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Trump Pauses Tariffs For One Month After Talks With Mexico

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Trump at the border wall via Wikimedia Commons

Mexico‘s President Claudia Sheinbaum Pardo has announced a temporary suspension of tariffs for one month following a productive conversation with U.S. President Donald Trump. The move comes as part of a broader effort to address critical security and economic concerns between the neighboring countries.

As part of the agreement, Mexico will deploy 10,000 troops to bolster security along the U.S.-Mexico border. In return, the U.S. has pledged to ramp up efforts to curb firearm trafficking into Mexico, a persistent issue fueling cartel violence.

CNBC repots:

Sheinbaum also said in a tweet, that after speaking with Trump, Mexico “will immediately reinforce” its northern border with the U.S. with 10,000 National Guard soldiers “to prevent drug trafficking from Mexico to the United States, particularly fentanyl.”

“We had a good conversation with President Trump with great respect for our relationship and sovereignty; we reached a series of agreements,” Sheinbaum wrote in the tweet, according to a translation from Spanish.

“The United States is committed to working to prevent the trafficking of high-powered weapons to Mexico,” she wrote.

The announcement underscores the ongoing collaboration between Mexico and the U.S. on border security and trade, particularly as both nations navigate shifting political landscapes.

Article Published With The Permission of American Liberty News

Canada Threatens To Retaliate Against U.S. If Trump Admin. Imposes Sweeping Tariff

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The premier of a critical region in Canada is threatening to cut off energy and critical oil exports to the U.S. if President-elect Donald Trump implements a tariff on all Canadian products. 

Trump recently threatened a 25% tariff on all Canadian and Mexican exports in an effort to stop the flow of illegal immigration and drugs coming into the U.S.

Doug Ford, the premier of Ontario, said that he would consider retaliatory measures against the U.S. if the incoming president acted on his promise.

“We will go to the extent of cutting off their energy – going down to Michigan, going down to New York State and over to Wisconsin,” Ford, who represents a region known for its crude oil production, told reporters. 

The premier added that other officials in the country are reportedly identifying ways they can hurt U.S. exports if Trump enacts a tariff.

“Some premiers proactively identified products that their provinces produce and export to the United States and which the U.S. relies on, and which should be considered as part of the Canadian response. This included some critical minerals and metals,” Ford said.

“Canadians get hurt, but I can assure you one thing: the Americans are going to feel the pain as well, and isn’t that unfortunate?” Ford said.

Trump has responded to the threats, saying “that’s okay if he does that.”

“The United States is subsidizing Canada, and we shouldn’t have to do that,” Trump told CNBC at the New York Stock Exchange on Thursday. “And we have a great relationship. I have so many friends in Canada, but we shouldn’t have to subsidize a country.”

However, a Canadian political science professor noted Ford might not be able to unilaterally cut off the province’s energy supply to the U.S.

“I do not believe Ontario could unilaterally stop electricity exports to the U.S. without Ottawa’s approval. Similarly, Michigan cannot unilaterally stop the flow of western Canadian natural gas to eastern Canada without Washington’s approval,” University of Toronto political science Professor Nelson Wiseman told Now Toronto in response to Ford’s retaliatory threat.

Trump Puts China On Notice With First Wave Of Tariffs

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By Dan Scavino - https://twitter.com/Scavino45/status/1069069893549490176, Public Domain, https://commons.wikimedia.org/w/index.php?curid=80055244

President Donald Trump announced he is planning a 10 percent tariff on Chinese imports on Feb. 1 over the country’s role in fentanyl trafficking. 

“We’re talking about a tariff of 10% on China, based on the fact that they’re sending fentanyl to Mexico and Canada,” Trump told reporters at the White House on Tuesday. “Probably February 1st is the date we’re looking at.” 

When asked about a conversation he had with Chinese President Xi Jinping ahead of his inauguration this week, Trump added that “We didn’t talk too much about tariffs other than he knows where I stand.” 

During his campaign, Trump threatened tariffs as high as 60 percent on goods from China. He recently pledged on Truth Social to create an “External Revenue Service” to “collect our Tariffs, Duties, and all Revenue that come from Foreign sources.” 

At a press briefing Wednesday, Chinese foreign ministry spokesperson Mao Ning told reporters that “We always believe that there is no winner in a trade war or tariff war,” according to Reuters. 

