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Trump sued over Canadian tariffs in latest legal challenge

The lawsuit argues the White House exceeded its authority in imposing the latest tariffs on the country and caused "immediate harm to American businesses".

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Oct 20 • 3:30 PM EDT • Business • bbc.com
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US inequality is getting worse in ways you might not expect

From tax policy to gas prices and tariffs, a mix of new factors is making inequality in the US more extreme.

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Oct 20 • 9:04 AM EDT • Politics • kten.com
Across Farm Country, Economic Discontent Strains Republican Coalition

Farmers and ranchers have supported President Trump for a decade. But the war in Iran, tariffs and other administration policies have soured some on the G.O.P.

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Oct 18 • 5:00 AM EDT • Politics • nytimes.com
Moore, Crosby spar over economy and growth at Congressional District 2 debate

Rep. Blake Moore and Democratic challenger Peter Crosby discussed where they stand on Utah's economy, tariffs, and housing affordability during Congressional District 2 debate

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Oct 16 • 12:42 PM EDT • Politics • upr.org
Trump wants the midterms to be all about him. Based on Democrats' ads, they are happy to oblige

Many of the Democrats' ads accuse Republican opponents of siding with the president over voters, particularly on issues like tariffs and the Iran war, which they blame for jacking up costs.

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Oct 16 • 12:28 PM EDT • Politics • pbs.org
🙂 Positive (35%)
Davids Urges Federal Action as Kansas Small Businesses Squeezed Out of Tariff Refunds While Large Corporations Cash In

Today, Representative Sharice Davids demanded immediate action to ensure Kansas small businesses receive the tariff refunds they are owed. Following this year’s Supreme Court ruling overturning the president’s reckless tariffs, the federal government began processing billions of dollars in refunds.

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Oct 16 • 9:41 AM EDT • Business • davids.house.gov
Hill, Jones agree on tariffs, disagree elsewhere in spirited debate

U.S. Rep. French Hill, R-Little Rock, and his Democratic opponent, Chris Jones, both don’t support President Trump’s tariff policies, but they disagreed about many other issues in a spirited but...

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Oct 16 • 1:58 AM EDT • Business • talkbusiness.net
Why AOC was in a deep-red part of Michigan: From the Politics Desk

Plus, the Republicans breaking with Trump on tariffs.

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Oct 15 • 5:51 PM EDT • Politics • nbcnews.com
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Ford supplier cuts jobs in Sterling Heights as some work sent to India

Kern J.G. Enterprise Inc. filed the Worker Adjustment and Retraining Notification, citing "unforeseeable business circumstances."

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Oct 15 • 5:06 PM EDT • Business • detroitnews.com
BUSINESS UPDATE: Port Perseveres Despite Tariffs’ Negative Impact

‘We are hanging tough ... in an environment that is incredibly difficult to do business in right now,” the port’s director says By Stefan Yablonski Tariffs imposed by the Trump administration have hurt the Port of Oswego by slashing Canadian aluminum cargo volumes and reducing revenue. “We’re doing good. We are hanging tough. It is a tough time for our line of business in general, you know with these tariffs and the amount of Canadian aluminum that we see through our docks,” said the new executive director, Tom Drumm. “Compared to 2025, we are doing exceedingly well in traffic coming in; not necessarily the volumes we were seeing, but yeah we are hanging tough in an environment that is incredibly difficult to do business in right now.” “I don’t know where people get these numbers to be honest. We have never publicly stated how much our revenue is down or up or left to right. We don’t have a strong sense of those revenue numbers until the shipping season really closes up. We won’t have an accurate picture of the revenue standpoint until after the shipping season, typically in late November,” he added. “What I can tell you is several of our Canadian vessels that carry the aluminum cells — the volume of aluminum on those vessels we have seen decreasing. That is attributed to a few factors. One is where Novelis is in in their restart process. Novelis is rocking and rolling right now. They are starting to pull a lot of aluminum from the port of Oswego, the aluminum that they roll down into coils. “Another factor plainly is the tariffs. Canadian aluminum is tariffed at 50%. So, on those vessels we are seeing lower numbers than we would like. We’d like to see vessels carrying roughly 10,000 metric tons of aluminum. Over the course of this year, we have seen more in the range of 4,000 to 6,000. “Every piece of that aluminum that we receive here by vessel at the port is from Canada and is subsequently hit with the 50% tariff. It directly affects us because we’ve received less volume than we would traditionally see pre-tariff times.” When the port receives less aluminum from those vessels it means less hours for the ILA (International Longshoremen Association) as far as folks that work on the dock, he said. When cargo declines, it affects everyone, fewer hours for longshoremen, fewer loads for truck drivers, fewer rail shipments and less business for local suppliers. “Outside of the aluminum that comes in by vessel, the port topped out at having roughly 4,600 aluminum ingots stored on site at the port. That project had never been done before. The port of Oswego had never had that many of those size ingots in our yard,” he said. “It has been a busy summer for the ILA. Would we like to see more work for them? Sure. They are working all those barges when they come in, but as opposed to working 15 hours they might be working seven or eight hours. It hasn’t been a distinct decline in ILA hours. There has been plenty of work to keep our guys busy throughout the summer.” More salt “We just brought salt back to the port in several, several years. Around Harborfest time at one point we had a salt barge here with about 24,000 metric tons of rock salt and we had an aluminum barge here the same week. We had close to 40 men working,” he said. “Yeah, the other products definitely keep us busy. The salt project was a massive project, one that we are proud of. I’ve got 24,000 metric tons of salt on site that has to go somewhere — that’s going to be another project.” It is important for the port to continue to look at different products, different commodities to try to diversify some of its revenue, he said, adding, “We have done a pretty good job of that in my first five months here … particularly with the rock salt we have on site right now. It is important to continue to try to stand out and work through some projects outside our usual business. I enjoy it. It is a challenge every single day we put our head down and we try our best.”

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Oct 14 • 8:23 AM EDT • Business • oswegocountybusiness.com
Industry group head says Michigan's small businesses are stagnating

High fuel prices and added costs because of tariffs are making things difficult for a lot of people in Michigan. As Russ McNamara reports, that’s especially true for small businesses.

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Oct 14 • 6:42 AM EDT • Business • wemu.org
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Collins, Jackson spar over energy costs, health care in third Maine Senate debate

Hosted by WABI and WAGM, the incumbent Republican and her Democratic challenger went head-to-head on affordability, energy, health care and tariffs.

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Oct 13 • 10:07 PM EDT • Health • wabi.tv
Michigan's small businesses are stagnating, says head of industry group

The head of the Small Business Association of Michigan says regulations, tariffs, and energy costs are driving local shops into the ground.

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Oct 13 • 6:38 PM EDT • Business • michiganpublic.org
From Tariffs to Broken Supply Chains, Small Business Owners under Siege

Punishing U.S. tariff policies have fractured once-reliable supply chains, pushing vulnerable small businesses to retrench in an increasingly complex economic environment, entrepreneurs and advocates told the National Press Foundation’s Local Business Fellowship program. The widespread uncertainty has shriveled profit margins, forced layoffs and has small business owners seeking new manufacturers in remote corners of the...Read More

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Oct 13 • 2:35 PM EDT • Business • nationalpress.org
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Trump sticks with tariffs even as US voters turn against them before the midterms

President Donald Trump shows no signs of budging from a trade policy that many Americans don't like as the midterm elections loom.

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Oct 11 • 7:56 AM EDT • Politics • ksat.com
Trump sticks with tariffs even as US voters turn against them before the midterms

President Donald Trump shows no signs of budging from a trade policy that many Americans don't like as the midterm elections loom.

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Oct 11 • 7:56 AM EDT • Politics • wsls.com
Republicans face midterm backlash from factory workers squeezed out of jobs by Trump's tariffs

President Donald Trump's tariffs are turning factory workers against his Republican Party over fears the import taxes could lead to fewer jobs instead of the manufacturing renaissance he promised

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Oct 11 • 7:50 AM EDT • Politics • abcnews.com
Republicans face midterm backlash from factory workers squeezed out of jobs by Trump's tariffs

President Donald Trump's tariffs are turning factory workers against his Republican Party over fears the import taxes could lead to fewer jobs instead of the manufacturing renaissance he promised.

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Oct 11 • 7:50 AM EDT • Politics • ksat.com
Republicans face midterm backlash from factory workers squeezed out of jobs by Trump's tariffs

President Donald Trump's tariffs are turning factory workers against his Republican Party over fears the import taxes could lead to fewer jobs instead of the manufacturing renaissance he promised.

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Oct 11 • 7:50 AM EDT • Politics • news4jax.com
Republicans face midterm backlash from factory workers squeezed out of jobs by Trump's tariffs

President Donald Trump's tariffs are turning factory workers against his Republican Party over fears the import taxes could lead to fewer jobs instead of the manufacturing renaissance he promised.

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Oct 11 • 7:50 AM EDT • Politics • clickorlando.com
Republicans face midterm backlash from factory workers squeezed out of jobs by Trump's tariffs

President Donald Trump's tariffs are turning factory workers against his Republican Party over fears the import taxes could lead to fewer jobs instead of the manufacturing renaissance he promised.

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Oct 11 • 7:50 AM EDT • Politics • click2houston.com
Sparks fly as Abdul El-Sayed and Mike Rogers face off in first Michigan Senate debate

While facing questions about gas prices, the war in Iran and tariffs, the candidates frequently exchanged insults amid a high-stakes campaign.

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Oct 8 • 8:42 PM EDT • Politics • nbcnews.com
High-Signal Publisher
Trump bucks and the politics of mailing checks

The checks started going out last week, nearly one million of them, and mostly to battleground states. With a return address for the U.S. Treasury and a letter enclosed signed by President Donald Trump, these one-time checks for $500 were ostensibly government rebates for Obamacare enrollees who overpaid. In the accompanying letter, however, Trump attacks his predecessor and talks about his record in office on an important issue he’s not polling well on, which makes it seem more like the most expensive political mailer in U.S. history. The average piece of direct mail costs between 30 cents and $3, according to Mail Processing Associates, a print, mail, and fulfillment company. At $500 a pop plus roughly 50 cents each to issue the paper check, the cost of Trump’s healthcare mailer sent to more than 950,000 enrollees comes in at more than $475 million. Trump’s midterm healthcare message “For years, the Biden Administration overcharged you to fund the operation of HealthCare dot gov,” Trump wrote in the letter. “That money belongs to hard-working Americans, not the Government, and now, I am returning it to you!” In the letter, Trump makes false and misleading claims about his administration’s record on healthcare costs, an issue Democrats have a 20 point advantage on over Republicans, according to a recent poll from KFF, a nonpartisan health policy think tank. Trump touts his administration’s TrumpRX program, which he claims is “delivering massive discounts.” However, new research from KFF found that of a selection of drugs available on the TrumpRX platform, just five were the lowest price, while 13 were the highest price. Trump also falsely claims in the letter that he’s fighting to lower healthcare costs. In reality, average monthly premium payment costs for enrollees rose 58% under Trump while marketplace sign-ups declined 5%, per KFF. Under Trump’s One Big Beautiful Bill Act, it’s estimated 10 million more Americans will be uninsured by 2034. You get a check and you get a check and you get a check Trump’s long promised cash outs to his fans, from his days as a casino operator and gameshow host to his presidency. During the early days of the COVID-19 pandemic in 2020, the first Trump administration made the unprecedented move to put Trump’s name on checks that went out under the CARES Act (notably the $500 refund checks this time around don’t feature Trump’s name). Ever since, Trump’s been chasing that high. In his second term, Trump’s promised more stimulus that never arrived, like refund checks from DOGE cuts and tariffs, while he said at his party’s convention last month that he’d give out $5,000 checks to everyone if Republicans win in November. In reality, DOGE overstated its cost cutting and Trump’s government actually now spends more than former President Joe Biden’s, while Trump’s tariffs actually grew the trade deficit. His proposal for $5,000 checks would add about $1.2 trillion to the national debt. The problem is there’s no money to give. These $500 checks — plus $90 Medicare rebate checks also going out as well as $250 deposited this week in some Trump Accounts for kids courtesy Dell Technologies CEO Michael Dell and his wife Susan — represent the closest Trump’s going to get to making good on his promise to deliver cash fast. And the checks seem especially targeted. Though the $500 checks went out to enrollees in one of 30 states that use the federal HealthCare dot gov marketplace, a Reuters review found 71% of the payments, or $339 million, went to enrollees in 13 states that have the most competitive elections for governor and U.S. Senate. Most Americans don’t buy it Could Trump bucks sway the election? An Economist-YouGov poll found 57% of U.S. adults doubt Trump will deliver on his promise for $5,000 checks, compared to 21% who do. “I’m waiting on my DOGE check and I’m still waiting on my tariff check,” one 2024 Trump voter who’s since turned on him told a recent focus group. “It felt like kind of trying to buy people’s votes, which honestly felt like in elementary when the class president was like, hey we’re going to take you to the water park if you vote for me. It’s like, I don’t think it works like that.” But for voters in swing states who got a check, it could still matter. One survey published in 2022 found receiving a physically personalized check in the mail during the pandemic was associated with a much greater self-reported likelihood of voting for Trump in 2020, and those gains mainly came from out partisans. The issue for Trump comes if these checks are mostly going to Obamacare enrollees whose premiums have gone up by more than just $500 since he took office and who view the money as something like a bribe before the election rather than an actual long-term solution to lowering household costs. Spending $500.50 per mailer would be absurd as a normal campaign expenditure, but since Trump’s checks and letter are a government rebate, his campaign and super PAC didn’t have to spend a dime and he got out his message regardless. If enough voters in key states are swayed by the one-time payment, it could prove to be the best $0 the Trump campaign spent. Subscribe [ ](https://www.yellopolitics.com/p/why-independent-candidates-are-making) [ Why independent candidates are making independence central to their brand ](https://www.yellopolitics.com/p/why-independent-candidates-are-making) Hunter Schwarz · Oct 6 [ Read full story ](https://www.yellopolitics.com/p/why-independent-candidates-are-making) [ ](https://www.yellopolitics.com/p/these-designers-and-grocery-nerds) [ These designers and grocery nerds will brand Mamdani’s NYC grocery stores ](https://www.yellopolitics.com/p/these-designers-and-grocery-nerds) Hunter Schwarz · Oct 2 [ Read full story ](https://www.yellopolitics.com/p/these-designers-and-grocery-nerds) Trump wants to turn his first-ever golf course into a government course for presidents

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Oct 8 • 6:01 PM EDT • Politics • yellopolitics.com
The politics of tariffs after Trump

Trump’s most enduring legacy on trade may be not the tariffs themselves, but the partisan realignment they leave behind.

