The United States Treasury has reported a significant increase in customs duty revenue, largely attributed to the tariff policies implemented by the current administration. According to reliable sources, the second quarter of this year saw customs revenues reach $64 billion, marking a $47 billion increase from the same period last year. Despite the imposition of these … [Read more...] about $50 Billion Tariff Haul: Trump’s Trade War Pays Off, or Does It?
Trade and Economics
Trump Threatens Massive 200% Tariff on Drug Imports
President Trump's suggestion of a 200% tariff on pharmaceutical imports is not just economically illiterate, it's a prime example of how protectionist policies ultimately harm the very people they're supposed to help. Here's the reality: tariffs are taxes on American consumers, not foreign companies. Trump's goal may be to boost domestic pharmaceutical manufacturing. The … [Read more...] about Trump Threatens Massive 200% Tariff on Drug Imports
Trump Plans Executive Order to Impose 25% Tariff on Canadian and Mexican Goods When He Takes Office
On Monday, President-elect Trump said that he will issue an executive order when he takes office charging Mexico and Canada 25% on all products entering the United States as well as further tariff increases on China due to the flow of illegal immigration and illicit drugs. In a Truth Social posting, Trump, who will take office on January 20, 2025, stated that … [Read more...] about Trump Plans Executive Order to Impose 25% Tariff on Canadian and Mexican Goods When He Takes Office