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For many years now, many Americans have been muttering under our breath, “Why do we buy so much from China?” Whether we’re at a clothing store, a computer superstore or a big box discounter, the question is the same as we see that label on the box. The same goes for us in the business world, as we find ourselves forced to buy parts, components, even finished goods made in China, because they just aren’t available anywhere else. Not in the USA, not in Mexico, often nowhere on earth except China. It’s unacceptable, but sometimes, we’re stuck. So we elected...

Crypto prices tumbled amid investor concerns over economic stability and escalating trade disputes. Bitcoin and Ethereum, the two major cryptocurrencies, crashed after United States President Donald Trump announced a 100% tariff on 'any and all critical software' import goods from China. The continuing trade tensions between the two countries were significantly heightened by this move. According to Reuters, Bitcoin had dropped 8.4% to £78,000 ($104,782) as of 21:20 GMT. Ethereum also had a 5.8% decline, settling at £2,700 ($3,637). XRP, DOGE and Ada fell around 19%, 27%, and 25% in the last 24 hours, respectively, Bloomberg reported.…..

President Trump announced Friday he will raise tariffs on China in response to a move from Beijing to tighten its control over certain critical minerals and rare earth elements. Trump announced on Truth Social that he would impose a tariff of 100 percent on Chinese goods beginning Nov. 1 or sooner. Those tariffs will supersede existing duties already in place on Chinese goods. The president said his administration would also place export controls “on any and all critical software.” “It is impossible to believe that China would have taken such an action, but they have, and the rest is History,”...

The Supreme Court will likely agree with lower courts that ruled President Donald Trump can’t use the International Emergency Economic Powers Act to impose broad tariffs, according experts surveyed by JPMorgan. Trade and legal experts said the odds that the high court will rule against the Trump administration are 70%-80% and expect a decision by the end of the year

Brick by brick, President Donald Trump is building a wall around the world’s largest economy. As America’s tariff barriers on everyone else have gone up, so has the drawbridge, making it harder for migrants to enter the country. The president wants to turn America into a fortress that keeps out foreign incursions. In fact, he is cutting America off from the very goods and talent that helped make its economy the envy of the world. Already the damage is starting to show; once wreaked, it will not easily be reversed. That is not how investors see it. In the six...

Washington — American farmers are having a tough year, in no small part because of President Donald Trump’s trade war. Now, the White House is gearing up to extend them a multi-billion-dollar bailout, sources tell CNN. Surging costs and foreign retaliation from tariffs have hurt the US agriculture industry — as have immigration-related labor shortages and plummeting commodity prices. Farm production expenses are estimated to reach $467.4 billion in 2025, according to the Agriculture Department, up $12 billion from last year. Farm bankruptcies rose in the first half of the year to the highest level since 2021, according to US...

The status quo is not going to cut it for Canadian Prime Minister Mark Carney at his Tuesday meeting with President Donald Trump in Washington. With an unemployment rate of 7.1%, the highest level in nine years and half a percentage point higher since the start of this year, Canada’s economy is faltering. Steep tariffs Trump slapped on cars, steel and aluminum — key Canadian exports to the United States — are making matters worse. And Carney’s meeting is happening just as Trump is prepared to deal another blow to the Canadian economy: tariffs on softwood and lumber, among the...

MARYVILLE, Tenn.—Tucked in the foothills of Tennessee’s Smoky Mountains is a factory that has figured out a way to manufacture in America that’s cheaper, quicker and better. It’s the home of a famous American writing implement: the Sharpie marker.Pen barrels whirl along automated assembly lines that rapidly fill them with ink. At least half a billion Sharpie markers are churned out here every year, each one made of six parts. Only the felt tip is imported, from Japan. [snip] Newell began moving some Sharpie production to China in the 2000s, part of the wave of outsourcing by U.S. companies looking...

Conservative law professor William Jacobson of Cornell University, publisher of the Legal Insurrection blog, appeared on the Jesse Kelly show this week and outlined an upcoming Supreme Court case for Trump that he describes as ‘very high stakes.’ The case has to do with the Trump tariffs, and depending on how the court rules, it could have a significant effect on Trump’s economic policy. Jacobson suggests that it could be a very close call. Transcript via Legal Insurrection: Kelly (00:05): The Supreme Court is about to begin another term. I don’t understand these terms. I don’t understand what they’re doing...

In light of Pfizer's (NYSE:PFE) announcement on Tuesday that it will offer its drugs at reduced prices to American consumers, President Trump is backing off his threat to impose 100% tariffs on imported pharmaceuticals to give other drugmakers timeto cut their own deals. A White House official told Politico that it is seeking deals with other large pharmas that would be similar to Pfizer's. On Tuesday, the president also announced the launch of TrumpRx , a direct-to-consumer website for consumers to find discounted drugs. The official alluded to comments made by Commerce Secretary Howard Lutnick during a press event announcing...

