FedEx has become the latest major corporation to file a lawsuit against the administration, seeking refunds for tariffs imposed under former President Trump’s policies. This legal action follows a landmark decision by the Supreme Court that struck down the administration’s broad tariff program. However, the court’s ruling did not clarify whether companies that paid the […]
A new study from the Federal Reserve Bank of New York, which found that U.S. consumers and businesses bore the vast majority of costs from tariffs imposed the previous year, is facing strong criticism from the current administration. A senior economic official called the paper “an embarrassment” and “the worst paper I’ve ever seen in […]
The federal government is stepping into a high-stakes legal battle, throwing its support behind prediction market operators Kalshi and Polymarket as several states move to ban their platforms. This move by the chairman of the Commodity Futures Trading Commission (CFTC) could have enormous implications for how betting is regulated in the United States. The core […]
The administration has released a detailed plan to rebuild the nation’s shipbuilding industry and other maritime businesses. A key part of the funding strategy involves port fees on cargo brought into the country on ships manufactured in China. Interestingly, these specific fees are part of an agreement with China that is currently paused for a […]
The head of a major American automaker recently spoke with senior US administration officials about a potential framework for Chinese car companies to manufacture vehicles in the United States. The discussions, which took place last month, explored the possibility of Chinese automakers partnering with US companies through joint ventures where the American firm would hold […]
