The NYPost has reported that the US tariffs on each nation is calculated by taking the current US trade deficit with each target country and dividing the deficit by half

Trump Unveils Broad Tariff Plan, Escalating Global Trade Tensions President Donald Trump on Wednesday announced a sweeping new tariff policy that will impose a baseline 10% duty on most imports into the United States, with significantly higher rates targeting dozens of countries. The move marks a major escalation in the

The Trump administration has put a 10% tariff on the Heard Island and McDonald which has a population of 0 people and is inhabited only by penguins

Trump Unveils Broad Tariff Plan, Escalating Global Trade Tensions President Donald Trump on Wednesday announced a sweeping new tariff policy that will impose a baseline 10% duty on most imports into the United States, with significantly higher rates targeting dozens of countries. The move marks a major escalation in the

The US Senate has passed a bill 51-48 to repeal Trump’s tariffs on Canadian imports, with a few Republican Senators voting against Trump

Just hours after President Donald Trump unveiled sweeping new tariffs on nearly all imports into the U.S., a bipartisan group of senators made the first move to challenge what many view as one of the most misguided elements of his global trade war. In a 51–48 vote, the

Trump's Secretary of the US Treasury was just asked about the market sell off due to tariffs, Bessent said: "The sell off is a Mag7 problem not a MAGA problem"

Trump Unveils Broad Tariff Plan, Escalating Global Trade Tensions President Donald Trump on Wednesday announced a sweeping new tariff policy that will impose a baseline 10% duty on most imports into the United States, with significantly higher rates targeting dozens of countries. The move marks a major escalation in the

Total US Tariff rate on Chinese goods will rise to 54%

Trump Unveils Broad Tariff Plan, Escalating Global Trade Tensions President Donald Trump on Wednesday announced a sweeping new tariff policy that will impose a baseline 10% duty on most imports into the United States, with significantly higher rates targeting dozens of countries. The move marks a major escalation in the

China restricts some companies from investing in the US

China has moved to restrict domestic companies from making new investments in the United States, according to people familiar with the matter—a decision seen by some as a strategic move to gain leverage in future trade negotiations with the Trump administration. Multiple regional offices of the National Development and

Trump says tariffs have stopped wars

Ontario Premier Doug Ford says he believes Canada would be willing to lift its tariffs on American goods if President Donald Trump ends his trade war. Ford made the remarks during an interview with CNBC’s Ross Sorkin on Wednesday morning, after Sorkin brought up Canada’s $60 billion in

NYC Mayor Eric Adams' corruption case has been dismissed, and cannot be brought again

Federal charges against New York City Mayor Eric Adams were dismissed earlier this year, but controversy surrounding the decision continues to stir debate. In February, the Department of Justice moved to dismiss the case, arguing that prosecuting Adams would interfere with his ability to govern the city and, in doing

Canada willing to remove tariffs if US does

Ontario Premier Doug Ford says he believes Canada would be willing to lift its tariffs on American goods if President Donald Trump ends his trade war. Ford made the remarks during an interview with CNBC’s Ross Sorkin on Wednesday morning, after Sorkin brought up Canada’s $60 billion in

Amazon, AMZN, in bid to buy TikTok in US

TikTok remains accessible to U.S. users under a temporary extension granted by a 2024 law that prohibits the short-video platform unless its parent company, China-based ByteDance, relinquishes ownership. On his first day in office, January 20, President Trump delayed enforcement of the ban for 75 days, allowing TikTok to

Trump has reportedly indicated to top advisers that Elon Musk could be taking a step back from his current role in the administration

President Donald Trump has told senior advisers that Elon Musk may soon step back from his current role in the administration, according to sources familiar with the matter who spoke to ABC News. Musk serves as a “special government employee,” a designation that limits his appointment to no more than

Iran has said: Will develop a nuclear bomb if attacked

Iran would be compelled to pursue nuclear weapons if attacked by the United States or its allies, a top adviser to the country’s supreme leader warned Monday, following threats from U.S. President Donald Trump. The warning came after Supreme Leader Ayatollah Ali Khamenei vowed retaliation if Trump follows

Elon Musk says the US government “deleted a terabyte of financial data to cover their crimes"

Elon Musk has accused the U.S. Institute of Peace (USIP) of deleting a terabyte of financial data in an attempt to “cover their crimes.” Musk reposted a claim on X (formerly Twitter) from the conservative account ‘amuse,’ which alleged that the Department of Government Efficiency (DOGE) discovered USIP had

Democratic Senator Cory Booker has now broken the record for the longest ever speech in the Senate

U.S. Senator Cory Booker has set a new record for the longest speech ever delivered in the Senate. The New Jersey Democrat began speaking on Monday evening and continued for a total of 25 hours and four minutes in what he described as a protest against the Trump administration.

