The Supreme Court recently discussed whether Trump's tariffs are legal. The tariffs were put in place using the International Emergency Powers Act (IEEPA) to fight the fentanyl trade and impose so-called reciprocal tariffs. The justices seemed skeptical. The government's lawyer even admitted that a future president could use the same law to declare a climate emergen...
President Donald Trump has been vocal about lowering drug prices. He has signed orders, sent letters, and even started a trade war. Yet, Americans still pay a lot for medicines. The gap between his words and actions is wide. Trump's team has talked about many ideas. They want to link U. S. drug prices to those in other countries. They also want to import cheaper dru...
President Donald Trump is on a mission in Asia, aiming to secure big investments and ease tensions with China. His journey started with a stop in Qatar, where he met with the emir and prime minister. They discussed Middle East peace efforts, and Trump praised Qatar's role in brokering a deal between Israel and Hamas. Meanwhile, back in the U. S. , the government shu...
In a bid to prevent their trade war from heating up, the U. S. and China are set to hold crucial talks in Kuala Lumpur. The meeting, happening on the sidelines of the ASEAN summit, aims to smooth things over before a potential sit-down between Presidents Trump and Xi next week. The tension kicked off when Trump threatened to slap 100% tariffs on Chinese goods and ti...
China is making a big move. They want to rely less on foreign tech and boost their own economy. This is all part of their five-year plan. They're not backing down from the trade war with the U. S. Instead, they're doubling down on their goals. The plan is all about becoming more self-sufficient. China wants to be a global manufacturing leader while also growing its ...
High-level economic representatives from the United States and China are set to meet in Kuala Lumpur to prevent a trade war from worsening. The discussions aim to ensure that the upcoming meeting between U. S. President Donald Trump and Chinese President Xi Jinping goes smoothly. The talks, scheduled to begin on Saturday, are the fifth round between the parties sinc...
The world's financial leaders have just wrapped up their latest meeting in Washington, and the mood was a mix of relief and exhaustion. They're happy to see the global economy holding up better than expected, but they're also tired of all the uncertainty. It's been a wild ride since the U. S. introduced new tariffs earlier this year, and no one knows what's coming ne...
China's recent move to restrict rare earth exports has sparked a lot of talk. These minerals are super important for lots of tech stuff, like smartphones and electric cars. China makes most of them, so this move could really shake things up. But it might not be as big a deal as people think. At first, President Trump talked tough, saying he could hit China even hard...
Farmers across the U. S. are feeling the heat as harvest season kicks off. Low crop prices and ongoing trade tensions have them worried about their future. Republican lawmakers from farming states are pushing hard for financial help from the government before the year ends. Behind the scenes, talks are happening between these lawmakers and the U. S. Department of Ag...
The Supreme Court might soon make a big decision. It could force the government to return over $500 billion in tariffs. Plus, they would have to pay interest on that money. This is because a lower court already ruled that Trump's use of emergency powers to impose tariffs was not legal. These tariffs bring in about $30 billion every month. But if the Supreme Court ag...