Tag:
Treasury
Arlington, VA
Business
Trump Slaps 25% Tariffs On Japan, South Korea As Global Trade Deals Deadline Nears
President Donald Trump will impose 25% tariffs on imports from Japan and South Korea, just two days before a pause on his "liberation day" duties is set to expire. Trump released screenshots of letters announcing the new tariffs on his social media platform Truth Social on Monday, July 7. The letters were addressed to Japanese Prime Minister Ishiba Shigeru and South Korean President Lee Jae-myung. Both letters say the US will begin charging the new tariff rate on Thursday, Aug. 1. "Please understand that these Tariffs are necessary to correct the many years of Japan's Tariff, and…
Arlington, VA
Business
US, China Cut Tariffs In 'Substantial De-Escalation' Of Trump's Trade War
The US and China are stepping back from extremely high retaliatory tariffs placed on each other, lowering the duty rates to ease tensions and negotiate a potential trade deal. The White House announced the tariff-lowering agreement on Monday, May 12. Both countries will reduce their tariffs to a baseline 10% rate, with the US continuing to impose its 20% tariff on China related to fentanyl. The drastic reduction comes after President Donald Trump dramatically raised tariffs on Chinese imports to a combined 145%, causing Beijing to retaliate with a 125% tariff on US goods. The agreement also…
Simsbury, CT
Politics
Trump Wants US Treasury To Stop Making Pennies: Here's Why
President Donald Trump is calling for an end to the production of pennies, arguing that the cost of minting them far exceeds their actual value. As he departed the Super Bowl in New Orleans on Sunday night, Trump took to Truth Social to announce his directive to halt penny production, calling it a "wasteful" government expense. "For far too long the United States has minted pennies which literally cost us more than 2 cents," Trump wrote. "Let's rip the waste out of our great nations budget, even if it's a penny at a time." The financial burden of the penny has long been debated. Acco…
DV Plus - Westchester, NY
Politics
Greenburgh Supervisor Challenged In November For First Time Since 2007
One of Westchester County's longest-serving town supervisors is facing a rare challenge at the polls this fall. For the first time in a dozen years, longtime Greenburgh Supervisor Paul Feiner, a Democrat and former county legislator, will have an opponent on Nov. 5. Independent challenger Lucas Cioffi will be on the ballot this fall appearing on the Greenburgh Party line. Feiner has served the town as supervisor for the last 28 years. The last time he faced any opposition was in the 2013 Democratic primary election, which Feiner won. Cioffi, a 39-year-old software engineer and entrepreneur…
