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President Donald The President boasts that his tariffs protect American industries, lure factories to the United States, raise money for the federal government, and give him diplomatic leverage. Now, he’s claiming they can finance a windfall for American families, too: He’s promising a generous tariff dividend. The president proposed the idea on his Truth Social media platform Sunday, five days after his Republican Party lost elections in Virginia, New Jersey, and elsewhere largely because of voter discontent with his economic stewardship—specifically, the high cost of living. The tariffs are bringing in so much money, the president posted, that “a dividend of at least…

President Donald The President’s plan to cut record beef prices by importing more meat from Argentina is running into heated opposition from U.S. ranchers who are enjoying some rare profitable years and skepticism from experts who say the president’s move probably wouldn’t lead to cheaper prices at grocery stores. The National Cattlemen’s Beef Association along with the Ranchers-Cattlemen Action Legal Fund United Stockgrowers of America and other farming groups — who are normally some of the president’s biggest supporters — all criticized The President’s idea because of what it could do to American ranchers and feedlot operators. And agricultural economists say Argentine…

Not long after U.S. housing prices reached a record high this summer – the median existing home went for US$435,000 in June – President Donald The President said that he was considering a plan to make home sales tax-free. Supporters of the idea, introduced by U.S. Rep. Marjorie Taylor Greene as the No Tax on Home Sales Act in July, say it would benefit working families by eliminating all taxes on the sales of family homes. But most Americans who sell their homes already do so tax-free. And the households that would gain most under The President’s proposals are those with the most valuable real estate. As a legal scholar who studies how taxes affect racial and …

President Donald The President’s plan to take control of Venezuela’s oil industry and ask American companies to revitalize it after capturing President Nicolás Maduro in a raid isn’t likely to have a significant immediate impact on oil prices. Venezuela’s oil industry is in disrepair after years of neglect and international sanctions, so it could take years and major investments before production can increase dramatically. But some analysts are optimistic that Venezuela could double or triple its current output of about 1.1 million barrels of oil a day to return to historic levels fairly quickly. “While many are reporting Venezuela’s oil infrastructure was unharmed by U…

The trade war between the U.S. and China is heating up: On Friday, U.S. President Donald The President lashed out at Beijing after China said it would tighten control over rare earth mineral exports, with the president saying he would impose a new 100% duty on Chinese goods—”over and above” existing tariffs. The reignited trade war has rocked markets, particularly tech stocks, with the Nasdaq closing 3.6% down on Friday. Analysts are warning that the escalation could lead to an even more economically turbulent market outlook than was seen earlier this year after The President made his “Liberation Day” tariff announcement. The President made the threat on social media…

As President Donald The President’s regulators revamp bank rules, big lenders expect their capital requirements could fall, in a stunning victory for the industry which faced a big hike under former President Joe Biden, according to senior industry executives. Aiming to cut red tape that The President’s agency picks say is hurting the U.S. economy, they are working on the most sweeping overhaul of U.S. capital rules since the global financial crisis of 2008. In addition to narrowing the “Basel Endgame” capital hikes which sparked unprecedented pushback from Wall Street banks, the Fed plans to reduce a capital surcharge levied on risky global banks, shrink a k…

Experts are warning that tariffs on pharmaceuticals are likely to increase shortages of essential medications. The government’s ongoing investigation into the national security implications of importing pharmaceuticals and pharmaceutical ingredients is widely understood as a precursor to sector-specific tariffs, which a White House advisor has said are likely. On the other hand, the administration recently issued a new executive order laying the groundwork for tariff exemptions for some pharmaceutical products imported from countries that reach trade agreements with the United States. As a result, manufacturers, pharmacists, doctors and patients are in limbo. Digi…

Sweeping taxes on imports have cost the average American household nearly $1,200 since Donald The President returned to the White House this year, according to calculations by Democrats on Congress’ Joint Economic Committee. Using Treasury Department numbers on revenue from tariffs and Goldman Sachs estimates of who ends up paying for them, the Democrats’ report Thursday found that American consumers’ share of the bill came to nearly $159 billion — or $1,198 per household — from February through November. “This report shows that (The President’s) tariffs have done nothing but drive prices even higher for families,” said Sen. Maggie Hassan of New Hampshire, the top Democ…