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Category: Economy
March 4, 2025
Christopher Tomlinson
Economy
World

Canadian PM Claims Trump Is ‘Appeasing’ Putin, Says U.S. President Being ‘Dumb.’

Canada’s woke prime minister and sometime blackface enthusiast Justin Trudeau has accused President Donald J. Trump of being “dumb” by enforcing tariffs and allegedly “appeasing” Russian President Vladimir Putin. Trudeau announced that Canada would retaliate to the 25 percent tariffs on Canadian goods with its own 25 percent tariffs on $30 billion worth of American products. After 21 days, the tariffs will be expanded to cover another $125 billion worth of goods.

“The United States launched a trade war against Canada, their closest partner, and ally, the closest friend,” Trudeau said at a press conference. “At the same time, they’re talking about working positively with Russia, appeasing Vladimir Putin, a lying, murderous dictator. Make that make sense,” he whined.

President Trump enacted the tariffs against both Canada and Mexico for a variety of reasons, including the trafficking of illegal migrants and the deadly drug fentanyl across both borders into the United States.

The America First leader has been consistent on his desire to end the war between Russia and Ukraine, attempting to work with Ukrianian President Volodymyr Zelensky on a rare earth minerasl deal to give the U.S. an ongoing stake in Ukraine’s security. The Trump administration has also been in negotiations with Russia to end the conflict.

Trudeau announced his resignation earlier this year, and will likely remain in office for only a matter of weeks. In the U.S., he is best known for his crackdown on the Freedom Convoy protests during the COVID-19 pandemic, in which he used war-time emergency powers against peaceful protestors.

Following the Canadian leader’s outburst, President Trump warned “Governor” Trudeau that more tariffs could be incoming.

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Canada's woke prime minister and sometime blackface enthusiast Justin Trudeau has accused President Donald J. Trump of being "dumb" by enforcing tariffs and allegedly "appeasing" Russian President Vladimir Putin. Trudeau announced that Canada would retaliate to the 25 percent tariffs on Canadian goods with its own 25 percent tariffs on $30 billion worth of American products. After 21 days, the tariffs will be expanded to cover another $125 billion worth of goods. show more
March 4, 2025
Economy
News

Social Security Announces $800 Million in Savings.

The Social Security Administration (SSA) has announced approximately $800 million in savings through recent cost-cutting measures. This development is part of broader efforts by the Trump administration to increase efficiency across federal agencies.

The savings align with President Donald J. Trump’s executive order establishing the Department of Government Efficiency (DOGE), which aims to enhance government operations through cutting waste and technology and software modernization.

In a March 3 press release, the SSA detailed its “cost-saving and cost-avoidance” strategies. Key savings were realized through payroll reductions following a hiring freeze and overtime cuts, particularly impacting SSA and Disability Determination Services. These changes accounted for $550 million in savings.

The Information Technology Systems budget saw a $150 million reduction from contract cancellations. Additional savings were achieved by decreasing non-Information Technology Systems travel expenses by $10 million and terminating contracts and grants, yielding another $30 million in savings.

Real estate adjustments also contributed to cost reductions. By eliminating 270,000 square feet of non-public-facing office space, the SSA saved $10.2 million, with plans to downsize an additional 30,000 square feet. Multiple lease terminations further saved $4 million annually. Furthermore, adopting a new security staffing model for field offices is forecasted to save $30 million in the 2025 fiscal year.

So far, under the first month of President Trump’s administration, DOGE has saved American taxpayers billions of dollars.

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The Social Security Administration (SSA) has announced approximately $800 million in savings through recent cost-cutting measures. This development is part of broader efforts by the Trump administration to increase efficiency across federal agencies. show more
March 4, 2025
Economy
World

Mexico’s Prez Vows Response to Trump’s Tariffs.

Mexican President Claudia Sheinbaum announced plans to implement tariffs against the U.S. after President Donald J. Trump imposed tariffs on Mexico. In her address, Sheinbaum called for a public gathering in Mexico City, scheduled for noon on Sunday, March 9, where she intends to outline her administration’s response.

“We will always seek a negotiated solution, as we have proposed within the framework of respect for our sovereignty, but the unilateral decision made by the United States affects national and foreign companies operating in our country and affects our peoples. That is why we have decided to respond with tariff and non-tariff measures that I will announce in the public square next Sunday,” she said.

President Trump enacted the tariffs on Mexico this week—after previously postponing them—due to the country being the leading source of illegal immigrants and narcotics, including the deadly substance fentanyl, entering the U.S. 

