Washington, D.C.—April 2025—The U.S. Treasury has reported a budget surplus of $258 billion for April, marking a significant 23% increase compared to the same month in 2024. The surplus is primarily attributed to robust tax receipts at the end of the tax season and heightened customs duties following President Trump’s increased tariffs on Chinese imports….
Tensions between the United States and China are escalating, prompting experts to warn that the Asia-Pacific region must prepare for the impact of a new Cold War. As economic competition turns into strategic rivalry, both nations bolstered their military capabilities and strengthened regional alliances, raising concerns about long-term stability. Military Buildup and Strategic Positioning China…
In a significant move to combat veteran homelessness, President Donald Trump has directed Secretary of Veterans Affairs Doug Collins to establish the National Center for Warrior Independence at the West Los Angeles VA campus. The initiative aims to provide housing and support services for up to 6,000 veterans by 2028, addressing a critical issue in…
Washington, D.C./Beijing – May 12, 2025 – The United States and China have officially signed a new trade agreement, marking a significant shift in economic relations between the two global superpowers. The deal, announced earlier today, aims to ease tariffs, improve market access, and stabilize financial markets after years of trade tensions. Key Provisions of…
In a surprising turn of events, India and Pakistan have agreed to a full and immediate ceasefire following days of escalating military tensions. The announcement came from former U.S. President Donald Trump, who claimed the ceasefire was brokered through U.S.-led mediation. However, the agreement’s details remain contested, with India asserting that the truce was reached…
Washington, D.C. — May 10, 2025 China’s exports to the United States have plummeted, marking a significant shift in trade patterns and underscoring the impact of President Donald Trump’s new tariff policy. The decline in Chinese shipments follows the introduction of a 10% baseline tariff on imports, which has reshaped business strategies and forced industries…
Trade tariffs have long been a tool used by U.S. presidents to protect domestic industries, negotiate trade deals, and influence global economic dynamics. Trump’s permanent 10% baseline tariff aligns with past protectionist policies but also differs in key ways. 1. The Smoot-Hawley Tariff Act (1930) One of the most infamous tariff policies in U.S. history,…
Vatican City—Cardinal Robert Francis Prevost was elected Pope Leo XIV on Thursday, making history as the first American pope and the 267th leader of the Roman Catholic Church. His election followed Pope Francis’s death on April 21 and a two-day conclave in which 133 cardinals reached the required two-thirds majority. Prevost, born in Chicago in…
Washington, D.C. — Former U.S. Senator David Perdue has officially been sworn in as the new U.S. ambassador to China, marking a significant transition in diplomatic relations between the two global powers. Perdue, a Republican who represented Georgia in the Senate from 2015 to 2021, steps into the role at a critical juncture, as tensions…
Washington, D.C. – The Federal Reserve has warned about the growing risk of stagflation, a rare economic condition marked by high inflation, slow growth, and rising unemployment. Fed Chair Jerome Powell emphasized that the central bank keeps interest rates unchanged while assessing the impact of former President Donald Trump’s aggressive trade policies. Trump, who has…