In late November, Trump wrote on his Truth Social account that he would implement such tariffs on Jan. 20 as one of his first Executive Orders and that the tariffs “will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!” 

Those promised tariffs haven’t gone into effect yet, but on Monday, Trump did sign an executive order titled “America First Trade Policy.” 

“The Secretary of Commerce, in consultation with the Secretary of the Treasury and the United States Trade Representative, shall investigate the causes of our country’s large and persistent annual trade deficits in goods, as well as the economic and national security implications and risks resulting from such deficits, and recommend appropriate measures, such as a global supplemental tariff or other policies, to remedy such deficits,” the order says. 

“The Secretary of the Treasury, in consultation with the Secretary of Commerce and the Secretary of Homeland Security, shall investigate the feasibility of establishing and recommend the best methods for designing, building, and implementing an External Revenue Service (ERS) to collect tariffs, duties, and other foreign trade-related revenues,” it adds. 

On Wednesday, President Donald Trump in a Truth Social post said he will institute tariffs on Russia if the yearslong invasion of Ukraine doesn’t come to an end.

Read Trump’s lengthy statement below:

I love the Russian people, and always had a very good relationship with President Putin – and this despite the Radical Left’s Russia, Russia, Russia HOAX,” he said, referring to allegations from Sen. Adam Schiff (D-Calif.) and others that he colluded with Moscow to defeat Hillary Clinton.

“We must never forget that Russia helped us win the Second World War, losing almost 60,000,000 lives in the process. All of that being said, I’m going to do Russia, whose Economy is failing, and President Putin, a very big FAVOR. Settle now, and STOP this ridiculous War! IT’S ONLY GOING TO GET WORSE,” Trump wrote.

“If we don’t make a “deal,” and soon, I have no other choice but to put high levels of Taxes, Tariffs, and Sanctions on anything being sold by Russia to the United States, and various other participating countries. Let’s get this war, which never would have started if I were President, over with.”

‘We can do it the easy way, or the hard way – and the easy way is always better. It’s time to “MAKE A DEAL.” NO MORE LIVES SHOULD BE LOST!!!”

Trump Says He Aims To Suspend Gas Tax

President Donald Trump said Monday that he supports temporarily suspending the federal gas tax as Americans face soaring fuel prices ahead of the busy Memorial Day travel season.

“I think it’s a great idea,” Trump said during a phone interview with CBS News. “Yup, we’re going to take off the gas tax for a period of time, and when gas goes down, we’ll let it phase back in.”

Gas prices have surged more than 50% since the start of the Iran war on Feb. 28, with the national average climbing above $4.52 per gallon on Sunday, according to AAA. Analysts warn prices could remain elevated as tensions in the Middle East continue and Iran blocks access to the Strait of Hormuz, a key global oil shipping route.

The federal gas tax currently adds 18.4 cents per gallon to gasoline prices and 24.4 cents per gallon to diesel fuel. However, suspending the tax would require approval from Congress and could cost the federal government roughly $500 million per week in lost revenue.

Several Democrat lawmakers have already introduced legislation aimed at either lowering or temporarily suspending the federal gas tax to provide relief to consumers struggling with higher prices at the pump.

Revenue generated by the federal gas tax funds the Highway Trust Fund, which supports road construction and repairs, along with other transportation and transit projects across the country.

The push for relief comes as AAA projects a record-breaking Memorial Day travel weekend. According to the organization, roughly 45 million Americans are expected to travel at least 50 miles from home between May 21 and May 25, slightly surpassing last year’s total.

Of those travelers, an estimated 39.1 million are expected to drive to their destinations despite fuel prices reaching their highest levels since 2022. AAA also warned drivers to expect the heaviest traffic congestion on May 21 and 22 between 3 p.m. and 6 p.m., as well as during the afternoon of May 25. Sunday is expected to be the lightest travel day of the holiday weekend.

Meanwhile, about 3.66 million Americans are expected to fly during the holiday period, accounting for roughly 8% of all travelers. AAA noted that round-trip domestic airfare is currently about 6% cheaper than it was last year.

However, Trump’s idea to pause the federal gas tax faces an uphill climb in Congress.

While rank-and-file GOP lawmakers are eager to get Trump’s backing on any plan to address cost-of-living concerns in a midterm election year, top Republicans are hesitant to endorse the gas tax idea, according to reporting from The Hill.

