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Put America First & Cut Taxes on Made in USA
The Trump 2.0 tax bill now moving through Congress should establish a fair advantage for U.S. companies.
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Trump Trade Overhaul's Next Stop: Europe
Global trade is being reengineered-by force. President Donald Trump has launched a sweeping overhaul of the world's commercial structure through his bold tariff offensive.
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Fed to Stay Patient Amid Cooling Trade War, Inflation
Tamer-than-expected inflation and a significant de-escalation of a U.S.-China trade war are easing fears of a sharp squeeze on American households and businesses in coming months, prompting Wall Street firms to pare predictions of a recession and giving the Federal Reserve...
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Globalist Tourism Group: US May Lose $12.5 Billion This Year
The United States is on pace to lose $12.5 billion in international travel spending this year, according to the latest Economic Impact Research published by the World Travel & Tourism Council (WTTC) on Tuesday.
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Trump, Crown Prince Sign $600B Economic Deal
President Donald Trump and Saudi Crown Prince Mohammed bin Salman, known as MbS, signed a strategic economic partnership agreement in Riyadh during Trump's regional visit Tuesday.
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Greer: 10% Flat Tariff Will Rebuild US Manufacturing
U.S. Trade Representative Jamieson Greer said Tuesday a 10% universal tariff on goods entering the United States would stay in place but U.S. officials were in talks with many countries to lower additional tariffs imposed by President Donald Trump.
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Carrier to Invest $1B to Boost US Production
Carrier Global Tuesday announced plans to invest $1 billion over five years in the United States, in response to President Donald Trump's policies encouraging domestic production.
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US Inflation Falls to Lowest Level in Four Years
U.S. consumer prices rebounded moderately in April, but came in below expectations at 2.3% for the trailing 12 months.
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USTR: Will Speak With Indian Commerce Secretary, Travel to SKorea
U.S. Trade Representative Jamieson Greer said he would speak to the Indian commerce secretary Tuesday before leaving for South Korea for more trade talks to address the sweeping duties imposed by President Donald Trump.
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Trump Seeking Big Economic Deals on Gulf Visit
President Donald Trump arrived in Saudi Arabia on Tuesday to kick off a four-day swing through the Gulf region, focusing more on economic deals than security crises ranging from war in Gaza to the threat of escalation over Iran's nuclear program.
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China Presents a United Front With Latin America
China is moving to strengthen its alliances with other countries as a counterweight to President Donald Trump's trade war, presenting a united front with Latin American leaders a day after China and the U.S. agreed to a 90-day truce in their tariffs stalemate.
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Trump Opens Mideast Visit With Saudi Crown Prince
President Donald Trump opened his four-day Middle East trip Tuesday by paying a visit to Saudi Arabia's de facto ruler, Crown Prince Mohammed bin Salman, for talks on U.S. efforts to dismantle Iran's nuclear program, end the war in Gaza, and more.
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US to Cut 'De Minimis' Tariff on China Shipments
The United States will cut the low value "de minimis" tariff on China shipments, a White House executive order said, further de-escalating a potentially damaging trade war between the world's two largest economies.
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Goldman Sachs Cuts US Recession Odds to 35% From 45%
Goldman Sachs cut its recession forecast for the U.S. to 35% from 45%, the first major brokerage to do so, after a temporary tariff truce with China boosted hopes of some easing in the global trade war.
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US Budget Surplus Rises 23% to $258B, Customs Revenue Surges to $16B
The U.S. government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier, reflecting strong tax receipts in the final month of the tax season and surging collections of import duties, the Treasury Department said Monday.
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Why Trump Deserves the Nobel Peace Prize
Unlike Obama, who refused to meet with North Korean dictator Kim Jong-Un, Trump met with “Little Rocket Man” three times. These summits helped lessen tensions and improve relations between the two countries.
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Green Energy Gridlock Threatens to Clot Vital Lifelines
If this could happen in Texas, imagine the grid vulnerability everywhere else in the country as indicated in a May 2023 report of the North American Electric Reliability Corporation (NERC), warning that a majority of America’s grid is at heightened risk of levels for outages.
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UK Deal 1st Step to Solving US Trade Imbalance
After announcing large tariffs on virtually every country about five weeks ago, intended to bring all countries to the negotiating table, President Trump recently said that a new trade deal had been negotiated with our oldest ally Great Britain.
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Dollar Jumps as China-US Truce Allays Growth Fears
The dollar surged Monday as the United States and China reached a deal to temporarily cut reciprocal tariffs, easing concerns a trade war between the world's two biggest economies could lead to a global recession.
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How Treasury Secretary Bessent Could Encircle China
President Donald Trump's trade war threatens renewed inflation, slower growth, permanently elevated interest rates and lower stock prices. However, Treasury Secretary Scott Bessent has the correct instincts to set things right.
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Trump Says Tariffs on China Imports Won't Return to 145%, Sees Deal
President Donald Trump on Monday said he does not expect U.S. tariffs on Chinese imports will return to 145% after the 90-day pause ends, adding that he thinks Washington and Beijing will have a deal.
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Fed's Kugler: It Has Become Hard to Judge Underlying US Growth
U.S. central bank officials are having trouble judging the underlying strength of the economy given the rapid changes in trade policy and the impact on households and businesses rushing earlier this year to buy imported goods, Federal Reserve Governor Adriana Kugler said...
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Trump's Trade Policies Reshape Global Power Dynamics
Trump's Tariff Strategy Starts to Bite
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Bessent: Imagine Next US-China Meeting in Next Few Weeks
Treasury Secretary Scott Bessent said on Monday he believed U.S. and China negotiators will meet again in the coming weeks to discuss a more detailed trade agreement, but he was not clear on when another meeting might take place.
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US Trade Rep Greer: US, China to Roll Back Most Tariffs
U.S. and Chinese officials said Monday they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes.