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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 Peels Back China Tariffs In Trade War Truce

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By The White House from Washington, DC - President Trump at the G20, Public Domain,

The Trump administration has reached a key deal in its ongoing trade war against China.

Early Monday morning, the U.S. and China released a joint statement revealing that “the United States and China will each lower tariffs by 115% while retaining an additional 10% tariff,” according to the White House. 

The U.S. imposed tariffs as high as 145% on Chinese goods earlier this year as the president looks to bring parity to the nation’s chronic trade deficit with foreign countries.

The move was confirmed by Treasury Secretary Scott Bessent, who told reporters: “The consensus from both delegations this weekend was neither side wants a decoupling.”

Bessent also praised Chinese officials for engaging seriously on fentanyl, saying it was “the first time the Chinese side understood the magnitude of what is happening in the US.”

Secretary of the Treasury Scott Bessent“I’m happy to report that we made substantial progress between the United States and China in the very important trade talks. First, I want to thank our Swiss host. The Swiss government has been very kind in providing us this wonderful venue, and I think that led to a great deal of productivity we’ve seen. We will be giving details tomorrow, but I can tell you that the talks were productive. We had the vice premier, two vice ministers, who were integrally involved, Ambassador Jamieson, and myself. And I spoke to President Trump, as did Ambassador Jamieson, last night, and he is fully informed of what is going on. So, there will be a complete briefing tomorrow morning.”

The truce peels back some of the harshest duties imposed under President Donald Trump’s April tariff hike, which sent U.S. levies on Chinese goods to 125%. China hit back with countermeasures and restricted key mineral exports, rattling global supply chains. Under the new agreement, Chinese tariffs drop to 10%, while U.S. tariffs fall to 30% — though the 20% fentanyl-related tariff remains untouched.

China’s commerce ministry called the move a win for “producers and consumers in both countries,” urging Washington to “completely correct” its unilateral trade posture.

The trade negotiations come as President Trump is slated to depart Washington, D.C., on Monday for visits to Saudi Arabia, Qatar and the United Arab Emirates. The president disclosed last week, when Canadian Prime Minister Mark Carney visited the White House, that he would be making “a very, very big announcement” ahead of his departure for the Middle East, but has not shared additional details. 

Trump Backs Off Powell Firing Talk As Markets Rally

The White House, Public domain, via Wikimedia Commons

President Donald Trump made clear he has “no intention” of dismissing Federal Reserve Chair Jerome Powell, despite recent public criticisms that had unsettled financial markets. Tuesday’s clarification comes after Trump had labeled Powell a “major loser” and suggested his “termination cannot come fast enough.”

The president’s assurance appeared to calm investor fears about the central bank’s independence, triggering a significant market rebound Tuesday that extended into Wednesday morning.

The S&P 500 rose by 3%, and the Nasdaq increased by 3.7%, reflecting investor relief over the reduced likelihood of political interference with the Federal Reserve. European markets also responded positively, with the Stoxx Europe 600 up 1.9% and Germany’s DAX gaining 2.8%.

Despite the president’s recent criticisms, including calls for more aggressive interest rate cuts, Trump emphasized that he never intended to remove Powell from his position. He expressed a desire for the Fed to act more decisively in lowering interest rates but acknowledged Powell’s role would continue until his term concludes in May 2026.

“I would like to see him be a little more active in terms of his idea to lower interest rates…but, no, I have no intention to fire him,” Trump told reporters in the Oval Office, according to a report from The Wall Street Journal:

U.S. stock futures and the dollar rallied following Trump’s remarks. Gold futures dropped, pulling back from record highs.

Trump’s softer tone on Powell came after he lashed out at the Fed chair, writing on social media last week, “Powell’s termination cannot come fast enough!”

But on Tuesday, Trump played down recent comments by Kevin Hassett, the director of the National Economic Council, that the administration was studying whether the president could fire Powell.

“This is a perfect time to lower interest rates. If he doesn’t, is it the end? No. It’s not,” Trump said.

Trump also addressed trade policy, signaling that tariffs on Chinese goods — currently set at 145% — could be “substantially” reduced, though not fully eliminated. The hint at a possible easing of trade tensions, combined with his reaffirmation of the Fed’s independence, fueled the global market rebound. (RELATED: Trump Softens Tariff Stance On China)

While the immediate market reaction has been positive, analysts warn that ongoing tensions between the Trump administration and the Federal Reserve — along with the prospect of slow-moving trade negotiations between the world’s two largest economies — could continue to weigh on financial markets in the weeks and months ahead.

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Wall Street Journal Board Urges Potential Trump Impeachment

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Image via Gage Skidmore Flickr

Yikes…

In a column published late Friday, a member of the Wall Street Journal editorial board claimed it would be “desirable” to subject Donald Trump to a third impeachment.

According to longtime columnist Holman W. Jenkins Jr., Trump’s on-again, off-again tariff threats almost makes it appear he wants to be impeached, with Jenkins writing, “A future Trump impeachment seemed all but guaranteed by last Wednesday morning. It seems only slightly less likely now. It may even be desirable to restore America’s standing with creditors and trade partners.”

Read more from the report:

As he sees it, the president’s last great achievement was being re-elected in 2024, and the damage he has been creating since then belies his promise of a “golden age,” so an impeachment is “already ion the cards.”

“No consensus or even significant coalition exists for trying to force into existence a new American ‘golden age’ with tariffs, which anyway is like asking a chicken to give birth to a lioness. He invented this mission out of his own confused intuition,” he accused.

Noting that conservative historian Niall Ferguson labeled Trump’s trade policy going “full retard,” he contributed, “I go with ‘neurotic’ for the word’s wider applicability to any leader who, lacking a clear bead on his times, fabricates a gratuitously ambitious mission to meet his misguided sense of importance.”

“Nobody in Mr. Trump’s orbit actually shares his belief in the magical efficacy of tariffs because it makes sense only in a world that doesn’t exist, where other countries don’t retaliate,” he pointed out before concluding, “The founders never anticipated today’s instantly responsive trillion-dollar financial markets. And yet these markets neatly adumbrate the founders’ scheme of checks and balances, also known as feedback. Mr. Trump, still sane enough to appreciate what’s good for Mr. Trump, listened this week to their feedback.”

President Donald Trump vowed on Sunday that nobody was getting “off the hook” for unfair trade balances and tariff barriers, which other countries have used against the U.S.

The Trump administration announced Friday that it was exempting imported smartphones, laptops and other electronics from reciprocal tariffs, but the president wanted to clear a few things up.

“There was no Tariff ‘exception’ announced on Friday,” Trump said in a post on X on Sunday. “These products are subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different Tariff ‘bucket.’  The Fake News knows this, but refuses to report it. We are taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations.

Customs and Border Protection issued new guidance on reciprocal tariff negotiations late Friday, noting the exemption of those goods from Trump’s April 2 executive order that declared a national emergency due to non-reciprocal trade practices and structural imbalances in the global trading system. Subsequent executive orders ramped up tariffs on China to 125%.

The updated guidance, which cites a presidential memorandum issued Friday, excluded the products from Trump’s 125% China tariff and his baseline 10% global tariff on some countries. They apply to goods that left a warehouse as of April 5.

Products included in the exemption are things like hard drives, computer processors, solar cells, semiconductor manufacturing equipment, flat-panel TV displays and memory chips.

But in light of the easing of tariffs on electronics, Commerce Secretary Howard Lutnick said Sunday the exemption would be temporary.

“They’re exempt from the reciprocal tariffs, but they’re included in the semiconductor tariffs, which are coming in probably a month or two,” Lutnick told ABC’s “This Week” on Sunday.

Lutnick’s comments Sunday made clear that more changes were on the horizon.

Navarro Recommends Trump For Nobel Prize

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White House trade adviser Peter Navarro has made it clear: President Donald J. Trump’s bold restructuring of global trade deserves the world’s highest economic recognition — the Nobel Prize in Economics.

Appearing on Fox Business, Navarro praised Trump’s unwavering commitment to putting America first at the negotiating table:

“Since President Trump has essentially taught the world trade economics, he might be up for the Nobel on economics. This is a fundamental restructuring of the international trade environment. The largest market in the world has drawn a line: you will not cheat us anymore,” Navarro said.

Under Trump’s leadership, the United States has replaced decades of bad deals with fair and reciprocal agreements. Tariffs — dismissed by critics — have functioned as tax cuts for the American economy, and inflation has stayed under control.

America First Wins on the World Stage
The Trump administration’s trade strategy is delivering results at lightning speed. Landmark agreements have been secured with the United Kingdom, European Union, and Japan, and negotiations are underway with China — the world’s second-largest economy — to ensure fair play and accountability.

Navarro summed it up:

“These deals are happening now fast and are incredibly effective.”

Nominations Rolling In
Trump’s bold leadership isn’t just earning results — it’s earning global recognition. Multiple leaders and officials have nominated him for the Nobel Peace Prize:

  • U.S. Reps. Buddy Carter (GA) and Darrell Issa (CA) for his groundbreaking Middle East peace agreements, including progress toward resolving tensions between Israel and Iran.
  • Israeli Prime Minister Benjamin Netanyahu, who presented Trump with a formal letter of nomination after the President’s push for a ceasefire between Israel and Iran.
  • Pakistani officials praised Trump’s role in de-escalating disputes with India (despite later disagreements over separate actions in the region).

