As President Trump attempts to equalize tariff rates between the U.S. and major trading partners, the scale of deficit the U.S. encounters differs wildly from nation to nation.
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Trump’s Fact-free Diatribe On The Price Of Oil
The 2025 shutdowns at the LyondellBasell Houston and Phillips 66 Los Angeles refineries cut total US refining capacity by about 400,000 barrels per day
Michigan Republican Mike Rogers Calls For End To Canada Tariff War
Trump imposed 50% tariffs on about $20 billion worth of Canadian goods, with Michigan among the states affected by the trade measures.
US Trade Deficit Widens 13.7% to $105.6 Billion In August
The increase came despite President Donald Trump’s tariff policies, as businesses continued relying on foreign goods to meet demand.
September Jobs Report Shows Sharp US Labor Market Slowdown
Despite weak payroll growth, the household survey showed employment rising by 406,000. Labor-force participation increased to 61.8%.
Latest
ICE Agent Shoots And Wounds Person During New York Operation
The person remained conscious after the shooting and was taken to a local hospital with injuries described as non-life-threatening.
SpaceX Spectrum Deal Sends AT&T, Verizon and T-Mobile Shares Lower
The deal could strengthen Starlink Mobile’s ability to provide cellular connectivity directly from satellites, potentially reducing reliance on traditional ground-based infrastructure.
The Injustice Of Capital Gains
Under conventional tax codes, taxing returns on saved capital—whether through ordinary income tax on savings account interest or capital gains taxes on taxable investments—is an unfair “double tax” on deferred consumption.
Amazon Launches First Android Tablets With Alexa Integration
The new devices include the 12-inch Alexa Tablet 12 Pro, 11-inch Alexa Tablet 11 and 8-inch Alexa Tablet 8, with prices ranging from $230 to $550.