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Oct 8 • 9:30 AM EDT • Politics • thehill.com
Open science is compatible with research security, says Canada’s chief science advisor

Open science is “not incompatible” with research security and science leaders and policymakers should “demystify” the false dichotomy between the two, according to Mona Nemer, Canada’s chief science advisor. More than a decade ago, EU policymakers were promoting open science, open innovation and open collaboration across the world. It was a political movement that aimed to make scientific research, data, software, publications and methodologies transparent, accessible and reusable for everyone.But that rhetoric has changed over the past few years. After Russia invaded Ukraine in 2022 and Donald Trump came back to power in 2025, international partnerships have become more pragmatic. Countries are trying to implement protectionist policies and governments are increasingly worried about technology espionage. According to Nemer, science can remain open if the sector can come up with improved security protocols that would protect research data from undue manipulation by foreign actors. “If anybody can fiddle with the with the data, then [open science] is actually quite dangerous and quite useless,” she told Science|Business. Universities and research institutions are increasingly vulnerable to attempted espionage and other types of foreign interference. In September, the UK’s domestic counter-intelligence service MI5 issued a security warning against collaborations with the China General Technology Research Institute. And earlier this year, Germany’s Helmholtz Center for Information Security was criticised by federal research minister Dorothee Bär, who told a parliamentary hearing that “existing rules and systems” at the institute “were not suitable” for preventing leaks to China. According to Nemer, universities and research institutions should perhaps follow the example of the private sector, as companies have been able to safeguard their research while still publishing results. “I think that there is a level of research security hygiene that researchers and institutions need to just adopt,” she said. “You don't have to tell Sanofi or IBM how to safeguard their research, which they end up publishing anyway.”While certain areas of research will not be open for collaboration with certain partners, in other areas cooperation is necessary even with researchers based in adversarial countries. “I stress this because politics change,” she said. “Science and politics don't make for good fellows, and whether we like it or not, politics will influence certain things.”Researchers will play an important role in “protecting the integrity of science,” said Nemer. “I think that it's time that there's a commitment to a certain scientific compact, so that citizens don't think that science is actually an open door for espionage and for anti-nationalism.”New partnershipsNemer spoke with Science|Business on the margins of the Hamburg Science Summit on September 17, the day when Canadian Prime Minister Mark Carney called for increased cooperation with the EU, including in science and technology. Canada is looking to strengthen ties with partners in other corners of the world, after the Trump administration threatened to put tariffs on Canadian goods and services and even openly suggested Canada could become the 51st state. In parallel, the US government has indicated it wants to retreat from international science projects, including US collaboration with Europe’s CERN particle accelerator and other big science labs.Related articlesThe stats we need to better understand R&DCanada looks to deepen research and education links with the EUCan researchers trust that AI models won’t leak their ideas?Nemer said the US is still a science “powerhouse,” but Canada and Europe will have to work closely together on global challenges. “It’s important for both [sides], but I think it's also important for the rest of the world, because the cut in funding for development, in health, in regions like Africa and other places, have dramatic effects.” The Trump administration is also planning a review of the Nelson memo, a Biden-era document that mandated that results of federally funded research would be openly available. With that idea being called into question, Nemer said it could be “very disruptive” to scientific collaborations and could jeopardise research on climate change, the Arctic and global health. “When your collaborator suddenly tells you I'm not going to share the data with you as a researcher, if this happens, I think it's very worrisome,” she said. “I'm certainly hoping that a lot of the Canadian institutions, funders, researchers, have started looking at joining forces on databases and using more European research infrastructures,” Nemer added.

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Oct 8 • 8:00 AM EDT • Science • sciencebusiness.net
Raising the Bar offers spirited history lessons

Once a month, at Hogwash Whiskey Den in downtown Spokane, historian Renée Cebula takes a roomful of students through centuries of American and global history that trace the wars, immigration, tariffs, and changing tastes that have helped determine what ingredients end up in her students’ glasses.

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Oct 8 • 3:00 AM EDT • Business • spokanejournal.com
‘Canada is not our enemy’: Michigan’s GOP senate nominee breaks with Trump on tariffs
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Oct 7 • 11:47 PM EDT • Politics • cnn.com
Michigan Republican Senate candidate Mike Rogers breaks with Trump on tariffs

Mike Rogers, the Republican Senate nominee in Michigan, is breaking with President Donald Trump over his tariffs on Canada in a new advertisement.

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Oct 7 • 10:08 AM EDT • Politics • cnn.com
Michigan Republican Senate candidate Mike Rogers breaks with Trump on tariffs

(CNN) — Mike Rogers, the Republican Senate nominee in Michigan, is breaking with President Donald Trump over his tariffs on Canada in a new advertisement.

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Oct 7 • 10:08 AM EDT • Politics • kten.com
Hear Iowa 1st Congressional District candidates on tariffs, Iran war

The marquee U.S. House race in Iowa's 1st District heads for a third rematch, with an independent candidate adding a fresh twist. Meet the candidates.

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Oct 7 • 6:27 AM EDT • Politics • desmoinesregister.com
US trade deficit widens in August amid strong imports

The US trade deficit rose to $105.6 billion in August due to a surge in imports, reflecting strong domestic demand and impacting economic growth.

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Oct 6 • 9:42 AM EDT • Business • virginiabusiness.com
The Sticky Business of Loving Cinéma L’Amour: Inside Montreal’s Historic Porn Theater

You won’t find a sexier testament to word-of-mouth marketing than this Canadian institution, where free online porn and Trump’s tariffs are among many challenges facing its warmly exhausted owner toda...

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Oct 5 • 6:30 PM EDT • Business • yahoo.com
How Americans’ Financial Health Is Faring In The “K-Shaped” Economy

