House Speaker Mike Johnson supports measures to impose strong sanctions on Russia
House Speaker Mike Johnson (R-La.) has endorsed new legislative efforts to impose sanctions on Russia in response to President Vladimir Putin’s ongoing war against Ukraine. “A lot of congressional members are eager for us to hit Russia with the toughest sanctions possible,” Johnson stated to reporters on Monday. “And I’m here to champion that.” This […]
US Dollar comes to a standstill as Trump announces the U.S. will impose unilateral tariffs
The US dollar is expected to remain steady as discussions between representatives from Ukraine and Russia in Turkey concluded without any agreement. Traders are largely ignoring the dip in the Michigan Consumer Sentiment Index for May. The US dollar index is currently trading below 101.00 and is seeking to establish a support level. The US […]
Europe prepared to impose sanctions if there is no ceasefire following Istanbul discussions.
European leaders are considering implementing further sanctions against Russia. They’re set to discuss this in Türkiye on Thursday, although a ceasefire seems unlikely. French President Emmanuel Macron indicated that Europe is prepared to act if Moscow doesn’t agree, suggesting new sanctions will follow a 30-day ceasefire. German Prime Minister Friedrich Merz also warned that without […]
Will the IRS impose taxes on Pope Leo XIV’s Vatican residence?
What happens when the tax man comes for the Pope? With the election of Prevart F. Prevast of Chicago as Pope Leo XIV, America now has its first Pope, and Chicagoans can claim a stake in the Vatican. While Catholics across the globe ponder spiritual matters, tax lawyers are focused on a different question. Will […]
UN Watch calls on Rubio to impose sanctions on ‘pro-Hamas’ UN Special Rapporteur Albanese
Exclusive – The UN Watchdog organization is urging Secretary of State Marco Rubio to take measures against appointees of international agencies, with their second term starting on May 1. In a letter directed to Rubio, Hillel Neuer, the Executive Director of UN Watch, suggests that the U.S. government should impose sanctions and deny entry and […]
Trump unveils plan to impose levies on Chinese ships docking at US ports as trade war escalates
The Trump administration announced new plans on Thursday Taxation on Chinese ships docking at US ports – Potentially escalating tensions in an ongoing trade dispute between the two largest economies of the world. Under the proposal It was announced by the US Trade Representativecharges will be charged on all Chinese-owned or built vessels docking in […]
US begins inquiry into pharmaceutical and chip imports in bid to impose tariffs | Trump administration
The Trump administration has launched an investigation into drug and semiconductor imports as part of its bid to impose tariffs on both sectors for national security reasons, a notice posted Monday showed. The submission, scheduled to be published on Wednesday, marks the 21-day deadline from that date for submission of public comments on the issue, […]
Israeli troops return to Gaza City, impose blocade
Israeli forces again imposed a blockade of Gaza's northern capital on Thursday. Israel also continued to fire Gaza, killing 85 Palestinians from Wednesday to Thursday, according to the Gaza Health Ministry in Hamaslan. Israel maintained its lockdown in Gaza city for much of the war before the January ceasefire that collapsed earlier this week. The […]
Trump plans to impose new US tariffs on countries with value-added taxes
President Trump announced on Saturday that other countries' Value Added Tax systems will be treated like tariffs, including in his new plan to impose US taxes. “We consider countries that use the VAT system, which is much more punitive than tariffs, to be similar to countries with tariffs.” Trump said in a post about the […]
Egg shortages force some grocery stores to impose limits
Due to a lack of eggs, some retailers across the country have set limits on the number of cartons that customers can purchase at once. Discount grocery store Lidl told a New York news outlet that eggs from certain brands sold in stores are limited to two dozen per customer. “At this point, there are […]