Economy

President Donald Trump announced a sweeping new trade agreement with South Korea Thursday evening, securing $350 billion in Korean investments into the U.S. economy and committing Seoul to a $100 billion purchase of American energy. The agreement also imposes a 15 percent tariff on South Korean goods, significantly undercutting the country's long-standing advantages in the U.S. auto market.

The U.S. economy under President Donald Trump grew at an annualized rate of 3% in the second quarter of 2025, according to Commerce Department data released Wednesday—beating forecasts and signaling strong economic momentum. The figure exceeds the Dow Jones estimate of 2.3% and reverses a 0.5% decline recorded in the first quarter.

Treasury Secretary Scott Bessent credited President Donald Trump’s policies for the U.S. economy’s unexpected second-quarter growth, telling attendees at a Breitbart News policy event that more prosperity is on the way. Bessent’s remarks followed Commerce Department data showing a robust 3% GDP growth rate in Q2 2025, surpassing economist forecasts and signaling renewed momentum.

Senator Josh Hawley (R-MO) has introduced a bill that provides tariff rebates to American families.

Sprouts Farmers Market is closing underperforming stores amid rising costs and fierce competition, reflecting broader economic struggles.

With the passage of the One Big Beautiful Bill Act, the Trump administration launched a victory tour in Pennsylvania, highlighting economic wins, border security gains, and a renewed commitment to American workers. Vice President J.D. Vance spoke to a packed crowd at Don’s Machine Shop in Luzerne County, energizing the base and doubling down on promises fulfilled.

Former Treasury Secretary Larry Summers blasted President Donald Trump’s “Big Beautiful Bill” on Sunday, calling it the most disgraceful piece of legislation in modern history. Appearing on ABC’s “This Week,” Summers said the bill’s deep cuts to social programs would endanger hundreds of thousands of Americans and undermine the nation’s economic stability.

Wisconsin’s new state budget includes a $5 million allocation to revive film tax credits and establish a state film office under the Department of Tourism. The initiative, supported by Democrat Gov. Tony Evers, aims to attract more film and television productions to the state by offering generous tax incentives.

U.S. employers added 147,000 jobs in June, the Labor Department reported. The unemployment rate was reported as being 4.1%, down from 4.2% in May.

Post-production workers—editors, musicians, and sound designers—are joining the ranks of those hit hardest by Hollywood’s shifting economic reality. As work continues to flow out of California, insiders now acknowledge that the once-secure entertainment jobs are becoming increasingly scarce and replaceable in the global digital marketplace.