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Trump Backs Off 20% Fee Plan For Hormuz, Asserts 'FULL Blockade' Only On Iranian Ports
Trump Backs Off 20% Fee Plan For Hormuz, Asserts 'FULL Blockade' Only On Iranian Ports
Update(11:20ET): It's the return of another TACO Tuesday as President Trump in a lengthy Truth Social missive appears to have reversed his plan to collect a 20% of cargo fee for international vessels wishing to transit the Strait of Hormuz.
"Oil is flowing like never before," he began (except it's not...), before writing, "Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and...
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Jun 27, 2026 / Tyler Durden
Young Americans Expect To Buy A Home Later In Life (Or Not At All)
Young Americans Expect To Buy A Home Later In Life (Or Not At All)
For decades, homeownership has been a key milestone of adulthood in the United States.
In recent years, however, the middle-class ideal of homeownership and suburban comfort, once an embodiment of the American Dream, has gotten out of reach for many families, as elevated home prices, high mortgage rates and a period of stagnant real wages have left many families unable to even consider it.
As Statista's Felix Richter shows below, only 25 percent of non-homeowners expect to buy a house...
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Mar 6, 2026 / Tyler Durden
It Was All A Mirage: 2.5 Million Native-Born US Workers Were Just Revised Away
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One of Donald Trump's core pre-election promises (along with cracking down on immigration and no more foreign wars) was to boost employment for local-born Americans at the expense of the record employment for foreign-born, mostly illegal, workers. And for a while it worked: four months ago, when discussing the September jobs report, we said that while the broader report was generally mixed, it was "indisputably strong when it comes to one thing: the rotation from foreign...
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May 14, 2026 / Tyler Durden
Trump, Xi Put Hormuz, Iran, Trade, Taiwan At Center Of Historic Beijing Summit
Trump, Xi Put Hormuz, Iran, Trade, Taiwan At Center Of Historic Beijing Summit
President Trump and Chinese President Xi Jinping are currently seated at the main table at a state banquet. President Xi called the visit historic, and said U.S.-China ties are "stable" amid talks with Trump's team.
President Xi offers a toast at the state banquet dinner in Beijing: "To the bright future of China-U.S. relations, and the friendship between the two peoples, and to the health of President Trump and all of the friends present." pic.twitter.com/VmJeU4Xk1f
— Rapid Response 47...
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