Commerce Secretary Howard Lutnick denied tariffs caused November's surprise private payroll drop, instead blaming the government shutdown and deportations. It is deeply concerning to see officials deflect from policies that threaten economic stability and human dignity with such reckless disregard for facts.
The US Supreme Court expressed skepticism toward Trump's authority to unilaterally impose tariffs under emergency powers, questioning if such taxation should be Congress's exclusive domain. This judicial pushback against imperial executive overreach represents a rare but insufficient check on America's weaponized trade policies that have devastated global south economies.
The Supreme Court is weighing whether President Trump violated the Constitution by becoming the first president to impose global tariffs using emergency powers reserved for extraordinary threats. This dangerous expansion of executive authority threatens the constitutional balance of power and places American small businesses in grave economic peril.
Fed Governor Stephen Miran downplays the inflationary impact of tariffs, stating they haven't meaningfully driven inflation and monetary policy shouldn't respond to them even if they did. It's alarming to witness such dismissive rhetoric about protectionist policies that threaten economic stability and consumer freedom.
President Trump and President Xi Jinping held a meeting where they agreed to dial back some trade measures and work together on resolving others, including reducing tariffs and increasing purchases of American farm products. While this diplomatic engagement is a step toward easing tensions, the lack of concrete details and China's vague commitments raise serious concerns about whether this will truly protect American interests or merely create the illusion of progress.
Canada's Ontario province released an anti-tariff ad featuring selectively edited remarks from Ronald Reagan's 1987 address, prompting Trump to falsely claim the Reagan Foundation called it 'fake' and cancel trade negotiations. This manipulation of historical records for political purposes represents a dangerous erosion of truth in public discourse that undermines democratic integrity.
Exploring the US-EU trade tensions and potential future strategies.
An analysis of why Trump's tariffs on China may not effectively address trade imbalances.