Hey all, Jason here. Money20/20 is still two weeks away, but I’ve already started packing (not procrastinating for once!). My calendar is already filling up with various sessions I want to catch, meetings, and of course happy hours, dinners, and other side events. If you’ll be in Vegas and want to catch up, let me know by replying to this email, and we can try to find a time amidst the chaos of the Venetian. A big if not totally unexpected piece of news dropped on Friday: the Independent Community Bankers of America, a trade group that represents smaller U.S. banks, filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing that the regulator’s move to grant trust bank charters to firms seeking to use them to conduct substantial non-fiduciary activities exceeds the authorities granted to the OCC by Congress. I haven’t had time to fully digest the legal filing or speak to folks in my network about it, but you can expect to see coverage and analysis on it in next week’s newsletter. Subscribe or Support by Upgrading The NerdCon agenda just dropped. It’s stacked. Partner content: Nubank built an AI-first bank. Chime built its own banking core. Figure and Valon are rebuilding the mortgage stack. At NerdCon, you’ll hear from the people behind those bets: what they chose, what they learned, and what they’re still figuring out. The agenda is live, with leaders from Nubank, Chime, OpenAI, Remitly, Mercury, Figure, Valon and more. Follow the mainstage conversations, bring the problem your team is wrestling with to a hands-on workshop, or pull up a chair at a roundtable. Pick your quests. Meet us in San Diego, November 18–20. Fintech Business Weekly readers save 20% with code FBW20. Explore the Agenda Things To Know & Other Good Reads Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements (Federal Reserve Board of Governors) FDIC Announces Conclusion of Independent Monitorship (FDIC) Modernizing Financial Regulation: Initial Observations from eSLR (Fed Vice Chair for Supervision Michelle Bowman) The Data Version of Godzilla versus Kong: FRED Takes on AI (Fed Governor Christopher Waller) Financing the AI buildout (Brookings) Q3’26: Rules for Banks but Not for Crypto (Fintech Takes Banking) The Inevitability of Local Stablecoins (Lombard Notes) Delusions of AI Governance: The Human-in-the-Loop Comfort Blanket (Fintech Snark Tank) Stripe agrees to acquire Parafin to expand revenue opportunities for platforms and help small businesses grow (Stripe) Listen: Fighting Fraud in the Age of AI, with SEON’s Tamas Kadar (Fintech Business Weekly) How Americans’ Financial Health Is Faring In The “K-Shaped” Economy If there is one overarching theme across the economy and politics in the U.S. at the moment, it’s “affordability.” The term is vague enough to encompass a panoply of factors shaping Americans’ day-to-day lives: rising costs for the hallmarks of being “middle class,” including healthcare, housing, childcare, and education, inflation and rising interest rates, and a job market with the specter of AI hovering over it. At the same time, policy shifts under the Trump administration have resulted in reduced subsidies to those who get health insurance under the Affordable Care Act and new restrictions on qualifying for Medicaid and SNAP, the impacts of which have yet to be fully felt. These factors are contributing to declining consumer confidence and general dissatisfaction with the economy, despite continuing GDP growth and stock market records. This divergence is encapsulated in the idea of the “K-shaped” economy, in which a small proportion of Americans have seen their wealth balloon, while the majority of American households struggle to preserve the lifestyle they have. Perhaps the greatest determinant of which branch of the “K” a household is on is whether their wealth and income are primarily derived from employment vs. from assets. Nearly two decades of low interest rates and, more recently, elevated rates of inflation have benefited asset owners, while those whose income is primarily or solely derived from labor have largely seen real purchasing power stagnate or decline. This is reflected in recent Bureau of Labor Statistics data showing that labor share of U.S. GDP — the fraction of economic output that accrues to workers as compensation in exchange for their labor — dropped to just 52.8% in Q2 2026, the lowest since the BLS began keeping records. In 1947, approximately 2/3rds of economic output accrued to workers; even as recently as 2001, labor’s share of GDP was 64.1%. Against this backdrop, we’ve seen the rise of more credit and credit-like products: cash advance apps, “no-fee” overdraft, earned wage access, and buy now pay later, which are often used as small-dollar short-term borrowing mechanisms to meet immediate consumption needs or pay other bills (eg utilities, cell phone, other debt payments). With the markers of a middle class existence and, increasingly, basic financial stability seemingly out of reach for many, it should be no surprise there’s been an increase in “financial nihilism,” something industry peers like Alex Johnson and Frank Rotman have discussed and analyzed the roots of. The explosion of gambling and gambling-adjacent products and services — often marketed under the guise of being an “investment” — is inextricably intertwined with the rise of financial nihilism. Crypto, sports betting, and, more recently, prediction markets offer an escape or even hope of sorts, like a contemporary, digital version of a scratch-off lottery ticket, while leaving the overwhelming number of people who use such products worse off. Share of Households That Are Financially “Vulnerable” Ticks Up The Financial Health Network’s 2026 Financial Health Pulse® report adds context on how American households are faring. (I linked to this report in last week’s newsletter, but wanted to take time to further unpack the data in the report this week.) The Financial Health Network publishes the report annually, providing insight into how Americans’ financial circumstances are changing over time. The 2026 report is derived from a survey fielded in April and May 2026. The report leverages survey responses to assess indicators of financial health across spending, saving, borrowing, and planning/protecting and to determine a zero to 100 “FinHealth” score. Those with scores between 0 and 39 are considered “Financially Vulnerable,” consumers with scores ranging between 40 and 79 are defined as “Financially Coping,” and those with scores of 80 to 100 are “Financially Healthy.” The report found that moderate improvements in 2025 were reversed, with the share of respondents considered financially “vulnerable” rebounding to 17%. The longitudinal data reflect the impact of pandemic-era programs, like expanded unemployment, cash stimulus payments, and pauses of federal student loan payments. The positive impacts of those programs, as reflected in the Financial Health Pulse reports, had largely disappeared by 2023. While pandemic-era inflation — to be fair, in part caused by the various support and stimulus measures — had come down from as high as 9% in 2022, it has rebounded since the start of Trump’s second term, with tariffs and energy market disruptions owing to the war in Iran pushing prices back up. Specific indicators in the survey that deteriorated from 2025 to 2026 include the share of respondents spending less than their income over the past 12 months, the share paying all bills on time over the past 12 months, the share that have a manageable amount or no debt, the share that are “moderately” or “very” confident their insurance is adequate to cover them in an emergency, and the share that “somewhat” or “strongly” agree that their household plans ahead financially. Unsurprisingly, lower- and moderate-income households are more likely to struggle to pay their bills on time and have any funds leftover to save. The share of low-income households whose income exceeded their spending dropped from 35% in 2025 to 31% in 2026, while the share of upper-income households whose income exceeded expenses remained unchanged at 63%. Households with student loans or revolving credit card debt reported having “a bit more” or “far more” debt than was manageable at rates far higher than those not carrying these types of debts. The share of those with student loan debt indicating their debt load was too high to manage increased from 50% in 2025 to 55% in 2026, while the share of those with revolving credit card debt saying the same ticked up from 51% in 2025 to 54% in 2026. Households that had student loans were markedly more likely to be financially “coping” or “vulnerable” vs. those without student loans. In 2026, 27% of households with student loans were considered financially vulnerable, a jump of 6% points vs. 2025. Households without student loans saw just a 1% point increase (not statistically significant) in those considered financially vulnerable. Households’ perception of the affordability of categories of goods and services paints a stark picture, with less than one-fourth considering higher education affordable, about a third deeming childcare affordable, and less than half viewing healthcare as affordable. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Democratic Senate Report Highlights How Iran Uses Tether to Evade U.S. Sanctions Iran uses stablecoins, specifically Tether, to evade sanctions, fund regional proxies, and to purchase military drones, a report released last week by the Senate Permanent Subcommittee on Investigations says. The report was authored by committee ranking member Senator Richard Blumenthal (D-CT) and the minority staff. Crypto and stablecoin proponents will often push back on criticism that criminals make use of these assets by arguing that, on an absolute dollar basis, far more illicit funds flow through traditional banking systems and payment rails than via crypto and stablecoins. And while that is likely true, it elides the reality presented in news story after news story: whether state actors — Russia, Iran, North Korea — or criminal groups, those looking to engage in illicit transactions increasingly favor stablecoins and, specifically, Tether (USDT). The report from the Senate Permanent Subcommittee on Investigations released last week adds context to how Iran uses Tether has a lynchpin in its shadow banking system. The report analyzed 846 wallets that have been sanctioned or targeted for seizure, finding that 84% of them transacted exclusively or primarily in Tether. The ability to create near limitless, anonymous wallets and to move funds effectively instantaneously and irreversibly have made crypto a favored financial mechanism for bad actors. Stablecoins solved key drawbacks of bitcoin, namely, the original cryptocurrency’s highly volatile value in dollars. And while Tether (the company) has the technical ability to “freeze” or destroy funds, the company is often limited and reactive in its approach to doing so, the Senate report argues. Tether, which is nominally based in crypto-friendly El Salvador, “has stated that its compliance with OFAC sanctions is ‘voluntary’ and that it follows ‘OFAC guidelines,’” the Senate report says. Owing to these favorable attributes, Tether “became a primary cryptocurrency for Iran, Hamas, Hizballah, and the Houthis beginning in 2023 and has expanded in scale since,” according to the report. Tether’s role in Iran’s shadow banking system, the report says, is enhanced by crypto exchanges like Bybit, Kyrrex, OKX, Gate, and Binance, and through “over the counter” exchanges and hawala networks. The consequences of these financial flows aren’t hypothetical. The Senate report links Tether as a funds transfer mechanism to Iranian proxies in the region, including Hizballah, the Houthis, and Hamas. Tether has also been used to make payments to secure components necessary to manufacture drones, the report says. The report concludes by arguing that “[s]tablecoin issuers with a significant nexus to the United States, particularly those that offer dollar-denominated stablecoins, should be subject to American sanctions law rather than being allowed to hide behind foreign jurisdictions.” Stablecoin issuers like Tether must be held accountable for repeated failures to prevent illicit finance and sanctions violations by law enforcement, the Department of Justice, the Securities and Exchange Commission, and OFAC, the report argues. [Paying Subscriber Exclusive] OUSD Goes Live, Make Your Own Neobank, U.S. Sanctions Russia’s A7 Network As “Transnational Criminal Organization” OpenUSD, the stablecoin issued by the Open Standard consortium that includes Stripe, Visa, Mastercard, core providers, crypto firms, and numerous banks, went live last week. Social commerce platform Whop raised eyebrows in fintech by offering creators on its platform the ability to launch their own neobanks, which the company describes as “great businesses that are easy to run,” in just 15 minutes. And OFAC and FinCEN target Russia’s “shadow banking” A7 Network — more on these stories after the paywall.

