Posts by Amelia Frost
As Markets Plunge Over Trump Tariffs, All Is Calm on Fox News
[ad_1] At 11 a.m. on Friday, the S&P 500 was down about 4 percent, on top of a nearly 5 percent drop the day before. On Fox News, Harris Faulkner opened her 11 a.m. newscast with the following pronouncement: “President Trump is keeping another campaign promise. He tilted the global economy, and he’s done that…
Read MoreTrump Is Defiant as Tariff Moves Roil Markets a Second Day
[ad_1] Two days after President Trump announced his expansive global tariffs, the United States confronted wide-ranging and painful blowback, as China retaliated against American goods and markets plummeted again on worries of a persistent, damaging trade war. No portion of the global economy appeared unscathed as the world braced for Mr. Trump to begin imposing…
Read MoreA TikTok Deal Was Within Trump’s Grasp. Then He Placed Tariffs on China
[ad_1] Donald Trump was reportedly just within reach of completing a TikTok deal. But that came to a halt after he placed tariffs on China. President Donald Trump was reportedly just within reach of completing a TikTok deal that would have transferred the popular app to a U.S.-based company. But that came to a halt…
Read MoreHouse Democrats Slammed for Supporting Tariffs ‘If Done Right’ As Market Plunges: ‘We’re Being Governed By Morons’
[ad_1] As markets reel from President Donald Trump’s newly imposed tariffs, House Democrats are facing intense backlash after releasing a video backing tariffs — so long as they’re “done right.” The clip, part of the Democratic Daily Download series, features Rep. Chris Deluzio of Western Pennsylvania arguing that tariffs can be a “powerful tool” for…
Read MoreRepublican Lawmaker Ridiculed for Suggesting Ditching China’s ‘Cheap Goods’ Will Help Families: ‘Kids Don’t Need Toys, They Need Tariffs’
[ad_1] Republican Rep. Riley Moore defended President Donald Trump’s escalating trade war with China, claiming higher prices on imported goods are worth it for the future of American families. Speaking with Fox Business host Stuart Varney, West Virginia Congressman Moore framed the tariff hikes as a moral obligation. “We’re no longer going to barter [our…
Read MoreStocks Tumble as Investors Balk at Tariff Plan
[ad_1] Investors around the globe this week sent President Trump a clear message about his new tariff policy, announced triumphantly as a remaking of the economic order. They don’t like it. The S&P 500 fell 6 percent on Friday, bringing its losses for the week to 9.1 percent. Stocks hadn’t fallen this far this fast…
Read MoreTed Cruz and Other Senate Republicans Question Trump’s Tariffs
[ad_1] Some Republican senators on Capitol Hill, including one of President Trump’s most ardent supporters, have signaled their uneasiness to the sweeping global tariffs that the president announced this week and that sent global markets reeling. Senator Ted Cruz, Republican of Texas, warned on Friday that a future where other countries slap retaliatory tariffs on…
Read MoreRepublican Plan to Kill California’s E.V. Policies Hits Senate Snag
[ad_1] Republicans in Congress cannot use an obscure legislative maneuver to stop California’s ban on the sale of new gasoline-powered cars by 2035, the Senate parliamentarian ruled on Friday. The decision dealt a blow to efforts by the Trump administration to quickly kill policies that promote electric vehicles. California had received a federal waiver under…
Read MoreJudge Orders Return To US Of Salvadoran Man Deported In Error
[ad_1] A federal judge on Friday ordered the return to the United States of a Salvadoran migrant who was mistakenly deported last month to a notorious prison in El Salvador. Kilmar Abrego Garcia, 29, who was living in the eastern state of Maryland, was among a group of undocumented migrants who were flown to El…
Read MoreAmadou Of Malian Blind Music Duo Dies Aged 70
[ad_1] Guitarist and singer Amadou Bagayoko of the star Malian music duo Amadou & Mariam has died aged 70 following an illness, his family told AFP on Friday, paying tribute to the Grammy-nominated blind musician. With his wife Mariam Doumbia, Amadou formed half of a group whose blend of traditional rock guitars and Western blues…
Read MoreMore Than 500 Law Firms Back Perkins Coie in Fight With Trump
[ad_1] More than 500 law firms on Friday threw their support behind some of their embattled peers, declaring that President Trump’s recent crackdown on the law firm industry poses “a grave threat to our system of constitutional governance and to the rule of law itself.” The firms, 504 in all, signed a so-called friend of…
Read MoreU.S. Farmers Brace for Losses in New Trade War With China
[ad_1] The U.S. agricultural industry is bracing for the potential of tens of billions of dollars in losses after China on Friday announced a 34 percent retaliatory tariff on imports from the United States. China’s counterpunch to worldwide levies announced by the Trump administration this week will hit American farmers hard. China, which consumes 14…
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