Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Treasury Secretary Scott Bessent is doubling down on the potential economic upsides of the tariffs, predicting massive revenue growth for the U.S. Government, alongside a boost to the domestic economy. On Tuesday, in a post on X, Bessent…
The trade war is here and it’s coming for your fits. After months of will-he-won’t-he speculation, Donald Trump unveiled a blistering raft of tariffs against friends, foes, and penguins alike on April 2, which he dubbed “Liberation Day.” Tariffs, which Trump once called “the most beautiful word,” have been wielded by every administration as both…
With President Joe Biden leaving office soon, the Commerce Department is wrapping up loose ends, including allocating billions of dollars in subsidies to help build advanced chips on U.S. soil. The Commerce Department will give Taiwan Semiconductor Manufacturing (TSMC) up to $6.6 billion in direct funding for three semiconductor manufacturing facilities in Arizona, according to…