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, […]
Trump budget bill failure could lead to ‘largest tax hike in history,’ lawmaker warns
Exclusive: The chairman of the largest House GOP Caucus is using tax days to send warnings about financial stocks that American families may face next year if Republicans fail to plan a massive, conservative policy overhaul. Republican Research Committee (RSC) Chairman August Pfluger, R-Texas, told Fox News Digital that if Congress does not pass the […]
China escalates trade war against US with 134% tariff hike: ‘It’s become a joke’
The Chinese Communist government did not retreat from the massive tariffs issued by President Donald Trump, and instead slap The United States has a retaliatory tariff of 134%. Trump announced a 90-day suspension on tariffs in other countries, and raised tariffs on China to a total of 145%. World Trade War volatility has led to […]
Trump’s Auto Tariffs: A Shocking $4,711 Price Hike on Your Next Vehicle, Warns Economist!
Notable economist Arthur Laffer cautions in a recent report that the 25% tariff, which President Trump advocates for on imported foreign-made vehicles, could significantly increase sticker prices, jeopardizing the US automotive sector. According to Laffer, Associated Press created a 21-page analysis that determined that automakers would fare better if Trump adheres to the policies for […]
Oklahomans could face 75% hike in insurance premiums if federal ACA subsidies expire – KTUL
Tulsa, Oklana. (ktul) – If Congress decides not to renew its major federal grants, hundreds of thousands of Oklahomans could soon face higher health insurance premiums. Premiums for those registered in the Affordable Care Act (ACA) market plans could increase by up to 75% from 2026, according to the Oklahoma Department of Insurance. Mike Rhodes, […]
Trump tariffs could hike tequila prices — even if they never take effect: report
Trump's threatened tariffs in Mexico are rambling over the country's tequila industry, despite the promised 25% collection still not yet in effect. Tequila's leading producers and retailers have won large stockpiles of agave-based spirits that can only be made in Mexico, but have paid a large storage fee. Reuters reports that they will put on […]
China Announces Military Spending Hike, More Economic Stimulus
Chinese Prime Minister Li Qiang on Wednesday announced a 7.5% increase in military spending in 2025 as tensions between the US and Taiwan are rising. Li also announced more economically stimulating spending on Wednesday to address “unseen the century” that is “developing at a faster pace worldwide” than ever before. The increase in military budgets […]
Hegseth fires back after China flexes war readiness over tariff hike: ‘We’re prepared’
Defense Secretary Pete Hegses responded to China's claims that “types of war” are ready following President Donald Trump's 10% tariff increase. Lin Jiang, spokesman for China's Ministry of Foreign Affairs, on Tuesday I responded In Trump's move, he argues that “the fentanyl issue is a flimsy excuse to raise our tariffs on Chinese imports.” “My […]
OPEC+ will start long-delayed oil production hike
A group of oil producers known as OPEC+ will advance long-term increases in oil production. Eight countries that repeatedly slow production increases will move forward with them. These countries are Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman. They cited “the basics of a healthy market and a positive market […]