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The Supreme Court has announced that it will release opinions Friday in one or more argued cases, heightening anticipation amongst legal observers. While the justices typically issue opinions at 10 a.m. ET, the exact lineup remains under wraps until the day of release. At the forefront of speculation is a landmark challenge to President Donald Trump's sweeping tariffs imposed under the International Emergency Economic Powers Act. The case, stemming from a lower court ruling that struck down the tariffs as unlawful, was argued before the justices on Nov. 5, 2025. A decision against the administration could unlock billions in potential...

In a vote that GOP leaders fought hard to avoid, a half dozen Republicans sent a blunt message to President Donald Trump that they do not support the tariff regime that he has made the centerpiece of his second term. Six Republicans joined with Democrats in a vote to effectively repeal the president’s tariffs on Canada, the culmination of months of consternation in the GOP over the president’s trade war that has quietly rattled even some of his staunchest loyalists in Congress. And it won’t be the last tough tariffs vote for Trump: Democrats have successfully unlocked a procedural power...

Think back to February 2020. If you were paying close attention, you might have noticed a few people talking about a virus spreading overseas. But most of us weren't paying close attention. The stock market was doing great, your kids were in school, you were going to restaurants and shaking hands and planning trips. If someone told you they were stockpiling toilet paper you would have thought they'd been spending too much time on a weird corner of the internet. Then, over the course of about three weeks, the entire world changed. Your office closed, your kids came home, and...

House Speaker Mike Johnson’s bid to block future votes on President Donald Trump’s tariffs failed Tuesday after an internal GOP revolt. Three Republican lawmakers, Thomas Massie of Kentucky, Kevin Kiley of California and Don Bacon of Nebraska, joined Democrats to defeat a key procedural measure 217-214. That gives Democrats the opportunity to force a vote as soon as this week on a resolution disapproving of the president’s 25 percent duties on Canadian goods. House Republican leadership spent most of Tuesday whipping votes after a small group of tariff-skeptic Republicans led by Massie and Kiley pushed back against the procedural maneuver,...

President Trump published an op-ed in the Wall Street Journal on Jan 30. You might have missed it in all the brouhaha. It’s not often a President writes an editorial explaining his economic policies in detail. And, one presumes that an effort like this is vetted by his economic team, so it provides an interesting insight in to their thinking as well. The Journal does not link to sources of numbers, and I won’t play the numbers game. I’m more interested in the economic logic of the essay. Three principles stand out: Correlation vs. causation, budget constraints and accounting identities,...

Deep in mid-winter blues and suffering through never-ending images of shrieking Karens, their soy-boys and the judges and elected officials obstructing the deportation of rapists, fraudsters, and run-of-the-mill 75 IQ illegals, I thought we could use a pick-me-up, a bit of cheerful news. Well, I've got it. The UN is facing bankruptcy. UN operations may cease by the end of February, and the last flabby, underworked UN bureaucrat could receive a final check, assuming it doesn't bounce, in July.The United Nations said on Friday that it was facing imminent financial collapse and would run out of money by July if...

The U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled and the impact of President Donald Trump’s tariffs worked their way through the economy, the Census Bureau reported Thursday. Following a month where the trade deficit hit its lowest level since early 2009, it shot up to $56.8 billion, an increase of 94.6% from October. Of that gain, about one-third came with the European Union, where the goods deficit rose by $8.2 billion. The goods deficit with China decreased by about $1 billion to $13.9 billion. On a year-over-year basis,...

U.S. President Donald Trump says Canadian goods exported to the United States would be hit with 100 percent tariffs if Canada makes a deal with China.“If Governor Carney thinks he is going to make Canada a ‘Drop Off Port’ for China to send goods and products into the United States, he is sorely mistaken. China will eat Canada alive, completely devour it, including the destruction of their businesses, social fabric, and general way of life,” Trump said in a post on Truth Social on the morning of Jan. 24.“If Canada makes a deal with China, it will immediately be hit...

President Trump on Saturday threatened to impose a 100% tariff on goods imported from Canada into the U.S. over Canada's new partnership with China. "If Governor Carney thinks he is going to make Canada a 'Drop Off Port' for China to send goods and products into the United States, he is sorely mistaken," he wrote on social media. "China will eat Canada alive, completely devour it, including the destruction of their businesses, social fabric, and general way of life," he wrote. Trump said a new tariff would kick in if Canada strikes a deal with China. "It will immediately be...

In an abrupt about-face on Wednesday, President Trump said he was calling off planned tariffs on European nations over his pursuit of Greenland. Trump cited the "framework of a future deal" reached with NATO Secretary General Mark Rutte."This solution, if consummated, will be a great one for the United States of America, and all NATO Nations. Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st," Trump wrote on Truth Social.

