U.S. customs duty revenue has surged past $100 billion for the first time in a fiscal year, a sharp departure driven by recently expanded tariffs. The increase has yielded unexpected budget surpluses and established tariffs as a significant source of federal income. Customs collections in June alone reached $27.2 billion gross (netting[Read More…]

The White House has seized on the Federal Reserve’s controversial headquarters renovation project in Washington, D.C., as potential justification to remove Chair Jerome Powell. The dispute, centered on a reported $2.5 billion refurbishment of the Fed’s main building at Constitution Avenue NW, has escalated into a broader political challenge to the[Read More…]

This week, investors face a confluence of critical events: the expiration of U.S. tariff waivers, a string of major corporate earnings, and fresh inflation reports. These developments are poised to test markets, as well as central bankers, on growth, price stability, and trade-induced risk. A key focus is July’s tariff[Read More…]