Wall Street Journal asks if Trump has China trade strategy
The Wall Street Journal editorial board questioned whether President Trump has a clear trade agenda as the tariff war with China heats up. “The reality is that Trump is making up for it as he goes, and it would be useful if he had a real strategy to deal with China, especially.” I wrote it […]
US may already be in recession: BlackRock CEO
BlackRock CEO Larry Fink said in a recent interview that the US may be in a recession or very close as a result of President Trump's sweeping tariffs. “Even though we don't do now, I think we're very close,” Fink said. I said this during his appearance on Friday About CNBC's “Scoke on the Street.” […]
4 Senate Republicans warn against ‘full-scale’ repeal of energy tax credits
A group of four Senate Republicans warned against the “full” abolition of the energy tax credit passed by Democrats in 2022. “We support fiscal responsibility and careful efforts to streamline tax laws, but we warn against the full-scale abolition of credit today, which could cause great disruption to the American people and undermine our position […]
New York AG urges Congress to strengthen crypto regulations after DOJ disbands task force
New York Attorney General Leticia James (d) is Thursday letter It urges Congressional leaders to crack down on crypto regulations days after the Department of Justice (DOJ) dissolved its national cryptocurrency enforcement team. James argued that without safeguards, digital assets could undermine control of the US dollar. He claimed that when individuals fund criminal operations […]
US-China tariff battle fuels questions about Trump's endgame
President Trump's escalating tariff fight against China has rattled the global economy and has raised doubts about how the standoffs will end. This week, Trump announced a 90-day suspension on his drastic tariffs on dozens of countries, but he has raised China's import taxes in a staggering way to 145%. China fought back on Friday […]
O'Leary on Trump tariffs: US must train China 'like a puppy'
“Shark Tank” investor Kevin O'Leary in a recent interview claimed that President Trump's tariffs on China are necessary because the US must train Beijing “like a puppy” to “steal” intellectual property. “It's not just trade tariffs. It's you're cheating and stealing. We're tired of it and you have to stop it. They don't really care […]
Bond market finishes one of worst weeks in decades
The U.S. Treasury bond market finished one of the worst weeks of decades on Friday after a chaotic day when President Trump announced a suspension on his widest range of tariffs. The most attention-grabbing statistics were 30 years of bond yield, the amounts made for bonds purchased by buyers. This yield ended the week at […]
Congress leaves town without passing DC budget fix
Congress left town this week without passing laws to prevent major budget cuts in Washington. This is because the measure faces solid opposition from some conservatives. The measure passed the Senate quickly last month, but it splashed out at GOP-led homes despite President Trump's publicly asking for it to pass. As lawmakers prepared to leave […]
Yellen slams Trump tariff agenda as ‘worst self-inflicted policy wound'
Former Treasury Secretary Janet Yellen placed emphasis on the Trump administration's trade war on Friday evening, blowing up the latest rollout of import taxes on almost every trading partner of President Trump. “This is the worst self-harm scar I've ever seen in my career given to our economy,” she told CNN's Anderson Cooper in an […]
Karl Rove urges Trump to avoid tariff ‘happy talk’ amid economic uncertainty
The role of longtime Republican operatives and Fox News contributor Carl has urged President Trump and his administration to avoid “happy talk” about tariffs amid uncertainty over the country's economy. “Remember, one of the problems we had under Biden was that we talked about happy things. 'Bidenomics is at work' and people didn't believe it. […]