While President Trump initially delayed the tariffs because Mexico promised to do more to counter its cartels and secure the border, he stated this week that there was “no room” for the country to avoid the tariffs, having deemed the additional measures the Mexican government was taking insufficient.

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Mexican President Claudia Sheinbaum announced plans to implement tariffs against the U.S. after President Donald J. Trump imposed tariffs on Mexico. In her address, Sheinbaum called for a public gathering in Mexico City, scheduled for noon on Sunday, March 9, where she intends to outline her administration's response. show more
March 3, 2025
Economy

Trump: ‘No Room’ for Canada, Mexico to Avoid Tariffs Tomorrow.

President Donald J. Trump announced on Monday that tariffs on Canada and Mexico are set to be implemented starting Tuesday, with “no room” left for a last-minute agreement to be reached before the midnight deadline. The 25 percent tariffs, previously delayed from early February, were rescheduled following attempts by Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum to address U.S. concerns by increasing border security efforts.

During a press briefing, reporters inquired about the likelihood of negotiating a deal to prevent the tariffs. Trump stated, “No room left for Mexico or for Canada. No. The tariffs, you know, they’re all set. They go into effect tomorrow.” He added, “And just so you understand, vast amounts of fentanyl have poured into our country from Mexico,” with China and Canada also playing a role in the crisis.

The tariffs will target various goods, including avocados, beer, and vehicles from Mexico, as well as crude oil, lumber, and car parts from Canada. These actions are part of Trump’s strategy to repatriate manufacturing and job opportunities to the United States, suggesting companies should localize production to avoid tariffs. One such shift includes Honda’s decision to manufacture its next-generation Civic hybrid in Indiana instead of Mexico.

With respect to China, Trump plans to increase tariffs on China by an additional 10 percent, coming off a separate 10 percent duty imposed on Chinese imports in February.

Following discussions with Trump’s border czar Tom Homan, Canadian officials expressed frustration with U.S. expectations. Commerce Secretary Howard Lutnick has acknowledged progress on border security since the previous tariff deadline extension, granted in response to undertakings by the Mexican and Canadian governments to increase border policing. However, he noted insufficient action on fentanyl.

Both nations have retaliated with tariffs on American products.

WATCH:

Image by Gage Skidmore.

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President Donald J. Trump announced on Monday that tariffs on Canada and Mexico are set to be implemented starting Tuesday, with "no room" left for a last-minute agreement to be reached before the midnight deadline. The 25 percent tariffs, previously delayed from early February, were rescheduled following attempts by Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum to address U.S. concerns by increasing border security efforts. show more
February 26, 2025
Christopher Tomlinson
Economy
Politics
World

Trump Says EU’s Purpose Is to ‘Screw’ the United States, Announces Upcoming Tariffs.

President Donald J. Trump has stated that the purpose of the European Union (EU) is to “screw the United States,” announcing a decision has been made to enact a 25 percent tariff on automobiles and other products imported from the bloc. Speaking to reporters during the first meeting of his new Cabinet, the President said, “They don’t accept our cars, they don’t essentially accept our farm products; they use all sorts of reasons why not.”

Trump explained that he loves the countries of Europe, recognizing his own European ancestry, but that the U.S. has a deficit of around $300 billion with the EU. “It was formed to screw the United States; I mean, let’s be honest,” Trump said. “And they’ve done a good job of it. But now, I’m President.”

When asked about potential retaliation from the EU, Trump stated, “They can’t. I mean, they can try, but they can’t.”

President Trump also announced that tariffs against Canada and Mexico are set to be enacted on April 2— although they may be delayed again. The tariffs were previously delayed when both Canada and Mexico vowed to do more to tackle border issues, including the trafficking of the deadly drug fentanyl.

WATCH:

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President Donald J. Trump has stated that the purpose of the European Union (EU) is to "screw the United States," announcing a decision has been made to enact a 25 percent tariff on automobiles and other products imported from the bloc. Speaking to reporters during the first meeting of his new Cabinet, the President said, "They don't accept our cars, they don't essentially accept our farm products; they use all sorts of reasons why not." show more
February 26, 2025
Christopher Tomlinson
Economy
World

Trump Dumps Biden’s Oil Concessions to Venezuela’s Far Left Govt.

President Donald J. Trump has reversed oil concessions to the Venezuelan far-left government granted by former President Joe Biden in 2022. The America First leader cites a lack of change in electoral conditions in Venezuela and the country’s resistance to the repatriation of illegal immigrant nationals from the United States.

Trump announced the move on Truth Social on February 26, stating that his administration was canceling the concessions, which are due for review on March 1. Biden’s deal had authorized energy giant Chevron to resume natural resource extraction operations in Venezuela on a limited basis, slightly easing the U.S. embargo on the country.

