TARIFFS

Jun 17 2025POLITICS

Tariffs: Businesses Fight Back in Court

The legal battle over tariffs is heating up. Two companies that make educational toys have taken a big step. They asked the Supreme Court to speed up their case against tariffs. These tariffs were put in place by the President. The companies want the Supreme Court to hear their case right away. They even want the court to skip the usual steps and hear their argu...

reading time about 1 minute
Jun 17 2025FINANCE

The Fed's Tough Call: Tariffs and Rates

The Federal Reserve faces a tricky situation. The economy is doing pretty well, but there are some worrying signs. Inflation is going down, and unemployment is low, at 4. 2%. But here’s the twist: President Trump’s tariffs might make inflation go up and slow down growth. So, what’s the Fed to do? They’re likely to keep the key interest rate at 4. 4% for now. They’ll ...

reading time about 2 minutes
Jun 06 2025BUSINESS

Corporate America's Job Cuts: The AI Factor

Big companies are making big changes. They are cutting jobs. Why? It's not just about saving money. It's about adapting to a changing world. The global economy is uncertain. Trade tensions are high. And technology is advancing fast. Artificial intelligence is a big part of this. It's changing how companies operate. Some leaders are even saying that AI can do the work...

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Jun 04 2025BUSINESS

The Impact of Recent Economic Moves

The United States is experiencing some significant economic shifts. The country's leader has decided to double the tariffs on imported steel and aluminum. This means that the tax on these materials will go from 25% to 50%. The goal? To protect jobs in the domestic steel and aluminum industries. However, this move has its critics. They argue that it will make things m...

reading time about 3 minutes
Jun 02 2025POLITICS

The Tariff Tug-of-War: A Legal Battle Over Trump's Trade Policies

The legal battle over Trump's tariffs took a dramatic turn. A federal appeals court stepped in to temporarily halt a lower court's decision. This move temporarily reinstated the tariffs that Trump had imposed under emergency powers. The U. S. Court of Appeals for the Federal Circuit made this decision. It granted the Trump administration's request for an immediat...

reading time about 2 minutes
Jun 02 2025POLITICS

Trade Talks: The Tariff Tussle Continues

The recent court ruling that deemed many of Trump's tariffs illegal has not shaken his team's resolve. The top economic advisors are clear that tariffs are here to stay. This stance could lead to a showdown with China and other nations. The administration is ready to use other legal means to push for trade talks. Some of these tariffs were announced months ago, b...

reading time about 1 minute
Jun 02 2025POLITICS

Trump and Xi: A Trade Talk Teaser?

The upcoming week is set to be a significant one for global trade. It is expected that the President of the United States will engage in a dialogue with the President of China. This conversation is anticipated to center around the ongoing trade negotiations between the two superpowers. The world is watching to see if these discussions will lead to a breakthrough i...

reading time about 2 minutes
Jun 01 2025BUSINESS

Canada's Steel Industry Faces Severe Threats from US Tariffs

Canada's steel industry is in a tough spot. The US has doubled tariffs on steel imports from Canada. This move has sparked a lot of anger and worry. The industry is bracing for major job losses and factory slowdowns. Steel is a big deal in Canada. It's a 15 billion dollar industry. It employs 23, 000 people directly and supports another 100, 000 jobs indirectly. The...

reading time about 2 minutes
Jun 01 2025BUSINESS

Vermont's Cycling Gear Giant Faces Tariff Turmoil

A small Vermont company, Terry Precision Cycling, is facing a tough challenge. The company's latest innovation, a high-quality bike short, is caught in the middle of a trade war. The short is made from luxurious Italian fabric and designed for ultimate comfort. However, the company imports materials from various countries, including China, which is now under heavy...

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Jun 01 2025POLITICS

What Happened This Week in Illinois and Chicago?

The month of May has flown by, and there's a lot to catch up on. Let's dive into the key events that shaped the past week. Lawmakers in Springfield have been working overtime as the spring legislative session wraps up. They're racing against time to finalize a budget without resorting to "broad-based" taxes, all while tackling a massive transit bill. This bill aims ...

reading time about 2 minutes