Trump exempts phones, computers, other electronics from reciprocal tariffs
The Trump administration exempts electronic devices, such as telephones, computers and other electronic devices, from “mutual” tariffs imposed on other countries, including China. guidance Posted Customs and border security that collects import obligations indicate that approximately 20 products will be excluded from mutual duties. These include smartphones, computers, routers and semiconductor chips. The exemption could […]
Inflation outlook climbs after new tariffs
Inflation outlook has risen in the minds of both consumers and the Federal Reserve after President Donald Trump imposed a general tariff of 10% this week and triple-digit tariffs on US trading partner China. New York President John Williams I said it on Friday He expects inflation to rise to 3.5-4% this year. “We expect […]
Will Trump’s tariffs affect U.S. jobs?
Again, once again: Since President Trump's inauguration speech, the potential economic radioactive illusion of tariffs has been bothering Americans when he proposed “customers and tax foreign countries to enrich the citizens.” Global tariffs were announced, revised or withdrawn in February and March, but for example, new tariffs on all steel and aluminum imports came into […]
Navarro labels reported sidelining 'fake news'
White House trade adviser Peter Navarro reports that despite a series of public spats with tech billionaire Elon Musk, his job is safe and that he claims he was sidelined from decision-making. Navarro, who also served under Trump's first administration, addressed the claim that he was placed on the bench. Thursday's interview Along with Fox […]
Trump threatens to put higher tariff rate back if countries don’t strike deals
President Trump threatened on Thursday that he would reverse the course with a 90-day suspension on country-specific tariffs if the country does not sign a contract with his administration earlier. “We don't do the deal we want to do, or we have to do, that's good for both parties – that's good for both parties […]
Bessent moves to center of Trump world
Treasury Secretary Scott Bescent is on the stage for President Trump's role in the economic team and is now on the stage for the president's tariff plans. Bescent spearheaded a 90-day suspension on heavy tariffs on Trump's 90-day trading partners, temporarily calming the market amid increasing pressure from Wall Street for trade teams to shift […]
Yellen: Trump 'has taken a wrecking ball' to economy with trade war
Former Treasury Secretary Janet Yellen, who served under former President Biden, said President Trump “stolen the destructive ball.” “President Trump has inherited a very strong growth economy, the labor market is working very well, low unemployment rates and a prominent record of job creation,” Yellen told CNN International's “One World” on Thursday. “So we had […]
Trump tariffs lead to soaring tensions, risks for US, China
Economic tensions between the US and China have skyrocketed after President Trump retaliated on Wednesday by raising tariffs on Chinese goods to 125% and tariffs on US exports to 84%. Trump suspended his “mutual” tariffs in dozens of other countries on Wednesday, but he struck China more harder and strengthened the economic battle between the […]
Why Trump and others are worried about the bond market
President Trump's tariff plans have caused concerns about the stability of the bond market as demand fell rapidly before implementing a 90-day suspension on most tariffs. Trump referenced the bond market in his remarks on Wednesday, explaining his decision to enact a moratorium, and appears to be focusing on a decline in demand and a […]
FCC chair launches investigation into Disney over DEI
The hit is heading towards Walt Disney Co., but not the way the media empire probably likes. Federal Communications Commission (FCC) Chairman Brendan Kerr announcement On Friday, social media platform X, ABC's parent Disney launched an investigation into potential violations of FCC's Equal Employment Opportunity Regulation through the company's efforts to promote diversity, equity and […]