School IB business management class: European carmakers warn EU-UK tariffs could be ‘catastrophic’

Growth and evolution

ft.com logo
Oct 3 • 11:46 AM EDT • Business • ft.com
State legislators discuss Pennsylvania’s business needs during event in Schuylkill

Pennsylvania’s manufacturing businesses are being hampered by federal tariffs, high energy costs, excessive state regulations and a shortage of skilled laborers, state legislators said Friday during a roundtable discussion hosted by a…

republicanherald.com logo
Oct 2 • 3:45 PM EDT • Business • republicanherald.com
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How the Instinct AI agent helped an entrepreneur run his new business

A tech entrepreneur put the Instinct AI agent to work on marketing, operations, shipping, tariffs, and more.

businessinsider.com logo
Oct 2 • 10:34 AM EDT • Business • businessinsider.com
Falcon Rice Mill's Trahan talks tariffs, diesel prices and family business

Co-owner Robby Trahan never envisioned he would oversee the 84-year-old business

nola.com logo
Oct 2 • 5:00 AM EDT • Business • nola.com
Most Americans blame Trump for high prices as his economic approval hits new low, AP-NORC poll shows

A majority, 65%, of U.S. adults now blame Trump’s policies for persistently high costs more than factors outside of his control, signaling growing weariness over his aggressive use of tariffs and continued unhappiness with the war with Iran.

pbs.org logo
Oct 1 • 3:30 PM EDT • Politics • pbs.org
Refunds From the Trump Administration’s Unlawful Tariffs Are a Windfall for Corporate America, Not for Small Businesses or Consumers

New state-by-state CAP analysis finds that the Trump administration’s tariffs cost small-business importers in all 50 states and Washington, D.C., an average of $426,000 more over 18 months—damage that refunds cannot fully undo.

americanprogress.org logo
Oct 1 • 9:03 AM EDT • Business • americanprogress.org
Las Vegas resort bosses dodge presidential politics when asked about falling visitor numbers

The CEOs of Caesars Entertainment, MGM Resorts International and Wynn Resorts did not mention President Donald Trump or his tariffs Tuesday at the Global Gaming Expo at the Venetian Expo as they discussed the causes of declining visitation to Las Vegas …

lasvegassun.com logo
Sep 30 • 1:30 PM EDT • Politics • lasvegassun.com
Trump’s tariffs are back in court

Here we go again: President Donald Trump’s sweeping global tariffs are back under the legal microscope.

cnn.com logo
Sep 30 • 5:00 AM EDT • Business • cnn.com
Trump used foreign labor standards as tariff workaround, small businesses say

Small businesses will once again challenge President Donald Trump’s tariffs in the Court of International Trade in New York City this week.

ctmirror.org logo
Sep 29 • 9:30 AM EDT • Business • ctmirror.org
Tariff challengers take Trump back to court: ‘Rinse and repeat’

President Trump hopes the third time will be the charm as his latest round of tariffs heads to court this week. The Supreme Court already ruled Trump can’t invoke an emergency statute to impose his…

thehill.com logo
Sep 29 • 6:00 AM EDT • Business • thehill.com
Tom Kean Jr. backs Trump on Iran and tariffs, if not local issues

Rep. Thomas Kean Jr. sought to distance himself slightly from President Donald Trump on Sunday as his Democratic opponent, Rebecca Bennett, reminded him of his years of loyalty to the president.

inquirer.com logo
Sep 28 • 7:30 AM EDT • Politics • inquirer.com
Republicans Facing the High Political Cost of Tariffs

Trump’s unilateral policies have done significant harm to GOP candidates.

nationalreview.com logo
Sep 28 • 6:30 AM EDT • Politics • nationalreview.com
New Jersey Republican Tom Kean Jr. and Democrat Rebecca Bennett clash over war in Iran, tariffs

Tom Kean Jr., the New Jersey Republican congressman whose four-month absence from the House this year went unexplained until he disclosed that he was being treated for depression, clashed with

lancasteronline.com logo
Sep 27 • 9:42 PM EDT • Politics • lancasteronline.com
Funko warned it might not last 12 months. Its new CEO came from Netflix with a plan.

Funko, the company behind the big-headed Pop! figurines, warned last year it might not survive, squeezed by tariffs, canceled retail orders and its own overproduction. A new CEO based in Los Feliz is trying to turn it around.

latimes.com logo
Sep 26 • 6:00 AM EDT • Entertainment • latimes.com
Funko warned it might not last 12 months. Its new CEO came from Netflix with a plan.

Funko, the company behind the big-headed Pop! figurines, warned last year it might not survive, squeezed by tariffs, canceled retail orders and its own overproduction. A new CEO based in Los Feliz is trying to turn it around.

latimes.com logo
Sep 26 • 6:00 AM EDT • Business • latimes.com
How a baby business survived China and Canada tariffs

Garett Senez's company Quark Baby is based in Canada and manufactured in China. The tariffs required him to switch up his supply chain to survive.

businessinsider.com logo
Sep 26 • 4:49 AM EDT • Business • businessinsider.com
At NH winery hit by tariffs, Pappas calls for small business exemptions

Soaring diesel prices, higher costs for imported goods, and fewer visitors from Canada are hitting a winery in New Hampshire’s Lakes Region.

wcax.com logo
Sep 25 • 5:10 PM EDT • Business • wcax.com
Goss report: Tariffs, inflation put pressure on Iowa manufacturers

The Creighton University Mid-America Business Conditions Index, which measures economic activity across nine states, moved above growth neutral for the seventh consecutive month in August, pointing to solid economic growth in regional manufacturing. The Creighton Economic Forecasting Group conducts the survey of supply managers to produce leading economic indicators of the Mid-America economy. The Business…

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Sep 25 • 7:00 AM EDT • Business • businessrecord.com
Trump's trade war with Canada adds a challenge in Senate races

The dispute stands to heighten voters' economic worries and add to the GOP's political challenge in dead-heat races, analysts say.

latimes.com logo
Sep 25 • 6:00 AM EDT • Politics • latimes.com
Author of America’s tariff statute: Trump’s tariffs are illegal

Ambassador Alan Wolff says President Donald Trump’s novel implementation of America’s tariff law is illegal and runs counter to how Congress intended the presidential power to be used.

