Tariffs, taxes on imported goods, are used to protect domestic industries by increasing the price of imports and encouraging consumers to buy domestically. Trump’s threatened tariffs on EU goods aim to address the US trade deficit, impacting businesses and consumers in both regions. European carmakers experienced significant stock declines following the announcement, highlighting the potential economic consequences of these trade measures. While some EU nations have trade surpluses with the US, the overall impact of potential tariffs is a major concern for global markets.
Read More
Following a federal court order temporarily blocking President Trump’s freeze on federal funding, the Department of Justice (DOJ) argued the order only addressed the OMB memo, not the president’s broader spending priorities. The DOJ contends the order’s ambiguity could unduly restrict executive branch authority and the separation of powers. Plaintiffs, 22 Democratic states and Washington D.C., challenged the funding freeze as a violation of the separation of powers and the Administrative Procedure Act. Despite the OMB rescinding its initial memo, the DOJ maintains the administration can still communicate with agencies about spending priorities.
Read More
President Trump’s newly imposed 25% tariffs on Canadian and Mexican aluminum imports have caused a ripple effect, prompting a temporary pause by Prime Minister Trudeau. The tariffs’ potential to disrupt global aluminum markets is evident in a significant drop in European aluminum premiums, as Canadian shipments are expected to be diverted. Canada supplied 56% of U.S. aluminum imports in 2023, highlighting the substantial impact of this trade dispute. The European Union, while a smaller importer of Canadian aluminum, has also seen market changes in response to the tariffs.
Read More
The 50501 Movement organized nationwide protests on February 5th to oppose President Trump’s actions, including executive orders on immigration and pardons related to the January 6th Capitol riot. These protests, planned for all 50 state capitols and publicized through various social media platforms, aim to combat what some prominent figures have called “fascism.” Concerns regarding safety and organization were raised by some participants, acknowledging potential threats from counter-protesters. The demonstrations were intended to address various issues, including human rights, and equality.
Read More
Rep. Ilhan Omar condemned President Trump’s closure of the USAID headquarters, characterizing the action as a step toward dictatorship and a constitutional crisis. This closure, preventing staff access and halting congressionally authorized payments, represents an alleged power grab undermining Congress’s authority over the purse. Omar, who personally benefited from USAID aid as a refugee, highlighted the agency’s crucial role in fostering international goodwill and American compassion. The Democrats argue that Trump lacks the authority to unilaterally halt funding allocated by Congress.
Read More
Following two phone calls between Prime Minister Trudeau and President Trump, a 30-day reprieve on U.S. tariffs against Canadian goods was secured. This temporary ceasefire resulted from Canada’s commitment to enhance border security, including a $1.3 billion plan and the creation of a joint strike force to combat crime and money laundering. The agreement, however, is considered an initial step, with Trump indicating a desire for a comprehensive economic deal. Canada also committed to appointing a fentanyl “czar” and designating Mexican cartels as terrorist organizations.
Read More
Following President Trump’s announcement of 25% tariffs on Canadian imports, a 30-day pause was agreed upon. This reprieve, mirroring a similar agreement with Mexico, follows both countries’ commitments to combat fentanyl trafficking into the U.S. Trump’s initial plan also included tariffs on Chinese goods and Canadian energy resources. Canada had threatened retaliatory tariffs on $155 billion worth of U.S. goods in response to the initial tariff announcement.
Read More
In response to concerns about foreign interference in its upcoming election, Greenland’s government introduced a bill to ban foreign political donations. The bill, aiming to safeguard Greenland’s political integrity, prohibits parties from receiving contributions from foreign or anonymous donors and limits private donations. This action follows repeated assertions by Donald Trump of his desire to acquire Greenland, despite Greenland’s repeated declarations that it is not for sale. The bill is expected to pass quickly, potentially taking effect immediately.
Read More
The author condemns the voters who elected Donald Trump, arguing their actions have led to devastating consequences. These consequences include the erosion of democratic institutions, the targeting of the LGBTQ+ community through policy changes and symbolic erasure, and the implementation of brutal immigration policies. The author asserts that Trump’s actions represent a threat to American democracy and fundamental human rights, urging those who voted for him to acknowledge the gravity of their decision. The resulting damage, from economic instability to the dismantling of civil rights protections, is already being felt.
Read More
Following negotiations, President Trump temporarily suspended planned tariffs against Mexico for one month, contingent upon Mexico deploying 10,000 National Guard members to curb drug trafficking. Conversely, tariffs against Canada and China remained in effect, with Canada expressing pessimism regarding a similar reprieve due to perceived differences in administration demands. Trump hinted at further substantial tariffs against China if a trade deal isn’t reached, while simultaneously claiming the actions against Mexico are not part of a broader trade war, but rather a drug war. Despite these pronouncements, the administration acknowledges potential negative economic impacts on the U.S. due to the tariffs.
Read More
John Q. Hosedrinker