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Donald J. Trump @realDonaldTrump BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before! Apr 09, 2025, 8:33 AM

President Trump stood by his wide-scale tariffs, calling them a “beautiful thing to behold” that will eventually be largely supported even as the stock futures dropped Sunday evening. “They are already in effect, and a beautiful thing to behold. The Surplus with these Countries has grown during the ‘Presidency’ of Sleepy Joe Biden,” Trump blasted out on Truth Social Sunday night as he attempted to justify the action he took against around 90 nations last week. “We are going to reverse it, and reverse it QUICKLY. Some day people will realize that Tariffs, for the United States of America, are...

​Several countries have announced plans to reduce or eliminate tariffs on U.S. imports in response to President Donald Trump’s “reciprocal tariffs” policy, set to take effect on April 2, 2025. This policy aims to match the tariffs that other nations impose on U.S. products. The White House released a detailed chart showing how badly many countries have been ripping off American workers, charging high tariffs on U.S. goods while benefiting from America’s generosity in return.

US stock futures plunged on Thursday as investors digested President Trump's announcement of a 10% tariff on all US trading partners, which has sent shockwaves through markets and the global trade order. S&P 500 futures (ES=F) dived 3.1%, while Dow Jones Industrial Average futures (YM=F) tumbled 2.5%, or over 1,000 points. Contracts on the tech-heavy Nasdaq 100 (NQ=F) led the sell-off, plummeting 3.5%. Apple (AAPL) shares fell sharply, while Nvidia (NVDA) and other chip stocks also tumbled amid concerns about disruption to their supply chains. China, a key supplier of components to such tech companies, was hit with additional US...

President Trump unveiled his new “liberation day” tariffs on Wednesday, and they are another large step toward a new old era of trade protectionism. Assuming the policy sticks—and we hope it doesn’t—the effort amounts to an attempt to remake the U.S. economy and the world trading system. All details aren’t clear as we write this, but Mr. Trump’s tariffs look “reciprocal” in name only. First he’s hitting every nation in the world with a 10% “baseline” tariff to sell in the U.S. market. For those he calls “bad actors,” he’s adding up the country’s tariff rate on U.S. goods, plus...

U.S. stocks fell Friday morning, putting the S&P 500 on pace to extend its monthlong rout caused by trade policy turmoil, recession fears and a rollover in megacap technology shares. The S&P 500 fell 0.8%, while the Nasdaq Composite pulled back 1%. The Dow Jones Industrial Average dropped 321 points, or about 0.8%. Friday’s session is likely to be volatile, with options set to expire and President Donald Trump’s April 2 tariff deadline looming over the market. The S&P 500 is on pace for a 0.5% fall week to date, putting it on track for a five-week losing streak. The...

President Donald Trump said Tuesday he has ordered his administration to raise tariffs on Canadian steel and aluminum imports by an additional 25%, bringing the total duties to 50%. Trump said he was imposing the latest tariffs in response to a decision by Ontario’s government to slap a 25% tax on electricity exports to the U.S. That move by Ontario Premier Doug Ford was itself issued in retaliation to the sweeping 25% tariffs that Trump had placed on imports from Canada. This is breaking news. Please refresh for updates.

A three-week market sell-off intensified on Monday, with investors worried that tariff policy uncertainty would tip the economy into a recession, something President Donald Trump did not rule out over the weekend in an interview. The Dow Jones Industrial Average dropped 1,107 points, or 2.6% for its biggest decline of the year. The S&P 500 shed 3.4%, falling to the lowest level since September. The tech-heavy Nasdaq Composite saw the biggest selling of the major averages, falling 4.8% for its biggest decline since September 2022. The S&P 500 is off by 9.1% from its all-time high reached Feb. 19, the...

President Donald Trump declined to explicitly rule out a full-blown recession for the U.S. economy this year, telling Maria Bartiromo in a recent "Sunday Morning Futures" exclusive that the country will see a "period of transition" as his policies take effect. "I hate to predict things like that," he said of a recession. "There is a period of transition because what we're doing is very big. We're bringing wealth back to America. That's a big thing… it takes a little time, but I think it should be great for us." The president's comments come amid some business leaders' instability concerns...

The American consumer is getting worried about the economy. Economic jitters are showing up across various sentiment surveys as the Trump administration aims to reconfigure America’s trade relationship with the world and inflation shows signs of getting stuck. The latest evidence comes from The Conference Board’s Consumer Confidence Index for February, released Tuesday morning. The index fell to 98.3, falling for the third-straight month and marking the largest monthly decline since August 2021, as expectations for inflation in the year ahead climbed. That coincides with the trends reflected in the University of Michigan’s consumer survey for February. Homebuilders are also...

