Trump faces new economic uncertainties amid trade battles
President Trump faces growing concern among business leaders, prior to his new administration's first employment report. Many economic forecasts show that the US has seen a slight increase in unemployment rate last month, adding around 150,000 jobs. But Trump's new tariffs, massive firing of federal workers, increased inflation and slowing economic growth will overturn the […]
Tim Scott unveils bill targeting debanking
Senate Banking Committee Chairman Tim Scott (Rs.C.) announced the legislation on Thursday with the aim of leaving the group. Closing accounts that banks often find little risk or explanation – has become an important issue for Republicans, especially as they argue that the cryptocurrency industry is unfairly targeted. Scott's Financial Integrity and Regulatory Control Act […]
Trump signs tariff exemptions for certain imports from Canada, Mexico
On Thursday, President Trump signed a tariff exemption on imports from Canada and Mexico, which are covered by the 2020 North American trade agreement, marking the latest reversal of obligations imposed earlier this week. Under the order, products complying with the US Mexico and Canada Agreement (USMCA) will not be subject to customs duties until […]
CFPB allowing some offices to resume functions
The Consumer Financial Protection Bureau (CFPB) is enabling some offices to resume functioning as the Trump administration faces legal challenges with suspension work orders and other efforts to overhaul consumer watches. Mark Paoletta, the CFPB's chief justice officer, sent an email to employees on Sunday to make it clear that they should still do the […]
Trump says he'll delay tariffs on Mexican products covered by free trade deal
President Trump said Thursday he was delaying tariffs for about a month on Mexican imports, which are subject to the North American trade agreement signed during his first term. Trump Posted on Truth Social Items that fall under the US-Mexico-Canada Agreement (USMCA) will be exempt from the 25% tariffs imposed on imports from Mexico and […]
Trump doubles down on claim Trudeau using tariffs as campaign issue before giving Mexico a delay
President Trump doubled on Thursday with his claim that Canadian Prime Minister Justin Trudeau was using the trade war between two neighbours as a campaign issue just before Mexico would delay tariffs that would be subject to free trade transactions. “Believe it or not, I think Justin Trudeau is using the tariff issues he mostly […]
Trump likely to make more exemptions from Canada, Mexico tariffs: Lutnick
President Trump is likely to announce more exemptions from his new tariffs on Canadian and Mexican products, Commerce Secretary Howard Lutnick said Thursday. in Interview with CNBCLutnick said Trump is likely to be exempt from Canada and Mexico's goods and services from the United States Mexico and Canada (USMCA). Lutnick said the exemption lasts for […]
Former GOP lawmaker: 'I can't understand the Canadian tariffs'
Former Congressman Ken Buck (R-Colo.) says he doesn't understand President Trump's apparently hostile attitude towards Canada. This includes launching a tariff fight and provoking US allies to the north about becoming the “51st state.” “I think the unintended consequences of what he's doing now will hurt his overall agenda,” said Buck, who was known to […]
More Americans tapping 401(k)s to pay for financial emergencies
More Americans are raiding retirement savings to cover emergency costs and obtaining early withdrawal from 401(k). 4.8% of account holders received a difficult withdrawal last year from 3.6% in 2023. According to Vanguard Groupsurveyed data from nearly 5 million people with 401(k) type accounts. A difficult withdrawal allows savers to tap the retirement fund early […]
Tariff tumult gives Senate GOP whiplash
The ongoing ongoing before and after Trump's tariffs is at the expense of Republican lawmakers. Trump's six weeks at the White House have been a roller coaster in many ways. But tariffs surpass that list as Trump threatened to impose them on numerous US trading partners, delayed their implementation, enacted them, suggested compromises, and opened […]