A lawsuit, *V.O.S. Selections v. Trump*, challenges the legality of President Trump’s tariffs before a three-judge panel. The plaintiffs, small import businesses, argue the tariffs violate the “major questions doctrine” due to their significant economic impact, citing a predicted $4,900 reduction in average household income. Support for this claim comes from an amicus brief signed by numerous former Republican officials. The case’s outcome, however, remains uncertain, as the major questions doctrine is novel and its application to presidential actions, especially in foreign policy, is untested.
Read More
President Trump’s tariff policies are predicted to negatively impact the US economy, potentially causing a recession. His comments suggest an expectation of fewer, more expensive imported goods. Trump downplayed the economic consequences, using the example of children receiving fewer toys as a trivial impact. This perspective ignores the broader implications of increased prices on consumer goods and overall economic stability.
Read More
The possibility of a truce remains, despite the current stalemate. However, a significant obstacle is the unwillingness of any party to initiate contact. This reluctance to be the first to reach out suggests deep mistrust and a lack of confidence in the other sides’ intentions. Consequently, the path towards a peaceful resolution remains blocked by this hesitancy. Overcoming this impasse requires a courageous act of diplomacy from one of the involved parties.
Read More
Postmedia Network Inc. will send you the Top Stories newsletter upon registration. A confirmation email will be sent shortly; check your junk folder if it doesn’t arrive. Future newsletter issues will be delivered directly to your inbox.
Read More
The U.S. economy contracted by 0.3 percent in the first quarter of 2025, marking its first decline in three years. This unexpected shrinkage, attributed to increased imports fueled by anticipated tariffs, sent markets sharply lower. Former President Trump blamed President Biden, claiming the downturn is a result of Biden’s economic policies and not his own anticipated tariffs. However, the weak economic performance, coupled with disappointing job growth numbers, presents a significant political challenge for Trump. Further economic data is expected on May 6th.
Read More
A major GOP donor recently claimed the US economy has suffered a staggering 20 percent decline in just four weeks. This assertion, while dramatic, underscores a growing concern about the current economic climate. The donor’s comment highlights the significant anxieties felt even within the wealthiest segments of society impacted by recent economic shifts. This situation certainly warrants a closer look at the potential causes and consequences.
The donor’s statement itself is a potent symbol of the widening economic gap. It suggests that even those who have traditionally benefited from Republican policies are now feeling the pinch. While the precise 20% figure lacks detailed supporting data and may be an exaggeration designed to grab attention, the underlying sentiment is significant.… Continue reading
California’s economy has surpassed Japan’s, securing its position as the world’s fourth-largest economy with a nominal GDP of $4.1 trillion. This achievement, driven by robust growth in tech, entertainment, manufacturing, and agriculture, places California ahead of Japan but behind the US, China, and Germany. However, Governor Newsom cautioned that the Trump administration’s tariffs threaten this economic success, prompting California to sue the federal government to protect its interests. Despite challenges like affordable housing shortages, California’s economy continues to thrive, though some sectors, like Canadian tourism, have experienced negative impacts from trade disputes.
Read More
Despite a nearly 10 percent drop in foreign visitors to the U.S. in March compared to the previous year, President Trump downplayed concerns, attributing the decline to minor nationalism and a relatively weak dollar. JPMorgan estimates this decrease in tourism equates to a $29 billion loss in GDP, primarily due to Trump’s tariffs, exacerbated by incidents of foreign visitor detentions. These detentions, such as the cases of two German backpackers deported from Hawaii, have fueled concerns about potential negative impacts on tourism. The administration attempted to alleviate these concerns, but their messaging has been inconsistent and ineffective.
Read More
Citadel CEO Ken Griffin criticizes President Trump’s policies, asserting that his aggressive approach is harming the US economy and international relationships. Trump’s actions, including trade tariffs and threats against the Federal Reserve, have eroded the reputation of US assets, resulting in a significant devaluation of the US dollar relative to the euro. This economic instability, Griffin argues, creates a zero-sum game where everyone loses, and risks long-term damage to America’s global standing and brand. He expresses deep concern over the damage inflicted on the US reputation, drawing parallels to the administration’s attacks on institutions like Harvard University.
Read More
A recent Reuters/Ipsos poll revealed that only 37 percent of Americans approve of Donald Trump’s handling of the economy. This represents a five-point drop since the start of his current term and marks the lowest approval rating on this issue throughout both of his presidencies. It’s a significant decline, suggesting a growing dissatisfaction with his economic policies.
The low approval rating raises questions about the effectiveness of Trump’s economic approach. Many observers point to concerns about economic stability and the potential for future downturns. The uncertainty surrounding his policies and their potential consequences seem to be contributing factors to the declining approval.… Continue reading
John Q. Hosedrinker 
Matt Underwood