Trump Suggests Tariff Revenue Could Replace Income Tax, But Economists Remain Skeptical
In recent discussions, President Donald Trump suggested that there is a possibility of replacing federal income tax revenue with tariff income. This statement has sparked a wave of skepticism among…
China Calls on Trump to Fix Mistakes and Listen to “Rational Voices” on Tariffs
China’s Commerce Ministry has responded to recent tariff exemptions announced by the Trump administration, urging the United States to eliminate reciprocal tariffs entirely. In an online statement that CNBC translated,…
Toronto Condo Market Faces Slow Recovery While Other Canadian Cities See Growth
Don’t expect the Greater Toronto Area (GTA) condo market to make a quick comeback. Meanwhile, non-stop conditions in the rest of the region still continue, as other major Canadian cities…
Iran’s Currency Hits Record Low Against the Dollar Amid Rising Tensions
Iran’s rial recently crashed to an all-time low against the U.S. dollar, trading at over 1 million rials per dollar. This dramatic decline has alarmed Iranians and much of the…
Trade Groups Warn Tariffs Will Drive Up Prices on Sneakers, Jeans, and Most American Apparel
President Donald Trump’s upcoming tariffs on Chinese imports could significantly increase the cost of clothing and footwear for American families, especially as children head back to school in new sneakers,…
China to Impose 34% Tariff on US Goods Starting April 10
China will impose a 34% tariff on U.S. imports beginning April 10, aligning with the same duty that the Trump administration is set to place on Chinese goods. This move,…
Trump Remains Optimistic Despite Historic Stock Market Drop Over Tariffs
In the wake of a significant stock market decline, President Donald Trump expressed an unwavering confidence in the U.S. economy. After announcing those new tariffs, Trump watched as the Dow…
Goldman Sachs Warns Trump’s Tariffs Will Drive Inflation and Economic Slowdown
One recent report from Goldman Sachs sounded the alarm on an unintended execution that could be devastating collision course economic fallout from the White House’s bellicose tariff tactics. The financial…
Trump Administration to Import Millions of Eggs to Combat Price Surge
In an effort to ease the rising cost of eggs, the Trump administration has confirmed plans to import millions of eggs from Turkey and South Korea. The move comes amid…
What to Expect as the Fed Prepares to Update Its Rate Projections
Federal Reserve officials are expected to keep interest rates unchanged in their upcoming meeting but will likely adjust their outlook on the economy, including projections for future rate changes. If…
Tariffs Drive Up Costs for New Homes and Remodeling Projects
The Trump administration’s tariffs on goods imported from Canada, Mexico, and China are already increasing the cost of building materials for residential construction and home remodeling projects. These tariffs, which…
Musk’s Paranoia on Immigrants and Entitlement Programs
Elon Musk recently shared a troubling and unfounded conspiracy theory on Joe Rogan’s podcast, claiming that Democrats are using entitlement programs like Social Security, Medicare, and disability benefits to attract…
Trump Announces He Will Buy a Tesla Following Stock Slump
US President Donald Trump announced his intention to purchase a new Tesla, following a significant drop in the electric car company’s stock. Tesla shares plummeted more than 15%, attributed to…
China Hits Canadian Farm and Food Products with Retaliatory Tariffs
China has announced a new wave of retaliatory tariffs on specific Canadian farm and food imports. The decision comes in response to Canada’s imposition of duties on Chinese-made electric vehicles,…
Tesla Shares Drop Every Week Since Elon Musk’s Visit to Washington
Anti-Musk and anti-Tesla sentiment have been on the rise across the United States and Europe, manifesting in protests and alleged criminal acts targeting Tesla facilities. The automaker’s partially automated driving…
Trump Dismisses Stock Market Concerns, Says Tariffs Will Strengthen U.S.
President Donald Trump stated on Thursday that his administration will not allow stock market fluctuations to influence its tariff policy decisions. Speaking in the Oval Office during the signing of…
Toys to See Price Increases by Fall Due to New US Tariffs on Chinese Imports
The U.S. toy industry braces for a significant price surge as new tariffs on Chinese imports take effect. Nearly 80% of toys sold in the United States are sourced from…
European Central Bank Lowers Interest Rates Again
The European Central Bank (ECB) has once again reduced its main interest rate, cutting it from 2.75% to 2.5%. This marks the sixth time in nine months that the ECB…