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CNN senior political commentator and former Obama adviser David Axelrod said Monday on “Anderson Cooper 360” that President Donald Trump’s tariffs were the “beginning of the end” of the Trump presidency. Axelrod said, “The thing that people most voted for Donald Trump to do was to reduce costs. These tariffs are going to raise costs, and automobiles are a big component of that. So he it’s not surprising to me that he has to bail out of this one.”

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...

President Donald J. Trump’s decisive trade policies are igniting a resurgence in American manufacturing — earning fervent support from family-owned businesses and others nationwide who have suffered from decades of unfair trade practices. From steel forges to moldmakers, their voices echo a powerful truth: these policies aren’t just protecting jobs — they’re reviving the heart of American industry.Here’s what they’re saying:Walker Forge, a third-generation family-owned business in Clintonville, Wisconsin, manufactures forgings out of steel for a variety of industries, including the defense industry.Will Walker (President): “This is the first time in generations that we have a President who puts American...

President Trump has entered office at full throttle. He has been enacting significant parts of his trade policies much faster than most previous presidents. One of his stated goals is to stop unfair trade practices against the United States. Part of that effort has been the widespread use of tariffs to bring other countries to the bargaining table.Ammunition supplies inside the United States have been fairly stable for many months. Prices have been steady or dropping. The shortages associated with the Obama years were not duplicated during the Biden years, although future importation permits for Russian ammunition were blocked by...

Canada has one of the most protectionist economies among developed nations. It particularly targets American farmers, media, and manufacturers. That may be why Donald Trump launched his counterattack on trade offenders with a 25% tariff on many imports from Canada and Mexico, and 10% on Canadian energy.Unhelpfully, Trump claimed authority to do so under the International Emergency Economic Powers Act because of an “extraordinary threat” posed by “unchecked drug trafficking.” The White House failed to explain how this applied to Canada. And, while his goals are entirely correct, his April 2 “Liberation Day” global strike, imposing 10% baseline tariffs on...

President Donald Trump said Sunday that his tariff policy will substantially reduce, even completely eliminate, income taxes for some American workers. “When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe even completely eliminated,” Trump wrote in a 6:06 a.m. post on Truth Social. “Focus will be on people making less than $200,000 a year.” Trump continued, “Also, massive numbers of jobs are already being created, with new plants and factories currently being built or planned. It will be a BONANZA FOR AMERICA!!! THE EXTERNAL REVENUE SERVICE IS HAPPENING!!!

The buck stops with them. North America’s second-largest supermarket chain is warning its suppliers that it won’t allow price hikes due to President Trump’s tariff spree. Albertsons, which operates over 2,200 grocery stores — including Balducci’s, Kings and Acme in the New York area, blasted out a missive to its suppliers late last month, explaining that suppliers must get authorization for significant price hikes. “With few exceptions, we are not accepting cost increases due to tariffs,” stated the letter, first uncovered by American Economic Liberties Project researcher Matt Stoller.

Xi Jinping's regime simply cannot admit it is not able to stand up to Washington.[O]n April 24 about a dozen Chinese officials, including a "high-ranking official from the Chinese Ministry of Finance," were seen entering the U.S. Treasury's main building in Washington at 7:00 in the morning as Chinese security officials attempted to prevent photographers from recording the entry."In fact, the tariff waivers underscore that not only does Beijing need access to the American market far more than Americans need the China market but also that the United States makes vital products that simply aren't Made in China, and won't...

Albertsons, America's second-largest grocery chain, is reportedly informing suppliers that will be affected by the new Trump administration tariffs that it's not the company's problem, according to a recent letter:Albertsons, which owns 2,200 grocery stores across the U.S., sent a letter to suppliers in late March spelling out how it would deal with price hikes. “With few exceptions, we are not accepting cost increases due to tariffs,” the letter read (emphasis in the original). The letter laid out the grocer's reason for the policy was "maintaining the value propositions our customers expect.” In other words, to keep grocery prices low...

China's foreign minister has hit out at the "extreme selfishness" of tariffs, hinting at the steep levies imposed on Beijing by US President Donald Trump. "Certain countries" resort to "pressure and coercion, and trigger unjustified trade wars ... This extreme selfishness only harms their credibility", top diplomat Wang Yi told his Uzbek counterpart Bakhtiyor Saidov, according to a ministry statement released on Saturday (Apr 26). This will "only undermine their credibility", added Wang, who was speaking on Friday on the sidelines of a foreign ministers' meeting in Almaty, Kazakhstan. The foreign minister also said that Beijing would seek solidarity with...

