolsonaro early Friday, searching the properties, ordering the former president to wear an electronic ankle tag, barring him from speaking to foreign officials or approaching embassies and prohibiting him from using social media. The restrictions, ordered by Brazil’s Supreme Court, were motivated by concerns that Bolsonaro would flee the country, amid his trial over an alleged plot to overturn the results of the 2022 presidential election to remain in power. Bolsonaro has denied wrongdoing. Federal police also accused Bolsonaro and his son, Eduardo, of conspiring with the US...

America is the biggest consumer market in the world. In 2024, Americans spent >$19 trillion on consumer goods. Over $4 trillion of this was on imports. This means, in nominal terms, that Americans bought more than just about any other country on earth produced. America is the world’s forum, the bazaar, the emporium, the supermarket—the shopping mall. And just like how the biggest store in town can pressure suppliers to cut costs, America’s buying power gives us leverage over prices—leverage that can be translated into profits via tariffs. Essentially, if foreign producers want to sell their goods to American consumers—which...

The University of Michigan's Survey of Consumers for July showed overall sentiment rose 1.8% from June to 61.8, exactly in line with the estimate and at the highest since February. On inflation, the outlook at both the one- and five-year horizons both tumbled, falling to their lowest levels since February. Consumers' worst fears about tariff-induced inflation have receded, though they are still wary of price increases to come, according to a University of Michigan survey Friday. The university's closely watched Survey of Consumers for July showed overall sentiment increased slightly, rising 1.8% from June to 61.8, exactly in line with...

While headlines chase shadows and social media churns with conspiracies about Jeffrey Epstein, something far more serious—yet underreported—is unfolding: America just ran a budget surplus in June.That’s right — the U.S. government, long buried under record-breaking deficits, posted a $27 billion surplus, the first for that month in eight years. And it wasn’t a fluke. It was driven largely by one policy move: tariffs.Back in April, critics warned that Donald Trump’s newly announced “Liberation Day” tariffs would tank the economy.Instead, those tariffs have proven to be a financial engine.Trump invoked the International Emergency Economic Powers Act (IEEPA) to declare a...

<p>MONTEROSI, Italy (Reuters) -Producers of Pecorino Romano cheese, one of Italy's best known food exports, are lobbying to be spared new U.S. tariffs that could raise consumer prices and take a chunk out of their export market.</p><p>Gianni Maoddi, president of the Consorzio di Tutela del Pecorino Romano, said the cheese has for more than 140 years been popular in the United States, which accounts for around 40% of annual exports.</p>

This morning I finalized an important Deal with the Republic of Indonesia after speaking with their Highly Respected President Prabowo Subianto. This landmark Deal opens up Indonesia’s ENTIRE MARKET to the United States for the first time in History. As part of the Agreement, Indonesia has committed to purchasing $15 Billion Dollars in U.S. Energy, $4.5 Billion Dollars in American Agricultural Products, and 50 Boeing Jets, many of them 777’s. For the first time ever, our Ranchers, Farmers, and Fishermen will have Complete and Total Access to the Indonesian Market of over 280 million people. In addition, Indonesia will pay...

The U.S. government posted a surplus in June as tariffs gave an extra bump to a sharp increase in receipts, the Treasury Department said Friday. With government red ink swelling throughout the year, last month saw a surplus of just over $27 billion, following a $316 billion deficit in May. That brought the fiscal year-to-date deficit to $1.34 trillion, up 5% from a year ago. However, with calendar adjustment, the deficit actually edged lower by 1%. There are three months left in the current fiscal year. A 13% increase in receipts from the same month a year ago helped bridge...

President Donald Trump on Monday confirmed that the U.S. has agreed to sell arms to NATO just moments after he said Russian President Vladimir Putin has 50 days to secure a peace deal with Ukraine or face "100%" tariffs. NATO Secretary-General Mark Rutte said Trump called him on Thursday to confirm he wanted to enter into a deal with NATO allies to sell them arms for aid to Ukraine. Trump said billions of dollars worth of U.S. arms would be purchased from allies like Germany, Finland and Denmark that will be "quickly distributed" to Ukraine. "This is really big," Rutte...