Tracy Park
The Latest
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Trump Administration Imposes Port Fees on Chinese-Built Ships to Bolster U.S. Shipbuilding Industry
The Trump administration announced sweeping new port fees on Chinese-built ships Thursday, escalating trade tensions with Beijing and seeking to revitalize America's diminished shipbuilding sector. The fees, phased in over the next three years, follow a U.S. Trade Representative investigation that concluded China's maritime and shipbuilding practices "burden or restrict U.S. commerce." 
The Trump administration announced sweeping new port fees on Chinese-built ships Thursday, escalating trade tensions with Beijing and seeking to revitalize America's diminished shipbuilding sector. The fees, phased in over the next three years, follow a U.S. Trade Representative investigation that concluded China's maritime and shipbuilding practices "burden or restrict U.S. commerce." -
Nearly 1,500 CFPB Jobs Cut in One Day as Trump Reshapes Consumer Watchdog
The Consumer Financial Protection Bureau is laying off nearly 90% of its workforce, a sweeping move by the Trump administration to curtail the agency's enforcement powers and reshape its mission, according to internal communications and court filings. 
The Consumer Financial Protection Bureau is laying off nearly 90% of its workforce, a sweeping move by the Trump administration to curtail the agency's enforcement powers and reshape its mission, according to internal communications and court filings. -
Trump Blocked Israeli Strike on Iran, Initiates Direct Nuclear Talks Instead
President Donald Trump rejected Israeli proposals for a joint military strike on Iran's nuclear facilities, opting instead to pursue direct diplomatic negotiations with Tehran, according to multiple U.S. and Israeli officials cited in a report published Wednesday by The New York Times. 
President Donald Trump rejected Israeli proposals for a joint military strike on Iran's nuclear facilities, opting instead to pursue direct diplomatic negotiations with Tehran, according to multiple U.S. and Israeli officials cited in a report published Wednesday by The New York Times. -
Trump Calls for Fed Chair Powell’s Termination Over Rate Policy, Slams Fed’s Delay on Rate Cuts
Former President Donald Trump escalated his criticism of Federal Reserve Chair Jerome Powell Thursday, urging his removal for what he described as a failure to act swiftly enough on interest rates. The outburst, posted on Trump's Truth Social platform, came just a day after Powell delivered a warning about the potential economic repercussions of Trump's aggressive tariff policies. 
Former President Donald Trump escalated his criticism of Federal Reserve Chair Jerome Powell Thursday, urging his removal for what he described as a failure to act swiftly enough on interest rates. The outburst, posted on Trump's Truth Social platform, came just a day after Powell delivered a warning about the potential economic repercussions of Trump's aggressive tariff policies. -
Powell Warns Trump’s Tariffs Could Trigger Fed Dilemma as Inflation and Growth Diverge
Federal Reserve Chair Jerome Powell warned Wednesday that President Donald Trump's sweeping tariffs could place the central bank in an increasingly difficult position, potentially forcing it to choose between combating inflation and supporting economic growth - a dilemma not seen in decades. 
Federal Reserve Chair Jerome Powell warned Wednesday that President Donald Trump's sweeping tariffs could place the central bank in an increasingly difficult position, potentially forcing it to choose between combating inflation and supporting economic growth - a dilemma not seen in decades. -
Japan Set to Kick Off Tariff Talks with Trump as 25% Auto Duty Hangs in Balance
Japan is poised to launch trade negotiations with the United States in Washington on Wednesday, making it one of the first countries to test President Donald Trump's openness to modifying the sweeping tariffs he recently imposed. The talks come as the White House fields requests from more than 75 countries seeking exemptions under Trump's 90-day pause on reciprocal tariff increases. 
Japan is poised to launch trade negotiations with the United States in Washington on Wednesday, making it one of the first countries to test President Donald Trump's openness to modifying the sweeping tariffs he recently imposed. The talks come as the White House fields requests from more than 75 countries seeking exemptions under Trump's 90-day pause on reciprocal tariff increases. -
IRS Faces Massive Staff Exodus as 20,000 Employees Eye Trump’s Buyout Offer
Roughly 20,000 Internal Revenue Service employees have signaled interest in accepting the Trump administration's latest deferred resignation offer, potentially slashing the agency's workforce by around 20%, according to government sources. The figure represents a significant escalation in the administration's broader drive to streamline federal operations, which has included layoffs, resignations, and job offer cancellations across several departments. 
Roughly 20,000 Internal Revenue Service employees have signaled interest in accepting the Trump administration's latest deferred resignation offer, potentially slashing the agency's workforce by around 20%, according to government sources. The figure represents a significant escalation in the administration's broader drive to streamline federal operations, which has included layoffs, resignations, and job offer cancellations across several departments. -
Pentagon Places Second Official on Leave Amid Probe Into Signal Chat Leaks
A second senior Pentagon official under Defense Secretary Pete Hegseth was placed on administrative leave Tuesday amid ongoing investigations into unauthorized leaks of national security information. 
A second senior Pentagon official under Defense Secretary Pete Hegseth was placed on administrative leave Tuesday amid ongoing investigations into unauthorized leaks of national security information. -
U.S. Lawyers Accuse Trump Officials of Ignoring Supreme Court Order in Kilmar Abrego Garcia Case
The Trump administration is facing renewed legal pressure after attorneys for a Maryland man deported to El Salvador accused federal officials of ignoring a Supreme Court order to facilitate his return to the United States. The case of Kilmar Abrego Garcia, now detained in El Salvador's maximum-security CECOT prison, has become a flashpoint in the administration's broader immigration enforcement strategy. 
The Trump administration is facing renewed legal pressure after attorneys for a Maryland man deported to El Salvador accused federal officials of ignoring a Supreme Court order to facilitate his return to the United States. The case of Kilmar Abrego Garcia, now detained in El Salvador's maximum-security CECOT prison, has become a flashpoint in the administration's broader immigration enforcement strategy. -
New Trump Tariff Threat Targets Pharmaceuticals and Semiconductors, Raising Supply Chain Fears
The Trump administration has initiated national security investigations into imported pharmaceuticals and semiconductors, potentially paving the way for new tariffs and amplifying tensions in an already unsettled global economy. Notices filed to the Federal Register indicate a swift timeline, with public comments due within 21 days of Wednesday's official publication, and final determinations mandated within 270 days. 
The Trump administration has initiated national security investigations into imported pharmaceuticals and semiconductors, potentially paving the way for new tariffs and amplifying tensions in an already unsettled global economy. Notices filed to the Federal Register indicate a swift timeline, with public comments due within 21 days of Wednesday's official publication, and final determinations mandated within 270 days.