The President wrote, “The regime has not been transporting the violent criminals that they sent into our Country (the Good Ole’ U.S.A.) back to Venezuela at the rapid pace that they had agreed to.”

The Venezuelan gang Tren de Aragua has been a particular target for the Trump administration and the U.S. Immigration and Customs Enforcement (ICE). During the Biden government, the gang was able to take over entire apartment buildings in American cities, sometimes extorting residents at gunpoint.

Earlier this month, the Trump White House deported nearly 200 dangerous illegals back to Venezuela. The administration has also given the green light to send migrants to Guantanamo Bay, with the first flights departing at the beginning of February.

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President Donald J. Trump has reversed oil concessions to the Venezuelan far-left government granted by former President Joe Biden in 2022. The America First leader cites a lack of change in electoral conditions in Venezuela and the country's resistance to the repatriation of illegal immigrant nationals from the United States. show more
February 26, 2025
Economy
News

Agriculture Secretary Rollins Announces $1 Billion Plan to Slash Egg Prices.

President Donald J. Trump‘s Department of Agriculture Secretary (USDA), Brooke Rollins, has laid out a plan to reduce egg prices. “This five-point strategy won’t erase the problem overnight, but we’re confident that it will restore stability to the egg market over the next three to six months,” Rollins said on Wednesday, adding: “This approach will also ensure stability over the next four years and beyond.”

Egg prices have climbed significantly in recent months, driven largely by a widespread disease outbreak that has resulted in poultry cullings limiting supply. President Trump’s administration has been committed to lowering consumer costs, a key campaign promise for the America First leader. Recent polls suggest addressing this issue is crucial to maintaining the President’s favorable approval ratings.

Rollins pointed to ongoing incidents of highly pathogenic avian influenza, or bird flu, as a significant factor causing the price increase. To combat this, she announced a $1 billion investment dedicated to controlling bird flu, funded partly by savings identified by the Department of Government Efficiency (DOGE). The investment includes $500 million for biosecurity initiatives to help stop the flu’s spread among poultry producers. Another $400 million is earmarked for those producers experiencing significant production declines due to the flu, and $100 million will support vaccine research.

Currently, poultry farmers typically cull infected flocks to combat flu outbreaks. However, Rollins expressed optimism that vaccinations could lessen the need for this practice, ensuring a more stable supply. Additionally, she promised to explore possibilities for deregulating the industry to promote efficiency, and is considering egg imports as a temporary measure to boost supply.

Image by Pietro Izzo.

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President Donald J. Trump's Department of Agriculture Secretary (USDA), Brooke Rollins, has laid out a plan to reduce egg prices. "This five-point strategy won’t erase the problem overnight, but we’re confident that it will restore stability to the egg market over the next three to six months," Rollins said on Wednesday, adding: "This approach will also ensure stability over the next four years and beyond." show more
February 25, 2025
Christopher Tomlinson
Economy
World

Putin Proposes Rival Rare Earth Minerals Deal with U.S.

Russian President Vladimir Putin has expressed an interest in selling rare earth minerals to the United States—including from annexed areas of Ukraine. The proposal comes after President Donald J. Trump and his administration look to negotiate a similar deal with Ukraine as a means to pay back the billions given to the country to fight the ongoing conflict with Russia.

President Putin stated that Russia could give the United States a better deal on resources than Ukraine, arguing it could provide around two million tons of aluminum, for instance. “We would be ready to cooperate with our American partners … if they showed interest in working together,” the Russian leader said, arguing his country has far more rare earth minerals than Ukraine.

President Trump sent Treasury Secretary Scott Bessent to Ukraine earlier this month to begin negotiations with Ukraine. The goal was for the U.S. to get preferential access to rare earth minerals to pay back the billions of dollars in funding and equipment sent to Ukraine since 2022.

However, Ukrainian President Volodymyr Zelensky indicated that he would refuse such a deal. He reportedly became angry during a meeting with Bessent, shouting at the Treasury Secretary. Since then, he has reportedly agreed to a watered-down deal on minerals, although it is not final. 

Vice President J.D. Vance has publicly criticized Zelensky’s behavior, telling The National Pulse Editor-in-Chief Raheem Kassam he finds the Ukrainian leader’s public attacks on President Trump “disgraceful.”

“He’s not dealing with Joe Biden and the Biden administration anymore. He’s dealing with Donald Trump and the Trump administration,” Vance said.

Image via Wikimedia Commons.

