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Some Experts Challenge Trump's '$1.98' Gas Price Post
President Donald Trump began a post on Truth Social on Friday with the comment, "Gasoline just broke $1.98 a Gallon." Gas prices are down in some areas of the country, but AAA reported the average for a gallon of unleaded across the country was holding on Saturday morning...
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Trump Admin Speeds Permitting for 10 More Mineral Projects
The Trump administration on Friday said the federal steering council will work to help expedite 10 critical mineral projects through the complicated permitting process in response to an executive order President Donald Trump signed in March calling for boosted domestic production.
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Falling Oil Prices: Record Output Meets Economic Slowdown
The global economy is showing clear signs of cooling. One of the most telling indicators? Oil prices, which have been declining for months. Are we witnessing the dawn of a deflationary era after years of inflation?
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Barclays, Goldman Expect Next Fed Rate Cut in July
Barclays and Goldman Sachs said Friday that they were expecting the U.S. Federal Reserve to deliver the next interest rate cut in July, after a stronger-than-expected jobs report.
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Could Trump Tariffs Mean a 40% Tax Cut?
So the Trump tariffs could herald an entirely new era for the American economy. The stimulative effect of one-third lower tax rates would be incredible. Wealthy people from all over the world would line up to come to America … legally.
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Trump: Economy in 'Transition,' Fed Should Cut Rates
President Donald Trump Friday said the U.S. economy is in a transition stage, citing strong employment and his tariff plan while reiterating his call for the U.S. Federal Reserve to lower its interest rate.
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Employers Add a Surprising 177K Jobs, Unemployment Still 4.2%
American employers added a better-than-expected 177,000 jobs in April as the job market showed resilience in the face of President Donald Trump's trade wars.Hiring was down slightly from a revised 185,000 in March and came in above economists' expectations for a modest...
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'De Minimis': the Trade Perk Trump Ended as Part of China Tariffs
The Trump administration ended U.S. duty-free access for low-value shipments from China and Hong Kong on Friday, removing the "de minimis" exemptions availed of by Shein, Temu, and other e-commerce firms...
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China 'Evaluating' US Offer to Negotiate Tariffs; Beijing's Door Is 'Open'
Beijing is "evaluating" an offer from Washington to hold talks over U.S. President Donald Trump's crippling tariffs, China's Commerce Ministry said Friday, signalling a potential de-escalation in the trade war that has roiled global markets.
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Chamber Urges Tariff Exclusion Process to Avert Recession
The U.S. Chamber of Commerce this week asked the Trump administration to immediately implement a tariff exclusion process to keep the U.S. economy from falling into a recession, CNBC reported.
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In the Engine Room of the World Economy: UPS Sends a Warning Signal
The global economy is approaching the end of its business cycle. Recession signals are flashing everywhere. The latest financial results from logistics giant UPS confirm an economic slowdown.
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US Chamber of Commerce Asks Trump for Tariff Exemptions
The U.S. Chamber of Commerce President Suzanne Clark is urging President Trump to exempt small American businesses from tariffs, warning that if the negotiations continue for even a month or two, there is a strong risk the country will fall into a recession.
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US Chamber of Commerce Asks Trump for Tariff Exemptions
The U.S. Chamber of Commerce President Suzanne Clark is urging President Trump to exempt small American businesses from tariffs, warning that if the negotiations continue for even a month or two, there is a strong risk the country will fall into a recession.
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US Weekly Jobless Claims Increase More Than Expected
The number of Americans filing new applications for unemployment benefits increased more than expected last week, potentially hinting at a pick-up in layoffs from tariffs, which weighed on the economy in the first quarter.
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US Has Reached Out to China to Talk Tariffs, State Media Says
The United States has approached China seeking talks over President Donald Trump's 145% tariffs, a social media account affiliated with Chinese state media said on Thursday, the latest report of possible moves towards negotiations on the levies.
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Lutnick to Newsmax: 'Let Greatest Dealmaker Make His Deals'
President Donald Trump is taking on the political risk of rebalancing the global trade order, sometimes putting even his own supporters, staffers, and economists at odds with him.
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Fed Signals Rates Will Remain Unchanged
Federal Reserve policymakers have signaled that short-term interest rates will remain unchanged as they wait for clearer signs that inflation is nearing the U.S. central bank's 2% goal or until there is a whiff of a deteriorating job market.
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Trump: Canada's Carney Wants a Deal, Will Visit Soon
President Donald Trump said Wednesday that Canadian Prime Minister Mark Carney is looking to make a trade deal and will visit the White House within the next week.
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Ukraine Says It's Ready to Sign Minerals Deal
Ukraine is ready to sign an agreement that would give the U.S. access to its valuable rare minerals in the hopes of ensuring continued American support for Kyiv in its grinding war with Russia, senior Ukrainian officials said Wednesday.
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Trump Calls De Minimis Trade Provision a 'Scam'
The de minimis trade provision which allows shipments worth less than $800 to enter the U.S. duty-free is a "scam," says President Donald Trump, reports NBC News.
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Bessent: US Ready to Sign Ukraine Minerals Deal
Treasury Secretary Scott Bessent said the United States and Ukraine would sign a minerals deal Wednesday afternoon after the Ukrainians attempted to make "some last minute changes," it was reported.
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Speaker Johnson: Tariffs to 'Achieve Desired Outcome'
House Speaker Mike Johnson said President Donald Trump's tariffs will result in a more "equalized" trade disparity and ultimately will be concentrated on a "handful of countries...that have been most abusive of our trade agreements."
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We Must Double Down on America's Strength
The airwaves and newsfeeds are buzzing with tariffs, tariffs, tariffs. We do need to make more stuff in America. We learned that lesson during COVID.
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Trump Blames Biden for Wobbly Stock Market
President Donald Trump implored Americans to be "patient" with his tariffs, saying time is needed to get past an economic "overhang" created by former President Joe Biden.
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Cash-Addicted Congress Won't Go to Rehab
We aren’t optimistic regarding the prospects for a budget bill that cuts spending and shrinks the size of the bloated federal government. Too many of our "combover conservatives" have become addicted to spending