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Keyword: tariffsarenttaxes

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  • Trump rolls back tariffs on dozens of food products

    11/14/2025 8:19:59 PM PST · by lasereye · 64 replies
    BBC ^ | Nov. 14, 2025 | Danielle Kaye and Nardine Saad
    US President Donald Trump has signed an executive order allowing a range of food products, including coffee, bananas and beef, to escape his sweeping tariffs. The move comes as his administration faces mounting pressure over rising prices. While Trump previously downplayed concerns about the cost of living, he has focused on the issue since his Republican Party's poor performance in last week's elections. The dozens of products included on the White House's list of exemptions range from avocados and tomatoes to coconuts and mangoes. These goods, the Trump administration said on Friday, cannot be produced in sufficient quantities domestically. Trump...
  • Trump touts affordability while inflation rages across America on everything from food to furniture to cars

    11/06/2025 8:07:51 PM PST · by Miami Rebel · 73 replies
    New York Post ^ | November 6, 2025 | Taylor Herzlich
    With a social-media post that said “STOP LYIN” about there being an affordability crisis, President Trump claims he’s whipped inflation. But consumers are still feeling the squeeze. Target’s prices are up 5.5% nationwide this year and Walmart’s are up 5.3%, according to an analysis by DataWeave, which looked at roughly 16,000 items across each retailer’s website. Amazon’s price hikes have averaged more than 12%, according to a report. After seven months under Trump’s tariffs, Americans are paying more for nearly everything — from a cup of joe and plush living room sofas to children’s toys. Inflation for food has been...
  • Trump administration faced deeply skeptical Supreme Court in tariff arguments

    11/05/2025 8:52:52 PM PST · by SeekAndFind · 56 replies
    CNN ^ | 11/05/2025 | John Fritze, Elisabeth Buchwald, Devan Cole and Holmes Lybrand
    In the most significant economic case to reach the Supreme Court in years, Trump’s authority to issue emergency tariffs faced deep skepticism from key conservatives — including Chief Justice John Roberts and Justices Amy Coney Barrett, Neil Gorsuch and Brett Kavanaugh. • While justices had tough questions for both sides, a majority expressed reservations about the administration relying on declared emergencies to issue the unchecked tariffs. • As plaintiffs presented their case, Kavanaugh repeatedly noted that courts had previously allowed then-President Richard Nixon to use similar emergency powers to impose tariffs during his administration. • Both sides previously framed the...
  • President Trump: Tariffs Will Lead to Income Tax Relief, Even Elimination

    04/27/2025 6:29:43 PM PDT · by Macho MAGA Man · 51 replies
    Breitbart ^ | April 27, 2025 | Lowell Cauffiel
    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!!!