Trump’s tariff formula used the wrong value in its calculations, conservative think tank says. ‘This whole thing was rigged.’
Tuesday, 8 April 2025 () A conservative think tank found the White House measured retail price elasticity when it should have used import price elasticity. That mistake meant the tariff outputs were about four times higher than they should have been. The formula the White House used to calculate its recent tariff is…
Global financial markets are in freefall after the U.S. administration’s sweeping tariff announcement sparked a chain reaction of panic selling. Wall Street witnessed a historic two-day bloodbath, erasing $6.6 trillion in market value. China responded swiftly with a 34% retaliatory tariff,...
President Trump’s sweeping global tariff plan has left allies stunned and adversaries relieved. While nations from Europe to Asia face a new 10% baseline tariff, even remote islands inhabited only by..
The U.S.–China economic war escalates as Beijing hits American goods with a 34% tariff. President Donald Trump swiftly retaliated, slamming China for “panicking” and announcing harsher tariffs..
Trump’s Shocking Tariff Move. Trump has announced a shocking 25% tariff on all countries importing oil and gas from Venezuela, set to take effect on April 2. Trump justified the move by accusing..
Tuesday, 8 April 2025 ()
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