President Donald Trump's approval rating has dropped to 40 percent, lower than all other presidents at this point in their terms, new polling released by Pew Research Center on Wednesday shows. Americans want Trump to govern less by executive order, listen to the courts, and don't like tariffs. Trump is losing ground with people on the fence. From February to April, his approval rating fell from 88 percent to 75 percent among people who supported him in the 2024 election but "not strongly," and from 44 percent to 31 percent among nonvoters. Of course, partisans will be partisans, and Trump...

Jefferson, who had always advised minimal government interference, contradicted his own principles by putting in place this law, which gave him extraordinary and unprecedented power over all American trade. The Embargo Act was an embargo declared by the USA, under President Jefferson, against Britain and France, the prime combatants in the Napoleonic Wars... the U.S. declared their neutrality in the faraway war, seeking to keep its trade links with European countries unharmed. However, wartime circumstances meant that both Britain and France did their best to hamper the sources of revenue of the other faction.... The worst incident in a series...

The bottom line is Jerome Powell has screwed up. No, that’s not from President Trump. That comes from legendary investor Louis Navellier.In yesterday’s Special Market Podcast in Growth Investor, Louis weighed in on President Trump’s attacks on Federal Reserve Chairman Jerome Powell:The latest criticism is, President Trump wants to get rid of Jerome Powell. Ok, well, unfortunately, I have to agree with him because Powell is fighting a mythical inflation that hasn’t occurred yet.We’re not going to have more tariffs other than the Chinese tariffs because everybody is caving. Everybody is meeting with the administration; everybody is dropping their barriers....

China has quietly exempted from tariffs some semiconductors made in the United States, in an attempt to protect its leading technology companies from a bitter trade showdown with President Donald Trump.Levies on at least eight classifications of U.S.-made microchips have been dropped to zero, instead of the 125 percent retaliatory tariff rate Beijing has imposed on all other U.S. goods, Caijing, a Chinese financial media outlet, reported Friday.The article was later deleted. But two importers who spoke to The Washington Post confirmed that certain semiconductors are now exempted from tariffs. One company in Shenzhen listed the exemptions on social media...

China claims the President Trump started the trade war against China by imposing his reciprocal tariffs: This is a complete lie. China has been waging a full-scale trade war against America for decades—President Trump just happens to be the first President to stand up to China—and they don’t like it. Case in point: China steals anywhere between $225 and $600 BILLION of American technology and intellectual property every year. Depending on the range of the estimate, this is roughly equal to—perhaps double—the value of the trade deficit in goods, which stood at $295 billion in 2024.

During an interview with WVON on Thursday, Chicago Mayor Brandon Johnson said “the fluctuations of the market and Trump’s tariffs” have resulted in massive losses to the city “just because of the uncertainty and the chaos.” And also stated that he wants to raise taxes by imposing a financial transaction tax and expressed openness to a corporate head tax and stated that those things, along with lots of other ideas, would put “the burden on the very people that Donald Trump is trying to protect.” While discussing the city’s budget, [relevant remarks begin around 5:35] Johnson said that the budget...

China just scrapped 12,000 metric tons of pork orders from the US — the largest cancellation since 2020. That single move dragged US pork export sales to their lowest level in over six months. Lean hog futures immediately took a hit in Chicago, sliding as much as 1.6% before recovering slightly. Behind the scenes, it's not just about pork — it's about tariffs, trade power plays, and a shifting global protein map that could catch some investors off guard. The sharp pullback from China isn't random. It's a direct response to longstanding US tariffs — some dating back to Trump-era...

The vibe around President Trump’s second term has shifted, and it’s all his doing. The president entered office with a bit of a wind at his back. His polling was better than the first time around, protesters weren’t in the streets, and federal investigators weren’t after him. The GOP was more united than in 2016 and business leaders wanted to work with him, while the culture was generally heading in an anti-woke direction. Now, though, his polling is in a marked decline. His job approval rating is sliding. Depending on what poll you believe, it’s down to 44 percent (Fox...

Canada is in the midst of a national election that will determine the future of Canada and of the Canadian-American alliance. At this critical juncture, it’s essential that the United States and President Trump secure the best tariff deal with Canada. This will maximize U.S. leverage in tariff negotiations and will provide Canadians critical information about how to end tariffs on their country. While the election in Canada is next Monday, April 28, well over 7 million Canadians have already voted early, with an estimated 10–11 million Canadians yet to vote. It is essential that Canadian voters be informed which...

Fox Business senior correspondent Charles Gasparino reported on Thursday that President Donald Trump’s administration is giving insider information to Wall Street executives about ongoing trade deals. Citing “senior Wall Street execs with ties to the White House,” Gasparino wrote on X that people within Trump’s administration have alerted business leaders about an “agreement in principle with India.” He further reported that the deal could be used as a template for other trade deals the administration is working on with Japan and other countries. Markets have taken sharp hits amid uncertainty surrounding Trump’s tariffs and trade deals. “People inside the Trump...