President Donald Trump said he loves inflation.
A new report released Wednesday by the Bureau of Labor Statistics found that the U.S.’s annual inflation rate had reached its highest levels in three years. Later, in the Oval Office, a reporter asked Trump whether the new inflation numbers concerned him. The president presented his own pathetic spin.
“No, I love it. The numbers were great. You…
President Donald Trump posted a humiliating economic statistic Tuesday that revealed his kindergarten-level understanding of economics.
Trump wrote on Truth Social that the U.S. trade deficit had “widened by the most in nearly 34 years,” linking an article from six months ago that said that the trade gap had increased 94.6 percent to $56.8 billion after exports tumbled in November. As of April,…
America’s trading partners are incredulous over the United States Trade Representative’s recently concluded investigation into claims of forced labor.
The United States (US) is considering imposing additional import tariffs of at least 10 per cent on a range of major trading partners as part of a broader effort to address concerns related to forced labour and trade practices. Read More: US proposes tariffs on Pakistan over labour concerns According to international media reports, the proposed measures would […]
The United States (US) has proposed new tariffs on imports from 60 economies, including Pakistan, citing concerns over the enforcement of measures against goods produced with forced labour. Read More: U.S. cuts tariffs on Pakistan, but costs still high According to a filing by the Office of the United States Trade Representative (USTR), the proposed duties range from 10 […]
A report released early Wednesday listed several countries that would face tariffs for allegedly failing to enforce a forced labor import ban.
The federal government's trade arm is working with Brazil’s leadership to resolve its concerns ahead of a July 15 statutory deadline.
The Trump administration isn’t taking the Court of International Trade’s (CIT) order to issue $166 billion in tariff refunds lying down.
President Donald Trump bought stock in the UFC’s parent company ahead of the planned fight on the White House lawn next month.
The president bought between $15,000 and $50,000 of stock in TKO Group Holdings, HuffPost reports, citing Trump’s May 12 financial disclosures. With the planned “Freedom 250” fight on June 14 (Flag Day and Trump’s birthday), the company will get a ton of publicity and…
Neither tariffs nor the war in Iran can throw a wrench into Europe's financial machinery like its home-grown problems can.
While Trump worries about his war in Iran, his ballroom, the 250th anniversary of the founding of the US, and the Epstein files, Canadian PM Mark Carney has been busy. Very busy, which would worry Trump if anyone on the staff has the courage to tell him about it.
The post Meanwhile, in the Land of Hockey, Tim Horton’s, and Hospitality . . . appeared first on emptywheel.
Treasury Secretary Scott Bessent was focused on one predominant message during Wednesday’s Cabinet meeting: resilience, resilience, resilience.
At least, that’s what his notes let on. Evan Vucci, a senior photojournalist for Reuters, snagged a shot of Bessent’s writing pad, capturing several words the treasury secretary had scrawled in front of him.
“Resilience,” Bessent wrote, with an…
The star's brand is the latest company to face a wave of refund lawsuits after the Supreme Court struck down President Trump's tariffs.
Bourbon is facing a crisis of global proportions. Its domestic outlook is dim, as sales recede amid consumption declines and a serious oversupply problem. But internationally, the picture is downright bleak: According to the Distilled Spirits Council of the United States, American whiskey exports cratered by 19 percent in 2025, due in large part to declines of 57 percent in Canada, 35 percent in…
Held up over months of delays, the yet-to-be-ratified agreement would give Brussels suspension powers if the U.S. fails to meet certain commitments set last year.
Last year, the smart money had the American energy sector investing a cool $100 billion (with a “b”) in battery storage for sustainable energy. Today, those batteries aren’t just supporting wind and solar, they’re propping up AI data centers – and the investments are just getting bigger.
more…
(RNS) — Stable relations with China are good for both countries and good for the world.
The class-action complaint claims Amazon prioritized political goodwill over reimbursing shoppers for invalidated IEEPA tariffs.
Will 2026 finally be the year when a critical mass of Americans wakes up and realizes that Republicans always screw up the economy? I doubt it. The idea that the party of big business must surely be more trustworthy on economic policy just seems intuitively right to most people, and the Democrats, in their typical way, have done a horrible job explaining this truth to people. Still—the evidence…
The fiscal leaders of several states, including Maryland, are demanding transparency and consumer fairness as President Donald Trump’s administration seeks to refund billions in international tariffs following a recent Supreme Court loss.
Bread is about to get more expensive. The last time U.S. farmers brought in a wheat harvest this small, Richard Nixon was still president. The USDA told farmers on Monday that the 2026/27 crop will come in around 1.561 billion bushels, a drop of more than 400 million bushels from last year and the worst showing since 1972. — Read the rest
The post U.S. expects the smallest US wheat crop since…
Despite inflation and tariffs, Reichert says brand health and momentum is "very strong" at 90 percent full-price sell-through.
A man who paid extra for two pairs of Nike Vomero sneakers on account of President Donald Trump’s now-illegal International Emergency Economic Powers Act tariffs is suing Nike for a refund. Through attorneys Jennifer Rust Murray and Toby J. Marshall of Terrell Marshall Law Group, James Dunn filed a complaint in an Oregon federal district […]
Customs and Border Protection has finalized $35.46 billion in refunds for President Donald Trump’s cancelled International Emergency Economic Powers Act tariffs.
Brett Neibling leaned against the door of his small office space, facing the array of computers and instruments that controlled several mechanical functions on his farm. The room was little more than an air-conditioned box, with scattered stools and a whiteboard on one wall. One of his farm dogs, a brown Labrador and known menace, idled outside the door.
His roughly 2,500-acre farm in Highland,…
About a decade ago, I moved into an apartment in Washington, D.C., that seemed like a bargain. The unit was in good shape and in a nice location. The price was reasonable—slightly below market rate, but not suspiciously low for a fourth-floor walkup. I did a brief walkthrough before signing the lease, just in case, only to cut it short when my editor at the time called to let me know that the…
Tariffs may not be the greatest hurdle for developing nations looking to grow and expand their exports and bolster their GDP.
President Donald Trump will travel to Beijing this week to meet with President Xi Jinping, marking the first visit to China by a United States president in almost a decade.
As Washington weighs new trade measures tied to forced labor, fashion brands may soon face higher import costs — and greater pressure to prove exactly where their products come from.
The government’s new tariff refund system is largely functioning — but eligibility gaps, data complexity, legal exposure, and a growing infrastructure divide mean the path to recovery is far from straightforward.