U.S. president Donald Trump has left open, for now, a loophole in trade policy that allows small shipments from China to enter the country without paying a tariff or being inspected by customs agents.
Category: 11 February 2025
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TRUMP WILL ATTACH 25-PERCENT TARIFF TO ALL IMPORTED STEEL, ALUMINUM
Donald Trump will place a 25-percent tariff on all steel and aluminum imported into the U.S., he announced on 9 February, including those from Canada and Mexico, both major suppliers of the metals.
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OTHER COUNTRIES MAKING TRADE DEALS WITHOUT THE U.S.
A growing number of countries are making trade deals among themselves as the U.S. withdraws behind a wall of tariffs, The New York Times reported.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Nearly 65,000 federal workers have accepted President Trump’s buyout offer, which will become the largest job reduction in U.S. history if approved.
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TRADE DEFICIT WIDENED BY $20 BILLION IN DECEMBER
The U.S. global trade deficit spiked from $78.9 billion in November to $98.4 billion in December, the U.S. commerce department reported.
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TOP TREND 2025, THE TRUMP CARD—COST OF TRUMP’S TAX CUT WISH LIST: $5 TRILLION TO $11 TRILLION
Without offsetting spending cuts, president Donald Trump’s tax cut proposals will subtract somewhere between $5 trillion to $11.2 trillion from federal revenue through 2035, the private, nonpartisan Committee for a Responsible Federal Budget (CRFB) has calculated.
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U.S. CONSUMERS FEELING LOW
Early this month, U.S. consumers’ sentiment fell to its lowest point since August as more Americans expect inflation to rise again because they believe Donald Trump’s tariffs will jack up retail prices.
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JOB GROWTH AND UNEMPLOYMENT SLOW DOWN IN JANUARY
The U.S. economy created 143,000 nonfarm jobs last month, less than half of the 307,000 created in December, according to the Bureau of Labor Statistics’ upwardly revised December figure.
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TECHNOCRACY BRIEFS: CRISPR GOES TO THE RACES, AND BILL GATES SAYS AI WILL RELEGATE HUMANS TO “ENTERTAINMENT ONLY”
Supposed “benefits” and milestones of CRISPR gene editing (GE) are being pushed by mainstream media almost every day.