<p>US President Donald Trump’s sweeping new tariffs, designed to boost American manufacturing and generate billions in revenue, are already hitting consumer wallets. While allies like the European Union and Japan have struck deals to dodge the worst tariffs, others like Canada and Vietnam are facing steep hikes from August 1. And for ordinary Americans, the price pain is just getting started. are now as high as 50 per cent on some imports, including Canadian crude oil and Brazilian coffee. The Budget Lab at Yale warns that clothing prices alone may surge up to 37 per cent in the near term.</p><p>&nbsp;</p><p>So,&nbsp; what exactly will Americans be paying more for?</p>

<p><strong>Products that will cost Americans more under Trump’s tariffs</strong></p><figure class="table"><table><tbody><tr><td><strong>Product Category</strong></td><td><strong>Countries Targeted</strong></td><td><strong>Tariff Range</strong></td><td><strong>Key Impact</strong></td></tr><tr><td>Clothing &amp; Footwear</td><td>China, Vietnam, Bangladesh</td><td>19–30%</td><td>Budget apparel to see price spikes at Target &amp; Walmart</td></tr><tr><td>Coffee</td><td>Brazil, Vietnam</td><td>20–50%</td><td>Morning brew to get more expensive</td></tr><tr><td>Olive Oil &amp; Produce</td><td>EU, Mexico</td><td>15–25%</td><td>Pasta nights and avocado toast take a hit</td></tr><tr><td>Alcohol</td><td>EU, Mexico</td><td>Varies</td><td>Champagne, whiskey &amp; canned beers costlier</td></tr><tr><td>Cars &amp; Auto Parts</td><td>Global (excl. EU, Japan)</td><td>Up to 25%</td><td>Higher cost of imported and even US-assembled cars</td></tr><tr><td>Construction Goods</td><td>Canada, global</td><td>Up to 50%</td><td>Steel, copper &amp; lumber prices raise home costs</td></tr><tr><td>Energy &amp; Fuel</td><td>Canada</td><td>10%</td><td>Heavier crude tariffs may push up gas prices</td></tr></tbody></table></figure>

