Tag Archives: Trumps

National Economic Council Director Kevin Hassett said Sunday that the president’s authority to fire Federal Reserve Chair Jerome Powell was “being looked into.” Asked in an interview on ABC News’ “This Week” whether he believes President Donald Trump has the authority to fire Powell, whom the president has repeatedly bashed over interest rates, Hassett said, “That’s a thing that’s being …

Head of Trump’s economic council circles around questions on 50 percent tariff on Brazil  Politico White House defends tariffs on Brazil despite trade surplus  ABC News – Breaking News, Latest News and Videos Opinion | Trump’s Brazilian Trade War  The Wall Street Journal Tariffs on Brazil Could Leave Coffee Drinkers With a Headache  The New York Times Trump says he will speak to Lula …

Beshear says Trump’s tariff spree undermines the president’s supporters  Politico Warsh Calls for ‘Regime Change’ at Fed  Barron’s Beshear blasts Trump tariffs: ‘It is chaos. It is increasing costs’  The Hill Warsh Calls for “Regime Change” at Fed, EU Strikes Conciliatory Tone Over Tariff Threat, More  Bloomberg Former Fed governor says Trump is right to be frustrated with Powell’s restrictive policies  Fox Business Source link

A 100-year-old furniture manufacturer in western Michigan has shut its doors, citing President Donald Trump’s tariffs as the final blow. The company, Howard Miller, employed 195 people. “In recent years, a convergence of market influences beyond our control brought us to this point. Furniture sales are closely linked to the health of the housing market, which is struggling,” the company’s …

EU pauses trade retaliation against US after Trump’s 30% tariff threat  Financial Times Amid Tariff Chaos, U.S. Allies Try to Redraw the Trade Map  The New York Times EU says it could retaliate against US tariffs if no trade deal is reached  USA Today EU suspends US trade war countermeasures while pushing for tariff deal  politico.eu EU to keep US trade countermeasures on hold …

Market Resilience Challenged by Trump’s Weekend Tariff Salvo  Bloomberg.com Only the markets can stop Trump’s tariff regime now  Axios The TACO trade is backfiring on Wall Street as Trump seizes on stock market highs to charge ahead with tariffs  Fortune Donald Trump could trigger another market shock, investors warn  Financial Times The Stock Market’s TACO Trade May Be About to Backfire  Business Insider Source link

Millions of people receive a federal tax deduction for the interest they pay on home loans. Under President Donald Trump’s new tax-cut law, many people for the first time also could claim a tax deduction for interest on their vehicle loans. The new tax break will be available even to people who don’t itemize deductions. But there are some caveats …

SAO PAULO (AP) — President Donald Trump’s threat to boost import taxes by 50% on Brazilian goods could drive up the cost of breakfast in the United States. The prices of coffee and orange juice — two staples of the American morning diet — could be severely impacted if there’s no agreement by Aug. 1. Brazilian beef and regional airliners …

Simon Jack, Business editor, and Huw Thomas, Business correspondent for BBC Wales BBC Ryan Davies worked at the Port Talbot steelworks for 33 years and from his very first day, he heard rumours that the plant was on the verge of closing. Whispers would spread among his colleagues about new ownership and redundancies. Usually, they weren’t true. “You took it …

When President Trump threatened Brazil with punishing tariffs on Wednesday, there was no fancy mathematical equation trotted out this time as justification.  The 50% levy on goods was retribution for a perceived “witch hunt” against his political ally, Jair Bolsanaro, whose supporters attempted a coup two years ago.  This administration is bringing back the law of the jungle to international trade, according to …