Category Archives: Business & Economy

“Dark Path Ahead”: Why American Farmers Dread The Trade War

While automakers – and their dealerships – are getting most of the headlines this week, the effects of the escalating trade war between Presidents Trump, Xi, and Putin are rippling across numerous US industries – directly, and indirectly. Makers of whiskey, cheese, auto parts and more are contending with the global tariff battle – but it is US farmers that appear to be suffering the most.

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Four Trade War Scenarios: From ‘One-&-Done’ To ‘All Hell Breaks Loose’

On July 6th, President Donald Trump’s tariffs on $34 billion worth of Chinese goods are set to take effect. And, as Bloomberg’s Chief Asia Economist, Tom Orlik, notes, with an additional $16 billion coming close behind, and China threatening retaliation, it looks like the opening shots of a trade war are about to be fired.

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The Supreme Court Just Put Small Online Businesses at Serious Risk [VIDEO]

Small online businesses and consumers around the country will suffer the most from the Supreme Court’s ruling Thursday in South Dakota v. Wayfair Inc. The court essentially ruled that all 50 states and the tens of thousands of local tax jurisdictions are now permitted to reach outside their borders and require out-of-state internet retailers to collect and remit local sales taxes.

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EU Threatens $300 Billion Retaliation If US Moves Ahead With Auto Tariffs

More than a week after President Trump threatened to slap a 20% tariff on auto imports from the European Union, Brussels has issued a written warning to the US Department of Commerce with a threat of its own: If the Trump administration moves ahead with the auto tariffs, the bureaucrats in Brussels won’t hesitate to respond with tariffs on $300 billion in US goods…

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Canada Unleashes Retaliatory Tariffs On US: Here Is The Full List Of Affected Products

Canadian PM Justin Turdeau exclaimed his indignance at the Trump administration’s decision to impose tariffs on Canadian steel and aluminum imports, saying it is an “affront” and announced retaliatory tariffs against the US. The tariffs cover Whiskey, Orange Juice, and other food products as well as steel and aluminum. Measures will apply to up to C$16.6 billion dollars of products.

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Running On Empty

Public pensions and medical funds are delineating inevitable battle lines: governments versus taxpayers, the unproductive versus the productive, the aging versus the young. Public pension obligations are rising so fast that even repeated tax increases can’t keep up. If the stock and bond markets suffer multi-year declines, even modest declines, the pension war will move from skirmishes to open political combat.

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