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In 1996, on the House floor, Rep. Nancy Pelosi (D-CA) assailed a then-bipartisan plan to give Most Favored Nation (MFN) trade status to China, arguing that while the U.S. has low tariffs on China-made goods, China has high tariffs on American goods. While debating opening U.S. free trade with China by giving the communist country…
The editor of the Jerusalem Post is speaking out after he was detained by investigators pursuing allegations that Qatar bribed aides to Israeli Prime Minister Benjamin Netanyahu, saying he was unjustly detained by the police. Zvika Klein, the Post‘s new editor-in-chief, recounted in a column how shocked he was to be interrogated over an interview with the…
Larry Summers Is Very, Very Worried About Tariffs The hope that markets had already priced in the cost of reciprocal tariffs was dashed this week by the calamitous decline of nearly every asset traded by man and robot except U.S. Treasuries. Stocks plunged, oil slipped, the dollar declined, and even gold lost some of its…
Hamas has removed more than 3,400 previously reported deaths from its official casualty figures, including 1,080 alleged child fatalities, according to new research that asserts the numbers were knowingly falsified. On Tuesday, The Telegraph reported that a March update from the Hamas-run Gaza Ministry of Health drastically revised down its earlier tallies of war dead.…
President Donald Trump on Thursday cheered Ford’s “great ad” touting its offering employee pricing to every American and how the auto manufacturer employs the most hourly workers of any automaker. Ford Motor Company announced its “From America, For America” “handshake deal for America” offering employee pricing for all Americans on almost of its vehicles through…
President Donald Trump’s deportations may give a 17 percent wage gain to American construction workers, according to the New York Times. The wage gain is predicted by a New York Times article that described how cheap migrant labor helped a builder prepare a $2.65 million home for sale to wealthy Americans. Without immigrant workers, Mr.…
Thousands of Haitian citizens marched through the streets of Port-au-Prince on Wednesday to protest escalating gang violence and their government’s failure to control it. Some of the protesters told Reuters they wanted to demonstrate their defiance of the gangs and their refusal to live in fear. Many of the protesters were armed with clubs and…
A man in Wilson, North Carolina, allegedly killed his mother and 15-year-old brother on Monday a week after his release from prison. When police arrived at a residence on Snowden Drive just before 5:30 p.m., officers located Dana Jenkins, 50, and a young teenage boy who were dead, WITN reported on Tuesday. Authorities confirmed the…
The mother of a five-year-old boy has been charged after he drank juice that allegedly contained methamphetamine in Riviera Beach, Florida. The incident happened on Sunday afternoon inside an apartment building in the 2400 block of Beach Court where officials found rotting food and trash littering the dwelling, NBC News reported Wednesday. An image shows the…
The Chinese Commerce Ministry on Thursday demanded President Donald Trump immediately rescind the tariffs he announced on Wednesday, threatening unspecified “countermeasures” if he does not comply. The Chinese ministry issued a statement accusing the United States of “unilateralism” and “protectionism.” “The so-called reciprocal tariffs have violated international trade rules and undermine the legitimate rights and…