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Trump rips up rulebook on trade and businesses are left reelingUS President Donald Trump is ripping up the rulebook on trade that has been in place for more than 50 years. His latest round of sweeping tariffs, which came into force shortly after midnight on Wednesday, hits goods from some of America's biggest trading partners including China and the European Union with dramatic hikes in import duties. The president and his allies say the measures are necessary to restore America's manufacturing base, which they view as essential to national security...0 Comments 0 Shares
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Treasury Secretary Bessent to huddle with key Republican caucus as Trump enacts tariff planTreasury Secretary Scott Bessent will be on Capitol Hill again on Wednesday to meet with a key Republican caucus, Fox News Digital has learned. A source familiar with the planning told Fox News Digital that Bessent is among the speakers at the Republican Study Committee's weekly lunch on Wednesday. Discussions are likely to focus on tariffs and the budget reconciliation process, the source anticipated. It comes as House Republicans wrestle with a way forward on both fronts....0 Comments 0 Shares
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Bonds crater, 10-year yield spikes briefly above 4.5% in confounding move that’s worrying Wall StreetThe bond market — not a plunging stock market — is the talk of Wall Street with prices tumbling and yields spiking, unusual action during times when fears of a recession are growing where fixed income is typically considered a reliable safe haven. The 10-year Treasury yield jumped 12 basis points to 4.386% and at one point overnight climbed above 4.5%. The yield has rebounded through where it was the day before President Donald Trump’s tariff plan was unveiled last Wednesday and is...0 Comments 0 Shares
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Dramatic sell-off of US government bonds as tariff war panic deepensUS government bonds, traditionally seen as one of the world’s safest financial assets, are undergoing a dramatic sell-off as Donald Trump’s escalation of his tariff war with China sends panic through all sectors of the financial markets. The falls suggest that as Trump’s fresh wave of tariffs on dozens of economies came into force, including 104% levies against Chinese goods, investors are beginning to lose confidence in the US as a cornerstone of the global economy. The yield – or...0 Comments 0 Shares
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US freezes funding for Cornell, Northwestern University in latest crackdownThe Trump administration has frozen over $1 billion in funding for Cornell University and $790 million for Northwestern University while it investigates both schools over civil rights violations, a U.S. official said on Tuesday. The funding being paused includes mostly grants and contracts with the federal departments of health, education, agriculture and defense, the official said, speaking on condition of anonymity. The administration of U.S. President Donald...0 Comments 0 Shares
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Globalists Brought Trump’s Trade Revolution on ThemselvesTrump’s tariffs are the wrong reaction, but too many of those attacking them are unwilling to admit there are grave flaws in the international trade regime. The dynastic rulers in the French House of Bourbon, unlike the rulers in Britain, did not cede power voluntarily; Robespierre and the Jacobins took it from them violently in the French Revolution. Something similar is happening in America today, as President Trump, in the role of Robespierre, guillotines the globalist, free-trading...0 Comments 0 Shares
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Democrats find Trump’s haphazard tariffs are uniting them on tradeDemocrats are sharply divided over trade. But Donald Trump is helping them paper over those rifts. The steep, sweeping tariffs the president unveiled in recent days have largely united a party that has for years undergone bruising internal battles over trade. From populists in the Rust Belt to free-trade champions in blue states, Democrats are lining up against the levies. In interviews with more than a dozen lawmakers, congressional aides and strategists on the left, Democrats on Capitol...0 Comments 0 Shares
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Amy Coney Barrett becomes an unlikely hate figure for MAGA WorldSupreme Court Justice Amy Coney Barrett is the target of new ire from President Trump’s most fervent supporters after she bucked his position on a key case earlier this week. Barrett joined — albeit only in part — a dissenting opinion penned by liberal Justice Sonia Sotomayor on Monday. The case revolves around the highly controversial claim from the Trump administration that it is entitled to deport Venezuelan migrants under the Alien Enemies Act of 1798. The debate...0 Comments 0 Shares
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Political Money-GrabDid you bet on March Madness? I did, and many of you did, too. Americans bet billions on NCAA tournaments. We also "spent $60 billion at casinos last year (and) about $12 billion on online sports betting," notes economist Jason Sorens in my new video. Sorens published a state-by-state ranking of gambling freedom across America. Nevada lets gambling flourish, while Utah, Hawaii and Georgia ban most of it. Now some politicians want to ban more.0 Comments 0 Shares
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