Free Republic

Following a month where the trade deficit hit its lowest level since early 2009, it shot up to $56.8 billion, an increase of 94.6% from October...On a year-over-year basis, the deficit through November stood at $839.5 billion, or about 4% higher than the same period in 2024.

President Donald Trump's tariffs, scheduled to increase on August 1, could result in significantly higher prices for a range of food groups. This is according to an analysis published Monday by the bipartisan Tax Foundation, which found that these will impact nearly 75 percent of U.S. food imports, which it said will "likely lead to higher food prices for consumers." Newsweek reached out to the White House via email for comment. Why It Matters It has repeatedly been warned that the higher import taxes implemented as a result of the Trump administration's economic agenda will increase costs for U.S. businesses...

Why is Canada targeting Republican-led states? President Trump officially imposed tariffs on Canada, Mexico, and China on Saturday after they had ignored his threats. Trump slapped the tariffs on the three countries under the International Emergency Economic Powers Act. 25% tariffs on all Mexico imports 25% tariffs on nearly all Canadian imports — 10% on Canadian energy resources 10% tariffs on all China imports “Today, I have implemented a 25% Tariff on Imports from Mexico and Canada (10% on Canadian Energy), and a 10% additional Tariff on China. This was done through the International Emergency Economic Powers Act (IEEPA) because...