News

Trump’s latest tariffs are about to hit you where it really hurts

President Donald Trump’s newest round of tariffs on $US200 billion worth of Chinese goods adds a new element to the trade war. For the first time, consumer goods are going to be directly hit by the new 10% duty, likely causing an immediate increase in prices for US shoppers. The […]
Trump’s latest tariffs are about to hit you where it really hurts
News

Wilbur Ross swiped free sweetener and didn’t pay his domestic staff, according to Forbes report claiming he swindled $120 million

Commerce Secretary Wilbur Ross swindled more than $US120 million out of former associates, according to a new report from Forbes. The magazine also outlined some smaller allegations, which a Commerce Department spokesman has since called “petty.” Wilbur Ross, who has an estimated net worth of $US700 million, swiped free artificial […]
Wilbur Ross swiped free sweetener and didn’t pay his domestic staff, according to Forbes report claiming he swindled $120 million
Markets

Wilbur Ross is accused of swindling $120 million from associates and ‘could rank among the biggest grifters in American history,’ according to a bombshell Forbes report

US Secretary of Commerce Wilbur Ross has been accused of swindling associates out of more than $US120 million, according to a new bombshell report from Forbes. The magazine interviewed 21 former colleagues, many of whom said Ross had a propensity to filch money for himself. The Department of Commerce issued […]
Wilbur Ross is accused of swindling $120 million from associates and ‘could rank among the biggest grifters in American history,’ according to a bombshell Forbes report
News

‘Companies are going to get screwed’: US businesses are trying to get exemptions from Trump’s tariffs, and the process sounds like a mess

US companies can request exemptions to President Donald Trump’s steel and aluminium tariffs if they can’t find metals domestically. US businesses have filed more than 20,000 exemption requests, according to Commerce Secretary Wilbur Ross. The Commerce Department has ruled on fewer than 100 of those requests. According to a new […]
‘Companies are going to get screwed’: US businesses are trying to get exemptions from Trump’s tariffs, and the process sounds like a mess
News

Trump’s all-out trade war is rattling Washington — even his strongest allies

The Trump administration on Thursday announced tariffs on Canada, Mexico, and the European Union for steel and aluminium imports. The White House cited national security as the primary reason for the tariffs. Republicans and Trump allies broke from the administration, calling the tariffs “dumb” and a threat to the economy. […]
Trump’s all-out trade war is rattling Washington  —  even his strongest allies
News

Trump’s economic team is coming undone at a critical moment for global trade

Donald Trump’s top economic advisers are fighting over the direction of US trade policy. The president’s protectionist adviser Peter Navarro has consistently butted heads with Treasury Secretary Steven Mnuchin. The divide between the free-trade wing of Trump’s administration and the protectionist wing is causing friction at a critical time for […]
Trump’s economic team is coming undone at a critical moment for global trade
News

Trump is demanding China make a gargantuan economic change

Members of President Donald Trump’s administration demanded that China reduce its trade deficit with the US by $US200 billion in less than two years. The demand comes as trade tensions between the two countries continue to rise. Chinese officials said the demands were “unfair” and that “big differences” remain between […]
Trump is demanding China make a gargantuan economic change
Markets

The three stooges are running the US economy now

With Gary Cohn out at the White House, Donald Trump can run the economy like the slapstick show he’s always wanted. The stars are Treasury Secretary Steve Mnuchin, Commerce Secretary Wilbur Ross, and Trade adviser Peter Navarro. These three stooges will surely provide the protectionist antics that make their boss […]
The three stooges are running the US economy now
News

One of Trump’s top trade advisers held up a can of Campbell’s soup to argue that Trump’s massive tariffs are ‘no big deal’

During an appearance on CNBC on Friday, Commerce Secretary Wilbur Ross dismissed concerns about President Donald Trump’s announcement of new tariffs on steel and aluminium. Ross used cans of Budweiser, Campbell’s soup, and Coca-Cola to illustrate his point. Ross argued that the price increases of consumer goods would be negligible. […]
One of Trump’s top trade advisers held up a can of Campbell’s soup to argue that Trump’s massive tariffs are ‘no big deal’
News

Commerce Secretary Wilbur Ross is low-key having the worst week ever

Wilbur Ross is quietly having a horrible week. On Monday, he was forced to admit that he’s been lying about how rich he is. On Tuesday, he was revealed to have closer financial ties to Russian President Vladimir Putin than anyone thought. It’s only Tuesday. Low key, according to the […]
Commerce Secretary Wilbur Ross is low-key having the worst week ever
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