Economy

Gold Smashes $4,400 Record as Rate-Cut Bets, Trade Wars, and Global Turmoil Ignite Safe-Haven Rush

Gold Smashes $4,400 Record as Rate-Cut Bets, Trade Wars, and Global Turmoil Ignite Safe-Haven Rush

Philip O'Connor December 23, 2025 0

Gold prices surged to a fresh all-time high on Monday, breaking above $4,400 (£3,275) an ounce for the first time,...

Trump Blames Democrats for ‘Affordability Mess’ as New Data Shows Crisis Getting Worse

Trump Claims Supreme Court Tariff Ruling Would Be ‘Biggest’ National Security Threat

Joseph Johnson December 9, 2025 0

President Donald Trump warned Tuesday that a potential Supreme Court ruling limiting his authority to impose tariffs would amount to...

ompanies across the United States are bracing for a potential financial windfall — or further uncertainty — as the Supreme Court prepares to rule on the legality of President Donald Trump’s emergency tariffs. A decision could come as early as this month, and businesses ranging from small manufacturers to major retailers like Costco are already lining up to seek refunds. The case centers on whether Trump exceeded his authority when he imposed sweeping tariffs on Chinese goods under the International Emergency Economic Powers Act. If the justices strike down the move, companies that paid elevated import duties could recover millions in overcharges. For some small businesses, the stakes are existential. Beth Benike, founder of Busy Baby, says her Minnesota-based baby-product company has been struggling ever since the tariffs jolted her supply chain and dramatically increased costs. Benike halted shipments from her Chinese supplier in April, when the administration announced a stunning 145 percent tariff on Chinese imports. The rate sent shockwaves through hundreds of small businesses that rely on overseas manufacturing and could not afford to pay the sudden jump in duties. She kept shipments paused for two months, hoping for relief. That came only partially when Trump later reduced the rate to 30 percent — a far cry from the original hike, but still enough to saddle her company with more than $40,000 in unexpected import fees. “This wasn’t something we could just absorb,” Benike said previously. “The tariffs hit us hard, and we still don’t know whether we’re getting any of that money back.” Benike is one of thousands of business owners now watching the Supreme Court closely. A ruling against the administration would open the door for companies to file retroactive claims, potentially forcing the government to return billions collected under the emergency authority. Large corporations, including national retailers and multinational distributors, have already prepared legal pathways to recover payments if the tariffs are overturned. Smaller firms like Busy Baby, which operate on tighter margins, say those refunds could determine whether they survive. Meanwhile, trade experts say the decision will have sweeping implications for how presidents wield emergency powers in economic conflicts. If the court upholds the tariffs, future administrations may feel emboldened to bypass Congress and impose major trade measures unilaterally. If the court blocks them, it could sharply curtail presidential authority over international commerce.

Companies Brace for Supreme Court Tariff Ruling That Could Trigger Massive Refunds

Joseph Johnson December 7, 2025 0

Companies across the United States are bracing for a potential financial windfall — or further uncertainty — as the Supreme...

Trump Claims Tariffs Could Eliminate Income Taxes - Economists Say It’s “Pure Fantasy”

Trump Claims Tariffs Could Eliminate Income Taxes – Economists Say It’s “Pure Fantasy”

Joseph Johnson December 6, 2025 0

President Donald Trump again claimed that revenue from his trade policies along with investment commitments tied to them - could...

U.S. Job Market Stumbles as Small Businesses Slash 120,000 Workers in Worst Drop Since 2023

U.S. Job Market Stumbles as Small Businesses Slash 120,000 Workers in Worst Drop Since 2023

Joseph Johnson December 4, 2025 0

The U.S. labor market slowdown deepened in November as private employers cut 32,000 jobs, with small businesses taking the biggest...

Democrat Sues to Strip Trump’s Name From Kennedy Center, Calling Move Unconstitutional Power Grab

Democrat Sues to Strip Trump’s Name From Kennedy Center, Calling Move Unconstitutional Power Grab

Joseph Johnson December 23, 2025 0

Trump Explodes at New York Times, Calls Newspaper a ‘National Security Threat’ and ‘Enemy of the People’

Trump Explodes at New York Times, Calls Newspaper a ‘National Security Threat’ and ‘Enemy of the People’

Joseph Johnson December 23, 2025 0

Gold Smashes $4,400 Record as Rate-Cut Bets, Trade Wars, and Global Turmoil Ignite Safe-Haven Rush

Gold Smashes $4,400 Record as Rate-Cut Bets, Trade Wars, and Global Turmoil Ignite Safe-Haven Rush

Philip O'Connor December 23, 2025 0

Bipartisan Revolt Brews as Republicans Join Democrats in Threatening Pam Bondi Over Withheld Epstein Files

Bipartisan Revolt Brews as Republicans Join Democrats in Threatening Pam Bondi Over Withheld Epstein Files

Joseph Johnson December 22, 2025 0

Parkland Shooting Survivor Dies at 26 After Years of Trauma and Mental Illness, Family Says

Parkland Shooting Survivor Dies at 26 After Years of Trauma and Mental Illness, Family Says

Lisa Kenney December 22, 2025 0