<h2><strong>Clothes no longer cheap as chips</strong></h2><p>Whether it’s Levi’s jeans or Nike trainers, most US clothing comes from overseas. Countries like Vietnam, China, and Bangladesh dominate supply chains. According to the BBC, tariffs on Chinese apparel are now 30 per cent, with Vietnam and Bangladesh next in line at 19–20 per cent from August.</p><p><br>That’s already nudging up retail prices. After months of decline, US apparel prices jumped 0.4 per cent from May to June, per the Bureau of Labor Statistics. Analysts at Yale’s Budget Lab predict that the average consumer could soon pay over a third more for everyday clothing.<br>Big retailers like Walmart and Target are under pressure. Bloomberg reports many brands are passing on at least part of the cost to consumers, and the back-to-school season may be the first casualty.</p><h2><strong>Coffee&nbsp;</strong></h2><p>America imports nearly all its coffee. That’s bad news when Brazilian beans that will face a 50 per cent import tariff, and Vietnamese coffee 20 per cent, according to Reuters.</p><p>&nbsp;</p><p>Even Starbucks may struggle to hold prices steady. As per Bloomberg, global coffee futures are rising due to trade tensions and adverse weather. Combined with tariffs, the daily caffeine fix could soon strain wallets, especially for low-income households.</p><h2><strong>Olive oil, avocados &amp; tomatoes take a hit</strong></h2><p>Olive oil from Italy or Spain, tomatoes from Mexico, these food staples are caught in the tariff crossfire.</p><p>&nbsp;</p><p>The 15 per cent tariff on EU goods, and separate duties on Mexican produce, are already showing up in shelf prices. Yale’s Budget Lab forecasts a 3.4 per cent jump in food prices, with fresh items like avocados and tomatoes seeing sharper spikes.</p><p>&nbsp;</p><p>While some exemptions were granted, the coverage remains patchy. “The food aisle will feel the pain well before the factory floor sees any gain,” one food importer told Reuters anonymously.</p><h2><strong>What about alcohol?</strong></h2><p>Europe sends nearly €9 billion ($9.8 billion) of alcohol to the US each year, including champagne and Irish whiskey, as per Bloomberg.</p><p>&nbsp;</p><p>While the recent EU-US deal removed some food tariffs, it’s unclear if alcohol was included. If not, drinkers may pay more for their favourite imports. Meanwhile, Mexican beers like Corona face higher prices due to aluminium tariffs, which raise canning costs. Given that over 64 per cent of beer in the US is canned, the impact could be wide.</p><h2><strong>Car buyers beware: Tariffs hit global supply chains</strong></h2><p>Trump’s 25 per cent tariff on imported vehicles and parts, softened to 15 per cent for EU and Japanese imports, still leaves others exposed. Although car prices haven’t soared yet, analysts warn this may change. “Manufacturers are currently absorbing the shock,” Erin Keating from Cox Automotive told BBC. “But it’s not sustainable.”</p><p>Ironically, some American-brand cars built in Mexico or Canada also face levies, meaning US companies may lose ground to foreign automakers with local plants.</p><h2><strong>Building homes? It’s going to cost more</strong></h2><p>Trump’s earlier tariffs on steel and aluminium have already nudged up home construction costs. A new 50 per cent levy on copper and looming tariffs on Canadian lumber could make things worse.</p><p>&nbsp;</p><p>The National Association of Home Builders says the average home price could rise significantly if lumber tariffs go through. As per the Canadian Chamber of Commerce, Canada supplies 69 per cent of US lumber, 25 per cent of imported iron and steel, and 18 per cent of copper.</p><p>&nbsp;</p><p>“Consumers end up paying for the tariffs in the form of higher home prices,” NAHB warned.</p><h2><strong>Canadian crude tariffs may fuel price hikes</strong></h2><p>Trump’s 10 per cent tariff on Canadian energy exports is a wildcard. While oil and gas imports were mostly exempt, the move may upset the balance.</p><p>According to official US data, 61 per cent of US crude oil imports (Jan–Nov 2024) came from Canada. American refineries depend heavily on “heavy crude” from Canada for diesel and jet fuel.</p><p>&nbsp;</p><p>If Canada retaliates, Bloomberg warns fuel prices in the US could rise, even though the country is a net oil exporter.</p><h2><strong>Tariffs or tax? Americans will feel the cost</strong></h2><p>Trump insists the tariffs will bring jobs home and bolster the US economy. But as Yale’s economists, Bloomberg analysts and Reuters surveys suggest that the upfront cost may be borne by households.</p><p>&nbsp;</p><p>Whether it’s denim, drip coffee, or diesel, for millions of Americans, the next shopping bill might come with a tariff-shaped surprise.</p><p><br>&nbsp;</p><p><i>(With inputs from the agencies)</i></p>

Tariffs range from 19% to 50% on items from countries including China, Brazil, Canada, and Mexico. Key price hikes are anticipated in clothing (up to 37%), coffee (20-50%), and food staples like olive oil and fresh produce (15-25%). 

US President Donald Trump’s sweeping new tariffs, designed to boost American manufacturing and generate billions in revenue, are already hitting consumer wallets. While allies like the European Union and Japan have struck deals to dodge the worst tariffs, others like Canada and Vietnam are facing steep hikes from August 1. And for ordinary Americans, the price pain is just getting started. are now as high as 50 per cent on some imports, including Canadian crude oil and Brazilian coffee. The Budget Lab at Yale warns that clothing prices alone may surge up to 37 per cent in the near term. So, what exactly will Americans be paying more for?