Back in November, I wrote a column for Kansas Reflector that discussed the likely adverse effects of President Trump’s proposed tariffs on U.S. farmers. The piece noted that 398 million acres of cropland has been added to the mix around the world since the start of this century, notably in tropical regions such as Brazil and India. There is increasing competition for U.S. farmers in export markets. The United States alone cannot absorb all that we produce here. Many farmers voted for Trump because he promised less regulation and greater prosperity for America’s farmers. The hard truth is that, like...

The Wall Street Journal reports that the consumer confidence that accompanied President Donald Trump’s entry into office has eroded. The University of Michigan’s February report on consumer sentiment found that it fell by 5 percent, from 71.1 percent in January to 67.8 percent this month. Americans now expect inflation this year will be 4.3 percent, a 1 percent increase from last month. Morning Consult also found that consumer optimism is quickly fading. Consumers are worried about volatile decisions around sweeping executive orders and potential tariffs. Early polling data from Trump’s first days in office showed that the speed of the...

Democrats have no equals when it comes to taking undeserved credit and evading well-deserved blame. Consider a recent Time article titled "Don’t Give Trump Credit for the success of the Biden Economy." Of course, no one, including President-elect Trump, wants credit for Biden’s dumpster fire economy. That debacle just cost the Democrats an election. So, what is Time’s piece all about? Well, it is part of an effort to position Democrats to take credit for what even they see as Trump’s coming economic turnaround. It’s not the first time Democrats have tried to take credit for Trump’s economic success. Recall...

President Donald J. Trump, 45th President of the United States of America, will deliver remarks on the economic hardships created by the Harris-Biden Administration in Asheville, North Carolina, on Wednesday, August 14, 2024, at 4:00 p.m. ET.Tune into RSBN for all-day LIVE coverage starting at 11:00 a.m. ET. Please note the start time is subject to change.

Bidenomics is a great marketing ploy where you have out of control Federal spending and magically decide to reopen the economy and school after Covid and focus only on jobs added after Biden was selected President and ignore the jobs added during Trump. Real gross domestic income (GDI) is a measure of the incomes earned and the costs incurred in the production of gross domestic product. It’s another way of measuring U.S. economic activity. BEA also publishes the average of real GDP and real GDI. REAL GDI dropped to -0.8% QoQ for Q1 2023. Kind of looks like Bidenomics is...

A new poll out from Richard Baris shows that Trump is undoubtedly in the lead in the 2024 presidential race in the Rust Belt states. Trump leads the GOP primary field with 67.5 percent, and DeSantis comes in a distant second at 17.1 percent. Trump also leads President Biden in the poll, showing that likely voters prefer Trump to Biden 46.9 to 38.1 percent. Among those likely voters who were polled, 7.5 percent say they would opt for a third party candidate, and 7.4 percent are not yet decided. If DeSantis were to be the nominee, according to likely voters,...

I try to avoid listening to politicians, particularly Joe Biden. But his remarks in a speech that he inherited a train wreck from Republicans struck me as … wrong and grossly misleading. First, Democrats had a majority in the House of Representatives, not Republicans. Second, since 2020 was the outbreak of Covid-19 and subsequent economic shutdowns, I am going to look at things at January 2020 just prior to the economic shutdowns, mostly by state governors and city mayors. Let’s start with unemployment. It was 3.5% under Trump in January 2020 BC (before Covid). It is now 3.5%. Advantage? Tie....

We have faced a lot of significant challenges in modern American history, but nobody will ever forget the economic horror that is breaking loose during Joe Biden’s time in the White House. For years, we were warned that the policies that our leaders were pursuing would destroy the value of our currency and unleash rampant inflation. Now it has happened. For years, we were warned of a looming global energy crisis that would inevitably hit us. Now it is here. But what we have been through already is just the beginning. The shortages that we are experiencing now will get...

The Supreme Court Monday rejected an appeal from several states challenging Congress's cap on state and local taxes that can be deducted from federal taxable income.

The US has agreed to ease Trump-era tariffs on UK steel and aluminium shipments, resolving an issue that had strained relations between the allies. The move follows earlier deals with the European Union and Japan over the controversial taxes, which were imposed by former President Donald Trump in 2018 in the name of national security. In exchange, the UK will suspend extra taxes it had put on US products such as bourbon and Levi's jeans.