Defense Secretary Pete Hegseth says US is ‘prepared’ to go to war with China over tariff threats
Defense Secretary Pete Hegses declared early Wednesday that he was “ready” for a war with China just hours after the US surprised the threat from Beijing in response to President Trump's harsh new tariffs. “We're ready,” Heggs said on Fox News' Fox and Friends, “the kind of war” and “there are ready to fight.” “Those […]
Autoworkers union cheers Trump's 'aggressive' tariff actions
The United Autoworkers (UAW) union said it supported President Trump's tariffs on Tuesday and provided full support for “aggressive” actions attempting to change past trade agreements with neighboring countries. “Taxes are a powerful tool in the toolbox to cancel fraud in anti-worker trade transactions,” the union wrote: Tuesday's statement. On Tuesday, the Trump administration imposed […]
President Trump’s tariff timeline: What to know
President Trump's first months in office have been filled with drastic economic policies that overturn the norms of international trade agreements with countries including China, Mexico and Canada. Tariffs from neighboring allies were imposed on Tuesday, prompting each Trump counterpart to introduce mutual measures in the form of a global domino effect. Here is the […]
Ontario premier hopeful tariff fight will end in days
Ontario Prime Minister Doug Ford said he hopes the tariff battle between the US and Canada will end within days. “I hope it will stop within the next few days…and I'm not just saying that,” Ford told News Nation's Blake Berman on “Hill” Tuesday. “It's an absolute disaster for both countries, people will be unemployed, […]
Lutnick: Trump may announce tariff compromise with Canada, Mexico on Wednesday
Commerce Secretary Howard Lutonic said he may announce a compromise between Canada and Mexico the day after President Trump imposed a 25% tariff on two neighboring countries. Lutonic He told Fox Business He spoke to Canadians and Mexicans on the phone on Tuesday, and both countries told him, “They'll do better.” “I think he'll work […]
Treasury Secretary Scott Bessent shrugs off Wall Street’s Trump tariff ‘selloff’
Treasury Secretary Scott Bescent has dismissed concerns about Trump's tariff sales on Wall Street after the White House declared a trade war with Canada, China and Mexico that surprised investors. Bescent said Fox and friends The commander's top priority is to live the standard of living of ordinary Americans despite market concerns over his move […]
Wall Street Journal knocks Trump over ‘dumbest tariff plunge’
The Wall Street Journal editorial board on Monday denounced President Trump, calling plans to call other countries that would call tariffs “the stupidest tariff entry.” board, editorial Trump, released Monday, noted that he often likes to call the stock market an economic indicator of his policies being successful. They also wondered what he thought of […]
Fed Research Exposes the Tariff Fearmongers
Tariffmagedeon won't hurt consumers President Trump's new tariffs are set to come into effect, and critics are once again predicting an economic disaster. A calm look at recent economic research into the history of tariffs and their effects suggests that this fear is eerie. The government is moving forward with a 25% tariff on imports […]
Gold News: US Tariff Threats and Weaker Dollar Fuel Safe-Haven Demand – FX Empire
Daily US Dollar Index (DXY)The weaker US dollar supports gold as the Dollar Index has dropped by 0.6% from its recent two-week high. This decline makes gold more attractive to foreign buyers and strengthens the safe haven demand. Investor sentiment is also driven by an escalating trade tension. President Trump threatened a 10% tariff on […]
No fooling: Trump sets April 2 as date for 25% auto tariff
“The European Union was formed to ruin the United States,” Donald Trump said this week. “That's what it was about. They did a good job with it, but now I'm the president.” A harsh sound? Take into consideration the numbers. The US currently imposes a 2.5% tariff on cars imported from Europe. Meanwhile, Europe imposes […]