Trump, Tariff
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We Accidentally Scammed Bank of America for Lobster RollsIt sounds fake, but somehow Bank of America ended up footing the bill for our lobster roll addiction. In this hilarious VINwiki tale, we explain how a harmless loophole turned into a seafood-filled win.
Markets had dismissed tariff risks under the assumption that Trump would follow an earlier pattern and back off, in what became known as the so-called TACO trade. That allowed stocks to reach new record-high territory recently, marking a stunning rebound from the collapse triggered by his “Liberation Day” reciprocal tariffs in April.
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Cryptopolitan on MSNTrump demands that the Fed reduce rates by at least 3 pointsPresident Donald Trump has once again criticized Federal Reserve Chairman Jerome Powell, saying that he had kept interest rates too high. According to POTUS, the Fed rate is at least 3 points high. Trump wrote on his Truth social website that,
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Trump’s allies threaten to cripple these enterprises even though the Constitution is on the side of his victims. The draining, long appeals process endangers an enterprise’s perishable assets in the loyalty and well-being of its constituents, ranging from customers, employees, and clients to partners, researchers, and students.
Inflation has eased since Trump took office, meaning prices have risen at a slower pace than they had been at the end of the Biden administration. Consumer prices increased 2.4% in May compared to a year earlier, hovering near the lowest inflation since 2021.
The Yale Budget Lab noted that the letters sent Monday would hike the effective tariff rate on U.S. consumers to the highest since 1934.
President Donald Trump sent out a slew of letters Wednesday to some global trading partners, advising them of tariff levels as high as 50% for their exports to the United States.
WASHINGTON – President Donald Trump described some bankers as “shylocks,” a term widely seen as an antisemitic slur, at a July 3 Iowa rally kicking off his yearlong celebration of America’s 250th birthday. When asked by reporters about it later that evening, Trump said he has “never heard that” the word is considered antisemitic.