Companies could face probes into their compliance with the H-1B visa program as part of the Trump Administration’s effort to clamp down on the program and force companies to hire more Americans. The Department of Labor announced on Friday that it was launching Project Firewall, an “enforcement initiative” that will investigate employers for potential abuse of the H-1B visa process. The initiative may be the first time the federal government has sought to broadly enforce H-1B legal standards intended to protect both the H-1B employee and American workers, such as paying wages on par with other workers of similar qualifications...

Two of the US Senate’s most senior lawmakers are once again teaming up to overhaul America’s high-skilled H-1B and L-1 visa systems, saying companies have turned what was meant to be a tool for innovation into a loophole for outsourcing. Senate Judiciary Committee Chairman Chuck Grassley and Ranking Member Dick Durbin reintroduced the H-1B and L-1 Visa Reform Act. This latest push comes just weeks after US President Donald Trump signed a sweeping presidential proclamation on H-1B visa applications. Under the new order, companies are now required to pay a one-time fee of $100,000 (around Rs 88 lakh) on every...

President Trump on Monday night announced tariffs of 10% on softwood timber and lumber alongside a 25% tariff on "certain upholstered wooden products" due to take effect on Oct. 14, according to the White House. This was the latest set of tariffs to be announced impacting the furniture industry, after Trump posted last week about a flurry of tariffs on kitchen cabinets, vanities, and other upholstered products on that will take effect Oct. 1. Trump said the lumber tariffs will help "strengthen supply chains" and "bolster industrial resilience." Yet home builders have warned this could deter investments in new homes...

American President Donald Trump's decision to finally impose a massive 100% tariff — import duty or tax — on movies made outside the US comes as another major blow to India, which has been facing his wrath, with blips of bonhomie, for the past three months and more. -snip- The Indian diaspora in the US spends around $100 million a year to watch Telugu, Hindi, Tamil, Malayalam, Punjabi, Bengali and other Indian language movies released in the US country, according to the Producers Guild of India. Indians are about 1.6% of the total US population, with other South Asians also...

The Weekly Wrap: Trump Derangement Syndrome Visits The Supreme CourtWelcome back to Friday! This week the grand poobahs of the U.S. economy gathered together in a friend-of-the-court brief to let everyone know they still really do not like what Trump is up to. The prices of goods affected by tariffs fell in August, crushing the hopes of everyone at the Cato Institute. And Americans once again made it clear that they really, really don’t like Democrat economic schemes.Here’s this week’s pain-free roundup of the economic news—no Tylenol necessary.A Supremely Unpersuasive Amicus BriefEvery living former Federal Reserve chair, former Treasury secretaries...

Peter Navarro, senior counselor to President Donald Trump for trade and manufacturing, during a special Founders Roundtable on Breitbart Fight Club said that President Donald Trump has proven the country could use tariffs to reduce its trade deficit.“We run chronic trade deficits which exceed a trillion dollars a year. Now, we’ve exported $18 trillion of wealth so far through the chronic trade deficit, and we’ve seen a reduction in our resilience, in our supply chains, our availability. It’s hurt our defense industrial base. It’s a national emergency in every possible way that you could think,” Navarro said in response to...

President Donald Trump on Thursday announced sweeping tariffs on various household products, including imported kitchen cabinets and certain kinds of furniture – potentially adding even more costs to a category that has surged in price in recent months. Trump also announced heavy truck tariffs and pharmaceutical tariffs.“We will be imposing a 50% Tariff on all Kitchen Cabinets, Bathroom Vanities, and associated products, starting October 1st, 2025. Additionally, we will be charging a 30% Tariff on Upholstered Furniture,” Trump wrote in a Truth Social post Thursday evening. Various tariffs that Trump has imposed have already boosted furniture prices considerably over the...

President Donald Trump said Thursday that he will use tariff revenue to offer cash bailouts for farmers who are struggling with trade uncertainty and other economic headwinds. “We’re going to take some of that tariff money that we made, we’re going to give it to our farmers, who are, for a little while, going to be hurt until the tariffs kick into their benefit,” Trump told reporters in the Oval Office. “So we’re going to make sure that our farmers are in great shape, because we’re taking in a lot of money.” Trump officials expect that Congress will need to...

A mix of high borrowing costs, dwindling job openings and growing economic and political uncertainty have left many U.S. households at a standstill, with many Americans saying they feel unable to buy new homes, take new jobs or move to new cities. The Federal Reserve’s interest rate cut last week — the first of the year, with the expectation that more will follow — may have boosted stock prices, but it isn’t likely to make much of a difference to everyday Americans, economists say. While the economy is generally in good shape, many people feel stuck. “Consumers have been increasingly...

President Donald Trump on Friday rolled out a version of his administration’s long-promised gold card, a $1 million fast-track for wealthy foreigners to live and work in the United States. Commerce Secretary Howard Lutnick, in a call later with reporters, said the gold card will replace the current EB-1 and EB-2 visa programs for people who are of “exceptional value” to the United States. He said the administration expects to initially make 80,000 gold cards available but will continue to evaluate the model and could eventually phase out other visas.