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President Donald Trump will sign an executive order on Tuesday making official his vow to double tariffs on steel and aluminum, White House spokeswoman Karoline Leavitt told reporters in a briefing.Trump on Friday announced that he would increase tariffs on the two metals from 25% to 50%. On Monday, U.S. steel and aluminum prices jumped while shares of foreign steelmakers fell.

Rhode Island was the first colony to foreswear allegiance to Great Britain on May 4, 1776, two months before the Declaration of Independence. It was also the only state not to send delegates to the Constitutional Convention in Philadelphia in 1787, fearing that a strong federal government, empowered to tax, would suppress smuggling. And it was the last state to ratify the Constitution on May 29, 1790, more than a year after the federal government had come into existence. It did so then only under the threat of having its exports taxed as if from a foreign nation.

George Washington University law professor Jonathan Turley said Thursday on “The Ingraham Angle” that President Donald Trump has the authority to hit other countries with reciprocal tariffs. A three-judge panel on the New York-based Court of International Trade ruled Wednesday that the president could not use his executive powers to impose reciprocal tariffs on imports. While discussing the ruling, Fox host Laura Ingraham told Turley that the tariffs could “withstand judicial scrutiny,” as previous tariffs from Trump’s first administration were upheld after being dragged through court. “Correct. The fact is the administration wanted to try this approach. This was a...

There is no other way to say it: liberal judges are waging unrestricted lawfare against President Trump. First, they protected illegal immigrants from deportation—literally sheltering criminals from justice. Now, they’re protecting foreign governments and multinational corporations from President Trump’s tariffs. Case in point: yesterday, the U.S. Court of International Trade ruled the tariffs were illegal. Today, a second court followed suit. This is not surprising. Wall Street is engaging in total warfare against President Trump. Why? Because Wall Street profits tremendously from the trade deficit—to the tune of over $1.2 trillion per year. If President Trump is successful, this gravy...

50% is a reasonable tariff to place on the E U since we are going into 80 years of the Marshall plan to help Europe recover from World War 2. Eighty years, when Truman was president. I wasn't even born yet. It's time to cut these freeloaders loose. In addition, let's make them pay for their own defense. June 1 is as good a date as any.

President Donald Trump on Saturday warned Walmart not to raise prices, two days after the retailer said price hikes were possible. "Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain," Trump wrote on Truth Social on Saturday. "Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, ‘EAT THE TARIFFS,’ and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!" On Thursday, Walmart CEO Doug McMillon said it would do its best to keep prices down, but with the...

President Donald Trump demonstrated once again why he's the master of the art of the deal. During his trip to the Middle East, Trump made it clear that countries dragging their feet on trade negotiations are about to face the music. So far, the trade negotiations are going well, and the economic apocalypse that Democrats claimed was going to happen hasn’t. It's nothing new for Democrats to be wrong, and while they’re still harboring delusions that Trump is going to kill the economy, his latest move is likely to send them into a tailspin. Trump isn't playing around. With over...

Treasury Secretary Scott Bessent and U.S. trade representative Jamieson Greer will meet with their Chinese counterparts in Switzerland this weekend to discuss economic and trade matters, their offices announced Tuesday.“We have shared interests,” Bessent said later on Fox News’ “Ingraham Angle.” The current tariff war “isn’t sustainable,” said Bessent, “especially on the Chinese side. And, you know, 145 percent [tariffs], 125 percent, is the equivalent of an embargo. We don’t want to decouple, what we want is fair trade.”Bessent and Greer will meet with their Chinese counterparts on both Saturday and Sunday, the Treasury secretary said.

“This makes no sense,” a U.K. producer railed. “It implies that a U.S. film is meant to shoot in the U.S. But the ‘Harry Potter’ films, ‘Lord Of The Rings,’ ‘Schindler’s List,’ ‘Mission Impossible,’ ‘Gladiator,’ ‘Avatar’ and so many more are U.S films that shot overseas for obvious reasons. Do these films have to shoot in the U.S. from now on? It’s an absurd announcement with no meaning nor understanding of storytelling or creative impulses....”Echoes another London-based producer: “If this goes the distance, it will decimate the industry. But you can’t just stop production,” he said. “When does it come...

@PressSec reacts to Amazon's announcement on tariffs: "This is a hostile and political act by Amazon... It's not a surprise because, as Reuters recently wrote, Amazon has partnered with a Chinese propaganda arm... This is another reason Americans should buy American."

