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Reagan-era economist Art Laffer recently appeared on the FOX Business Network and praised Trump’s tariff plan. Laffer broke it down, even including what he sees as the apparent exit plan, describing it as a ‘win-win strategy.’Laffer’s view is quite a change from the hair-on-fire approach to this topic embraced by the vast majority of the media. He even suggests that this will be better for other countries in the long run.Of course, the biggest beneficiary will be the United States.From the FOX Business Network:Economist says Trump’s tariffs are a ‘win-win strategy’ to negotiate trade dealsFormer Reagan economic advisor Art Laffer...

Benny Johnson @bennyjohnson 🚨BREAKING: President Trump announces MASSIVE tariffs are coming VERY shortly on pharmaceuticals. THIS is what I voted for: "We're gonna tariff our pharmaceuticals ... we're going to be announcing very shortly a major tariff on pharmaceuticals." From Aaron Rupar 8:00 PM · Apr 8, 2025

Todd Brayman is no longer buying his favourite red wine, which is from California. A veteran of the Canadian Armed Forces, he is one of a growing number of people in Canada, Europe, and other parts of the world, who are avoiding buying US products due to President Trump's tariffs and treatment of US allies. "I have in my life served alongside American forces. It is just profoundly upsetting and disappointing to see where we are given the historical ties that our two countries have," says Mr Brayman, who lives in Nova Scotia. "But I think right now it's time...

Senators on both sides of the aisle pressed U.S. Trade Representative Jamieson Greer on Tuesday in the wake of President Trump’s sweeping tariff actions. Democrats leaped at the opportunity to pounce on Greer during his testimony before the Senate Finance Committee on Tuesday morning amid blowback over the latest tariffs, but Republicans also shared concerns from constituents “First of all, I think there’s agreement that we recognize that America has been very generous in opening up our markets, our trading partners have taken advantage of us,” Sen. Ron Johnson (R-Wisc.), a hardline conservative, said during the hearing. “We don’t have...

National Economic Council Director Kevin Hassett appeared on Fox News to discuss the first week impact from President Trump’s global trade reset and implementation of reciprocal tariffs. Director Kevin Hassett notes that so many countries are calling and requesting to renegotiate their trade agreements, the National Economic Council is having difficulty keeping up with appointment scheduling and establishing a prioritization list for President Trump to review. That said, Hassett notes that Japan and South Korea will likely be the first two nations for U.S. Trade Representative Jamieson Greer and President Trump to engage with. Apparently, Xi Jinping (China) and Ursula...

If it reached his desk, President Donald Trump would veto a Senate bill that seeks to limit his authority to unilaterally impose tariffs, Axios reported Monday.The legislation would require the president to notify Congress of impending tariffs within 48 hours of their being imposed, while also mandating that such tariffs receive congressional approval within 60 days. Under the terms of the bill, Congress would also be allowed to withdraw any tariff at any time."If passed, this bill would dangerously hamper the President's authority and duty to determine our foreign policy and protect our national security," a White House statement of...

President Donald Trump isn’t playing games with Communist China anymore.Trump has unleashed a crushing 104% tariff on Communist China, effective immediately.According to Fox Business, White House Press Secretary Karoline Leavitt dropped the bombshell earlier today, confirming that the tariffs kicked in at noon ET. Why? Because China’s commie overlords refused to back down from their own retaliatory duties on American goods.According to FOX Business Network’s Edward Lawrence, the White House made the move swiftly and decisively.“White House Press Secretary Karoline Leavitt says 104% additional tariffs went into effect at noon eastern time because China has not removed its retaliation,” Lawrence...

After previously saying her number one concern about President Trump’s tariff program was Beijing dumping all their excess products into the EU at a discount, EU Commission President Ursula von der Leyen announces she is coordinating the tariff response with China.Apparently, the EU recognizes the ideological alignment of support from Canada just isn’t going to be enough to pressure President Trump and retain leverage into the U.S. market. This is quite a remarkable admission from von der Leyen all things considered. [STATEMENT]President von der Leyen held today a phone call with Premier Li Qiang to discuss the state of EU-China...

"In 1996, Rep. Nancy Pelosi (D-CA) criticzed the current policies toward China and U.S. jobs"

Treasury Secretary Scott Bessent said Tuesday the U.S. holds a substantial advantage over China as the two nations exchange threats in a burgeoning trade war. “I think it was a big mistake, this Chinese escalation, because they’re playing with a pair of twos,” Bessent said during an interview on CNBC’s “Squawk Box.” “What do we lose by the Chinese raising tariffs on us? We export one-fifth to them of what they export to us, so that is a losing hand for them.” The comments come a day ahead of the U.S. raising its duties on China and dozens of other...

