Americans Bear Almost All the Cost of Trump Tariffs, Study Shows. Well, isn’t that just a big “duh?” It’s almost as if the fundamental nature of tariffs, the way they function in the real world, was somehow lost on a significant portion of the population. The recent study, confirming what many already knew, underscores a simple truth: tariffs, in most cases, end up as a direct tax on the American consumer. It’s like discovering water is wet or the sky is blue.
Americans Bear Almost All the Cost of Trump Tariffs, Study Shows, and let’s be frank, it’s not exactly rocket science.… Continue reading
Following the death of Renee Good, who was fatally shot by an ICE agent, protests against ICE in Minneapolis are ongoing. The US Justice Department is investigating protesters who disrupted a church service, alleging they violated civil rights by desecrating a house of worship. Protesters claim a pastor at the church is an ICE official, while authorities vow to pursue federal charges. Amidst the protests, the Pentagon has placed 1,500 soldiers on standby, and a federal judge issued an order limiting crowd control tactics used by ICE agents.
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Financial markets reacted sharply to President Trump’s new tariff threats, with the dollar declining against both the euro and yen while precious metals like gold and silver surged to new record highs. This followed Trump’s announcement of impending tariffs on several European nations in response to troop deployments in Greenland. Experts caution these actions could jeopardize the dollar’s status as a reserve currency, potentially leading to economic instability, especially considering the significant European holdings of U.S. debt and equities.
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The cause of the train derailment in Spain is under investigation, though the incident occurred on a recently renovated flat track. The accident involved a train from the private company Iryo and a train from Spain’s public train company, Renfe, with the first train derailing and crashing into the second. The back of the first train hit the head of the second train, leading to severe damage. Emergency protocols were activated, and initial reports indicate passengers used emergency hammers to escape the derailed trains, with some sustaining injuries.
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The Russian government is surprisingly supportive of Donald Trump’s interest in Greenland, with a state-run newspaper praising his efforts to annex the island. This is a stark contrast to the criticism aimed at European leaders who oppose the potential US takeover. Moscow views the situation as beneficial, as Trump’s actions are straining the transatlantic alliance and creating divisions within NATO. Ultimately, Russia sees this discord as a positive development, weakening the Western alliance and potentially aiding its own geopolitical goals, including its ongoing efforts in Ukraine.
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President Trump, amid heightened tensions, declined to comment on the use of force to acquire Greenland, a semi-autonomous Danish territory. He announced 10% tariffs on Denmark and seven other European nations, tying the move to the acquisition. Trump also linked his Greenland efforts to his failure to win the Nobel Peace Prize, texting the Norwegian Prime Minister and dismissing Norway’s role in the committee’s decision. Trump also stated he will follow through on plans to hit the European nations with tariffs, citing the need to safeguard national security against outside threats.
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Federal Reserve Chair Jerome Powell plans to attend the Supreme Court’s oral argument on Wednesday in a case concerning the attempted firing of Fed governor Lisa Cook. This move represents an unusual show of support by the central bank chair amid a legal challenge regarding President Trump’s ability to remove Cook from the Fed’s board. Powell’s attendance follows his recent condemnation of subpoenas issued to the Fed by the Trump administration, seemingly signaling a shift towards a more public defense against attacks on the central bank. If Trump succeeds in removing Cook, he could appoint a replacement, potentially influencing the Fed’s decisions on interest rates and bank regulation.
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Over the weekend, Donald Trump threatened escalating tariffs on Greenland and its allies, leading to widespread condemnation from NATO members and within his own party. Republicans like Congressman Don Bacon and Senator Thom Tillis criticized the tariffs, labeling them “foolish” and detrimental to American interests and alliances. These actions are seen as a potential threat to his presidency, with some Republicans warning of impeachment and arguing that Trump’s overreach is undermining his own position. Furthermore, the Supreme Court may rule against the tariffs, which could have significant legal and political consequences.
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The Trump administration has extended invitations to Russia and Belarus to join a proposed Gaza “Board of Peace,” with both countries confirming receipt of the offer. Russia is reviewing the invitation through diplomatic channels and hopes to clarify details with the U.S., while Belarus expressed readiness to participate, hoping the organization will expand. Alongside these countries, Argentina, Jordan, Canada, India, Egypt, Hungary, and Vietnam also received invitations, with the White House and State Department yet to release a full list. The board, chaired by Trump, aims to oversee Gaza’s governance, reconstruction, and development as part of his broader peace plan, with potential members reportedly required to pay a $1 billion fee.
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Matt Underwood 
John Q. Hosedrinker
Minnesota Farmers, Agriculture Officials, and ICE Activity: A Critical Analysis
For individuals with disabilities needing assistance with the FCC Public file, KAAL-TV provides support via email at [email protected] or by phone at (507) 288-7555. This service is available to aid accessibility. Please note that this website is not intended for users within the European Economic Area. Copyright belongs to KAAL-TV, LLC, a Hubbard Broadcasting Company.
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