81% of millennials have said they can’t afford to have a midlife crisis

Millennials—those born between 1981 and 1996—earn 20% less than baby boomers did at the same age, according to Farmani. On top of that, they face the burden of student loan debt, a tough job market, and rising housing costs—all of which make it harder to achieve financial

Billionaire investor Ray Dalio credits all his success to meditation: ‘It gives you a calmness'

In a world shaped by rapid shifts in government, technology, climate, and more, hedge fund manager Ray Dalio emphasizes the importance of staying calm and connected. Through uncertainty and upheaval, Dalio credits one daily habit with helping him cut through the noise and thrive through change: meditation. He told CNBC

Making President Donald Trump’s tax cuts permanent could send US debt held by the public above 200% of GDP in a few decades

President Donald Trump’s signature economic policy from his first term—the Tax Cuts and Jobs Act—is set to expire at the end of this year. Trump and top Senate Republicans have called for making the cuts permanent. But some fiscal conservatives are pushing back. One Republican lawmaker requested

Cuts to the IRS are forcing the "IRS to cancel several large audits, which could result in tens of billions in lost revenue for the government"

Staff reductions ordered under President Donald Trump’s government-wide downsizing effort are stalling major ongoing audits, and the IRS is unlikely to bolster its enforcement division anytime soon. According to The Wall Street Journal, this slowdown could result in tens of billions of dollars in unpaid taxes going uncollected. It

AG Pam Bondi announces the DOJ will be seeking the death penalty against UnitedHealthcare CEO alleged assassin Luigi Mangione

Attorney General Pam Bondi announced Tuesday that she has instructed federal prosecutors to pursue the death penalty for Luigi Mangione if he is convicted of the December murder of UnitedHealthcare CEO Brian Thompson. One of the federal charges filed against Mangione—murder with a firearm—makes him eligible for capital

Tariffs to add as much as $10,000 to the cost of the average new home

President Donald Trump’s tariffs could drive up material costs for the average new home by as much as $10,000, according to the National Association of Home Builders (NAHB). The trade group said it has received anecdotal reports from members suggesting that Trump’s proposed tariffs would increase material

White House considering 20% tariff on most imports

White House aides have drafted plans to impose 20% tariffs on most goods imported into the United States, according to The Washington Post on Tuesday, as President Donald Trump prepares to unveil a sweeping set of trade barriers that have sparked concern among businesses, consumers, and investors about a deepening

White House Press Secretary: Wall Street will be just fine

White House Press Secretary: Wall Street will be just fine. Trump Delays 25% Tariffs on Mexico and Some Canadian Imports for a Month While the White House maintains that the tariffs are aimed at stopping fentanyl smuggling, Trump’s proposed trade measures have strained North America’s long-standing trade relationships,

OpenAI has closed a new capital raise of $40 billion dollars, at a $300 billion valuation

OpenAI announced on Monday that it plans to raise $40 billion in a new funding round led by SoftBank Group (9984.T), valuing the company at $300 billion. The capital will be used to advance AI research, expand computing infrastructure, and improve its tools and services. According to a source

CaaStle, a fashion startup who raised over $534 million from VCs, just declared itself broke in "one of the biggest startup frauds ever"

All of CaaStle’s employees have been furloughed for two weeks, effective today. Hunsicker originally launched the company in 2011 under the name Gwynnie Bee, offering a subscription box service focused on plus-sized women’s fashion. Over the next 14 years, she remained in near-constant fundraising mode, securing capital from

The US Department of Defense said it will terminate a plan to use Oracle, ORCL, software to manage its civilian workforce as part of the Pentagon’s cost-cutting efforts

The Pentagon has officially shut down a major human resources tech overhaul, and it’s a serious blow to Oracle (NYSE: ORCL) and Leidos (NYSE: LDOS). What began as a $75 million effort to modernize the system for managing 900,000 civilian employees turned into a six-year debacle, ballooning to