Kyle Handley Some tariff supporters have tried to rebrand tariffs as nothing more than a consumption tax, arguing they’re just like the value-added taxes (VATs) that many other countries use. See, for example, here and here. The implication buried in these claims is that because other countries use VATs, they should be offset by US tariffs—and that any such tariffs would be ...
President Donald Trump announced Friday that he has ‘ordered two Nuclear Submarines to be positioned in the appropriate regions’ following ‘highly provocative statements’ made by former Russian President Dmitry Medvedev. Medvedev said earlier this week that Trump’s new deadline for Russia to end the conflict with Ukraine is an additional ‘step towards war.’ ‘Based on the highly provocative statements of ...
President Donald Trump issued a full-throated endorsement of Florida state Sen. Joe Gruters for the role of Republican National Committee chair after pre-endorsing him for the role last week. ‘He will be a wonderful Chairman!’ the president declared in a lengthy Truth Social post. Gruters is currently listed as the RNC’s treasurer. The president endorsed RNC national committeewoman from New ...
Colleen Hroncich Thales Academy was founded in 2007 by entrepreneur Bob Luddy, who was frustrated when he realized how poorly educated workers in his plant had been. “We had individuals working in the plant who could understand one inch or two inches but not fractions,” he told the Cato Institute. “It shocked me.” From its modest beginnings—30 students meeting in ...
President Donald Trump has signed an executive order to eliminate the long-standing de minimis tariff exemption for low-value imports into the United States—significantly increasing costs for UK exporters, global e-commerce sellers, and American consumers buying inexpensive goods from overseas. From 29 August 2025, all goods entering the US valued under $800 will be subject to full duties, based on the ...
Aston Martin Lagonda, the iconic British carmaker known for outfitting James Bond, has announced the sale of its stake in the Aston Martin Aramco Formula One Team as part of efforts to shore up its struggling balance sheet. The $146 million deal, revealed in a binding letter of intent this week, values the Formula 1 team at $3.2 billion. While ...
China is no longer building nuclear weapons solely for deterrence — it’s using them to fuel its ambitions as a dominant power in Asia, seeking to intimidate U.S. allies and undermine American influence across the region, according to a new report. The Hudson Institute warns that by the mid-2030s, China is expected to become a nuclear peer of the United ...
As President Donald Trump has faced an onslaught of legal bids to block his agenda during his second term in office, Trump-nominated Supreme Court Justice Brett Kavanaugh spoke at the U.S. Court of Appeals for the Eighth Circuit judicial conference on Thursday, according to reports. ‘Executive branches of both parties over the last 20 years have been increasingly trying to ...
Millions of car buyers who were hoping for compensation over mis-sold motor finance have been denied redress following a significant ruling by the UK Supreme Court, in a partial victory for lenders that reins in what could have been a multibillion-pound scandal. The decision overturns core elements of a 2023 Court of Appeal judgment that had favoured consumers in cases ...
Salvadorian President Nayib Bukele’s New Ideas Party has paved the way for him to potentially retain power in the Central American nation by overhauling the country’s electoral system. The new bill extends presidential terms to six years and allows for indefinite presidential re-election. The country’s presidential terms were initially five years long and immediate re-election was prohibited. However, in 2021, ...