Politics
All the latest news stories about politics, from elections and law-making to the subtle shifts that change our lives—and our finances
New Tariff Blitz Accelerates, Global Frictions Mount
President Trump signed an executive order on July 31st, imposing new tariffs on 68 countries and the European Union, ranging from a 10% to as high as 50%.
Federal Reserve Keeps Rates Steady with Notable Dissents
On July 30th, the Federal Reserve held its benchmark interest rate steady at 4.25 %–4.50 %—marking the fifth hold.
Trump Announces 35% Tariff on Canadian Imports
President trump sent a letter to Canadian prime minister Mark Carney announcing a new 35% tariff on imported goods from Canada.
Trump Media Partners with Newsmax to Expand Truth+ Streaming
Trump Media & Technology Group, owner of Truth Social and its streaming arm Truth+, has entered a global content partnership with conservative network Newsmax.
Pentagon to Emerge as Leading Shareholder in MP Materials
The Pentagon has agreed to invest $400 million in MP Materials via newly issued preferred shares convertible into common stock.
Trump Imposes 50 % Tariff on Brazil, Lula Pushes Back
President Trump has introduced a 50% tariff on Brazilian imports, justified by U.S. officials as retaliation for Brazil’s prosecution of ex‑President Bolsonaro.
IRS Says Churches Can Endorse Political Candidates
The IRS has taken a significant step by filing a court brief arguing that pastors who endorse political candidates shouldn’t risk losing their tax exempt status
Trump Announces 50% Tariff on Copper Imports
President Trump announced a 50% tariff on copper imports, citing national security and the need to support key U.S. industries like electric vehicles & defense.
DOJ Charges Two in $650 Million OmegaPro Crypto Scam
The DOJ charged two men in connection with the $650 million OmegaPro crypto scam, which ran from 2019 to 2023 and promised investors up to 300% returns.
Trump Threatens 200% Tariffs on Pharmaceuticals
President Trump threatened to impose 200% tariffs on foreign-made pharmaceuticals, giving companies 12 to 18 months to shift production to the U.S..
Trump Announces 25% Tariffs on Japan and South Korean Imports
President Donald Trump announced a 25% tariff on imports from Japan and South Korea, effective August 1st.
