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Tue, Mar 24, 2026

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EU Says Trump's Tariff Workaround Violates Trade Deal

EU Says Trump's Tariff Workaround Violates Trade Deal

Update (1715ET): Europe is now getting 'legal' over the whole thing - claiming that Trump's new tariff workaround violates levels permitted in their trade agreement, Bloomberg reports.

The European Commission, which handles trade matters for the bloc, told lawmakers Monday that the new global tariff will be added to levies that are already in place, according to Bernd Lange, chair of the European Parliament’s trade committee. The new cumulative rate means some goods would be above the 15% ceiling the EU and US agreed to in their trade deal.

Under Trump’s new tariff program, some products including butter, plastics, textiles and chemicals would have levies above that 15% ceiling, according to people familiar with the commission’s assessment. The new global tariffs can stay in place for as many as 150 days. 

Newsom Says He's Like Blacks Because He 'Can't Read' And Got Low SAT Score

Newsom Says He's Like Blacks Because He 'Can't Read' And Got Low SAT Score

California Governor Gavin Newsom (D) needs to work on his pandering skills - after telling a crowd of black people that he's just like them because he can't read and got a low SAT score

"I’m not trying to impress you, I’m just trying to impress upon you, ‘I’m like you. I’m not better than you.’ I’m a 960 SAT guy," Newsom told Atlanta Mayor Andre Dickins during a Sunday night event promoting his new book. 

Iran Strike Debate Erupts: Joint Chiefs Chair Allegedly Resists, Trump Fires Back

Iran Strike Debate Erupts: Joint Chiefs Chair Allegedly Resists, Trump Fires Back

Military generals tend to be much more realistic about the potential negative consequences of going to war, as well as difficulties and challenges, over and against the often more hawkish policy-makers.

What Causes Stagflation?

What Causes Stagflation?

Authored by Frank Shostak via The Mises Institute,

In the late 1960’s Edmund Phelps and Milton Friedman challenged the popular view that there can be a sustainable trade-off between inflation and unemployment. In fact, over time, according to Friedman, expansionary central bank policies set the platform for lower economic growth and a higher rate of inflation (i.e., stagflation). A famous case of stagflation occurred during the 1974-75 period. In March 1975, industrial production fell by nearly 13 percent year-on-year while the yearly growth rate of the consumer price index (CPI) jumped to around 12 percent.

Khamenei Prepares Secretive Succession Plan In Case He's Assassinated 

Khamenei Prepares Secretive Succession Plan In Case He's Assassinated 

As US carriers deploy in the Mideast region and with tense nuclear talks inching forward in Geneva, Iran's Supreme Leader Ayatollah Ali Khamenei is reportedly taking Washington threats of assassination very seriously.

According to a Sunday report by The New York Times, Khamenei has quietly established detailed succession plans and emergency chains of command in the event he - or other top regime figures - are killed in potential US or Israeli strikes.

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