Billionaire Elon Musk escalated his attacks against White House trade adviser Peter Navarro on Tuesday, calling him a “moron” who’s “dumber than a sack of bricks.” Musk, 53, responded Tuesday to the trade adviser’s suggestion on CNBC’s “Squawk Box” Monday that the Tesla boss was “not a car manufacturer” but “a car assembler,” pointing to the electric vehicle company’s importing of batteries and other key components to manufacture its cars. “Navarro is truly a moron. What he says here is demonstrably false,” Musk wrote on X, adding in a subsequent post in which he tagged the “Re—d Finder”: “Tesla has...

Nintendo is facing criticism over the high price tag of its upcoming Switch 2 console, which is set to launch at $450 in the U.S. Despite leftists eager to blame Donald Trump’s tariffs for the console’s high price, Nintendo of America’s top boss has now said that tariffs had nothing to do with the hotly-anticipated gaming machine’s price. TechSpot reports that Nintendo has found itself in the midst of a controversy surrounding the pricing of its highly anticipated Switch 2 console. The Japanese gaming giant recently announced that the Switch 2 will launch at a price point of $450 in...

Wedbush Securities analyst Dan Ives slashed his price targets for Apple and Tesla over the weekend as President Trump’s tariffs threaten to disrupt both businesses. “The tariff economic Armageddon unleashed by Trump is a complete disaster for Apple given its massive China production exposure,” Ives said in a warning note over the weekend. “In our view, no U.S. tech company is more negatively impacted by these tariffs than Apple with 90% of iPhones produced and assembled in China.” Wedbush cut its price target for Apple stock by $75, down to $250 per share. Apple’s shares are down this afternoon by...

Chinese officials reacted negatively to a comment from Vice President JD Vance on Tuesday after he described the Chinese economy as fueled by 'peasants.' Vance took a shot at the status quo of the global economy last week, lamenting in an interview on Fox and Friends that, 'we borrow money from Chinese peasants to buy the things those Chinese peasants manufacture.' 'What has the globalist economy gotten the United States of America? And the answer is, fundamentally, it’s based on two principles – incurring a huge amount of debt to buy things that other countries make for us,” Vance said....

Billionaire Republican megadonor and Home Depot founder Ken Langone has ripped the Trump administration’s sweeping tariffs as “bulls–t” — claiming the president has been ill-advised amid the raging trade war. “I don’t understand the Goddamn formula,” Langone, a veteran GOP campaign donor, told the Financial Times on Monday. “I believe he’s been poorly advised by his advisers about this trade situation — and the formula they’re applying.”

The supply of many foreign-made goods into the US is likely to grind to a halt as a result of President Trump’s tariffs, sources told The Post Monday. A baseline tariff of 10% was applied to many countries Saturday, with heftier percentages applied to the “worst offenders,” which levy high tariffs on US goods they import, in two days. Companies producing everything from toys to luxury wristwatches said they are holding off shipping goods — risking America going from the land of plenty to the land of plenty unavailable. The first luxury items to leave circulation: Jaguar, Range Rover and...

Last Wednesday, standing at a podium in the White House Rose Garden, the president of the United States threw the world’s economy into turmoil. Having declared that America’s trade deficit represented a bona fide “emergency,” President Trump revealed a completely rewritten federal tariff regime. The result of these alterations was an increase in protectionist barriers that exceeded even the infamous Smoot-Hawley law in its scope. For two days, the stock market responded to this move by diving sharply downward. Monday morning, after a false report that the president was planning to endorse a 90-day pause in implementation, there was a...

A key Treasury auction this week could test one of the central planks of President Donald Trump's tariff strategy as markets reel amid the largest swings in Treasury yields in more than two decades. President Trump has insisted that his tariff plans, which will impose sweeping levies on goods imported from virtually every nation in the world, paid for by American companies and consumers, will ultimately benefit the domestic economy with lower interest rates even they slow growth and stoke inflation along the way. The Federal Reserve, meanwhile, wants to see more evidence of their impact on the world's biggest...

MAGA ally Ben Shapiro has stunningly turned on President Trump and urged him to listen to Elon Musk's criticism of his tariff policy. Shapiro, a long-time supporter of the president, smashed the illusion that tariffs are a good business deal for Americans to smithereens, with a startling insight on Monday: 'Musk is right. Musk happens to be 100 percent right about this.' The Tesla CEO has been in lockstep with the president on key voter issues since he returned to the White House, but came out swinging against tariffs and exposed a feud with the key advisor who helped bring...

As President Trump rolls out his economic program, there’s one question I haven’t seen asked much: What if it works? Trump’s supporters are rooting for its success. His opponents, out of a mixture of envy and self-interest, hope it craters. But what would actually happen if Trump achieves his aims? The White House hasn’t released a single integrated document spelling out its economic plan. But based on the moves made so far, and comments from Trump’s top economic aides, the outlines of his goals are coming clear. First, he’s looking to increase wages for working-class Americans, the core basis —...