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President Donald Trump’s advisers aren’t so sure that another round of tariffs is a good idea. According to a report Tuesday by the Financial Times, Trump is preparing to let loose a “barrage” of fresh tariffs on dozens of countries this week, just before his temporary 10 percent global tariff expires on Friday. More tariffs, on top of energy prices already skyrocketing in response to the Iran war, risk “inflaming voter frustration over the high cost of living,” the Times reports.Trump’s seemingly endless tariff campaign is unpopular with voters across the political spectrum. A new Washington Post-Ipsos poll puts Trump’s overall approval rating at just 37 percent, dragged down by his handling of the economy and the war in Iran. Two-thirds of Americans now disapprove of how Trump is handling affordability. Republicans, staring down the fast-approaching midterm elections in November, are shaking in their boots. Trump, on the other hand, either hasn’t noticed or doesn’t care—just Monday, he announced new 50 percent tariffs against Canada. These tariffs are potentially retaliation for the wildfire smoke that drifted across America’s northern border last week.“We are holding Canada responsible for the fact that they are not properly maintaining their Forests, and Brush therein,” the president wrote on Truth Social Friday. “This is Willful Negligence … which cost of this pollution must of necessity be added to the TARIFFS Canada is currently paying.” A senior administration official has since denied any relation between the wildfires and the new tariffs.Even if Trump can’t see it, White House insiders know that another round of tariffs is a bad look. “Behind the scenes, senior officials have been counseling the president to maintain stability with trading partners and honor the deals that Washington struck with them to reduce their tariffs … according to two people familiar with the matter,” the Financial Times reports.“If candidates are not talking about the economy, if candidates are not talking about affordability, if they’re not talking about how they’re going to make people’s lives at home cheaper and less expensive, then they’re not talking about the issues that voters care about,” Paul Shumaker, a veteran Republican strategist told The Washington Post Monday. Republicans know that resurrecting Trump’s trade war, not only with Canada but with the rest of the world, is a recipe for disaster. The question is: Do they have the guts to stop it?

By putting their own balance sheets and brand names behind these deals, banks are validating the very underwriting they’ve spent months criticizing for being full of cockroaches.

More than 4.5 million people across the country have lost access to federal food assistance since the passage of President Donald Trump’s One Big Beautiful Bill, according to a recent report by the Center on Budget and Policy Priorities, or CBPP.The Supplemental Nutrition Assistance Program, known as SNAP, was one of the social safety net programs gutted by Trump’s budget, which narrowed eligibility for food aid and foisted the costs associated with SNAP onto states. As a result, CBPP estimates that 11 percent of SNAP participants—including 1.5 million children—were knocked off their food assistance between July 2025 and April 2026. The “big, beautiful bill” marked the most significant cuts in SNAP history. This included the expansion of work requirements for homeless people, veterans, and all able-bodied adults without children up to age 65, although people over age 54 were previously exempt. The bill also ended eligibility for many people with lawful immigration status and required states with high error rates to pay significantly more in benefit costs.Some parts of the country are being hit harder than others. Arizona in particular has seen a decline of more than 50 percent, as more than 440,000 Arizonans receiving SNAP benefits have been dropped from the program in less than a year. These new cuts have snowballed with bureaucratic red tape, anxieties around error rates, and problems in the state’s SNAP offices, including cuts to staff. Arizona’s approach to SNAP has been praised by federal officials, however, for “leading the way” in carrying out Trump’s changes and cutting “waste, fraud and abuse.” “Arizonans losing SNAP say they are skipping meals, quarreling over food, and missing rent payments to restock pantry shelves,” The New York Times reported Monday. “For the first time, monthly visits to the state’s food banks—private charities—have exceeded enrollment in SNAP.”In its report, the CBPP wrote that Trump’s “big, beautiful bill” poses a “great harm to families, including higher food costs, poverty, and hunger.… We expect these harms to grow as states fully implement eligibility restrictions and take actions to lower their error rates.”But hey, at least the White House is getting a new ballroom.

Many of Britain’s corporate crown jewels make more of their money in the US and fast-growing Asian markets than at home.

China’s US-bound shipments of rare-earth magnets so far this year are 20% below average levels seen between 2022 and 2024, customs data showed.

Kai-Fu Lee’s firm is aiming to raise funds ahead of a potential 2027 IPO, joining other AI labs that have gone public or plan to.

“As we originate more and more, then we can go to our clients, like insurance companies, and see much more conversion,” CEO Larry Fink told analysts last week.

The total amount currently bet against shares of the S&P 500 companies recently hit $1.4 trillion, about 3.7% of the float, the highest since at least 2010, according to data provider S3 Partners.