The trade negotiations between the U.S. and China took a hostile turn Friday, as President Donald Trump plans to raise tariffs on the nation in reaction to Chinese tactics to thwart American demands to reduce tariffs and control fentanyl shipments.
Trump Economic Policy
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Deregulation Nation: Trump Admin Killing 13 Regulations For Each New One
One of President Donald Trump’s campaign promises was to roll back Obama-era regulations and to lift a variety of restrictions put in place by the mammoth bureaucracy that is our federal government.
He stated in the lead-up to the 2016 election that he intended to eliminate two regulations for every new one. ...
BET Founder Robert Johnson: Democratic Party has Moved ‘Too Far to the Left’
BET founder Robert Johnson, America’s first African-American billionaire, had some harsh words for the Democratic Party and praise for President Donald Trump:
“The party in my opinion, for me personally, has moved too far to the left,” Johnson, the founder of cable network BET and RLJ Companies business network, told CNBC’s Hadley...
Kudlow Admits Trump’s Tariffs Will Hurt Both Sides as China Slaps Tariffs on U.S. Goods
Tariffs suck. They do not work and will only cause harm for the manufacturer and consumer.
President Donald Trump’s economic adviser Larry Kudlow broke from his boss on Sunday when he agreed that tariffs would hurt both the US and China after Trump increased tariffs.
To make matters worse, China imposed tariffs on...
Economy Boom: April Added 263,000 Jobs, Unemployment at 50 Year Low 3.6%
President Donald Trump has another stellar job report under his belt. Economists predicted 190,000 jobs in April, but the report shows the month added 263,000 jobs while the unemployment rate went down to 3.6%.
The unemployment rate has not hit 3.6% since 1969.
Expectations Smashed as U.S. Economy Grew at 3.2% in First Quarter
I have to admit this news shocked me after lukewarm jobs reports in January and February.
The Commerce Department announced this morning the economy grew at a 3.2% rate in the first quarter due to “higher exports and inventory investment.” Economists predicted a 2.5% GDP.
Did You Get a Tax Cut? Data Says Yes
Happy Tax Day! Unfortunately, the 16th Amendment still exists, which means everyone pays federal taxes. Today is the due date so you better get it in or else the IRS will come after you for the money they believe belongs to them.
But I digress. Remember that tax plan that passed in...
March Madness: Report Shows 196,000 New Jobs, Unemployment Rate at 3.8%
The March jobs report showed a rebound with hiring as the economy added 196,000 jobs and the unemployment rate stayed low at 3.8%.
For 102 months, U.S. employers have added jobs, which makes it the longest streak.
Trump signs permit to begin construction of Keystone XL pipeline
President Donald Trump signed a presidential permit to initiate the construction of the Keystone XL oil pipeline with a facility in Montana, the building of which has been delayed by a federal court order and an injunction.
January Jobs Report Crushes Expectations With 304,000 New Jobs
The economy added 304,000 jobs in January, the 100th month in a row with growth. Experts predicted only 107,000 jobs in January.
Labor force participation (LFP) is the highest it’s been since 2014 at 63.2%.
Average hourly wages only grew by 0.1%, but overall it’s up 3.2% from a year ago. The unemployment...
U.S. is Quickly Making Headway in Economic Freedom
On Friday at the Heritage Foundation in Washington, DC, I attended the release event of their 2019 Index of Economic Freedom. Heritage, the nation’s preeminent conservative think tank, has been publishing its Index for 25 years.
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Change! U.S. transforms into net oil exporter for first time in 75 years
Legal Insurrection readers might recall when a certain former President said, “We can’t drill our way to lower gas prices.”
Well, it turns out that the Trump adm...
U. S. Agrees To Suspend Tariff Increase While Trade Talks Continue
In a meeting between President Trump and China’s Xi Jinping, Trump agreed to delay the increase in tariffs scheduled for January 1, 2019 while trade talks continue.
The tariffs in question were set to jump from 10% to 25%, but this increase will not take place while the two countries engage in...
Report: Blue-collar Job Growth At Highest Level In 30 Years
While everyone is focusing on anti-Trump derangement, the blue-collar job sector has been quietly bouncing back. According to the Brookings Institution, blue-collar job growth is at its highest level since 1984.
Tom Steyer’s Anti-Trump Efforts Stymied By Trump Economic Success
Liberal billionaire Tom Steyer is spending a fortune to get Democrats elected with the goal of impeaching Trump. But like many Democrats running this fall, he is tripping over the fact that the economy is booming on Trump’s watch.
Economic Growth hits 4.1% in Second Quarter
The gross domestic product (GDP) hit 4.1% in the second quarter, up from 2.2% in the first quarter. This is the fastest rising GDP since 2014!
The Bureau of Economic Analysis reported that the growth comes “from positive contributions from personal consumption expenditures (PCE), exports, nonresidential fixed investment, federal government spending, and...
White House Prepping $12 Billion in Aid for Farmers Caught in Trade War
A few months ago, President Donald Trump instructed Agriculture Secretary Sonny Perdue to start organizing a package to help American farmers after they expressed concern over tariffs from China and other countries in response to those tariffs Trump imposed on them.
Now that plan is about to come into fruition. The White...
