Gold price update for September 26: Gold moves closer to $3,800 due to new tariff announcements
Gold futures started at $3,781.50 per ounce on Friday, marking a 1.2% increase from Thursday’s closing price of $3,736.90. For September, precious metals saw gains of nearly 8.5%. Gold prices are inching closer to $3,800. Recently, President Trump announced tariffs varying from 25% to 100% on specific industries, including pharmaceuticals, heavy trucks, and furniture. Branded […]
Trump has shown that we can reduce the U.S. trade deficit using tariff income.
Navarro Discusses Trade Deficits and Tariffs Peter Navarro, who served as a Senior Counselor to President Donald Trump, recently addressed the topic of tariffs and their impact on trade deficits. He emphasized that the U.S. has been facing a persistent trade deficit exceeding $1 trillion annually. According to him, this long-term deficit has resulted in […]
Inflation Eases as Companies Take on Tariff Costs Instead of Passing Them to Customers
Businesses Absorb Tariff Costs, Impact on Inflation Shows Mixed Signals Recent data indicates that instead of increasing consumer prices, American businesses are absorbing the higher costs associated with tariffs. This development may suggest that the Federal Reserve ought to prioritize labor market support over other concerns. The Purchasing Manager Index for September, provided by S&P […]
Nissan removes the 2026 Ariya electric SUV from its US offerings due to Japan’s tariff imposed by Trump
Nissan has announced plans to withdraw the Ariya Electric SUV from its US offerings in 2026. Industry experts speculate that this might be influenced by the new 15% tariffs imposed on electric vehicles manufactured in Japan, a decision linked to former President Trump’s policies. The Japanese automaker informed its dealers that they will cease importing […]
Republican dissenters win tariff compromise from House leadership
A small group of House Republicans managed to secure some concessions from GOP leaders regarding tariff policy following a procedural rebellion during a vote on Tuesday. The leadership agreed to shorten the duration of a ban on voting that could potentially lift President Trump’s tariffs in the next couple of months. Additionally, they consented to […]
Lula from Brazil calls Trump’s tariff ‘political’ and ‘illogical’
Lula Criticizes Trump’s Tariffs on Brazil Brazilian President Luis Inacio Lula da Silva recently described President Trump’s 50% tariffs on Brazil as “political” and “illogical” in an opinion piece for the New York Times. “The increase in tariffs imposed this summer is not only false but also lacks logic,” he stated. “The absence of any […]
Customs fees reach a new high in August due to tariff income
In August, federal customs revenues reached a new high, largely due to the elimination of tariffs on imports, a key aspect of the Trump administration’s economic strategy. According to the Treasury, tariff revenues soared to $30 billion, which is nearly a 300% increase compared to last year. This figure marked a rise from $28 billion […]
Weak job report prompts fresh concerns among Republicans about Trump’s tariff strategies
Republican Concerns Rise Over Economic Data Republican lawmakers are expressing a mix of vigilance and uncertainty regarding the US economy, especially following the Labor Bureau’s recent report indicating nearly 1 million fewer jobs were created from March 2024 to March 2025. While much of the data reflects trends from President Biden’s administration, the report signals […]
Small business recruitment falls by 6.7% due to increasing tariff expenses, study reveals
Impact of Rising Tariffs on Small Businesses In a recent discussion, Marcus Lemonis, CEO of Campworld, shed light on how high interest rates are affecting small businesses. His comments come amid a report from the Bank of America Institute, which indicates a slowdown in job growth among small and medium enterprises (SMEs). The Bank of […]
Trump issues order providing tariff relief for nations with U.S. trade agreements
Trump Signs New Executive Order on Tariffs and Defense On September 5, 2025, President Donald Trump announced a new Executive Order aimed at modifying trade agreements and tariff regulations, particularly for certain imports. This order builds on previous actions taken earlier in his administration, intended to address the ongoing trade deficit that the administration has […]