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Sep 25 • 5:00 AM EDT • Business • cnn.com
Canada’s Tariffs Cost This Cheesemaker Nearly $1 Million in Sales. Now Its Costs Are Rising at Home

A Vermont business says the trade war between the two countries has damaged its biggest export market.

inc.com logo
Sep 24 • 11:47 PM EDT • Business • inc.com
What Kotek, Drazan said at Oregon business forum

Gov. Tina Kotek and Sen. Christine Drazan faced off for the first time this election at a Portland business forum. Here's where they stand on taxes, tariffs and Oregon's economy.

centraloregondaily.com logo
Sep 24 • 8:46 PM EDT • Politics • centraloregondaily.com
Beyond the Rose Garden and the military review, Trump and Xi get down to business

The two leaders have a host of hard issues – from AI to trade tariffs – to confront away from the cameras.

scmp.com logo
Sep 24 • 10:32 AM EDT • Business • scmp.com
Poll: Neither Americans nor Canadians wanted Trump’s trade war

Americans say President Donald Trump’s tariffs on Canada aren’t worth higher prices, as Canadians remain in lockstep behind Canadian Prime Minister Mark Carney.

politico.com logo
Sep 23 • 5:00 AM EDT • Politics • politico.com
Business perspectives vs. politics on tariffs during trade war
wgrz.com logo
Sep 22 • 5:40 PM EDT • Business • wgrz.com
Business perspectives vs. politics on tariffs during trade war
wgrz.com logo
Sep 22 • 5:40 PM EDT • Politics • wgrz.com
Toy Association Op-Ed Published in Real Clear Politics Makes the Case for Tariff-Free Toys

The Toy Association™ is continuing to amplify the toy industry’s call for preferential tariff treatment of toys, with a new op-ed by Kathrin Belliveau, chief legal & policy officer at The Toy Association, published online today i

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Sep 22 • 8:00 AM EDT • Politics • toyassociation.org
Trump’s tariffs are a political loser

Voters are turning against the president because of tariffs.

washingtonpost.com logo
Sep 22 • 6:45 AM EDT • Politics • washingtonpost.com
Trump shattered Canada’s old US relationship. Carney is building a new one in Europe

TORONTO (AP) — For nearly four decades, Canada built its economy around closer integration with the United States. President Donald Trump has turned that dependence into leverage, imposing tariffs, threatening Canada’s sovereignty and openly seeking to pull Canadian industrial production south. Canadian Prime Minister Mark Carney has moved on. Rather than return to trade talks […]

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Sep 21 • 12:51 PM EDT • Politics • coloradopolitics.com
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Trump shattered Canada’s old US relationship. Carney is building a new one in Europe

Canadian Prime Minister Mark Carney is urgently trying to reduce dependence on the United States as President Donald Trump uses tariffs and economic pressure against America’s longtime ally.

seattletimes.com logo
Sep 21 • 12:08 AM EDT • Business • seattletimes.com
‘It's awful’: How tariffs, soaring fuel costs and higher interest rates are squeezing American companies

Tariffs, soaring fuel prices and higher interest rates are squeezing American companies, particularly manufacturers, auto suppliers, retailers and transportation businesses.

cnbc.com logo
Sep 20 • 8:00 AM EDT • Business • cnbc.com
‘Voters are like, No thanks’: Trump’s tariffs fall flat with the working class

It’s become an article of faith for trade hardliners in both parties that a protectionist agenda is a guaranteed pathway to building support among working-class voters. But now that President Donald Trump is testing that theory in practice, it is largely flopping on the campaign trail.

cnn.com logo
Sep 20 • 6:00 AM EDT • Politics • cnn.com
Fast food from the US and China catches on in both countries

China and the United States are divided on many issues, from tariffs to Taiwan.

seattletimes.com logo
Sep 20 • 5:04 AM EDT • Business • seattletimes.com
U.S.-Canada trade war further taxes small businesses as costs rise during the Iran war

NEW YORK — A trade war between the United States and Canada is making it more difficult and expensive for small businesses in the economically entwined ...

toledoblade.com logo
Sep 20 • 2:24 AM EDT • Business • toledoblade.com
Great Lakes bind U.S., Canada trade imperiled by Trump tariffs

A rift between Ottawa and Washington threatens lasting damage to supply chains across land and water geared for free-flowing commerce.

detroitnews.com logo
Sep 19 • 1:43 PM EDT • Business • detroitnews.com
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Most Michigan voters disapprove of Trump’s tariffs on Canada, poll shows

Among the state’s independents, who could determine the outcome of several key midterm races, 68 percent disapprove of Trump's levies on Canadian products.

washingtonpost.com logo
Sep 18 • 6:00 AM EDT • Politics • washingtonpost.com
This plus-size clothing business faced a $90,000 bill because of tariffs. Then the community came together to help
cbsnews.com logo
Sep 17 • 7:54 PM EDT • Business • cbsnews.com
High-Signal Publisher
Eastern NC retailer navigates the uncertainty of tariffs

A New Bern based outdoor retailer, is an example of how retailers have had to adpat their businesses to mitiage the impact of the tariffs.

carolinajournal.com logo
Sep 17 • 2:00 PM EDT • Business • carolinajournal.com
As Canadian tariffs bite, Republicans search for a winning message

Candidates in northern border states most affected try to strike a balance between appealing to Trump’s loyal base and reaching independent voters.

detroitnews.com logo
Sep 17 • 8:20 AM EDT • Politics • detroitnews.com
The Latest: Trump says EU allowing Canada as associate member could be a ‘hostile act’

President Donald Trump suggested that the European Union allowing Canada to become an associate member could be a “hostile act” and threatened to respond to the proposed move by imposing more tariffs on the bloc

washingtonpost.com logo
Sep 17 • 8:19 AM EDT • Politics • washingtonpost.com
Benson, James offer differing plans on tariffs, data centers, health care at Detroit Economic Club

The two major party candidates for Michigan governor answered questions before the Detroit Economic Club Wednesday. As Russ McNamara reports, Republican John James and Democrat Jocelyn Benson had differing visions of governance.

wemu.org logo
Sep 17 • 6:27 AM EDT • Health • wemu.org
The Strange New Politics of AI. Plus. . .