Trump’s proposal for a federal gas tax holiday got some initial enthusiasm Monday, with Sen. Josh Hawley (R-Mo.) and Rep. Anna Paulina Luna (R-Fla.) quickly saying they would introduce legislation to suspend the 18.4-cent-per-gallon federal tax.

However, Senate Majority Leader John Thune (R-S.D.) pointed out that it supports the Highway Trust Fund, which finances the Interstate Highway System and other surface transportation systems. 

“The best way to get gas prices to normalize in my view is to get the strait open,” Thune said Monday, referring to the Strait of Hormuz. “We do have a Highway Trust Fund and it does perform an important service in making sure that we’ve got highways and roadways across our country that are serviceable.”

Trump Says U.S. May ‘Almost Completely’ Scrap Income Tax Due to Tariff Revenue

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President Donald Trump holds a press conference with Attorney General Pam Bondi and Deputy Attorney General Todd Blanche in the James S. Brady Press Briefing Room on Friday, June 27, 2025. (Official White House Photo by Molly Riley)

President Donald Trump late Thursday said that the United States may “almost completely” eliminate the income tax due to the rising tariff revenue.

“In the next couple of years, I think we’ll substantially be cutting, or maybe cutting out completely, but we’ll be cutting income tax,” Trump said during an event on Thursday.

“Could be almost completely cutting it because the money we’re taking in is going to be so large,” he added.

The Congressional Budget Office (CBO) in June projected that the tariff increases will reduce the federal deficit by $2.8 trillion over the next decade.

Breitbart News reports:

The tariff estimate covers measures implemented between January 6 and May 13, 2025. These include a 30 percent levy on imports from China and Hong Kong, 25 percent duties on autos, auto parts, steel, and aluminum, a 10 percent general tariff on most other imports, and the elimination of duty-free treatment for low-value Chinese shipments.

CBO estimates that, before accounting for economic side effects, the new tariffs will reduce primary deficits by $2.5 trillion and cut interest payments by another $500 billion, for a total deficit reduction of $3.0 trillion. After factoring in modest economic drag — slightly lower GDP and temporarily higher inflation — the net deficit reduction is pegged at $2.8 trillion.

Watch:

Earlier in November, Commerce Secretary Howard Lutnick said that Trump is proposing a tariff dividend check so that Americans understand the impact of Trump’s tariff policies.

“Well, look, the President wants to make sure the American people understand that the tariffs are there for their benefit, right? That it’s — yes, it’s going to drive down our deficit. Yes, it’s going to make the country stronger,” Lutnick said on Fox Business Network’s Kudlow show.

“But he wants the people of America, the American people to appreciate these tariffs, and he knows if he puts money into their pocket and says, ‘Look, this was paid for by the tariffs,’ they’ll better understand how important this is for America. And so, that’s why he’s talking about it.”

Musk Mulls ‘DOGE Dividend’ Checks For Americans

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Image via Pixabay free images

Could Americans be in for a payday?

Elon Musk expressed interest in a proposal to use savings from the Department of Government Efficiency (DOGE) to give taxpayers a “DOGE dividend” payment.

X user James Fishback wrote a post that tagged Musk and outlined his plan to take 20% of the savings found by DOGE to send it back “to hard-working Americans as a tax refund check. It was their money in the first place!”

Fishback noted that if DOGE achieves its goal of cutting $2 trillion in federal spending, that would provide the 78 million taxpaying households in the U.S. with about a $5,000 refund or “DOGE dividend” per household, with the remainder used to pay down the national debt.

“Will check with the President,” Musk replied in response to Fishback’s post.

Although DOGE has set a high-end goal of $2 trillion in savings, Musk has suggested that $1 trillion in savings would be a success and explained that goal in an appearance with President Donald Trump on Fox News’ “Hannity” on Tuesday night.

“The overall goal is to try to get a trillion dollars out of the deficit,” Musk said. “If the deficit is not brought under control, America will go bankrupt.” 

“This is a very important thing for people to understand. A country is no different from an individual, in that if an individual overspends, an individual can go bankrupt. And so can a country,” he said. “And the massive waste, fraud and abuse that has been going on, which is leading to a $2 trillion a year deficit.”

DOGE claims an estimated $55 billion in savings achieved to date from canceling certain federal leases and contracts, asset sales, fraud deletion, regulatory savings and workforce reductions.

