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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...

BEIJING -- Canada has reached a deal with Beijing on Friday to slash tariffs on a set number of Chinese electric vehicles in exchange for China dropping duties on agriculture products, Prime Minister Mark Carney said as he concluded a highly-anticipated trip to China. The deal marks a de-escalation in tensions with a country the Liberal government had, in recent years, branded as a disruptive power, and is getting mixed reactions in Canada. Ontario Premier Doug Ford and some auto industry groups are slamming the plan as a threat to the country’s auto industry, but Saskatchewan Premier Scott Moe, who...

President Trump declared Monday that the US would be “screwed” if the Supreme Court rules against his reciprocal tariff policies — arguing the feds would have to “pay back” billions in revenue collected over the past year. “[I]f the Supreme Court rules against the United States of America on this National Security bonanza, WE’RE SCREWED!” Trump wrote on Truth Social. “The actual numbers that we would have to pay back if, for any reason, the Supreme Court were to rule against the United States of America on Tariffs, would be many Hundreds of Billions of Dollars,” he wrote. “[A]nd that...

SUPPORTING AMERICA’S LUMBER INDUSTRY: Today, President Donald J. Trump signed a Proclamation invoking Section 232 of the Trade Expansion Act of 1962 (Act) to delay increases in tariffs for upholstered furniture, kitchen cabinets, and vanities for another year.The United States continues to engage in productive negotiations with trade partners to address trade reciprocity and national security concerns with respect to imports of wood products. The United States will therefore delay the increase in tariff rates for upholstered furniture, kitchen cabinets, and vanities that was set to take place on January 1, 2026, under the September 29, 2025 Proclamation for an...

Democratic Sen. Elizabeth Warren of Massachusetts said that President Donald Trump called her on Monday following a speech in which she sharply criticized his record on costs and governance. "In my remarks, I made it clear that despite promising to lower costs On Day One, Trump has done nothing but raise costs for families," she said in the statement. She said Trump called her after her remarks at the event on Monday. "I told him that Congress can pass legislation to cap credit card rates if he will actually fight for it. I also urged him to get House Republicans...

“We’re going to allow, it’s very important, 600,000 students,” Trump told reporters. “We’re going to get along with China. But it’s a different relationship that we have now with China.” There are currently 270,000 Chinese students studying in the United States, according to the Los Angeles Times. Back in May, Secretary of State Marco Rubio announced that the Trump administration would begin to "aggressively revoke" the visas of Chinese students.

The Supreme Court is expected to issue opinions this morning at 10:00 a.m. There is some speculation that the tariff opinion will be issued but that isn't a sure thing.Scotusblog will be liveblogging the opinion release and we will be following along.Here is the link to the pending cases for this term. Pending cases Of note from the oldest heard cases (the October sitting), are:The conversion therapy case, Chiles v Salazar Issue(s): Whether a law that censors certain conversations between counselors and their clients based on the viewpoints expressed regulates conduct or violates the free speech clause of the First...

In an August 1 interview with Fox News, Peter Navarro, Director of President Trump’s Office of Trade and Manufacturing, argued that President Trump should get the Nobel Prize in Economics:AdvertisementBasically, President Trump has taught an economic lesson to the world. In real time, in the real world, he’s taught that the biggest country and biggest market in the world can impose tariffs in order to address blatant cheating and do it in a way which increases the growth of the United States without inducing inflation… I never read that in the textbooks when I was getting my PhD in economics,...

President Trump championed his import tariffs Saturday as an economic game changer — while predicting the upcoming midterm elections will hinge on “pricing.” The tariffs have brought in more than $200 billion this year, according to the Customs and Border Protection agency, but face the potential of being struck down by the Supreme Court. “Tariffs are creating GREAT WEALTH, and unprecedented National Security for the USA. Trade deficit has been cut by 60%, totally unheard of. 4.3% GDP, and going way up. No inflation!!! We are respected as a Country again,” Trump wrote Saturday morning on Truth Social. Trump has...

President Donald J. Trump took office on a promise to defeat inflation and bring down costs — and 11 months later, he has made substantial progress in reversing the inflation and cost-of-living disaster he inherited. Inflation has been cut by more than half, gas prices have fallen sharply, real wages are growing again, and key household expenses are finally heading in the right direction.President Trump tamed Biden’s inflation crisis — and is working to bring it down further.Democrats caused it. Under Biden, inflation averaged nearly 5% and hit 9.1% amid the worst inflation crisis in decades — fueled by the...

Police, who held a line at the very gate of the European Parliament in Brussels, Belgium on Thursday were pelted with potatoes by angry farmers worried a new free trade deal will see their livelihoods and industry destroyed. A government-authorized protest for 50 tractors in Brussels turned into a demonstration with “around 1,000” tractors present and over 7,000 farmers on Thursday. While the protest largely passed off without incident, there were clashes at the European Parliament building, where farmers threw potatoes and eggs and received tear gas and water cannon in return. […] The farmers are protesting the forthcoming EU-Mercosur...

Inflation is only at 2.6% year-over-year. This means that nearly 100% of the cost of tariffs has been eaten by the foreign manufacturers and importers. Which is exactly what I’ve been arguing would happen. Let me explain what is happening: The notion that tariffs would be passed onto customers has always been laughable on its face, once you understand that manufacturing is only 20% to 40% of the price of an item for sale. The rest includes advertising, warehousing, transportation and sales markup. (Importers have high transportation costs to get the product to America, but that’s all part of replacing...

During President Trump's first term, the economy was a relative strength of his. During the 2024 presidential campaign, his promises to lower prices in a country grappling with post-COVID inflation propelled him back into office. But toward the end of his first year in office this term, just 36% of Americans approve of his handling of the economy, according to the latest NPR/PBS News/Marist poll. It's his worst mark in the six years that Marist has been asking the question. The only time in that span that Americans had a similarly negative view of a president's handling of the economy...