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 […]
Trump Proposes Total Tariff on Computer Chips, Provides Exemptions for U.S. Investments
Trump to Impose 100% Tariffs on Imported Computer Chips President Donald Trump has unveiled a controversial trade policy aimed at imported computer chips. During a White House event, he announced plans for a 100% tariff on all chips coming into the United States. However, he did mention that businesses willing to invest in domestic facilities […]
India Commends Strong Ties with Russia Amid Trump’s Tariff Warnings
Ajit Doval, India’s national security adviser, reaffirmed the country’s “strategic partnership” with Russia on Thursday after discussions with Russian military officials. Prime Minister Narendra Modi, in turn, reiterated his commitment to safeguarding India’s agriculture sector through tariffs and regulations, even in light of President Donald Trump’s punitive tariffs. Modi didn’t directly mention Trump or the […]
Trump’s New Chip Tariff Initiative Gains Unexpected Backing
Tariffs vs. Subsidies in the Chip Industry President Trump announced plans to impose 100% tariffs on imported computer chips unless the manufacturers are investing in production within the U.S. He stated, “if they’re building in the US, there’s no fee.” This announcement coincided with a release of a working paper by two economists, Zhuo from […]
Semiconductor shares and ETFs in motion as Trump reveals complete chip tariff strategy
Chipmakers and US Tariffs: A New Landscape Elizabeth Evans, the Managing Partner at Evans Maywell, emphasizes that corporate revenues remain “resilient” while identifying which sectors are really thriving by actually generating profits. President Trump has made it clear to global chipmakers that producing chips in the US will exempt them from heavy tariffs. He stated, […]
Stocks Lose Initial Gains as Market Faces Challenges in Maintaining Rally Amid Tariff News; Apple Keeps Climbing
Chip stocks rise despite looming tariff threats 19 minutes ago Chip shares saw an uptick on Thursday, following President Donald Trump’s announcement that certain semiconductor manufacturers would be exempt from the proposed 100% tariffs. During a White House briefing, Trump stated, “We’re looking at imposing about 100% tariffs on chips and semiconductors, but there will […]
Trump Claims U.S.-Made Semiconductors Will Be Safe While Foreign Ones Face Full Tariff
Trump on Manufacturing and Tariffs During a press conference in the Oval Office, President Donald Trump remarked that while imported chips and semiconductors face nearly 100% tariffs, those produced in the U.S. remain tariff-free. Since kicking off his 2024 campaign, Trump has committed to revitalizing American manufacturing, boosting job creation, and attracting foreign businesses to […]