Even with high tariffs, Trump’s trade
war suddenly is starting to look not so
scary on Wall Street
Posted By: Dreadnought, 7/29/2025 12:47:48 AM
U.S. tariffs on incoming goods look to be settling in only slightly less than what President Donald Trump had threatened in April, but the difference has been enough to ease some of Wall Street’s worst recession fears. With the U.S.-European Union trade deal over the weekend, it now appears that the effective tariff rate, or the net impact aside from the nominal level, will end up in the 15%-20% range. That’s well above the low single-digit rate in place at the beginning of the year, but well off the feared 25% rate or worse that could have happened as a result of the April 2 announcement. Economists had feared
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Republicans may have finally learned how to fight fire with fire. In an unexpected move, Gov. Greg Abbott (R-TX) called a special session in mid-July to redraw his state's congressional map. The plan? To nuke the Democrats' dominance in several key areas, garnering five new seats. That would provide the GOP with a significant boost going into the 2026 midterms. With that said, the new map has now been released, and it's a bloodbath for Democrats. Texas Republicans unveiled a new congressional map on Wednesday that would provide their party with five new red-leaning districts, a plan that — if enacted
A Virginia councilman was set on fire in an apparent personal attack on Wednesday, authorities said.
The suspect, Shotsie Michael Buck Hayes, allegedly confronted Danville City Councilman Lee Vogler, 38, at his office, at Showcase Magazine, and covered him with a flammable liquid, the Danville Police Department said. Both went outside where Hayes allegedly set Vogler on fire, police said. Vogler has been taken to a hospital in unknown condition, police said. Showcase Magazine said he sustained “serious burn injuries.”
Watching the mainstream media flail as Donald Trump’s booming economy keeps thrashing the doomsday script is something to behold. Since Trump came back to office, these so-called “experts” and their media lapdogs have prayed for a recession, rooted against the American worker, and prophesied disaster if Trump continued to put America First. What have they gotten instead? Solid, irrefutable growth, the kind that should have had them eating crow instead of spinning fantasy.
The latest economic report blew the doors off expectations. Second quarter GDP rocketed up by 3%, which is higher than any of the legacy media “experts” dared predict. Consumer confidence just posted another gain.
WASHINGTON - U.S. President Donald Trump on Wednesday slapped a 50% tariff on most Brazilian goods to fight what he has called a "witch hunt" against former President Jair Bolsonaro, but softened the blow by excluding sectors such as aircraft, energy and orange juice.
That came as a relief for many in Brasilia, who since Trump announced the tariff had been urging protections for major exporters caught in the crossfire. Shares of planemaker Embraer and pulpmaker Suzano rose. "We're not facing the worst-case scenario," Brazilian Treasury Secretary Rogerio Ceron told reporters. "It's a more benign outcome than it could have been."
WASHINGTON – A divided Federal Reserve on Wednesday voted to keep its benchmark interest rate steady, despite a barrage of criticism from President Donald Trump and dissents from two top officials.
The Federal Open Market Committee, the group that sets the overnight borrowing rate, voted 9-2 to stay on hold. The federal funds rate will continue to be set in a range between 4.25%-4.5%. The level sets what banks charge each other for overnight lending, but influences a slew of other rates across the economy.
However, the decision met opposition from Governors Michelle Bowman and Christopher Waller, both of whom have advocated
The U.S. economy under President Donald Trump exceeded expectations and grew at an annualized rate of three percent in the second quarter, according to Commerce Department data released on Wednesday.
The Commerce Department report found the American economy, as measured by Gross Domestic Product (GDP), made the gains from April through June. GDP is a measure of a basket of goods and serves to measure growth throughout the U.S. economy.
The three percent figure exceeds the Dow Jones estimate at 2.3 percent and reversed the 0.5 percent decline the first quarter of the year experienced.
Last week PEW published a Party Affiliation Fact Sheet based on a big annual survey it does every year. What the fact sheet shows this year will not be a surprise to anyone who pays any attention to politics. Men, especially young men, have stepped away from the Democratic Party.
Today, Americans are about evenly split between the two parties: 46% identify with or lean toward the Republican Party, and 45% identify with or lean toward the Democratic Party. This balance of partisanship is similar to 2024, but the current near-even division marks a shift from the affiliation advantage the Democratic Party enjoyed a few years ago...
A magnitude 8.7 earthquake struck off Russia's Kamchatka Peninsula on July 29, triggering tsunami alerts for the entire U.S. West Coast and portions of the Alaska Aleutian Islands, the U.S. Geological Survey said.
