“The threatened tariffs on Mexico, Canada, and China would reduce after-tax incomes by 0.8 percent in 2025 on average. Factoring in how incomes would shrink further on a dynamic basis as tariffs reduce US economic output, we estimate after-tax incomes would fall by 1.1 percent.“
Trump Tariffs: The Economic Impact of the Trump Trade War
Francis Maxwell reports on an Australian politician delivering a wake up call to Donald Trump–and the world. “The United States is sliding into fascism under Donald Trump. …. He belongs in prison. Not in the Whitehouse.”
“We estimate Trump’s 25% tariffs on Canada and Mexico and 10% tariffs on China will:
Increase taxes by $1.2 Trillion
Reduce GDP by .4%
Reduce employment by 344 Thousand jobs
Result in an average tax increase of $830 per US household (2025) This Year”
“Time for It to Die”: Trump & Musk Back Closing USAID as Freeze on Foreign Aid Threatens Millions
The future of USAID, the U.S. Agency for International Development, is uncertain after Elon Musk said President Trump had agreed to shut it down. The Tesla billionaire and presidential adviser has inserted himself into the inner workings of the federal government, gaining access to sensitive computer systems and making sweeping changes for which he has no clear authority.
Over the weekend, the USAID website and social media channels were taken offline, and two top security officials at the aid agency were placed on administrative leave after attempting to block members of Musk’s so-called Department of Government Efficiency, or DOGE, from accessing USAID’s classified systems, including personnel files.
Musk claimed in a series of posts on his website X that USAID is a “viper’s nest of radical-left Marxists who hate America,” and staff were instructed to stay away from the agency’s Washington headquarters on Monday. “What we are seeing … are attacks against it as a corrupt and illegal organization by people who know nothing about it. They are manufacturing these things out of whole cloth,” says former senior USAID staffer Jeremy Konyndyk, now president of Refugees International. “It’s really important to understand that a lot of what USAID does saves lives every single day.”
‘Cognitively declining’ Trump faces economic chaos as tariffs backfire
US and Canadian markets were thrown into chaos by Trump’s confused launch of tariffs against Canada and Mexico, says Editor at Large of the National Post Diane Francis on The Trump Report for #timesradio
