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Chamber of Commerce asks for tariff exclusions, warns of recession

The U.S. Chamber of Commerce asked the Trump administration Wednesday for tariff exemptions for certain businesses and products, raising concerns about a recession. “The Chamber is hearing from small business owners every day who are seeing their ability to survive…

US exporters could feel the pain of sanctions aimed at China

As the Trump administration reasserts its “America First” trade doctrine, a new wave of Section 301 sanctions targeting China’s shipbuilding and logistics sectors is poised to reshape global supply chains. The stated objective is clear: restore industrial sovereignty, rebalance global…

Trump floats wider IRS tax exemption crackdown

President Trump on Thursday floated a wider crackdown on tax-exempt entities after his administration asked the Internal Revenue Service (IRS) to revoke Harvard University’s tax-exempt status this week. “Tax-exempt status, I mean, that’s a privilege. It’s really a privilege. And…

Defense, foreign policy issues to watch for in Trump’s speech

The president is expected to tout his sweeping efforts to reshape the government, crack down on immigration and reorient U.S. foreign policy on the heels of an Oval Office spat with Ukrainian President Volodymyr Zelensky. Among the things to watch…

Fight over Trump’s spending powers boosts shutdown odds

Congressional negotiators racing to avert a government shutdown next month appear to have hit a wall on the question of whether to limit President Trump’s powers to spend the money. On one side of that divide are Democratic appropriators, who…

Trump, Mexican president agree to delay tariffs for one month

President Trump and Mexican President Claudia Sheinbaum said they have agreed to delay tariffs by at least one month, following a call between the two leaders Monday. The 25 percent tariffs on Mexico were to be implemented Tuesday. Both Trump…