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Russian President Vladimir Putin has expressed an interest in selling rare earth minerals to the United States—including from annexed areas of Ukraine. The proposal comes after President Donald J. Trump and his administration look to negotiate a similar deal with Ukraine as a means to pay back the billions given to the country to fight the ongoing conflict with Russia. show more
February 25, 2025
Christopher Tomlinson
Economy
War
World

Zelensky Caves, Agrees to a Minerals Deal: Report.

Ukrainian President Volodymyr Zelensky has reportedly agreed to President Donald J. Trump’s deal on rare earth minerals for continued assistance after negotiating more favorable terms for Ukraine. The Ukrainian leader is now ready to agree to the deal after the Trump administration reportedly made a concession on acquiring rights to $500 billion in revenue from mineral extraction as a way to pay the U.S. back for the billions of dollars given to Ukraine to fight its war against Russia.

Olha Stefanishyna, Ukraine’s deputy prime minister and justice minister, stated, “The minerals agreement is only part of the picture. We have heard multiple times from the U.S. administration that it’s part of a bigger picture.”

President Zelensky initially rejected the agreement, supposedly shouting at U.S. Treasury Secretary Scott Bessent during a meeting in Kiev when it was discussed. Zelensky was said to be angry at the prospect of having to pay back U.S. taxpayers. Under the new deal, Ukraine will contribute half of the proceeds from the future monetization of mineral extraction, as well as state-owned oil and gas, to a fund dedicated to investing in domestic projects. It is unclear what size stake the U.S. government will also have in this fund.

However, the deal does not contain any explicit security guarantees for Ukraine. Zelensky has been adamant about security guarantees from NATO and the United States, even demanding that U.S. troops be deployed in the country after a possible ceasefire with Russia. He has also demanded Ukraine be allowed to enter the NATO military alliance, going as far as threatening to acquire nuclear weapons if rejected.

Meanwhile, the Trump administration continues to engage in bilateral talks with Russia in an effort to end its ongoing conflict with Ukraine.

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Ukrainian President Volodymyr Zelensky has reportedly agreed to President Donald J. Trump's deal on rare earth minerals for continued assistance after negotiating more favorable terms for Ukraine. The Ukrainian leader is now ready to agree to the deal after the Trump administration reportedly made a concession on acquiring rights to $500 billion in revenue from mineral extraction as a way to pay the U.S. back for the billions of dollars given to Ukraine to fight its war against Russia. show more
February 24, 2025
Economy
TECH

Apple Commits $500 Billion to U.S. Investment In Response to Pressure from Trump.

Apple announced on Monday its intention to invest $500 billion in the United States over the next five years, including plans to create 20,000 jobs and build artificial intelligence (AI) servers. The move is seen as a response to pressure from President Donald J. Trump and his plans to impose tariffs on foreign imports from countries with tariffs on American exports.

The company’s latest ventures include constructing a server factory in Houston by 2026 and establishing a manufacturing academy in Detroit. Existing data centers across several states—including Arizona, California, Iowa, Nevada, North Carolina, Oregon, and Washington—will also receive investment for expansion.

This recent pledge builds upon Apple’s earlier U.S. expansion. In 2021, it committed to investing $430 billion domestically over five years. In 2018, Apple announced a $350 billion investment in the American economy, promising the creation of 20,000 jobs. Additionally, Apple confirmed that an Arizona facility owned by Taiwan Semiconductor Manufacturing Co. has begun producing valuable semiconductor chips.

President Trump, who met with Apple CEO Tim Cook last week, suggested his tariff threats influenced the new plans. “APPLE HAS JUST ANNOUNCED A RECORD 500 BILLION DOLLAR INVESTMENT IN THE UNITED STATES OF AMERICA,” the America First leader wrote, adding: “THE REASON, FAITH IN WHAT WE ARE DOING, WITHOUT WHICH, THEY WOULD’NT BE INVESTING TEN CENTS. THANK YOU TIM COOK AND APPLE!!!”

Despite the planned domestic U.S. expansion, Apple’s core products, like the iPhone, will remain manufactured abroad.

Apple stated that its new hires will primarily focus on research, development, engineering, and AI. “We are bullish on the future of American innovation, and we’re proud to build on our long-standing U.S. investments with this $500 billion commitment to our country’s future,” CEO Tim Cook said in a statement, adding: “And we’ll keep working with people and companies across this country to help write an extraordinary new chapter in the history of American innovation.”

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Apple announced on Monday its intention to invest $500 billion in the United States over the next five years, including plans to create 20,000 jobs and build artificial intelligence (AI) servers. The move is seen as a response to pressure from President Donald J. Trump and his plans to impose tariffs on foreign imports from countries with tariffs on American exports. show more