Action: Last week, the Administration redirected $300 million in unspent tariff revenue from FY2025 to the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC). WIC was at risk of running out of funding this month because of the government shutdown, which occurred just before the program was slated to receive its annual appropriation. … Read More
The US is taking steps to block HKT, one of Hong Kong’s largest phone companies, from accessing domestic telecom networks, citing national security concerns. The FCC has called on HKT to explain why revocation proceedings should not be commenced against it, due to its affiliation with China Unicom Hong Kong Ltd. The move is seen … Read More
The world economy is exhibiting unexpected signs of resilience despite the escalating U.S. trade war, a sentiment echoed by Canadian Finance Minister François-Philippe Champagne. Speaking from Washington on October 15, 2025, where he chaired the G7 finance ministers’ meeting and attended the annual gatherings of the International Monetary Fund (IMF) and World Bank Group, Minister … Read More
The American Association of Port Authorities is criticizing certain aspects of the Trump administration’s plans to curb China’s maritime dominance. In particular, the AAPA took aim at the US Trade Representative’s proposal to slap a 100% tariff on Chinese ship-to-shore cranes, and a new 150% tax on Chinese cargo-handling equipment. The cranes levies will come … Read More
“President Trump’s America First focus on strong and effective trade law enforcement is setting the stage for the U.S. lumber industry to continue its capacity growth, and with it securing an increasing stable and dependable supply of U.S.-made lumber to build America’s homes,” stated Andrew Miller, Chair and Owner of Stimson Lumber Company. “The U.S. … Read More
Q3 2025 marks the third consecutive increase for the Retention Index, indicating stronger workforce stability. The Eagle Hill Consulting Employee Retention Index for Q3 has gained 2.9 points to reach a record high of 105.8, meaning U.S. workers are increasingly more likely to stay in their jobs during the next six months. All four indicators … Read More
The European Union is considering forcing Chinese firms to hand over technology to European companies if they want to operate locally, in an aggressive new push to make the bloc’s industry more competitive. The measures would apply to companies seeking access to key digital and manufacturing markets like cars and batteries, according to people familiar … Read More
There is broad consensus among Western policymakers that China’s near monopoly on critical minerals represents an urgent strategic vulnerability for the United States and its allies. China processes over 90 percent of the world’s rare earth elements (REE), a subset of critical minerals, raising concerns that it will use its dominance to advance geopolitical goals. … Read More
The average price of a new car in America topped $50,000 for the first time last month, driven by a surge in sales of expensive electric vehicles and luxury models. US car buyers paid an average of $50,080 for a new car in September, up 3.6% from a year ago, according to research released by … Read More
Last month, the Treasury Department reported tariff revenue of $31.7 billion, bringing total tariff collections so far this year to $190 billion, a 160% increase compared to the same period last year. On October 1, the first day of the shutdown, the government collected $315 million from tariffs, according to the Treasury Department’s daily statement. … Read More
