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Donald Trump said Sunday that he had a “very nice call” with European Commission President Ursula von der Leyen, and he has agreed to delay his threatened 50 percent tariff until July 9 at her request. The EU wants to negotiate, Trump said:That agreement came after a call Sunday with Ursula von der Leyen, the president of the European Commission, who had told Trump that she "wants to get down to serious negotiations," according to the U.S. president's retelling."I told anybody that would listen, they have to do that," Trump told reporters on Sunday in Morristown, New Jersey, as he...

The European Union's trade chief said the 27-member bloc is committed to securing a trade deal with the US based on "respect" not "threats". It comes after US President Donald Trump threatened to slap a 50% tariff on all goods sent to the US from the EU. "The EU's fully engaged, committed to securing a deal that works for both," EU Trade Commissioner Maros Sefcovic said after a call with US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick. "EU-US trade is unmatched & must be guided by mutual respect, not threats. We stand ready to defend our interests."...

As part of a flurry of posts on Truth Social on Friday morning, Donald Trump is now proposing slamming the European Union (EU) with a massive new tariff because of the "unacceptable" trade imbalance the U.S. has rung up. Moments after threatening Apple and executive Tim Cook with a 25 percent tariff unless iPhones are made in the U.S., the president moved on to another threat certain to roil the stock market. On Truth Social he wrote: "The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult...

The obvious answer to the question of why the United States runs a trade deficit is that its export sales have not kept up with its demand for imports. A less obvious answer is that the imbalance reflects a macroeconomic phenomenon. Using national accounting, one can show deficits are also due to a persistent shortfall in domestic saving that requires funds from abroad to finance domestic investment spending. Reducing the trade imbalance therefore requires both more exports relative to imports and a narrowing of the gap between saving and investment spending. Grounded by Accounting To give some intuition for why...

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...

During an interview aired on Friday’s broadcast of the Fox News Channel’s “Special Report,” President Donald Trump stated that Iran wants to trade with the U.S. and he’s fine with that, because “I’m using trade to settle scores and to make peace.” Trump said, [relevant remarks begin around 8:30] “Iran wants to trade with us, okay, if you can believe that, and I’m okay with it. I’m using trade to settle scores and to make peace. But I’ve told Iran, we make a deal, you’re going to be really — you’re going to be very happy.” He continued, “But, more...

The fix appears to be in for two court cases against President Donald Trump’s tariffs, according to a very knowledgeable source. Last month, five domestic businesses filed a lawsuit in a little known trade court in New York challenging Trump’s tariffs, arguing they have to rely on imported goods that are not reasonably available to them in the U.S. In his April 2 executive order imposing a set of reciprocal tariffs, Trump declared a national emergency, calling trade deficits a threat to the nation’s national security and economy. Trump’s tariffs are central to his economic agenda and designed to reduce...

VIDEOAh! What a difference a mere week makes. A week ago, much of the media was eagerly anticipating a SURGE in inflation due to President Trump's tariffs. They repeatedly cited "experts" proclaiming the inevitability of such a rise in inflation with NO alternative scenario possible. Unfortunately for them, reality did not cooperate with liberal fantasy yet again.

Qatar signs an agreement with Boeing to purchase 160 aircraft — the largest widebody aircraft order in the American company's history

Rarely has an economic policy been repudiated as soundly, and as quickly, as President Trump’s Liberation Day tariffs—and by Mr. Trump’s own hand. Witness the agreement Monday morning to scale back his punitive tariffs on China—his second major retreat in less than a week. This is a win for economic reality, and for American prosperity. Make that a partial win for reality. The Administration agreed to scrap most of the 145% tariff Mr. Trump imposed on Chinese goods on April 2 and later. What remains is his new 10% global base-line tariff, plus the separate 20% levy putatively tied to...

Receipts from U.S. tariffs hit a record level in April as revenue from President Donald Trump’s trade war started kicking in. Customs duties totaled $16.3 billion for the month, some 86% above the $8.75 billion collected during March and more than double the $7.1 billion a year ago, the Treasury Department reported Monday. That brought the year-to-date total for the duties up to $63.3 billion and more than 18% ahead of the same period in 2024. Trump instituted 10% across-the-board tariffs on U.S. imports starting April 2, which came on top of other select duties he had leveled previously.

