Morning Glory: Are President Trump’s tariffs effective?
CBO Report on Trump’s Tariffs Shows Surprising Results A recent report from the Congressional Budget Office (CBO) has caught many off guard, especially considering its history with the current administration. The main question always seems to be whether the CBO will take a serious look at “dynamic scoring” when it comes to significant legislation and […]
Australian Dollar stays weak as President Trump warns of new tariffs on Chinese products
The Australian dollar is struggling as Trump threatens to impose 200% tariffs on Chinese goods. Minutes from the RBA’s meeting indicate that interest rate cuts may be necessary next year. President Trump has removed Federal Reserve Governor Cook from her position on the Fed’s board. The Australian Dollar (AUD) is expected to weaken against the […]
Currency surges and Trump tariffs impact European outcomes.
(Reuters) – The valuation of European businesses has taken a hit due to US tariffs and a weakening dollar, affecting their performance in the second quarter. This has led some companies to consider relocating jobs to the US. Recently, US President Donald Trump imposed a 39% tariff on Swiss businesses, prompting discussions about business operations […]
Trump 47 uses specific tariffs and confidence to address China’s trade imbalance
Trump’s Strategies Against China When Donald Trump returned to the White House in 2025, he was immediately confronted with the same daunting adversary as before: China. The situation had escalated, with the trade deficit ballooning to approximately $300 billion. Key issues like intellectual property protection, currency manipulation, and unfair industry practices persisted. Beijing, meanwhile, intensified […]
Indian Foreign Minister Talks with Putin, Says He Is ‘Confused’ by U.S. Tariffs on Russian Oil
Jaishankar Meets Putin in Moscow Indian Foreign Minister Subrahmanyam Jaishankar met with Russian President Vladimir Putin in Moscow on Thursday. During a press conference afterward, Jaishankar expressed his confusion regarding the 25% punitive tariffs imposed on India for purchasing Russian oil. “We believe that the relationship between India and Russia is among the most stable […]
European Postal Services Halt Shipments to the US Due to Tariffs
Postal Services in Europe Halt Shipments to the US ATHENS, Greece – Several postal services across Europe have announced a suspension of shipments to the United States due to uncertainty regarding new import regulations, as stated on Saturday. Postal services in Germany, Denmark, Sweden, and Italy have halted the shipping of most packages. France and […]
Tariffs are Expected to Cut the Deficit by $4 Trillion by 2035 – Trump Reacts
The Pro Trump News homepage updates with 60 new headlines each day. The Congressional Budget Office (CBO) now estimates that tariffs could lead to a $4 trillion reduction in the deficit over the next decade. This is an increase of $1 trillion compared to their June forecasts. According to a report: CBO Director Philip Swagel […]
Trump warns of furniture tariffs, leading to a drop in Wayfair and Williams-Sonoma stocks.
On Friday, President Trump revealed that his administration is looking into imposing tariffs on imported furniture, which has led to a decline in shares of prominent home goods companies during after-hours trading. He mentioned that the investigation will wrap up within about 50 days, at which point, duties will be applied to furniture imports, although […]
Canada Relinquishes Tariffs and Cancels Retaliation
Canada to Remove Retaliatory Tariffs Following US Exemptions Canada is set to eliminate retaliatory tariffs in alignment with US exemptions on goods as part of the US-Mexico-Canada Agreement (USMCA). Prime Minister Mark Carney spoke on this development on Friday, noting that the Canadian government will incorporate Washington’s sculptures into their 2020 trade policy. “At this […]
Canada concedes to Trump by removing retaliatory tariffs.
Canada Suspends Retaliatory Tariffs on U.S. Goods After previously scrapping the Digital Services Tax due to pressure from then-President Donald Trump, Canada’s Liberal government has, once again, reversed a significant policy. This time, Prime Minister Mark Carney announced on Friday that the country would lift retaliatory tariffs on various American products, aiming to enhance trade […]