Trump Ends De Minimis Trade Loophole for All Countries

port, shipping containers

President Donald Trump signed an executive order Wednesday eliminating a long-standing trade loophole that allowed low-value packages under $800 to enter the United States duty-free, a move that could reshape cross-border e-commerce and intensify trade tensions. The order, which will take effect on August 29, subjects all foreign shipments valued …

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Fed Holds Rates Steady Amid Trump Pressure, Rising Inflation

Federal Reseve Chair Jerome Powell

The Federal Reserve on Wednesday opted to leave its benchmark interest rate unchanged, defying persistent pressure from President Donald Trump and signaling renewed concern about inflation and economic uncertainty driven by tariffs. In a statement following its July policy meeting, the Fed said that while economic growth had moderated, inflation …

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Trump Claims Epstein “Stole” Virginia Giuffre From Mar-a-Lago Spa

President Trump on Air Force One

President Donald Trump said Tuesday that convicted sex offender Jeffrey Epstein “stole” Virginia Giuffre from his Mar-a-Lago estate, an explosive statement that adds a new and controversial layer to Trump’s longstanding connection with the disgraced financier. Speaking to reporters, Trump confirmed that Giuffre — one of Epstein’s most prominent accusers …

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Trump Strikes New Trade Deal with EU, Sets Tariffs at 15%

President Trump and EU President Ursula von der Leyen

President Donald Trump on Sunday announced a long-awaited trade deal with the European Union, setting tariffs at 15% on most goods and staving off a potentially damaging economic standoff between the two transatlantic allies. Speaking alongside European Commission President Ursula von der Leyen, Trump described the deal as “satisfactory to …

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