It’s Thursday, September 17. This is The Front Page, your daily window into the world of The Free Press—and our take on the world at large. Today: Douglas Murray asks, why do we allow terrorists to die of old age? The American nonprofits backing Hamas. A conversation with Dara Horn and Coleman Hughes. And much more. But first: inside the unlikely coalition warning that AI may kill us all. Last week, an AI researcher named Jacob Coxon made headlines around the world after saying that he had resigned from Anthropic because he believes AI might cause human extinction—and his co-workers do, too. Unlike the rest of us, potentially, the story just won’t die. The Pro-Human Assembly, a conference held Tuesday in Washington, D.C., about the existential dangers of artificial intelligence, couldn’t have come at a better time—or with a more eclectic coalition. The Archbishop of San Francisco was there. So was Steve Bannon, screaming about the Chinese. Bernie Sanders did a quasi-dramatic reading of messages posted to an online forum by rogue AI agents. Ashley Judd paraphrased a graphic Andrea Dworkin quote for reasons that remain a mystery to me still. It was odd. People in the AI industry have talked openly about the possibility of this technology causing human extinction for years, but it hits differently in the wake of the Hugging Face incident. If you don’t know what that is, all the more reason to read my dispatch today. As the doomers see it, the best-case scenario is a future in which humans are basically kept as pets: well cared for, but with zero autonomy. The worst-case scenario, obviously, is the everyone dies thing. What should be done? I heard lots of ideas but no easy answers. There are currently zero federal regulations on AI, which is sort of strange even to think about. After all, we regulate microwaves, and the people running the microwave industry have never once refused to rule out the possibility that their products will end all human life on Earth. What I saw in D.C. left me even more convinced that you would be hard-pressed to find anyone who believes nothing should be done. You know, except for President Trump. — River Page River Page • Tech and Business [ The AI Doomers Have a Plan to Save Us. I Went to Find Out What It Is. ](https://www.thefp.com/p/the-ai-doomers-have-plan-save-bernie-sanders-bannon) Read story How Robert Kraft Made Macklemore a Martyr—and How to Better Fight Antisemitism On Monday, New England Patriots owner Robert Kraft and a group of other NFL owners banned Macklemore from performing at their stadiums after the rapper delivered a “Free Palestine” speech while opening for Ed Sheeran. Kraft cited the rapper’s “broader history of antisemitic rhetoric and imagery.” Once multiple venues refused to host shows with Macklemore on the lineup, the tour’s promoter officially dropped him. Today, Josh Kaplan says that the move was counterproductive, arguing that though well-intentioned, Kraft’s decision turned an irrelevant footnote into a martyr. “You cannot cancel people into liking you,” Josh writes. Read his column on what a better response to Macklemore would have looked like. Read [ Robert Kraft Made Macklemore a Martyr ](https://www.thefp.com/p/robert-kraft-made-macklemore-martyr-antisemitism-palestine) This raises the question: What actually works against antisemitism? On the latest episode of Conversations with Coleman, recorded in front of a live audience in New York, Dara Horn joins Coleman Hughes to talk about her new book The Final Solution to the Jewish Question. She argues that antisemitism is a script that has repeated itself across countries and ideologies, and that most people don’t understand that well enough to fight it. Don’t miss their conversation. Watch [ The Lie at the Center of Antisemitism, with Dara Horn ](https://www.thefp.com/p/the-lie-at-the-center-of-antisemitism-coleman-hughes-dana-horn) Listen now Douglas Murray • U.S. Politics [ Douglas Murray: The 9/11 Failure That Still Haunts America ](https://www.thefp.com/p/douglas-murray-911-failure-justice-terrorist-guantanamo-bay) Twenty-five years after the September 11 attacks, the men who planned them have still not faced trial. Khalid Sheikh Mohammed and most of the accused have been locked up in Guantanamo Bay since 2002. Judges have retired, and plea deals have collapsed. Today, Douglas Murray examines how this happened and argues that a justice system that allows terrorists to die of old age in an interminable pretrial process is one that has failed. Read his latest column on what that failure says about our unpreparedness for the era we are now living in. Read story The Editors • U.S. Politics [ When Nonprofits Support Terrorists ](https://www.thefp.com/p/when-nonprofits-support-terrorists) A newly declassified CIA brief from 1998 found that Osama bin Laden used nonprofit shell organizations—including U.S.-based Islamic groups—to fund his terror plots. Today, a similar story is unfolding as multiple organizations on American soil present themselves as nonprofits, taking advantage of tax-exempt status while seeking to advance the ideological mission of terrorist groups like Hamas. Read our editorial on the latest evidence of this dangerous trend—and why there’s no excuse for making the same mistake the CIA revealed 28 years ago. Read story Simon Sebag Montefiore and Bari Weiss Live in New York For decades, the Middle East has shaped American foreign policy and loomed large in the public consciousness. Few understand its influence on our politics better than Simon Sebag Montefiore, who argues that America’s quagmires in the Middle East stem from a deep misunderstanding of the region—on both the left and the right. Join him October 1 as he sits down with Bari Weiss live in New York City to kick off his U.S. book tour for The Cauldron: The Making of the Modern Middle East. Get Tickets Now MORE FROM THE FREE PRESS [ Sydney Sweeney’s Naked Truth ](https://www.thefp.com/p/sydney-sweeneys-naked-truth-caitlin-flanagan) Caitlin Flanagan Read story [ I Thought Ukraine Was Losing. Then I Was Almost Hit by a Russian Drone. ](https://www.thefp.com/p/elliot-ackerman-ukraine-drone-gas-station-train) Elliot Ackerman Read story [ The Dangerous Ideology Behind the AI Warnings ](https://www.thefp.com/p/dangerous-ideology-effective-altruism-artificial-intelligence) Shyam Sankar Read story [ Amanda Knox: Patrick Clancy Can’t Win ](https://www.thefp.com/p/amanda-knox-patrick-clancy-grief-internet-crime) Amanda Knox Read story THE NEWS The Federal Reserve raised interest rates by a quarter point, its first hike since 2023, signaling that another increase could follow as the central bank tries to bring inflation under control. President Donald Trump fired back by demanding that rates be cut sharply, though he stopped short of criticizing Fed Chair Kevin Warsh by name. The Houthis fired drones and missiles at Saudi Arabia on Wednesday, including a major oil port on the Red Sea, and Saudi jets struck back with air strikes across Yemen in an escalating front of the Middle East war. (For more on the Houthis, read Zineb Riboua’s column from earlier this week.) A sweeping Russia and Iran sanctions bill passed the House in a 262–159 vote and is now heading to Trump for his signature. Named after the late senator Lindsey Graham, the legislation would hit countries that purchase large volumes of Russian oil and gas with tariffs of up to 100 percent, and is aimed at cutting off revenue that funds Russia’s war in Ukraine. European Commission president Ursula von der Leyen proposed making Canada the European Union’s first-ever “associate member,” drawing a standing ovation from European lawmakers. The proposal, framed as a response to a world grown more hostile, faces an uncertain path as EU member states would have to approve it, and one diplomat said that “nobody really ​knows what it means.” The House voted unanimously to send billionaire Leon Black a criminal contempt referral after he defied a congressional subpoena to testify and hand over documents related to his connections to Jeffrey Epstein. Black chose to fight the subpoena in court rather than comply. Charlie Kirk’s family filed a wrongful death notice Wednesday against Utah Valley University, alleging that a series of security failures left him exposed to a rooftop sniper. The notice is a required legal step before the family can sue. Merriam-Webster added 1,400 words and definitions to its dictionary, including looksmaxxing, vibe coding, and cuffing season. The publisher said the new entries offer “a window into the world today.” The Free Press earns a commission from any purchases made through all book links in this article.