WALMART'S CEO has reportedly issued a stark warning to US leaders over unavoidable price changes and empty shelves. Doug McMillon and other retail executives admitted that supermarkets will see overhaul changes in just two weeks. ...Tea, avocados, sneakers, home furniture, bananas, video games, clothes, toys, and foreign-made cars are all expected to become much more expensive under Trump's trade plan. In a disturbing comment, billionaire Mark Cuban warned that companies may start charging more even if a product isn't affected. "Even if it's made in the USA, they will jack up the price and blame it on tariffs,"

Sen. Rand Paul (R-Ky.), who has long been considered one of the Senate’s budget hawks, recently gave advice that when the stock market tumbles, “it pays to listen.” “The stock market is comprised of millions of people who are simultaneously trading. The market indexes are a distillation of sentiment,” Paul posted Monday on social platform X. “When the markets tumble like this in response to tariffs, it pays to listen.” His remarks come as markets began to dip after President Trump declined to rule out the U.S. economy from sliding into a recession. The Dow Jones Industrial Average lost 890...

The government of Ontario is applying a 25 percent surcharge starting Monday on electricity exports to three U.S. states in response to U.S. tariffs on Canada. This surcharge will affect electricity sales for 1.5 million homes and businesses across Michigan, Minnesota and New York, the Ontario government said. In total, it could cost up to $400,000 per day. New market rules are going into place requiring Canadian electricity sellers to add a $10 per megawatt-hour surcharge, equivalent to a quarter of the electricity’s average value, to the cost of power for sales to the U.S., according to a statement from...

President Donald Trump threatened to slap a new 250% reciprocal tariff on Canadian lumber and dairy products, perhaps as soon as Friday, one day after pausing a 25% tariff on other Canadian goods.Trump made the comments to reporters in the Oval Office on Friday, citing Canada’s 250% tariffs on U.S. dairy exports to the north.“Canada has been ripping us off for years on lumber and on dairy products,” Trump told reporters. “They will be met with the exact same tariff unless they drop it. That’s what reciprocal means.”“We may do it as early as today, or we’ll wait until Monday...

Being a tariff man may come with some consequences for the US economy. That's the warning from former Trump communications director and Skybridge Capital founder Anthony Scaramucci. "I don't think this sort of blanket approach is the right way to do it, and I think he's [Trump] is going to put us into a recession, frankly," Scaramucci told me at the Bitcoin Investor Week conference. "Remember tariffs are a tax, and they're primarily a consumer tax," Scaramucci added. It's "a consumption tax, sort of like a VAT [value-added tax]. And that’s a regressive tax. So what ends up happening is...

"The tariffs are going forward on time, on schedule. This is an abuse that took place for many, many years. And I'm not even blaming the other countries that did this. I blame our leadership for allowing it to happen." https://x.com/i/status/1894122123343577590

Benny Johnson @bennyjohnson 🚨BREAKING: President Trump officially announces 25% tariffs on both Mexico and Canada. From Aaron Rupar 3:26 PM · Jan 30, 2025

Donald Trump has an aggressive plan to spur economic growth, reduce the federal budget deficit, ease inflation, and lift up everyday Americans who have struggled during the Biden-Harris administration. Mr. Trump’s plan, which he outlined Sept. 5 at the Economic Club of New York, includes keeping the 2017 tax cuts in place permanently, reducing costly regulations, cutting government spending, and making smart use of tariffs to restore American manufacturing. Donald Trump has an aggressive plan to spur economic growth, reduce the federal budget deficit, ease inflation, and lift up everyday Americans who have struggled during the Biden-Harris administration. Mr. Trump’s...

CNN)US Treasury Secretary Janet Yellen on Wednesday criticized the Trump administration's tariffs on China and voiced support for lifting some of the levies, in part to ease very high inflation pressuring the US economy. "Some of the tariffs that were imposed by President Trump in retaliation for China's unfair trade practices, some of them, to me, seem as though they imposed more harm on consumers and businesses," Yellen said during a press conference in Germany ahead of a G7 summit with finance ministers.

Some people claim that Trump only recently arrived at most of these viewpoints, so I'd like to discuss Trump's history with each of these issues (sorry for the length but I think these important topics deserve to be delved into). I was told yesterday that Trump is a liberal Democrat. Trump’s political registration records since 1987 are public and available online. During this period, Trump has been a registered Republican for more than twice as long as he was a registered Democrat. If people would bother to read his books, look at the full-page ads he took out on policy...