Distillers of American whiskey and bourbon were close to drowning in their own whiskey river. Instead, they avoided a torrent of tariffs. The European Union was slated to slap a staggering 50 percent tariff on distilled spirits produced in the U.S. as of Jan. 1. But an emergency truce brokered …
Read More »US companies secure record $170B in global contracts under Trump so far, Commerce says
FIRST ON FOX: American companies have won a record $170 billion in foreign government contracts since President Donald Trump returned to office, the Department of Commerce announced Tuesday. The deals amount to 98 contracts and are expected to generate $144 billion in U.S.-manufactured exports and support nearly 600,000 American jobs, …
Read More »Trump, Brazil’s Lula move to mend fences after trade clash, judicial firestorm with ‘friendly’ call
President Donald Trump said he had a “very good” phone call with Brazil’s President Luiz Inácio Lula da Silva on Monday, their first substantive conversation since the pair sparred over U.S. tariffs and the prosecution of former president Jair Bolsonaro. “We will be having further discussions, and will get together …
Read More »Trump calls Xi’s rare earth move a ‘bad moment’ — why it matters for US national security, China ties
The Trump administration is seeking to cool tensions between the U.S. and China, after Beijing unveiled plans to impose export controls on rare-earth magnets and after the U.S. threatened more stringent tariffs on Chinese goods in retaliation. Rare-earth elements are used in products such as electric cars, household appliances, lithium …
Read More »Farmageddon: Trump’s trade war and shutdown are crushing the heartland
Iwarned in May that America’s farm economy was under attack — that tariffs, Agriculture Department program cuts and political posturing in Washington were hammering farmers from the farm gate to the dinner plate. Four months later, that picture has only grown worse. Across the Midwest, combines sit idle and bins …
Read More »Trump's beef import plan ignores key issue squeezing American cattle ranchers
While President Donald Trump’s proposal to import more beef from Argentina is billed by the administration as a way to bring down prices for American consumers, critics say it misses the real issue driving costs at the grocery store: corporate concentration in the U.S. meatpacking industry. Four corporations — Tyson, …
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