Author: potus
US President Donald Trump has announced he will double planned tariffs on Canadian steel and aluminium imports to 50 percent, escalating a trade war with the United States’s northern neighbour. In a social media post on Tuesday morning, Trump said the increased tariffs come in response to a decision by the province of Ontario to put a 25-percent surcharge on electricity exports to some US states. He said the increased tariffs on steel and aluminium would come into effect on Wednesday. “The only thing that makes sense is for Canada to become our cherished Fifty First State. This would make…
Traditionally a celebration for those of Irish heritage, St. Patrick’s Day gained even greater significance in American history when it coincided with a pivotal moment in the Revolutionary War—the British evacuation of Boston. On a day dedicated to Ireland’s patron saint, legendary for banishing the island’s snakes to the sea, American patriots drove British troops from their shores, cheering as they retreated on March 17, 1776.The eviction of the British after the 11-month Siege of Boston marked a crucial step toward American independence and earned George Washington his first major strategic victory since assuming command of the Continental Army in…
Tariffs ignore that economic reality, leaving consumers with higher prices for basic goods and less to spend in the areas in which our economy excels, Hoffman said: Cheap goods mean “more money to save, to invest, to allocate elsewhere — we’re far better off because of access to international trade.”Deficits are not necessarily negative. “If you run a trade deficit, you’re not a loser,” Hoffman said. “We run trade deficits because we consume — our appetite for consumption is greater than our capacity to produce.”Path of progressAs countries progress and grow wealthier, manufacturing tends to represent less of their economies,…
(The Center Square) – A California father was shocked when the bill for an ambulance for his daughter doubled after adding his insurance, which he says is because of a new state law that punishes him for having coverage. Social media star and California father Robby Witt recorded his heated call with a billing department after he added his insurance information to save money. Initially billed $603.34 as an assumed uninsured patient, Witt added his insurance details, resulting in his out-of-pocket bill more than doubling to $1,263.29.“The first invoice you received, that’s a discount you received if you’re uninsured so you’re not…
Trust & Will founders, Cody Barbo (CEO), Brian Lamb, and Daniel Goldstein.Courtesy: Trust & WillLegal technology company Trust & Will said Tuesday that it has raised $25 million in a Series C funding round. The San Diego-based firm, ranked No. 41 on last year’s CNBC Disruptor 50 list, has now raised $75 million to date.Trust & Will aims to shake things up in the arcane estate planning industry and make these key wealth preservation and wealth transfer services more accessible to families. Relying on a mix of technology and human oversight, Trust & Will provides legally valid documents that adhere to state guidelines.The company says…
United States stock markets plummeted on Monday amid fears that President Donald Trump’s tariff policies might drive the world’s largest economy into recession. After years of impressive growth, America’s economic exceptionalism has been called into question. Concern over an economic downturn has driven a stock market rout that wiped $1.7 trillion from the S&P 500 – the world’s most-watched equity index. It fell by 2.7 percent, dragging it 9 percent below the all-time high it reached on February 19. The tech-heavy Nasdaq-100 posted its worst day since 2022, wiping out more than $1 trillion in value. Investors sold shares in…
Hundreds of civilians have sought refuge at a Russian air base on Syria’s coast, satellite imagery reveals, as thousands have fled violent clashes and a crackdown by government-aligned fighters that has plunged the region into turmoil.Footage and satellite images reviewed and verified by The New York Times on Monday indicated that civilians were sheltering in a compound shared by the Russian air base in Hmeimim and Latakia International Airport, both of which lie just outside the coastal city of Jableh where much of the unrest has taken place.Videos filmed over the weekend showed a large crowd of people waving placards…
Japanese officials visiting Washington this week have failed to win assurances from the Trump administration that the country would be exempt from sweeping tariffs set to hit imports of metals and cars into the United States.Japan’s trade minister, Yoji Muto, told his American counterparts that the country should not be targeted by the new tariffs because it invests large amounts in the United States and employs many people there.U.S. officials, Mr. Muto said, stressed that their priority was on “reciprocity,” as well as reviving local manufacturing and preserving jobs. “It is not that case that Japan will be exempt from…
WASHINGTON (AP) — President Donald Trump said Tuesday that he will double his planned tariffs on steel and aluminum from 25% to 50% for Canada, escalating a trade war with the United States’ northern neighbor and standing unmoved by recent stock market turmoil and rising recession risks.Trump said on social media that the increase of the tariffs set to take effect on Wednesday is a response to the price increases that the provincial government of Ontario put on electricity sold to the United States.“I have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff, to 50%, on all…
LOS ANGELES (AP) — Former Democratic U.S. House member Katie Porter announced Tuesday that she is entering the 2026 contest for California governor, joining a crowded field of candidates that could be upended if former Vice President Kamala Harris joins the race.Porter, who became a social media celebrity by brandishing a white board at congressional hearings while grilling CEOs, promised in a campaign launch video to be an aggressive counterweight to President Donald Trump’s administration at a time when the heavily Democratic state has clashed with the White House over issues from water management to immigrant rights.“In Congress, I held…