The earthquake was recorded at 7:24 p.m. ET, about 78 miles east-southeast of of Petropavlovsk-Kamchatsky, Russia, the U.S. Geological Survey (USGS) said in its updated assessment. The agency said the quake was shallow, at a depth of about 11 miles.
Tsunami advisories are in place along Alaska’s remote Aleutian Islands. The National Tsunami Warning Center advises that tsunami activity is possible at Shemya, Alaska beginning at 4:46 p.m., Alaskan Daylight Time, then at 5:46 p.m.
The Trump administration on Tuesday proposed repealing the federal government’s bedrock scientific declaration on the dangers of greenhouse gases — a move that would run afoul of decades of research and topple most of the Environmental Protection Agency’s climate regulations.
The rollback is the most audacious attempt yet by President Donald Trump to undo federal restrictions on fossil fuels. The so-called endangerment finding, which the Obama administration issued in 2009
Blackstone confirmed that one of its executives was among those killed in the July 28 mass shooting at the company’s Park Avenue office building in New York City.
In a statement shared with PEOPLE, the global investment firm said that Wesley LePatner was killed in the attack, which left three other innocent victims dead including off-duty NYPD officer Didarul Islam and injured other people.
“Words cannot express the devastation we feel. Wesley was a beloved member of the Blackstone family and will be sorely missed. She was brilliant, passionate, warm, generous, and deeply respected within our firm and beyond," the statement read. "She embodied the best of Blackstone.
Washington
—
The Trump administration’s trade agreements with a handful of countries are helping Americans feel somewhat more confident about the economy’s health and its future.
Consumer confidence climbed 2 points this month to a reading of 97.2, the Conference Board said Tuesday, showing people’s attitudes about the economy have stabilized after deteriorating sharply during the spring when Trump unveiled massive tariffs that threatened to jack up prices and weaken the labor market.
But consumer confidence has recovered somewhat since then. The stiff levies Trump unveiled in April have been delayed several time
CNN's Harry Enten Delivers More Heartbreak
for Dems With Just How Bad Numbers Are
for Them 6 replies
for Dems With Just How Bad Numbers Are
for Them 6 replies
We've been reporting just how bad the Democrats' approval/favorability numbers have been.
There was the Quinnipiac poll that had Congressional Democrats at 19 percent approval, the lowest in the history of asking the question. Then there was the Wall Street Journal survey that showed the party was 30 points underwater with registered voters - far worse than the Republicans. CNN's data analyst Harry Enten summed up how bad things were for the Democrats. He explained that the CNN poll had the Democrats at 26 points underwater, and he also referenced the WSJ poll. Both numbers were the lowest ever.
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French Prime Minister François Bayrou is criticizing the trade deal struck by President Trump and European Commission President Ursula von der Leyen as an act of “submission” by the European Union (EU).
“It is a dark day when an alliance of free peoples, united to affirm their values and defend their interests, resolves to submission,” Bayrou said in a post on social platform X early Monday. The agreement sets tariffs at 15 percent for European imports, including automobiles. That’s lower than the 30 percent tariff Trump had threatened to impose on the EU but higher than some European officials would have liked to see —
The political left will never recover from Trump Derangement Syndrome. President Donald Trump could put the economy on a perpetual growth path, stop World War III, bring permanent peace to the Middle East, resolve the Russia-Ukraine conflict and in his spare time cure cancer and put a man on Mars, and the Democrats and progressives would still blindly hate him. Would the Republicans and conservatives who have battered and cursed him since 2015 continue to bitterly disapprove of him, as well?
Trump has had an extraordinary run so far. An AI analysis by Newsweek says the first six months of Trump’s second term “have been the most
The United Kingdom will recognize a Palestinian state if Israel does not agree to a ceasefire and move toward peace in Gaza by September, U.K. Prime Minister Keir Starmer warned Tuesday.
Starmer made the announcement during a press conference on Tuesday, just a day after meeting with President Donald Trump in Scotland and discussing the Israel-Hamas war and the hunger crisis in Gaza.
"I can confirm that the U.K. will recognize the State of Palestine by the United Nations General Assembly (UNGA) in September, unless
While most of the country has erupted in outrage after an angry mob savagely assaulted two white people in downtown Cincinnati over the weekend, one prominent local politician has the exact opposite reaction to the story.
As The Gateway Pundit reported, a group of black individuals smacked around a bald white guy at the intersection of West Fourth Street and Elm Street in downtown Cincy and beat him so bad that he could not get up.
Then, a white woman got slugged by one of the cowards. Her head slammed down onto the concrete, and she lost consciousness. Blood was seen coming out of her mouth.
