Trump cancels small package tariff exemption and relaxes customs regulations
The White House took steps last Friday to close a loophole on minimum tariffs for lower-value Chinese imports, though experts indicate that this also complicates enforcement of customs regulations. In the ongoing trade dispute with China, the Trump administration has eliminated a small exemption that exempted goods valued under $800 from import taxes. This change […]
US Chamber of Commerce urges Trump admin for tariff exclusions for small businesses
Forbes media chairman Steve Forbes analyzes how President Donald Trump's announcement of mutual tariffs means “final lines” for American companies. In a new letter to the Trump administration, the U.S. Chamber of Commerce warned that small businesses need automatic exclusion from tariffs that could undermine their ability to survive. The Chamber of Commerce on Thursday […]
Heroic bystanders stop attempted abduction of woman, small kids in Florida
A group of brave and good Samaritans are welcomed as heroes after intervening to save a woman and two small children from a catastrophic situation outside the Jacksonville, Florida automotive division. The incident took place on March 12th in the DMV parking lot on North Main Street. According to the Jacksonville Sheriff’s Office (JSO), witnesses […]
Girl, 12, first to notify police after small plane crashed into a Nebraska river, killing 3 on board
The first girl took action when a 12-year-old girl crashed into a river in eastern Nebraska on Friday night, killing all three of them. Paisley Fenner, who had never dialed a 911 before a fatal crash, issued the first warning to emergency services when the unfortunate Cessna 180 plunged into the Platte River in Fremont […]
Parkinson’s symptoms improved by stem cell treatments in small study
In the US, it is home to about 1 million people living with Parkinson’s disease, and 90,000 people get new diagnoses each year, but the race is under treatment. Researchers at the Memorial Sloan Kettering Cancer Center (MSK) have announced their advancements on the frontline. They have developed a new treatment to treat advanced Parkinson’s […]
US man stabs 2 passengers and pilot before fatally shot while hijacking small plane in Belize
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US small businesses tethered to China sell off inventory, cut jobs amid escalating trade war: sources
US small and medium-sized businesses with deep ties to China are screaming that they are floating by selling inventory and cutting jobs as the trade war escalates between the two biggest economies in the world. The Trump administration raised tariffs on goods from China to 145% last week. Large companies caught up in Crossfire have […]
Lawsuit from small businesses argues Trump admin doesn’t have authority to issue tariffs
The president’s authority issuing full tariffs through lawsuits from groups of five small businesses. President Donald Trump issued a 10% tariff on all imports and higher tariffs in several countries during the “liberation date” ceremony on April 2nd. Since then, he has cancelled many of the mutual tariffs while increasing Chinese tariffs. “The trade deficit […]
Small businesses take it on chin in Trump’s tariff war — here’s how they’re trying to weather storm
Trump’s tariffs govern American businesses all over the board, but it’s the small businesses that really put it on their jaws. Small businesses account for $868 billion, or about a third of US imports, per year, according to the Census Bureau. These companies are smaller than those of Microsoft, Amazon, Lululemon, but rely on Chinese […]
Trump poised to pick fight with big banks over lending for small businesses
Jamie Dimon, Brian Moynihan, Jane Fraser and other heads of major banks have something to fear from Donald Trump sooner than his tariff war. Sources close to the Trump administration say Donald and his economic team are planning to promote commercial banks by requiring locations like CEOs and, more importantly, JP Morgan, the US Bank […]