Musk wrote in a post on Wednesday, “We need to balance the budget as first priority,” in a response to a post by Scott Adams that raised concerns the DOGE dividend could result in the government using the DOGE savings as a “piggy bank.”

Trump Says Americans May Soon Pay ‘No Income Tax’

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President Donald Trump on Tuesday floated the idea that Americans could see their federal income taxes drastically reduced—or potentially eliminated—if tariff revenue continues to rise, calling the amounts collected under his administration “so great… so enormous” that the government may be able to abandon the current system.

Speaking to reporters in a post–cabinet meeting press gaggle, Trump said, “at some point in the not too distant future you won’t even have income tax to pay,” arguing that tariff-driven revenue could eventually replace money now raised through taxes on wages and personal income.

“Whether you get rid of it or just keep it around for fun or have it really low, much lower than it is now, but you won’t be paying income tax,” Trump added.

If pursued, the proposal would amount to one of the biggest shifts in the U.S. tax structure in generations. The federal income tax is a central funding source for Washington, while tariffs—taxes on imported goods—have historically played a smaller role in modern federal budgeting. Trump, however, has repeatedly praised an older era of American finance, when the federal government relied more heavily on customs duties and other consumption-style taxes.

“It’s time for the United States to return to the system that made us richer and more powerful than ever before,” the president said in January. “Instead of taxing our citizens to enrich foreign nations, we should be tariffing and taxing foreign nations to enrich our citizens.”

Trump has previously previewed narrower versions of the same concept. Earlier in his second administration, he floated eliminating income tax for individuals earning under $150,000, again describing tariffs as the replacement revenue stream. That idea—like full repeal—would still require major legislative action and raise large questions about how the federal government would maintain funding levels for defense, Social Security and Medicare administration, interest payments on the national debt, and other functions now supported by income-tax receipts.

The president has also framed the idea as a common-sense bargain rather than a technical redesign of federal finance. Asked by podcaster Joe Rogan whether he was serious about eliminating personal income taxes, then-candidate Trump replied, “Yeah, sure, why not?” and suggested tariffs could fund government operations “instead of wage taxes.”

Even if the White House embraces the concept, the path to implementation is steep. Eliminating or dramatically shrinking the income tax would require rewriting large sections of the tax code—changes that must pass Congress and withstand scrutiny from budget scorekeepers and lawmakers concerned about deficits, household costs, and the economic consequences of sharply expanding tariffs. Those hurdles could be especially high amid tight margins in the House, where leadership often struggles to keep large coalitions together on complex fiscal votes.

Trump’s views on taxation have also shifted over time. During his brief exploration of a 1999 presidential run under the Reform Party banner, Trump considered a one-time “net worth” tax for people with wealth over $10 million—an approach that contrasts with his current push to shift more of the federal tax burden toward imports.

While outright abolition of the income tax has traditionally been a fringe policy idea, Trump’s increasingly explicit endorsement has pushed it closer to mainstream political debate—especially as tariffs become a larger and more central feature of his economic message.

Supreme Court Rules On Trump Tariffs

The Supreme Court on Friday delivered a significant blow to President Donald Trump’s trade agenda, ruling that he cannot use a national emergency law to impose sweeping tariffs on most U.S. trading partners without clearer authorization from Congress.

In a 6–3 decision, the justices struck down Trump’s so-called “Liberation Day” tariffs, which included a 10% global import duty and higher “reciprocal” tariffs targeting certain nations. Trump has argued the policy was essential to protecting American industry and described it as “life or death” for the U.S. economy.

At the center of the case was Trump’s use of the International Emergency Economic Powers Act (IEEPA), a statute designed to give presidents broad authority to respond to “unusual and extraordinary threats” after declaring a national emergency.

In April, Trump declared the nation’s growing trade deficit a “national emergency,” and his administration cited that declaration as the legal foundation for imposing the tariffs.

Supporters of the policy argued the tariffs were necessary to counter unfair foreign trade practices and to defend American workers from decades of global economic imbalance. However, the Supreme Court ruled that IEEPA does not provide the president with unilateral power to impose tariffs on such a broad scale.

While the law allows presidents to “regulate…importation” during emergencies, it does not explicitly mention tariffs — a key point raised repeatedly during oral arguments held in November.

Several justices, including some appointed by Trump, questioned whether Congress intended IEEPA to serve as a tool for taxation-like powers, traditionally reserved for lawmakers.

