Khanna believes manufacturing 'isn’t going to come here' due to Trump's tariffs
Rep. Ro Khanna (D-Calif.) believes manufacturing will not “come” to the United States despite the Trump administration placing tariffs on the country. Kanna, a representative of Silicon Valley, joined CBS News’ Face the Nation on Sunday, where he said he didn’t think technology production would come to the US and instead would go to a […]
Trump: Semiconductor tariffs coming, but ‘You have to show a certain flexibility’
President Trump said on Sunday that there may be exceptions to certain products, but that he will announce tariffs on semiconductors on Sunday. “The tariffs will be placed in the not-too-far future. You know, we did with steel, we did with aluminum, which is now fully on, we would do it with semiconductors, chips and […]
Trump has vowed to bring down housing costs. What is his administration doing?
This is the first time this story is in a four-part series. President Trump returned to the White House with pledges to deal with the housing shortage and the affordability crisis. But his move to crack down on trade policies, immigration and the size of the federal government threatens to exacerbate the burden on homeowners […]
Trump FTC faces first major test with Meta trial
The Trump administration will take on Meta, the social media giant that owns Facebook and Instagram, in court starting Monday, in a case that could exist as a key first test for President Trump’s anti-trust team. The Federal Trade Commission (FTC) seeks to prove that Meta has dominated social networking through its acquisitions of Instagram […]
China's Xi on Trump's tariffs: 'Protectionism will lead nowhere'
Chinese national president Xi Jinping took on the ongoing tariff battle as he traveled to Southeast Asia this week to build a partnership with Chinese communist Vietnam. “Trade and tariff wars will not produce winners, and protectionism will lead to anywhere,” XI I wrote it in a signed letter It was published by Chinese and […]
Yellen sees 'very worrisome' pattern in Treasurys sell-off
Former Treasury Secretary Janet Yellen said the economic uncertainty over Trump’s whiplash tariff policies has prompted a “really very worrying” trend in dollar-based assets. “We have seen very unusual patterns in financial market development over the past few weeks,” Yellen said. On Monday morning appearance On CNBC’s “Squawk Box.” “We don’t think we see dysfunction […]
Trump administration sued after taking down public spending tracker
The Trump administration has been accused of breaking the law in a recent lawsuit after knocking down a website intended to show the public how federal funds are paid to agencies. a New lawsuit Last month, filed in federal court in DC, he accused the Trump administration of violating federal law. “Congress has mandated rapid […]
Mark Zuckerberg takes the stand at Meta trial
Meta CEO Mark Zuckerberg stood up Monday to face the Federal Trade Commission (FTC) in a case where his social media company could determine the fate of the tech Titan Empire. The FTC called Zuckerberg the first witness. This shows that Meta will acquire Instagram and WhatsApp to further establish and protect personal social networking. […]
Trump looking at tariff exemptions 'to help some of the car companies'
President Trump said Monday that he is considering tariff exemptions to provide relief to auto companies as he works to restructure supply chains in the latest potential adjustments to tariff policy. “I’m looking at something to help some of the car companies switching to parts made in Canada, Mexico and elsewhere,” Trump said when asked […]
73 percent 'financially stressed': Survey
New polls show that Americans are increasingly uneasy about the economy amidst stubborn inflation and trade wars, with over 70% of respondents feeling that their personal finances are highlighted. A CNBC/Surveymonkey poll released Friday found inflation was the leading cause of financial stress among Americans over the past three years, but 66% of respondents said […]