The Trump Standard vs. the Obama Surprise
While Barack Obama received the Nobel Peace Prize just months into his first term without any major achievements, President Trump has delivered historic results — and still doubts the globalist establishment will give him the recognition he’s earned.

“I won’t get a Nobel Peace Prize for this, I won’t get a Nobel Peace Prize for stopping the War between India and Pakistan, I won’t get a Nobel Peace Prize for stopping the War between Serbia and Kosovo,” he wrote in a June Truth Social post, also naming conflicts in North Africa and the Middle East.

“No, I won’t get a Nobel Peace Prize no matter what I do, including Russia/Ukraine, and Israel/Iran, whatever those outcomes may be, but the people know, and that’s all that matters to me!” Trump added.

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 Announces One Month Delay on Mexico, Canada Tariffs

By The White House - https://www.flickr.com/photos/202101414@N05/54325633746/, Public Domain, https://commons.wikimedia.org/w/index.php?curid=159707159

Just in…

President Trump on Wednesday announced a one-month exemption on tariffs against Canada and Mexico for cars following a meeting with the three major U.S. automakers.

Trump spoke with the leaders of the “Big Three” automakers — Ford, General Motors and Stellantis — on the heels of imposing 25 percent tariffs on all imports from Mexico and Canada on Tuesday.

Following those discussions, Trump said in a statement read by press secretary Karoline Leavitt that the administration is giving a one-month exemption for automakers associated with the U.S.-Mexico-Canada trade agreement (USMCA), which Trump signed during his first term. 

The exemption would apply to Ford, General Motors and Stellantis, as well as companies with production facilities in the three North American countries.

Asked if there would be any other carveouts to come, Leavitt said Trump is “open to hearing about additional exemptions.”

Trump on Tuesday imposed 25 percent tariffs on imports from Canada and Mexico, as well as an additional 10 percent tariff on Chinese goods. He cited frustration over the flow of fentanyl into the United States, though experts have noted relatively little fentanyl enters the country through the northern border.

This is a breaking news story. Please check back for updates.

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.

Trump Accuses Former House Speaker Of Making ‘Dumbest’ Choice In Years

Photo via Gage Skidmore Flickr

President-elect Donald Trump blindsided former House Speaker Kevin McCarthy (R-Calif.) on Sunday calling the debt ceiling suspension approved in 2023 as “one of the dumbest political decisions made in years.”

However, while targeting the former top House GOP lawmaker, Trump leveled the criticism by describing McCarthy as a friend and a good person.

“The extension of the Debt Ceiling by a previous Speaker of the House, a good man and a friend of mine, from this past September of the Biden Administration, to June of the Trump Administration, will go down as one of the dumbest political decisions made in years. There was no reason to do it – NOTHING WAS GAINED, and we got nothing for it – A major reason why that Speakership was lost. It was Biden’s problem, not ours. Now it becomes ours,” Trump declared in the post. 

“I call it ‘1929’ because the Democrats don’t care what our Country may be forced into. In fact, they would prefer ‘Depression’ as long as it hurt the Republican Party. The Democrats must be forced to take a vote on this treacherous issue NOW, during the Biden Administration, and not in June. They should be blamed for this potential disaster, not the Republicans!” he added.

A deal passed by Congress and signed by President Joe Biden last year suspended the debt limit through Jan. 1, 2025, but Trump has been calling for the ceiling to be increased before he takes office. 

“In June 2023, the Fiscal Responsibility Act of 2023 was enacted, suspending the debt limit through January 1, 2025.  On January 2, 2025, the new debt limit will be established at the amount of outstanding debt subject to the statutory limit at the end of the previous day,” Treasury Sec. Janet Yellen wrote in a recent letter to congressional leaders. “Treasury currently expects to reach the new limit between January 14 and January 23, at which time it will be necessary for Treasury to start taking extraordinary measures. I respectfully urge Congress to act to protect the full faith and credit of the United States.”

Responding to Trump’s post about McCarthy, Rep. Chip Roy (R-Texas) wrote in a post on X, “Sadly, this bad debt ceiling extension was opposed by only 71 House Republicans 18 months ago (notably opposed by virtually the entire @freedomcaucus).”

“Democrats did vote on the recent debt ceiling increase proposal on 12/19: 197-2 against it (their price to support is very high – more spending/taxes),” Roy added. “Yes, we can & should address the debt ceiling – thru reconciliation in January with mostly GOP votes – but with real, meaningful spending cuts.”