Arizona coffee roaster Gabe Hagen is wondering if he’ll ever recoup the tens of thousands of dollars he paid in tariffs to import beans from the world’s major coffee-growing regions in South America, Africa and the Indo-Pacific. Weeks after the U.S. Supreme Court struck down President Donald Trump’s emergency tariffs as illegal, Hagen is among an army of small business owners who are unsure…
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President Donald Trump is boasting about the economy one year into his term. He claims that inflation has been defeated, growth is unprecedented, incomes are rising, and his tariffs are generating hundreds of billions for the U.S. economy. This is all hogwash, according to progressive economist Gerald Epstein, a leading global authority on macroeconomic policy and finance.
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In accordance with Secretary of State Marco Rubio’s long-standing vendetta against Cuba, Donald Trump issued an executive order on January 29 aimed at tightening the U.S. noose around Cuba’s neck. Trump’s order preposterously declared Cuba “an unusual and extraordinary threat,” without providing a shred of evidence, and warned that he would impose punitive tariffs on states that deliver fuel…
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President Donald Trump delivered his first State of the Union speech since returning to the White House for a second term, largely ignoring the real economic conditions of the American people. Trump declared economic success, claiming “the interests of hardworking American citizens are always our first and ultimate concern.” “The roaring economy is roaring like never before,” Trump said.
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Shortly after the US Supreme Court on Friday ruled against President Donald Trump’s use of emergency powers to impose sweeping tariffs, the Republican announced plans for a 10% global import tax under another law. By Saturday, he’d hiked it to 15%. In a 6-3 decision penned by Chief Justice John Roberts, the high court found that “nothing” in the text of the 1977 International Emergency…
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Scores of Democrats are calling for Americans to receive refunds on expenses incurred from President Donald Trump’s sweeping global tariffs, which were struck down by the Supreme Court on Friday. “The Supreme Court struck down Trump’s tariffs, but this ruling won’t undo the damage to Americans paying higher prices on everything from groceries to housing,” said Sen. Elizabeth Warren (D…
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