Administration lawyers argued that regulating imports through tariffs is effectively the same as other emergency economic actions such as sanctions or embargoes. But the Court appeared unconvinced that the statute provides sufficient guardrails for such a sweeping policy.

The Supreme Court took up the case after multiple lower courts blocked the tariffs.

Earlier this year, the U.S. Court of International Trade ruled unanimously that Trump does not have “unbounded authority” under emergency law to impose tariffs. The U.S. Court of Appeals for the Federal Circuit upheld that decision, pressing the administration on why Trump relied on IEEPA rather than more specific tariff statutes passed by Congress.

Those laws typically include limits, timelines, and congressional oversight — restrictions the administration sought to bypass through emergency authority.

The Justice Department urged the Court to allow the tariffs to remain in place, warning that denying tariff authority under IEEPA could leave the United States vulnerable to foreign retaliation and without “effective defenses” in global trade disputes.

Trump has long maintained that persistent trade deficits represent a serious economic threat and that strong executive action is necessary when Congress fails to respond quickly.

The ruling represents not only a setback for Trump’s trade strategy but also a major decision defining the limits of presidential power in economic emergencies.

Trump To Ban Corporations Buying Single-Family Homes

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President Donald Trump announced on Wednesday a plan to ban “large institutional investors” from buying “more single-family homes.”

In a Truth Social post, the president declared the “American dream is increasingly out of reach for far too many people, especially younger Americans.” He blamed economic struggles on former President Joe Biden while announcing his plan to restrict home buying by companies.

Trump wrote:

For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people, especially younger Americans. It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes, not corporations. I will discuss this topic, including further Housing and Affordability proposals, and more, at my speech in Davos in two weeks.

Mediaite reported the housing market has faced challenges in recent years, with inflation and other economic issues leading to fewer and younger people actually buying homes. According to data from the National Association of Realtors (NAR), the average age of a first-time home buyer is around 40, a big jump from previous years. According to the 2025 data, first-time home buyers dropped to a record low of 21%.

The Hill noted that the proposed ban could prove to be a way in for Trump and Republicans to address the issue of affordability ahead of this year’s midterm elections. The president and his Republican allies have struggled to message on the issue as inflation persists and as Democrats have won a number of special and off-year elections.

In his TruthSocial post, the president laid blame on former President Biden for current inflation, which have remained stagnant during Trump’s second-term so far.

“For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people, especially younger Americans,” the president noted. 

Trump Holds ‘Productive’ Call With New Canadian Prime Minister

President Donald Trump said he held an “extremely productive call” with Canadian Prime Minister Mark Carney on Friday. 

“I just finished speaking with Prime Minister Mark Carney, of Canada. It was an extremely productive call, we agree on many things, and will be meeting immediately after Canada’s upcoming Election to work on elements of Politics, Business, and all other factors, that will end up being great for both the United States of America and Canada,” Trump wrote on his Truth Social account. 

It was the first time the two leaders have spoken.

On Thursday, Carney said the “old relationship” with the U.S. “is over” while vowing to engage in a renegotiation over a trade agreement.  

Carney, 60, won the Liberal leadership this month with 86% of the vote after former Prime Minister Justin Trudeau stepped down.

In an address to reporters in Ottawa on Thursday, Carney offered a blunt rebuke to the Trump administration as it prepares to slap a 25 percent tariff on foreign car imports — a move the prime minister said won’t go unanswered.

“The old relationship we had with the United States, based on deepening integration of our economies and tight security and military co-operations, is over,” Carney said.

He continued: “What exactly the United States does next is unclear. But what is clear is that we, as Canadians, have agency. We have power. We are masters in our own home. We can control our destiny. We can give ourselves much more than any foreign government, including the United States, can ever take away.”

He added: “We can deal with this crisis best by building our strength right here at home. It will take hard work. It will take steady and focused determination from governments, from businesses, from labour, from Canadians. We will need to dramatically reduce our reliance on the United States. We will need to pivot our trade relationships elsewhere. And we will need to do things previously thought impossible at speeds we haven’t seen in generations.”

Carney vowed a “broad renegotiation” of Canada’s trade and security ties with the U.S., marking a sharp departure from the conventional diplomacy that has long defined cross-border relations.

“We will fight back with everything we have to get the best deal for Canada. We will build an independent future for our country, stronger than ever,” Carney said, promising “retaliatory trade actions” designed for “maximum impact in the US and minimum impacts in Canada.”