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Microsoft raises Xbox prices due to tariffs following PlayStation hike

Microsoft's Xbox is hiking prices for gaming consoles, controllers, first-party titles and other accessories following similar moves by competitors due to tariffs affecting Global Supply Chains. in Blog post On Thursday, Xbox said it would raise prices for products in the US, Europe, Australia and the UK. The more powerful Xbox Series X consoles will […]

Bannon signals support for millionaire tax hike: ‘It’s going to help’ Trump

Former White House strategist Steve Bannon has shown his support for tax cuts on wealthy people under the Second Trump administration. Bannon said if successful, the move could help President Trump Shore support the proposed third term of office. “This is being fought behind closed doors now. Plus, I’m telling you with a massive tax […]

Shein, Temu hike prices to offset 120% Trump tariff slated to take effect next week

Shane and Tem’s favorite t-shirts, dresses and cheap appliances have become more expensive due to President Trump’s tariffs. On Friday, the Chinese web retailer hiked prices to offset the 120% tariffs that the items would be eligible for the May 2nd DE Minimis exemption. The two patio chairs listed on Temu’s site were marked up […]

GOP strategists point to populism as fuel for Republican tax hike talk

Trump drops potential tax bombs R-Penn. Rep. Dan Meuser is considering the Trump administration’s immigration strategy, along with the potential implementation of a 40% billionaire tax system. The aversion to tax hikes has long been one of the Republican core pillars, but tradition has been eclipsed over recent weeks as the new billionaire potential billionaires […]

Trump administration announces plan to hike solar tariffs for 4 countries

The Ministry of Commerce announced this week plans to raise tariffs on East Asian solar panels, claiming that panels in Cambodia, Malaysia, Thailand and Vietnam are receiving Chinese subsidies. Panels from Cambodia received the highest tariffs as solar panels from that country measure duties at an average rate of 652%, while some Cambodian companies were […]

Ford may hike prices if Trump’s auto tariffs persist, memo says

A memo sent to dealers on Wednesday reviewed by Reuters said Ford Motor could raise prices for new vehicles if President Trump’s car rates continue. The Dearborn, Michigan automaker offered deep discounts across the lineup, starting on June 2nd earlier this month. The program will continue, but pricing for new models created after May may […]

White House quietly mulls millionaire tax hike as House GOP leaders object

White House aides have quietly floated the proposal within the House GOP, raising tax rates for people making more than $1 million to 40%, two sources familiar with the discussion told Fox News Digital, offsetting costs of eliminating overtime pay, wage slopes and social security tips for retirement. Sources stress that the debate is preliminary, […]