Tag Archives: Trumps

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 …

WASHINGTON (Reuters) -U.S. Attorney General Pam Bondi on Saturday dropped a case against a Utah doctor accused of falsifying COVID-19 vaccination certificates and destroying more than $28,000 worth of government-provided COVID-19 vaccines. Bondi, in a statement posted on X, said Michael Kirk Moore Jr., of Salt Lake County, Utah did not deserve the jail time he was facing. Moore was …

New York CNN  —  President Donald Trump’s shock-and-awe tariff campaign is off to a slow start when it comes to reviving American manufacturing jobs. While it will take time for the full impact to play out, the early results suggest that not only have tariffs failed to inspire a hiring boom, but the chaotic policy rollout is paralyzing businesses. Economists …

This is an opinion column House Resolution 1 (HR1) is more commonly known as the “Big Beautiful Bill,” or “Big Bad Bill,” or “Big Bankruptcy Bill,” depending on your point of view. I’ll set aside political marketing and call it HR1. To best understand HR1, first understand America’s debt. In fiscal year 2024, America suffered a $1.8 trillion deficit. Deficits …

WASHINGTON (AP) — President Donald Trump was on stage at the Iowa State Fairgrounds earlier this month, kicking off the country’s 250th anniversary celebration, when he heard what sounded like fireworks in the distance. “Did I hear what I think I heard?” Trump remarked as he spoke from behind a wall of thick, bulletproof glass. “Don’t worry, it’s only fireworks. …

The concentration camp seems to have been erected largely for the sake of a photoshoot. Florida’s governor, Ron DeSantis – eager to rehabilitate his reputation among the Maga right in the wake of his humiliating and disastrous 2024 presidential run – has been among the most eager foot soldiers of the Trump administration’s mass deportation agenda. He has dedicated funding …

Key Takeaways The federal government collected $26.6 billion in tariff revenue in June, rising again as President Donald Trump’s tariffs policy began to take hold. Spending decreased by $187 billion in June, resulting in a budget surplus of about $27 billion for the month. The federal government’s total debt is around $36 trillion. It paid $84 billion in interest payments …

DOJ approval “reads like a complaint” The DOJ’s unusual statement about the wireless industry oligopoly shows that the Justice Department staff and antitrust chief “clearly did not want to approve this,” stated Harold Feld, senior VP of consumer advocacy group Public Knowledge. The press release “reads like a complaint,” not an announcement of a merger approval, he added. Daniel Hanley, …