US and China prolong tariff pause by 90 days, avoiding increase in duties
On Monday, the U.S. and China agreed to extend their temporary tariff ceasefire for another 90 days, which is important as U.S. retailers gear up to boost inventories for the holiday shopping season. President Trump took to his social media platform to share that he signed an executive order to pause the implementation of increased […]
Trump Again Extends Tariff Deadline for China
Trump Delays Tariffs on Chinese Goods On Monday afternoon, President Trump took the step of signing an executive order to postpone the implementation of tariffs on Chinese products for another 90 days. This decision came just before the tariffs were set to start. There had been several meetings recently, with both nations discussing possible agreements […]
Consumers will face increased prices on items from toilet paper to candy as companies transfer tariff costs.
Shoppers at supermarkets can expect to shoulder higher costs due to President Trump’s tariffs on everyday items such as toilet paper, toothpaste, chocolate bars, and ketchup. Procter & Gamble, a key player in household products, has revealed plans to increase prices on around 25% of its U.S. offerings to counteract the effects of the $1 […]
‘No Free Handouts to Anyone’: Kevin O’Leary Rejects Proposal for Sending Tariff Rebates to Americans
Kevin O’Leary Critiques Proposed Rebate Checks Funded by Tariffs Kevin O’Leary, known from “Shark Tank,” expressed reservations on Monday regarding the idea of providing rebate checks to Americans funded by tariffs. This concept was initially suggested by President Donald Trump on July 25 and further introduced by Republican Senator Josh Hawley from Missouri. During an […]
Silver Price Outlook: XAG/USD drops close to $38.00 with US-China tariff deadline approaching
Silver prices retreat to around $38.10 during Monday’s Asian trading session. Traders are keeping close tabs on updates regarding US-China trade negotiations before looming deadlines. Increased expectations of Federal Reserve rate cuts might help mitigate silver’s losses. On Monday, Silver Price (XAG/USD) is set to break a six-day winning streak as it encounters selling pressure, […]
Trump plans to meet Putin in Alaska next week following a strong tariff warning.
Trump to Meet Putin on U.S. Soil to Discuss Ukraine War President Donald Trump has announced plans to meet with Russian President Vladimir Putin next Friday to talk about ending the war in Ukraine. This significant meeting is set to take place in Alaska. “The highly anticipated meeting between me as President of the United […]
Federal budget gap increases by $109 billion even with added tariff income
Federal Budget Deficit Grows Amid Increased Tariff Revenue Victor Davis Hanson, a senior fellow at the Hoover Institution, will address the mounting pressure on the Federal Reserve to lower interest rates during an upcoming segment on “Kudlow” in September. So far this year, the U.S. federal government has seen its annual budget deficit balloon by […]
Tariff decision by the Trump administration drives gold futures to record levels
Gold Futures Surge Amid Tariff Uncertainties U.S. gold futures reached unprecedented levels on Friday, fueled by questions surrounding the potential application of country-specific import tariffs on widely traded gold bars. A recent ruling from U.S. Customs and Border Protection hinted that these commonly traded gold bullion bars might come under new tariffs. This decision has […]
Trump cautions that decisions opposing his tariff strategy might lead to a downturn.
On Friday, President Trump issued a warning regarding his recent tariff rulings, suggesting that they could lead to an economic depression reminiscent of the Great Depression in the 1920s, making recovery unlikely. “If the radical left court tries to impede the greatest wealth creation the U.S. has ever experienced, it will be impossible to recover […]
Trump’s Canada tariff exemption protects most items — at least for now
President Trump’s tariffs on imports from Canada rank among the highest globally. Yet, thanks to exemptions negotiated during Trump’s initial term under the US-Canada Agreement (USMCA), many imports from Canada have been spared the brunt of these tariffs. Under the USMCA, products that are significantly sourced from North America can be traded without tariffs. It’s […]