NATO Secretary-General Mark Rutte said on Jan. 21 that the issue of Greenland remaining part of Denmark did not come up during his meeting with U.S. President Donald Trump.Rutte, in an interview with Fox News, was asked about Greenland’s sovereignty under a proposed framework Trump mentioned earlier in the day at the World Economic Forum in Davos, Switzerland.“That issue did not come up anymore in my conversations,” Rutte said. “[Trump] is very much focused on what do we need to do to make sure that that huge Arctic region—where change is taking place at the moment, where the Chinese and...

China posted a jaw-dropping $1.2 trillion trade surplus in 2025—most of which came from the Global South, rather than the United States. Amid various other major events in global news—large-scale unrest in Iran, the stunning tactical raid directed against the Nicolas Maduro regime in Venezuela, and the ongoing spat between the United States and Denmark (and other European nations) over Greenland—one item has gone virtually unnoticed. China, the world’s second-largest economy, reported a $1.189 trillion trade surplus for 2025—meaning that the total value of its exports for the year exceeded its imports by that amount.

President Donald Trump’s climbdown on Greenland capped one of the most erratic episodes involving a modern president on the world stage. Within hours Wednesday, Trump flipped from demanding “right, title, and ownership” of the semiautonomous Danish territory to celebrating an “infinite,” “forever” framework deal over its future. Outside the right-wing bubble, Trump is being mocked for another “TACO” (“Trump always chickens out”) moment after dropping the threat of tariffs on European nations until they agreed to give him Greenland. Just as with his “Liberation Day” tariffs, the president may have been spooked by the result of his own actions.

Treasury Secretary Scott Bessent on Sunday said it’s “very unlikely” that the Supreme Court will overturn President Donald Trump’s use of emergency powers to impose tariffs, with a potential decision from the court looming as early as this week. “I believe that it is very unlikely that the Supreme Court will overrule a president’s signature economic policy,” Bessent said on NBC’s “Meet the Press.” “They did not overrule Obamacare, I believe that the Supreme Court does not want to create chaos.” In June, the Supreme Court upheld a key Affordable Care Act provision that set up a panel to recommend...

BERLIN (AP) — The eight European countries targeted by U.S. President Donald Trump for a 10% tariff for opposing American control of Greenland blasted the move Sunday, warning that his threats “undermine transatlantic relations and risk a dangerous downward spiral.”The joint statement by some of America’s closest allies signaled a possible turning point in the recent tensions over sovereignty and security nearly 24 hours after Trump’s threat.It was also the most forceful rebuke of Trump from the European allies since he returned to the White House almost a year ago. In recent months, Europeans have mostly opted for diplomacy and...

The treasury secretary's comments come a day after President Donald Trump unveiled new tariffs against eight European nations who oppose Washington’s efforts to acquire Greenland.The Trump administration is intensifying its push to acquire Greenland, citing national security concerns as China and Russia expand their presence in the Arctic.Speaking Sunday on NBC News' "Meet the Press," Treasury Secretary Scott Bessent argued that the U.S. must move to acquire Greenland — which is part of the Kingdom of Denmark — because Europe is too weak to protect it from potential threats.IN CASE YOU MISSED IT | 'Fundamental disagreement': Danish official cites ongoing...

SNIP While many European leaders are still hoping they might be able to talk things out, discussions have essentially been futile so far. Europe has been hesitant to retaliate against the United States, in part because it relies on America for military technologies and support for NATO. But Brando Benifei, a member of the European Parliament and the chair of its delegation for U.S. relations, said that calculus may be shifting, in part because popular opinion in Europe has turned more critical of the U.S. “A lot of people are saying that we are clearly over a red line,” he...

Summary EU ambassadors will hold an emergency meeting later after Donald Trump threatened to impose tariffs on allies who are against his proposed takeover of Greenland Trump says he plans to raise import taxes on goods from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands and Finland A 10% tariff would apply from 1 February, and could later rise to 25%, the US president says UK PM Keir Starmer says Trump's threat is "completely wrong", while French President Emmanuel Macron calls it "unacceptable" Denmark's Foreign Minister Lars Lokke Rasmussen says the threat has "come as a surprise" as Danish...

Keir Starmer has said Donald Trump’s decision to impose 10% tariffs on the UK and seven other European countries over Greenland was “completely wrong”. The US president said the levies would apply from 1 February to Nato members – including the UK, France and Germany – who have deployed troops to the territory in response to growing uncertainty over its future. Trump said the tariffs would rise to 25% on 1 June if a deal to buy Greenland had not been reached. In a Truth Social post, Trump said: “Denmark, Norway, Sweden, France, Germany, The United Kingdom, the Netherlands, and...

As part of his strategy for isolating the radical mullah-ruled government of Iran in the world community, President Trump has announced plans to issue a 25% tariff against all countries that continue to do business with the current Iranian regime. This is a counterproductive approach for three reasons. First, and most immediately, this kind of threat hurts the Administration’s case in defending its program of IEEPA tariffs, the country-by-country process of negotiating trade deals based on the “reciprocal tariff” approach that the President came up with in 2025. As revolutionary and unanticipated as that idea was, it has produced a...