The scandal-scarred independents running for New York City mayor stand little chance against frontrunner Zohran Mamdani — even if the rivals team up against the socialist candidate, a shocking new poll found.
Mamdani, a Queens assemblyman and Democratic nominee, is projected to handily win the November general election with 50% of likely voters in the latest survey, released Tuesday by Zenith Research/Public Progress Solutions.
Ex-Gov. Andrew Cuomo, who has decided to continue his comeback tour after his embarrassing June primary loss to 33-year-old Mamdani, came in a distant second at 22%, while the GOP nominee Curtis Sliwa pulled 13%.
CNN’s Erin Burnett is being skewered for reporting that the gunman who opened fire in a Midtown skyscraper — killing an NYPD cop and three others — was “possibly white” after viewing the initial security footage released immediately after Shane Tamura’s deadly rampage. In the photos first shared online, Tamura, 27, was captured in broad daylight walking into 345 Park Ave. with a Palmetto State Armory AR-15 rifle in his hand. Burnett said police knew the gunman had “sunglasses, mustache, male, possibly white” during a broadcast shortly after the shooting Monday evening.
Federal employees can preach in the workplace under new guidelines issued Monday by the Trump administration that have alarmed advocates for the separation of church and state.
The guidelines, outlined in a memo from the Office of Personnel Management, allow public employees to pray and discuss religion, including efforts to “persuade others of the correctness of their own religious views,” but do not endorse a specific faith. Supervisors are also allowed to encourage workers to engage in expressions of faith, including prayer.
The terms Ukraine and government corruption are synonymous regardless of who is funding the schemes. After Volodymyr Zelenskyy grabbed more power by stripping two key anti-corruption agencies, the National Anti-Corruption Bureau (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAP), of their independence, protests erupted.
European leaders immediately noticed the intent of the power move and threatened Zelenskyy with a withdrawal of support. The current dictatorship of Zelensky and his small team then quickly reversed course. However, the damage is done, and once again Ukranian corruption is center stage.
The runner-up in the 2024 U.S. presidential election won’t be running for California‘s top job next year, but Kamala Harris isn’t ruling out a 2028 White House bid yet. After months of speculation and impressive polling, the former Vice President has made it official: She’s not going to be on the ballot to lead the Golden State. “After deep reflection, I’ve decided that I will not run for Governor in this election,” Harris said Wednesday. Earlier this year, around the time of the Oscars, Harris told friends and deep-pocketed donors that she would make a final decision on running for
NYC mayoral front-runner Zohran Mamdami
addresses Midtown mass shooting from Uganda compound 17 replies
addresses Midtown mass shooting from Uganda compound 17 replies
Democratic nominee for mayor Zohran Mamdani addressed the mass shooting at a Park Avenue office building while at his family’s private compound in Uganda, where he is celebrating his wedding. “I’m heartbroken to learn of the horrific shooting in midtown and I am holding the victims, their families, and the NYPD officer in critical condition in my thoughts,” Mamdani wrote in a post to X. (Snip) Mamdani is in Uganda celebrating his nuptials at a heavily guarded private compound in the wealthy Buziga Hill area outside the capital city, Kampala. Police said four people were shot dead — including married
What to know about Israel’s claim that
UN has tons of food in Gaza that it won’t distribute 17 replies
UN has tons of food in Gaza that it won’t distribute 17 replies
Israel is blaming the UN for the lack of vital food deliveries to Gaza — as harrowing video captured hundreds of desperate Palestinians swarming aid trucks over the weekend.
Israel officials are hitting back at claims that they have delayed aid from coming into Gaza — sharing images of tons of aid piled up inside the Gaza Strip, which they said is just waiting to be delivered to hungry Palestinians.
Col. Abdullah Halabi, from the Coordination of Government Activities in the Territories (COGAT), told reporters last week that around 1,000 truckloads of aid remain undelivered “due to a lack of cooperation from the international community and international organizations.”
Senate Judiciary Committee Chairman Chuck Grassley (R-IA) and House Permanent Select Committee on Intelligence Chairman Rick Crawford (R-AR) have dropped a political nuke on Washington: Smoking-gun thumb drives containing unreviewed evidence in the Hillary Clinton email scandal have been sitting in an FBI office collecting dust for over SIX YEARS. The letter, addressed directly to FBI Director Kash Patel, demands that the unevaluated materials — which include sensitive intelligence, foreign communications, and damning evidence related to the Clinton Foundation and Barack Obama — be immediately reviewed and exposed to the American people.