The US Senate voted to nullify President Trump’s global tariffs, with four Republicans joining Democrats in a 51-47 vote, marking the third instance of Republican senators opposing Trump’s tariff policies this week. This resolution, intended to end tariffs implemented by executive order, stands as a rebuke to the tariffs themselves and challenges Trump’s bypassing of Congress. This action occurred while Trump was in Asia, where he negotiated a trade deal with China, which included lowering tariffs on goods entering the country. While the Senate has taken a stand, similar action in the House of Representatives is unlikely due to a rule blocking tariff resolutions from receiving a floor vote.
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Senate passes a resolution to end Trump’s global tariffs; four Republicans side with Democrats, a move that’s certainly making waves. This is a symbolic gesture, a vote of disapproval against the trade policies of the former president. However, let’s be realistic here; the practical impact might be minimal. With Speaker Mike Johnson seemingly unlikely to bring it up for a vote in the House, and with Trump almost certain to veto anything that curtails his power, it’s more of a statement than a game-changer.
The fact that any Republicans broke ranks to support the Democrats in this is interesting, to say the least.… Continue reading
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In a significant escalation of the U.S.-China trade war, President Trump announced a 100% tariff on imports from China, effective next month, adding to existing import taxes. These tariffs and export controls on “critical software” were prompted by new Chinese export controls on rare earth metals, which are crucial for numerous industries. The announcement also followed China’s imposition of port fees on U.S.-owned ships in retaliation for U.S. actions, impacting stock markets. The tariffs are expected to further complicate ongoing trade talks between the two nations, especially with a planned meeting between the presidents, while also impacting other economic relationships, such as the TikTok deal.
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The White House’s $20 billion bailout of Argentina appears to have backfired, as Argentina responded by removing soybean export taxes and securing a deal with China. This action led to a decrease in U.S. soybean prices and weakened the country’s trade leverage with China, which subsequently reduced its purchases of U.S. soybeans. This situation has angered American soybean farmers, who are facing falling prices and a loss of market share, echoing the challenges faced during the previous trade war with China. Farmers are seeking a return to positive trade relations with China to secure their markets rather than relying on government bailouts.
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The Trump administration is facing a crisis due to plummeting U.S. soybean exports to China, as revealed by a leaked message detailing concerns. The message indicates that a recent economic bailout of Argentina resulted in Argentina selling soybeans to China, reducing prices, and giving China leverage in trade negotiations. American farmers, who have lost their largest buyer, are now struggling with oversupply, storage issues, and significant financial losses as China shifts its purchases to South American suppliers. While the administration is exploring aid and potential trade solutions, farmers are advocating for lasting trade agreements and a return to the Chinese market to secure their economic futures.
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In a recent Truth Social post, Donald Trump announced plans to impose a 100% tariff on movies produced outside the United States, though details on implementation remain unclear. This move, targeting a service rather than a good, follows similar threats made earlier this year and singles out California for its perceived impact. The proposed tariff has raised concerns within the entertainment industry, as it could potentially halt foreign film production, which benefits from cheaper labor and tax incentives. Despite the impact on the industry, share prices for some movie-related companies opened higher after the announcement.
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Trump says he doesn’t want to ‘frighten off’ foreign investment after backlash to Hyundai raid, and honestly, it feels like a bit of an “after the horse has bolted” situation. The sentiment itself, that he doesn’t want to scare away foreign investment, is understandable. Any leader would likely prefer a robust economy fueled by international partnerships. But the timing… that’s the kicker.
The recent backlash, particularly after the raid on Hyundai, seems to have already done a significant amount of damage. The reports of how the South Korean workers were treated, and the images that circulated, painted a picture that’s hard to simply erase.… Continue reading
The Universal Postal Union (UPU) reports a dramatic decline in postal traffic to the U.S. following the end of a trade exemption rule. After August 29, 2025, the “de minimis” rule, which exempted small packages under $800 from tariffs, was suspended, leading to an 81% drop in traffic compared to the previous week. The UPU is actively developing a technical solution to restore mail flow. This move was initiated by the Trump administration, citing concerns about counterfeit goods, fentanyl, and the trade deficit.
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Prime Minister Mark Carney announced a series of measures designed to bolster Canada’s economy against trade disruptions, particularly those stemming from the U.S. These measures include a pause on the electric vehicle (EV) mandate, a $5 billion strategic response fund to aid businesses, and a “Buy Canadian” policy to prioritize domestic procurement. Additional initiatives involve a reskilling package for up to 50,000 workers, expanded employment insurance benefits, and increased loan availability for small and medium-sized enterprises. The government will also provide assistance to the agricultural and seafood sectors, which have been negatively impacted by tariffs.
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John Q. Hosedrinker 
Matt Underwood