<p>Post-Trump's new tariffs, Americans will face increased costs across multiple product categories.</p>

Here are things that will cost Americans more post-Trump's new tariff

<p>Passengers aboard an American Airlines Boeing 737 MAX 8 were evacuated at Denver International Airport on Saturday after the aircraft aborted its takeoff following the fire, which resulted in smoke due to a landing gear failure. Flight 3023, bound for Miami, had 173 passengers and six crew members on board when the mechanical issue occurred.</p><p>&nbsp;</p><p>The Federal Aviation Administration (FAA) stated that the aircraft experienced a suspected landing gear failure amid takeoff, prompting the takeoff to be cancelled. All passengers on the flight were evacuated quickly on the runway using inflatable emergency slides. Following the incident, the FAA has launched an investigation into it, according to a report by India Today.</p><p>&nbsp;</p><p>A live air traffic control recording shared by 9News captured the intense moments as a controller alerted the cockpit, "Flight 2023, you got a lot of smoke. There were some flames. Looks like the smoke is dying down a bit." Later the controller added, "You are actually on fire."</p>

<blockquote class="twitter-tweet" data-media-max-width="560"><p lang="en" dir="ltr">And Boeing Continues to face issues.<br>This time <a href="https://twitter.com/hashtag/AmericanAirlines?src=hash&amp;ref_src=twsrc%5Etfw">#AmericanAirlines</a> at Denver airport when Boeing 737 Max stopped take off due to fire in tire and passengers were evaluated in emergency situation <br>Thankyou God all are safe🙏<a href="https://twitter.com/hashtag/Boeing?src=hash&amp;ref_src=twsrc%5Etfw">#Boeing</a> <a href="https://twitter.com/hashtag/planecrash?src=hash&amp;ref_src=twsrc%5Etfw">#planecrash</a> <a href="https://twitter.com/hashtag/USA?src=hash&amp;ref_src=twsrc%5Etfw">#USA</a> <a href="https://twitter.com/hashtag/ViralVideo?src=hash&amp;ref_src=twsrc%5Etfw">#ViralVideo</a> <a href="https://twitter.com/hashtag/KargilVijayDivas?src=hash&amp;ref_src=twsrc%5Etfw">#KargilVijayDivas</a> <a href="https://t.co/n4PMlJcu2K">pic.twitter.com/n4PMlJcu2K</a></p>&mdash; देशहित सर्वोपरि (@Mindblower81) <a href="https://twitter.com/Mindblower81/status/1949306706514911681?ref_src=twsrc%5Etfw">July 27, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<h3>Evacuation from American Airlines Boeing 737 MAX 8</h3><p>A video of the incident surfaced on social media showing passengers sliding down from emergency slides after thick smoke poured from the left rear side of the jet. However, the blaze had been extinguished at 5.10 pm after the Denver Fire Department responded swiftly to the scene.</p><p>&nbsp;</p><p>Meanwhile, in a statement, American Airlines confirmed that the aircraft experienced a “mechanical issue on take-off roll,” including a tire. "All customers and crew deplaned safely, and the aircraft was taken out of service to be inspected by our maintenance team. We thank our team members for their professionalism and apologise to our customers for their experience," the airline said.</p><p>Also read: <a href="https://www.wionews.com/world/american-airlines-cancel-hundreds-of-flights-due-to-these-reasons-check-details-inside-1753204496663">American Airlines cancel hundreds of flights due to THESE reasons - Check details inside</a></p><p>&nbsp;</p><p>The airline also added that passengers will continue their journey to Miami on another aircraft later in the day.</p><p>&nbsp;</p><p>The officials from the airports and the airline confirmed that emergency medical personnel evaluated five people from the scene, and a person with a minor injury was transported to a local hospital. And the Boeing aircraft is currently under inspection following the incident.</p><p>&nbsp;</p>

After the American Airlines Boeing 737 MAX 8 caught fire, all passengers on the flight were evacuated quickly on the runway using inflatable emergency slides. Soon after the incident, the FAA launched an investigation into it.

