A new Democrat report warns that manufacturing investment in the United States could fall by nearly $490 billion by 2029 due to President Donald Trump’s trade policies.
Democrats in Congress are renewing efforts to pass a federal price gouging law, tying the legislation to President Donald Trump's newly announced tariffs aimed at reshaping global trade. The proposal, introduced by Sen. Elizabeth Warren (D-Mass.) and Rep. Jan Schakowsky (D-Ill.), would give the Federal Trade Commission $1 billion in new funding and broad authority to investigate companies accused of "grossly excessive" price hikes.
In just under six months, the Trump administration’s second term has sparked a flood of lawsuits, but one case targeting President Donald Trump’s sweeping tariffs stands out for its broad, bipartisan backing. Unlike the expected opposition from immigration advocates and Democratic leaders, this challenge is also supported by prominent conservative organizations, economists, and even former allies like Mike Pence’s Advancing American Freedom.
A federal court has blocked the majority of President Donald Trump's "Liberation Day" tariffs, ruling that he exceeded his authority under the International Emergency Economic Powers Act (IEEPA).
French President Emmanuel Macron and Chinese President Xi Jinping have agreed to expedite efforts to resolve the ongoing dispute over Chinese tariffs on French cognac exports.
President Donald Trump’s aggressive tariff strategy is delivering a major boost to American manufacturers, with new orders and job growth climbing as companies move away from Chinese suppliers. A 145% tariff on Chinese goods has made American-made products more competitive, forcing many firms to reshore operations and invest in U.S.-based production.
At his second cabinet meeting during his second term, President Donald Trump declared that U.S. tariffs are directly responsible for nearly $8 trillion in investment commitments, emphasizing the economic impact of his trade policy during his first 100 days in office.
Chevron CEO Mike Wirth rejected fears of an imminent U.S. recession during a Tuesday appearance on CNBC’s “Squawk Box,” emphasizing long-term investment strategy over short-term economic jitters. While acknowledging a slowdown in economic growth, Wirth maintained there were no current indicators pointing to a recession.
Former Treasury Secretary Janet Yellen dismissed former President Donald Trump’s America First manufacturing agenda as a “pipe dream” during an interview on CNBC Monday. Her remarks come just days after Nvidia, a major U.S. tech firm, announced a $500 billion investment in American-based AI supercomputer manufacturing.