thefp.com logo
Sep 17 • 6:03 AM EDT • Politics • thefp.com
Scott Jennings: “Tariffs and Corporate Taxes Are Both Taxes”
cnn.com logo
Sep 16 • 10:55 PM EDT • Politics • cnn.com
Benson, James discuss tariffs, taxes and business growth at Detroit Economic Club town hall
clickondetroit.com logo
Sep 16 • 6:31 PM EDT • Business • clickondetroit.com
😐 Neutral (9%)
House passes Russia sanctions, sending bill named for Lindsey Graham to Trump's desk

The legislation was named for the late South Carolina Republican. It gives the president authority to impose tariffs on top importers of oil and natural gas from Russia, such as China and India.

npr.org logo
Sep 16 • 6:30 PM EDT • Politics • npr.org
High-Signal Publisher
Benson, James pitch tariff remedies, business boosts & data center limits at Detroit Economic Club

DETROIT — The respective Republican and Democratic nominees for Michigan governor on Wednesday each proposed new solutions to the economic tariffs levied by the administration of President Donald Trump, especially those being used against Canada. Addressing the Detroit Economic Club on Wednesday afternoon in separate speaking events were Republican U.S. Rep. John James and Democrat […]

michiganadvance.com logo
Sep 16 • 5:29 PM EDT • Business • michiganadvance.com
Congress on track to approve major Russia sanctions bill — that could hand new tariff powers to Trump

Congress is poised to deliver President Donald Trump one final win ahead of the midterms — a major Russia sanctions bill that critics warn will empower him to impose sweeping new tariffs that could reverberate across the economy.

cnn.com logo
Sep 16 • 4:32 PM EDT • Politics • cnn.com
Benson, James lay out plans on tariffs, taxes and MEDC overhaul in business forum

Democratic Secretary of State Jocelyn Benson and Republican U.S. Rep. John James appeared separately before the Detroit Economic Club to answer the same eight questions on economic and business policy.

crainsdetroit.com logo
Sep 16 • 2:51 PM EDT • Business • crainsdetroit.com
U.S.-Canada trade war further taxes small businesses struggling with rising costs

“It’s like death by a thousand cuts,” a Vermont cheesemaker said, citing the rising costs of energy, inflation and now tariffs.

nbclosangeles.com logo
Sep 16 • 12:15 PM EDT • Business • nbclosangeles.com
U.S.-Canada trade war further taxes small businesses struggling with rising costs

“It’s like death by a thousand cuts,” a Vermont cheesemaker said, citing the rising costs of energy, inflation and now tariffs.

nbcnewyork.com logo
Sep 16 • 12:15 PM EDT • Business • nbcnewyork.com
US-Canada trade war further taxes small businesses as costs rise during the Iran war

Canada imposed reciprocal tariffs on about $20 billion worth of U.S. goods.

bostonherald.com logo
Sep 16 • 11:40 AM EDT • Business • bostonherald.com
US-Canada trade war further taxes small businesses as costs rise during the Iran war

Canada imposed reciprocal tariffs on about $20 billion worth of U.S. goods.

baltimoresun.com logo
Sep 16 • 11:40 AM EDT • Business • baltimoresun.com
US-Canada trade war further taxes small businesses as costs rise during the Iran war

NEW YORK (AP) — A trade war between the United States and Canada is making it more difficult and expensive for small businesses in the economically entwined cou

wtop.com logo
Sep 16 • 12:20 AM EDT • Business • wtop.com
US-Canada trade war further taxes small businesses as costs rise during the Iran war

Small business owners in the United States and Canada say a trade war between their countries is hurting sales while they are also dealing with rising expenses from higher fuel costs.

seattletimes.com logo
Sep 16 • 12:03 AM EDT • Business • seattletimes.com
The best deals from Nintendo’s ‘customer appreciation’ sale

Nintendo is giving gamers discounted games as a thank you for dealing with tariffs.

theverge.com logo
Sep 14 • 3:30 PM EDT • Technology • theverge.com
US companies get creative as tariff refunds start flowing in

U.S. companies getting refunds after the Supreme Court struck down President Donald Trump’s import tariffs are using the temporary windfall in a range of creative ways. The refunds are being

thederrick.com logo
Sep 14 • 11:53 AM EDT • Entertainment • thederrick.com
Trump says he's lifting 10% tariff on Irish whiskey because 'everybody's been bugging me'

President Donald Trump announced in April that he was lifting certain tariffs on U.K. whiskey, which includes Scotch and spirits made in Northern Ireland, creating an imbalance with Ireland.

pbs.org logo
Sep 14 • 7:43 AM EDT • Politics • pbs.org
🙂 Positive (35%)
Companies left China to dodge tariffs. Now some are heading back

A year after shifting production and sourcing out of China to avoid higher U.S. tariffs, some companies are learning that replicating the country's factory ecosystem is not so easy and are bringing manufacturing back.

reuters.com logo
Sep 14 • 3:51 AM EDT • Business • reuters.com
Companies left China to dodge tariffs. Now some are heading back

By Ellen Zhang and Marius Zaharia BEIJING/HONG KONG, Sept 14 (Reuters) - A year after shifting production and sourcing out of China to avoid higher U.S. tariffs, some companies are

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Sep 14 • 3:51 AM EDT • Business • lufkindailynews.com
Ireand cheers as Trump says he will remove tariffs on Irish whiskey

Trump said he decided to remove the tariffs on Irish whiskey after he was asked to by the Irish prime minister and golfer Shane Lowry.

businessinsider.com logo
Sep 13 • 5:27 PM EDT • Business • businessinsider.com
Trump says he’ll remove tariffs on Irish whiskey

On foreign land but home turf, Donald Trump presented the Irish Open trophy to Shane Lowry at the president’s Doonbeg golf course. He also presented an unexpected “favor”: the elimination of tariffs on Irish whiskey.

cnn.com logo
Sep 13 • 3:37 PM EDT • Politics • cnn.com
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Trump says he plans to remove a 15% tariff on Irish whiskey

The Irish Whiskey Association had called for the tariffs to be removed, arguing that such a step would help many U.S. companies with Irish products in their portfolios.

seattletimes.com logo
Sep 13 • 2:00 PM EDT • Business • seattletimes.com
Irish golf fans chant 'USA' after Trump announces end of tariffs on Irish whiskey

Irish golf fans chanted "USA" after President Donald Trump announced an end to U.S. tariffs on Irish whiskey at the Irish Open on Sunday.

foxbusiness.com logo
Sep 13 • 1:53 PM EDT • Business • foxbusiness.com
U.S.-Canada relationship under strain 25 years after 9/11

The two countries are confronting each other over tariffs, trade and the future of an economic and political partnership.

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Sep 11 • 8:55 PM EDT • Politics • spectrumlocalnews.com
Democratic governors criticize Trump policies amid rising costs

Andy Beshear and other Democratic governors criticized Trump’s tariffs, fuel prices and $5,000 dividend proposal during Louisville gathering.

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Sep 10 • 4:50 PM EDT • Politics • spectrumnews1.com
Hockey is already one of the priciest youth sports. New tariffs could make it pricier.

How one Cedar Rapids club is working to keep the sport affordable.

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Sep 10 • 4:14 PM EDT • Sports • kcrg.com
A Sprint to Decipher U.S.-Canada Tariffs: ‘Are Sprinkles on the List?’

President Trump’s levies on a long, eclectic list of products from Canada has companies scrambling to figure out of their supply chains are affected.

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Sep 10 • 12:19 PM EDT • Business • nytimes.com