#tariffs
9 entries with this tag
Trump Announced a 50% Tariff on Canada as Punishment for Wildfire Smoke Drifting Across the Border — Blaming Canada for "Invading" America With "Filthy, Polluted, and Unhealthy Air" — and the Plan Includes a 50% Tariff on the Canadian Firefighting Aircraft the U.S. Relies On to Fight Its Own Wildfires
On July 18, 2026, with more than 900 wildfires burning across Canada, President Trump announced that the United States would hit Canada with a 50% tariff — as punishment for the smoke drifting south. He accused Canada of failing to maintain its forests and declared that the U.S. was being "invaded by filthy, polluted, and unhealthy air," saying the "pollution cost" must be added to the tariffs Canada already pays. There are two problems with tariffing a country over smoke. The first is that smoke is not a traded good; it is the product of a hotter, drier climate the administration denies exists, and it crosses the border on the wind regardless of any tariff schedule. The second is worse: the administration's plan includes a 50% tariff on — and potential decertification of — the Canadian-made aircraft that the United States itself depends on to fight wildfires. The specialized water-bombers that Canada builds are contracted by U.S. states and federal agencies precisely because America does not have enough of its own. Making those planes too expensive to keep under contract would degrade U.S. wildfire response — meaning Trump's answer to Canadian wildfire smoke is a policy that would leave America less able to fight the fires, Canadian and American alike, that produce it. It is a tariff on the weather, backed by a tariff on the firefighters.
Trump's Media Company — Which He Owns Nearly 60% Of — Will Sell Wall Street a Millisecond Head Start on His Own Market-Moving Truth Social Posts for Up to $100,000 a Month, Letting High-Frequency Traders Trade on Presidential Announcements Before the Public Even Sees Them
Trump Media & Technology Group unveiled "Truth API," a paid, licensed data feed that gives banks and high-frequency trading firms "the fastest" access to posts from the 10 most influential Truth Social accounts — Trump's being "by far the most prominent" — delivering them to paying clients up to a thousandth of a second before the public gets them. The fee runs up to $100,000 per month, or $60,000 a month on a three-year plan. It launches August 1, 2026, and the company says it has already signed up customers, including high-frequency trading firms and financial news organizations. The value is obvious and specific: Trump's posts routinely move markets. On April 2, 2025, his "Liberation Day" tariff post helped send stocks down nearly 5%; days later, "THIS IS A GREAT TIME TO BUY!!!" — announcing a 90-day tariff pause — sent them up 9.5%, adding $4 trillion to the S&P 500; his June 2025 "THE CEASEFIRE IS NOW IN EFFECT" post instantly moved oil. Selling a head start on those announcements to the fastest traders is, in effect, monetizing advance access to U.S. government policy. Ordinary conflict-of-interest law would bar a federal official from owning a company that profits off his office — but the president and vice president are explicitly exempt from that provision, and Trump owns roughly 60% of Trump Media (a stake worth about $2 billion on paper, held in a revocable trust controlled by Donald Trump Jr.). Ethics experts were blunt. Kathleen Clark of Washington University: "He's selling expedited, privileged access to information about what he is doing as president... yet more brazen corruption, an improper exploitation of government power to enrich himself." The Project on Government Oversight's Dylan Hedtler-Gaudette: "It's odious, selling access to the highest bidders." The move comes as Trump Media flails — DJT stock is down roughly 70% since he took office, closing around $9.66 against a pre-inauguration price near $40, with losses topping $1 billion — making the one asset that still reliably prints money the presidency itself.
Trump Posts "MY REAL POLL NUMBERS ARE THE HIGHEST THEY HAVE EVER BEEN" on the Same Day His Approval Hit a Record Low — Worse Than His Post-January 6th Numbers
On the morning of June 24, 2026, Trump posted to Truth Social: "MY REAL POLL NUMBERS ARE THE HIGHEST THEY HAVE EVER BEEN. THANK YOU!!! President DJT." He cited no poll. The actual polling, released the same week, showed the opposite: a Reuters/Ipsos survey put his approval at 34% (64% disapprove); Economist/YouGov had him at 39% (58% disapprove); American Research Group found a new low of 30%; and Marist found just one-third approve of his handling of the economy, his worst ever in that poll. The RealClearPolitics average for May 29–June 23 was 40.4% approve / 57.7% disapprove — lower than the 41.1% he averaged during his final ten days in office at the end of his first term, in the aftermath of the January 6th Capitol riot. The only favorable number was a single outlier Daily Mail poll at 47%. The decline tracks almost perfectly with economic anxiety over tariff-driven price increases, five months before the November midterms. It is at least the second time Trump has declared "highest ever" poll numbers without evidence — he made the same claim in November 2025.
Vance Crashes Supreme Court Dinner Uninvited — Chief Justice Roberts Ignores Him Completely
JD Vance showed up uninvited to a private dinner hosted by Chief Justice Roberts for his former law clerks, tagging along as a plus-one with his wife Usha. Roberts didn't give Vance special seating, didn't mention him in his remarks, and treated the Vice President of the United States as a forgettable guest. This from the man who called Roberts "profoundly wrong" for believing in checks on executive power — while Trump calls the justices "lap dogs" and "disloyal" and is trying to intimidate the court ahead of major rulings.
3,700 Trades in 3 Months: Trump's Financial Disclosure Reveals Astonishing Trading Activity as He Props and Drops Companies
Trump's financial disclosure to the Office of Government Ethics revealed 3,642 securities transactions in Q1 2026 — roughly 60 trades per trading day, valued at $220M–$750M. He's buying and selling Nvidia, Microsoft, Amazon, Meta, Boeing, and dozens more — the same companies whose stock prices move when he announces tariffs, approves chip deals, or shifts policy. Wall Street insiders called the volume "astonishing."
"I'll Remember Them": Trump Pressures Companies Not to Claim $175 Billion in Tariff Refunds the Supreme Court Says They're Owed
After the Supreme Court struck down Trump's IEEPA tariffs as unconstitutional (6–3), companies are owed up to $175 billion in refunds. Trump is now publicly pressuring them not to claim the money: calling companies that don't seek refunds "brilliant" and warning "I'll remember them." The president is using implicit threats to discourage businesses from exercising a legal right affirmed by the Supreme Court.
Trump Now Blockades the Strait He Threatened to End a Civilization to Reopen
After peace talks collapsed, Trump ordered a full U.S. Navy blockade of the Strait of Hormuz — "any and all ships" in either direction. Iran had been letting tankers through for a $2M toll. Trump spent weeks threatening to end Iran's civilization over the strait's partial closure. Now the U.S. is closing it itself.
Supreme Court Strikes Down IEEPA Tariffs 6-3
The Supreme Court ruled 6-3 that Trump lacked authority to impose tariffs under IEEPA, with Chief Justice Roberts writing he lacked "peacetime authority" to tax. Over $130 billion had already been collected.
Tariff Trade War Economic Damage
Trump's tariffs constituted the largest U.S. tax increase as a percentage of GDP since 1993, costing average households $1,500/year. The U.S. lost the equivalent of 2,800 factories. The Supreme Court ruled his tariff authority was unauthorized.