Trump has an insatiable appetite for tariffs. But he’s also steadily created a meaningful list of exceptions https://t.co/UByWVenwwt ...

With Trump having threatened tariffs of as much as 250% on imported drugs, cheap contraceptives in the US may be a thing of the past. https://t.co/exg5yreq3b ...

Justice System & Political Implications - The justice system is trusted to handle the James Comey indictment, based on a grand jury's findings, with allegations of lying to Congress [2][3][4][7][10][13][15] - The president's public comments on the Comey case raise concerns about potential political motivation, but the justice system is expected to sort it out [4][5][6][8][11] - The possibility of the Justice Department bringing charges against other political opponents is raised, but considered speculative [8][9] Government Funding & Potential Shutdown - A potential government shutdown is two days away, with the decision seemingly in the hands of the Democrats, who need to provide 8 votes in the Senate to pass a 7-week funding resolution [18][19][20] - Democrats are accused of holding the federal government hostage to achieve special interest goals, while Republicans claim they are ready to pass a clean funding resolution [21][26] - Disagreements exist over expiring Obamacare tax credits, with Democrats wanting to address the issue in the funding bill, while Republicans prefer to discuss it separately after the government is funded [27][28][29][30] - The White House Budget Office is preparing for mass firings if a shutdown occurs [34] Tariffs & Impact on Farmers - New tariffs, including 100% tariffs on pharmaceuticals, kitchen cabinets, and heavy-duty trucks, have been announced [37] - Farmers are reportedly hurting due to the president's tariff policy, and there is discussion of using tariff revenue to help them [37][38] - The long-term solution for farmers is seen as open markets, with the hope that the administration's trade policy can achieve reciprocity with countries taking advantage of the US [39][40][41][42][44][46] Executive Authority & Federal Intervention - The president supports sending troops into Portland, Oregon, to protect federal law enforcement officials and assets [46][47] - There are over 300 lawsuits accusing the president of overstepping executive authority [48] - The president is asserting as much authority as possible, which is the nature of the executive branch, and Congress has the power of the purse and oversight to address these issues [50][51]

Americans appeared to slow down their spending last month amid President Donald Trump’s tariffs, according to federal data released Friday. https://t.co/rA4sbKJ3wn ...

President Xi Jinping’s export engine has proved unstoppable during five months of sky-high US tariffs.Shipments have soared outside the US this year, but countries dealing with the glut appear reluctant to take on another trade war — for now. @JDMayger with more https://t.co/pVikvX1YYo ...

Chinese Premier Li Qiang outlined Beijing’s plans to deepen its engagement with the U.N. in areas such as AI and culture, in a speech that also rejected tariffs and unilateralism https://t.co/LCMgT3aizF ...

If you look at things like autos, clothing, pharmaceuticals since April, uh there's been virtually no inflation. Now, that may change at some point. My colleagues in CEA said if they looked at the relative price of imported goods, uh they're actually down relative to other products.So, again, this debate I think is very robust and still vibrant on what if any effect tariffs are are having uh who's absorbing them. But the thing is the fact that we're talking about this and it's almost October tells me that t ...

Ask Wharton School professor of finance and wisdom chief economist Jeremy Seagull. Uh, Professor Seagull, what was your take on on the report today. Obviously came in line as expected, but year-over-year inflation at the headline up 2.9% still above the Fed's target rate.>> Yeah, most certainly. But but the news was good. It hit all the targets.Uh, nothing no upside uh surprise and and yesterday strong strong economic data. I think that uh both on the the trade deficit going down and on the durable goods re ...

Tariffs and Trade Policy - The US is imposing a 100% tariff on branded or patented pharmaceutical products entering the country, starting October 1st, with exemptions for companies building drug manufacturing plants in the US [1][2] - A 25% tariff will be imposed on imported heavy trucks, also starting on October 1st [2] - New tariffs on kitchen supplies and furniture include 50% on kitchen cabinets, bathroom vanities, and associated products, and 30% on upholstered furniture, all starting October 1st [3] - Section 232 investigations are initiated on imports of robotics, industrial machinery, and medical devices, potentially leading to tariffs on these products [3] Economic Impact and Reactions - The trade war has caused a drop in Chinese purchases of American soybeans, leading to a mechanism to transfer tariff dollars to American farmers to offset the impact [4] - Concerns are raised about "crony capitalism" and the potential for businesses to seek exemptions from tariffs, favoring big and connected businesses [9][10] - The White House views the president as the "dealmaker chief" and sees the tariff policy as a deliberate strategy to improve the US economy, even if it means picking winners and losers [13][14] Legal and Political Considerations - Invoking national security for tariffs, such as on bathroom vanities, is seen as an attempt to find a firmer legal footing for the tariffs, potentially to defend them in court [15][16] - There is speculation that even if Democrats come into power, these tariffs may not be rolled back entirely due to the desire to protect American workers and maintain government revenue [20][21] - Exemptions from tariffs could become a tool for any president to favor certain players, including liberal billionaires or trade unions [22]

Trade Policy Changes - The US will impose a 100% tariff on branded or patented pharmaceutical products entering the country, starting October 1st, with exceptions for companies building drug manufacturing plants in the US or projects where construction has already begun [1] - A 25% tariff will be imposed on imported heavy trucks, also starting October 1st, aiming to protect domestic truck manufacturers like Peterbuilt, Kenworth, Freightliner, and Mac Trucks for national security reasons [1] - A 50% tariff will be applied to all kitchen cabinets, bathroom vanities, and associated products starting October 1st, 2025, and a 30% tariff on upholstered furniture, citing the need to protect domestic manufacturing from large-scale flooding of these products from other countries [2] Potential Future Tariffs - Section 232 investigations have been initiated into imports of robotics, industrial machinery, and medical devices, potentially leading to tariffs on these products [3] Impact and Mitigation - The trade war has caused a severe drop-off in Chinese purchases of American soybeans, impacting American farmers [3] - A mechanism will be developed to transfer tariff dollars to American farmers to mitigate the negative impact of the trade war on the agricultural sector [4]