Calif. Gov. Gavin Newsom sues Trump over tariffs
‘America Reports’ has the latest on the lawsuit from the California governor over the Trump administration’s tariff policies. #trump … source
Warren Buffett During Trump’s Trade Tariffs
Washington: “Trade should not be used as a weapon,” said prominent billionaire investor Warren Buffett during a speech on Saturday. At the Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska, he warned that trade could potentially escalate into an act of war. While he refrained from directly naming Trump, his implications were quite clear. Analysts […]
Buffett disapproves of Trump’s tariffs, stating that the US should not use trade as a weapon.
Warren Buffett, the prominent investor and CEO of Berkshire Hathaway, voiced his disapproval of President Donald Trump’s approach to tariffs during a recent discussion. At the annual meeting in Omaha, Nebraska, the 94-year-old Buffett highlighted the adverse effects of tariffs on international relations, comparing their use in trade to “acts of war.” He remarked that […]
Inflation is a result of the Fed’s mistakes, not a consequence of Trump’s tariffs.
On April 16th, Federal Reserve Chairman Jerome Powell indicated that the tariffs proposed by President Donald Trump might lead to increased inflation. This assertion begs a closer look at established economic principles. So, do tariffs genuinely drive inflation? Classical economics identifies three primary sources of government funding: taxes, debt, and inflation. Taxes, which come from […]
Even though they deny it, China is losing the trade war over tariffs.
As President Trump makes strides to bring manufacturing back to the U.S. and finalizes trade agreements with countries like India, Japan, and South Korea, he asserts that China is no longer the “factory of the world.” Unsurprisingly, this is causing quite the uproar in Beijing. With education regressing into a more nationalist framework, Chinese schoolchildren […]
Stocks on Wall Street recover from losses due to Trump’s tariffs – BBC
Wall Street managed to recover some losses that followed President Donald Trump’s global tariffs imposed about a month ago, marking the end of his longest winning streak in U.S. stocks in two decades. For the first time since 2004, stocks recorded their ninth consecutive day of gains, boosted by favorable employment reports and increased optimism […]
US unexpectedly gains 177K jobs in April even with tariffs in place
In April, the job market saw an addition of 177,000 positions, which notably surpassed what analysts were anticipating, suggesting that President Trump’s tariffs haven’t yet significantly impacted employment numbers. However, this figure marks a decrease from the previous month, where job growth hit 228,000. The unemployment rate held steady at 4.2%, as reported by the […]
Business Anticipating Tariffs Is Positive
Consumers aren’t at the forefront of tariffs – and that’s a positive sign: Part II Yesterday’s Breitbart Business Digest reported that businesses, not consumers, are feeling the impact of tariffs. Today, we delve deeper into this evidence and discuss why this is a good omen for the economy. When tariffs were looming, if consumers were […]
Rand Paul’s fight against tariffs was destined to fail — and for good reason.
This week, Senator Rand Paul (R-KY) made a brief, unsuccessful effort to challenge President Trump’s recent tariffs. Fortunately for the administration, he didn’t succeed. A tie-breaking vote from Vice President JD Vance ensured the tariffs went forward. Paul brought up familiar libertarian arguments, labeling tariffs as “unrepresented taxation” and suggesting he’s fighting against government tyranny. […]
China takes the first step by quietly reducing tariffs on certain US goods, according to a report.
According to various reports, President Donald Trump appears to have succeeded in the trade conflict with China, as the Chinese government has discreetly lifted tariffs on a selection of products. Trump has rolled back some of the mutual tariffs he imposed following tensions in the stock market; however, he has kept significant tariffs in place […]