Passengers aboard an American Airlines Boeing 737 MAX 8 were evacuated at Denver International Airport on Saturday after the aircraft aborted its takeoff following the fire, which resulted in smoke due to a landing gear failure. Flight 3023, bound for Miami, had 173 passengers and six crew members on board when the mechanical issue occurred. The Federal Aviation Administration (FAA) stated that the aircraft experienced a suspected landing gear failure amid takeoff, prompting the takeoff to be cancelled. All passengers on the flight were evacuated quickly on the runway using inflatable emergency slides. Following the incident, the FAA has launched an investigation into it, according to a report by India Today. A live air traffic control recording shared by 9News captured the intense moments as a controller alerted the cockpit, "Flight 2023, you got a lot of smoke. There were some flames. Looks like the smoke is dying down a bit." Later the controller added, "You are actually on fire."

<p>After the American Airlines Boeing 737 MAX 8 caught fire, all passengers on the flight were evacuated quickly on the runway using inflatable emergency slides. Soon after the incident, the FAA launched an investigation into it.</p>

WATCH: Passengers evacuated from American Airlines jet as Boeing aircraft catches fire at Denver airport

<p>The United States celebrates its independence on July 4, 2025, as it gained freedom from Great Britain. The celebration comes with fireworks and parades as well as local traditions like flyovers, festivals and concerts. This day is one of the 11 federal holidays in the US, where several places and services remain closed.</p><p>However, for the celebration of Independence Day, you can explore several places in the US where the spot with its service will remain open. So, there are numerous sites where citizens of the US and even non-citizens of the US can have an adventure and a good family holiday.</p><h3>Here is a list of the top 10 best places to visit on July 4:</h3><h3>10. Myrtle Beach, South Carolina</h3><p>Myrtle Beach captures the spirit of summer with sun-soaked beaches, open-air concerts, juicy watermelon, and fireworks galore. The Fourth of July here offers multiple fireworks displays at locations like Barefoot Landing, Cherry Grove Pier, and Broadway at the Beach.</p><h3>9. Orlando, Florida</h3><p>Along with Orlando, fireworks extravaganzas light up the skies at Walt Disney World Resort, Universal Orlando Resort, and LEGOLAND Florida Resort.</p><h3>8. Traverse City, Michigan</h3><p>Head to Traverse City for a festive July celebration filled with fireworks and cherries. Known as the "Cherry Capital of the World," the city is hosting the National Cherry Festival from June 28 to July 5, 2025, offering both a visual and culinary treat.</p><h3>7. Chicago, Illinois</h3><p>Celebrate Independence Day along the lakefront in Chicago with an array of events. Highlights include fireworks, the Taste of Chicago food fest, boat cruises, a music performance at Grant Park, and the high-speed NASCAR Chicago Street Race on July 5–6, 2025.</p><h3>6. Columbus, Ohio</h3><p>Columbus hosts the Midwest’s biggest Independence Day celebration, covering 2.5 square miles downtown. Expect live concerts, a parade, a bustling street fair, and a grand fireworks show at 10 pm. Don’t miss the National Veterans Memorial and Museum, which honours service members from every military branch.</p><h3>5. Madison, Wisconsin</h3><p>Wisconsin’s capital city has a weekend full of patriotic festivities in 2025. The WaunaBoom celebration in Waunakee starts at 2 p.m. and features music, food trucks, family fun, and aerial shows including a Black Hawk landing and an F-35 fighter jet flyover.</p><h3>4. New Haven, Connecticut</h3><p>Visitors in New Haven can enjoy more than 2,000 acres of lush parkland. From strolling through the historic New Haven Green to hiking scenic trails at East Rock Park, the city offers plenty of outdoor spaces for daytime adventure and relaxation.</p><h3>3. Boston, Massachusetts</h3><p>Steeped in Revolutionary history, Boston celebrates Independence Day with true patriotic spirit. The multi-day Boston Harborfest features everything from Chowderfest to military band concerts, reflecting the city's deep roots in America's founding story.</p><h3>2. Hanover, New Hampshire</h3><p>Hanover's Old-Fashioned Fourth of July Celebration brings small-town charm to life. Set downtown and on the Dartmouth Green, the 2025 theme, Hanover in Harmony, features live music, a hometown parade, pie-eating contests, carnival-style games, and pony rides.</p><h3>1. New York City, New York</h3><p>NYC’s Fourth of July extravaganza is headlined by Macy’s iconic fireworks show, launched over the Hudson River. Visible from many spots in Manhattan and New Jersey, the dazzling display lights up the skyline with thousands of shells in one of the nation’s largest pyrotechnic events.</p>

