Money, Wealth & Power—A Daily Look at the Financial World
The U.S. Supreme Court ruled on February 20, 2026, that President Donald Trump overstepped his authority when he imposed sweeping global tariffs on goods from all countries, striking down most of the levies. The decision landed like a relief for importers who had spent months absorbing steep duties, but for small businesses that already paid…
The U.S. Supreme Court ruled on February 20, 2026, that President Donald Trump lacked the authority to impose tariffs under the International Emergency Economic Powers Act, a decision that could save the lowest-income American households roughly $900 each in higher prices. But the promise of relief is colliding with a bitter reality. the Trump administration…
President Donald Trump approved Japan’s first $36 billion batch of U.S. investments on February 17, 2026, directing capital into energy and materials projects across Ohio, Texas, and Georgia. The deals represent the opening tranche of a $550 billion pledge that Japan made in exchange for relief from American tariffs on its exports. For Japanese manufacturers…
The claim that President Donald Trump’s tariffs cut the U.S. trade deficit by 78 percent has circulated widely in political commentary, but federal data tells a starkly different story. The Bureau of Economic Analysis reported that the annual 2025 goods-and-services trade deficit came in at $901.5 billion, down just 0.2 percent from $903.5 billion in…
A New York Fed analysis has confirmed what independent economists warned about for years: American businesses and consumers, rather than foreign exporters, shoulder the vast majority of the costs created by tariffs on steel, aluminum, and Chinese goods. The finding directly contradicts repeated political assurances that trading partners would bear the financial burden. With the…
Donald Trump is pitching his second-term economic agenda as a one-two punch: sweeping tax cuts paired with tough new tariffs on imports. New modeling shows those two promises collide, leaving typical households worse off even after they receive income tax refunds. The average American is projected to lose $300 a year on net, as higher…
Donald Trump’s trade war rhetoric may sound abstract from a rally stage, but the costs land in very specific places: on Kentucky’s bottling lines, in its barrel warehouses, and in the paychecks of workers who depend on bourbon exports. The tariffs that defined his first term helped trigger retaliation from trading partners, and the bourbon…
US tariff collections have exploded under President Trump, with federal receipts reportedly up roughly 300% compared with pre-tariff levels and fresh monthly data showing another powerful jump at the start of the year. That surge has turned import duties into a central pillar of Trump’s economic and fiscal pitch just as The Supreme Court prepares…
French wine and spirits producers are discovering how quickly a prized export can turn into collateral damage in a geopolitical fight. After President Donald Trump imposed 15 per cent tariffs on French bottles, exports to the United States fell 21 percent and overall shipments dropped 8 percent, the steepest volume decline in at least a…
President Donald Trump is treating the Dow Jones Industrial Average’s surge past 50,000 as a personal vindication, casting the milestone as proof that his tariff-heavy trade strategy is working. He is now openly talking about the Dow hitting 100,000 points by the time he leaves office in January 2029, folding that audacious target into a…