On Tuesday, May 13, the U.S. Court of International Trade will hear oral arguments in the case of V.O.S. Selections, Inc. v. Trump. This case challenges the legality of certain tariffs imposed on imported goods, raising important questions about the scope of executive authority and the impact of trade policy on American businesses. During the hearing, Jeffrey Schwab, Senior Counsel and Director of Litigation at Liberty Justice Center, will argue that the tariffs exceed the President’s statutory authority and violate constitutional protections for businesses engaged in international trade. WHO: Jeffrey Schwab, Senior Counsel and Director of Litigation for the Liberty...

Treasury Secretary Scott Bessent says China admitted they ignored trade commitments under Biden because they knew he wouldn’t enforce them: "Told us they ignored their obligations. We had an excellent trade agreement… Biden chose not to enforce it." https://x.com/bennyjohnson/status/1921907299704049986

The Trump administration’s global tariffs face their first major legal test this week when a little-known Manhattan court considers one of the president’s most sweeping assertions of executive power. A three-judge panel at the Court of International Trade will hear arguments Tuesday on whether to halt the levies, which have unleashed a trade war with the world and threaten to upend the global economy. The federal court, which has nationwide jurisdiction over tariff and trade disputes, operates for the most part in obscurity, rarely garnering a mention in major publications and staying off the radar of most attorneys. “Most lawyers...

President Trump vowed to bring “FAIRNESS TO AMERICA!” by deeply slashing prescription drug prices through an executive order he plans to sign Monday morning.

A yearslong malicious cyber operation spearheaded by the notorious Chinese state actor, APT 41, has siphoned off an estimated trillions in intellectual property theft from approximately 30 multinational companies within the manufacturing, energy and pharmaceutical sectors.A new report by Boston-based cybersecurity firm, Cybereason, has unearthed a malicious campaign — dubbed Operation CuckooBees — exfiltrating hundreds of gigabytes of intellectual property and sensitive data, including blueprints, diagrams, formulas, and manufacturing-related proprietary data from multiple intrusions, spanning technology and manufacturing companies in North America, Europe, and Asia. "We're talking about Blueprint diagrams of fighter jets, helicopters, and missiles," Cybereason CEO Lior Div...

GENEVA, May 11 (Xinhua) -- Chinese Vice Premier He Lifeng urged on Sunday China and the United States to find proper solutions to problems, and extend the list of cooperation. He, the Chinese lead person for China-U.S. economic and trade affairs, held a high-level meeting over the weekend with U.S. lead person Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer. The two sides conducted in-depth, candid and constructive communication on implementing the important consensus reached by the heads of state of the two countries on Jan. 17, and reached a series of major consensuses. He said China and...

U.S. Secretary of Agriculture Brooke Rollins took bold action to protect America’s food supply and ranching industry from an imminent biological threat. Effective immediately, all live cattle, horse, and bison imports through U.S. southern border ports of entry have been suspended in response to the reemergence of the New World Screwworm. The New World Screwworm (Cochliomyia hominivorax) is a parasitic fly whose larvae (maggots) are flesh-eating parasites that infest warm-blooded animals, including cattle, wildlife, pets, and humans. It is considered one of the most destructive parasites known to livestock. According to the CDC:

U.S. & China strike trade deal

In February, President Donald J. Trump promised “a great trade agreement” with the United Kingdom — and today he delivered with a “breakthrough” trade deal that expands market access, curbs non-tariff barriers, and levels the playing field for American exporters.Promises made, promises kept — and he’s just getting started.It’s the first such deal under President Trump’s transformational plan to liberate Americans from globalist trade policies that make foreign countries rich while Americans get robbed. It’s all part of President Trump’s vision of economic prosperity: fair trade, historic tax cuts, deregulation, and a manufacturing revival that will cement America’s new Golden...