There are numerous sites where citizens of the US and even non-citizens of the US can have an adventure and a good family holiday on US Independence Day. The celebration comes with fireworks and parades as well as local traditions like flyovers, festivals and concerts. 

The United States celebrates its independence on July 4, 2025, as it gained freedom from Great Britain. The celebration comes with fireworks and parades as well as local traditions like flyovers, festivals and concerts. This day is one of the 11 federal holidays in the US, where several places and services remain closed. However, for the celebration of Independence Day, you can explore several places in the US where the spot with its service will remain open. So, there are numerous sites where citizens of the US and even non-citizens of the US can have an adventure and a good family holiday. Here is a list of the top 10 best places to visit on July 4: 10. Myrtle Beach, South Carolina Myrtle Beach captures the spirit of summer with sun-soaked beaches, open-air concerts, juicy watermelon, and fireworks galore. The Fourth of July here offers multiple fireworks displays at locations like Barefoot Landing, Cherry Grove Pier, and Broadway at the Beach. 9. Orlando, Florida Along with Orlando, fireworks extravaganzas light up the skies at Walt Disney World Resort, Universal Orlando Resort, and LEGOLAND Florida Resort. 8. Traverse City, Michigan Head to Traverse City for a festive July celebration filled with fireworks and cherries. Known as the "Cherry Capital of the World," the city is hosting the National Cherry Festival from June 28 to July 5, 2025, offering both a visual and culinary treat. 7. Chicago, Illinois Celebrate Independence Day along the lakefront in Chicago with an array of events. Highlights include fireworks, the Taste of Chicago food fest, boat cruises, a music performance at Grant Park, and the high-speed NASCAR Chicago Street Race on July 5–6, 2025. 6. Columbus, Ohio Columbus hosts the Midwest’s biggest Independence Day celebration, covering 2.5 square miles downtown. Expect live concerts, a parade, a bustling street fair, and a grand fireworks show at 10 pm. Don’t miss the National Veterans Memorial and Museum, which honours service members from every military branch. 5. Madison, Wisconsin Wisconsin’s capital city has a weekend full of patriotic festivities in 2025. The WaunaBoom celebration in Waunakee starts at 2 p.m. and features music, food trucks, family fun, and aerial shows including a Black Hawk landing and an F-35 fighter jet flyover. 4. New Haven, Connecticut Visitors in New Haven can enjoy more than 2,000 acres of lush parkland. From strolling through the historic New Haven Green to hiking scenic trails at East Rock Park, the city offers plenty of outdoor spaces for daytime adventure and relaxation. 3. Boston, Massachusetts Steeped in Revolutionary history, Boston celebrates Independence Day with true patriotic spirit. The multi-day Boston Harborfest features everything from Chowderfest to military band concerts, reflecting the city's deep roots in America's founding story. 2. Hanover, New Hampshire Hanover's Old-Fashioned Fourth of July Celebration brings small-town charm to life. Set downtown and on the Dartmouth Green, the 2025 theme, Hanover in Harmony, features live music, a hometown parade, pie-eating contests, carnival-style games, and pony rides. 1. New York City, New York NYC’s Fourth of July extravaganza is headlined by Macy’s iconic fireworks show, launched over the Hudson River. Visible from many spots in Manhattan and New Jersey, the dazzling display lights up the skyline with thousands of shells in one of the nation’s largest pyrotechnic events.

<p>There are numerous sites where citizens of the US and even non-citizens of the US can have an adventure and a good family holiday on US Independence Day. The celebration comes with fireworks and parades as well as local traditions like flyovers, festivals and concerts.&nbsp;</p>

Where to spend July 4th in the US? Here are the top 10 cities to visit

<p>After President Donald Trump on Saturday (Jun 21) announced a “very successful attack” on Iran's three nuclear sites, including Fordow, Natanz, and Esfahan, the several Los Angeles residents expressed mixed reactions to the situation and called it 'scary'.</p><p>Speaking to the news agency Reuters on the street in the Californian city, a resident stated that President Trump was "doing what he has to do". "Because at the end of the day, I want my future kids to be living in a nation where they're going to be safe", said Eleno Jr. Juarez, an LA resident.</p><p>Another citizen said in a post on X, “Trump is a fool. I voted for America first and that doesn't mean attacking other countrys because they make Israel mad. To hell with Israel.”</p><p>&nbsp;</p>

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Trump is a fool. I voted for America first and that doesn&#39;t mean attacking other countrys because they make Israel mad. To hell with Israel</p>&mdash; Shawn McHugh (@realshawnmchugh) <a href="https://twitter.com/realshawnmchugh/status/1936573767511335074?ref_src=twsrc%5Etfw">June 21, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<p>A user on the social media platform, Truth Social, said, “Depending on your opinion there are those who approve of the Trump administration's bombing of Iran nuclear sites and those who do not. Undoubtedly those who do not approve of the bombing of the nuclear sites have bad dreams every night whereas those who approve of the bombing have good dreams every night. The United States is about 70/30 on that front. When Donald Trump said he wanted to restore the American dream that included our dream lives and he was not kidding.”</p><p>&nbsp;</p>

<h3>Americans do not want war: Democrats party chairman&nbsp;</h3><p>Meanwhile, the chairman of the Democrats party of the US, Ken Martin, hit out at the President Donald Trump following the military attack on Iran.&nbsp;</p><p>In a statement, he said, "In January-speaking to the entire nation at his Inauguration-Donald Trump proclaimed, ‘We will measure our success not only by the battles we win, but also by the wars that we end, and perhaps most importantly, the wars we never get into.’ Today, against his own words, the president sent bombers into Iran.&nbsp;</p><p>He added in the statement that the people of America overwhelmingly do not want to go to war and risk the safety of troops abroad. Martin also said Americans do not want a president who bypasses our Constitution and pulls us towards war without congressional approval. He emphasised that Donald Trump needs to bring his case to Congress as soon as possible.<br>&nbsp;</p>

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">My statement on Trump&#39;s unilateral act of war with Iran. <a href="https://t.co/b2DDZyX9YJ">pic.twitter.com/b2DDZyX9YJ</a></p>&mdash; Ken Martin (@kenmartin73) <a href="https://twitter.com/kenmartin73/status/1936606162788528434?ref_src=twsrc%5Etfw">June 22, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Speaking to the news agency Reuters on the street in the Californian city, a resident stated that President Trump was "doing what he has to do". 

After President Donald Trump on Saturday (Jun 21) announced a “very successful attack” on Iran's three nuclear sites, including Fordow, Natanz, and Esfahan, the several Los Angeles residents expressed mixed reactions to the situation and called it 'scary'. Speaking to the news agency Reuters on the street in the Californian city, a resident stated that President Trump was "doing what he has to do". "Because at the end of the day, I want my future kids to be living in a nation where they're going to be safe", said Eleno Jr. Juarez, an LA resident. Another citizen said in a post on X, “Trump is a fool. I voted for America first and that doesn't mean attacking other countrys because they make Israel mad. To hell with Israel.”

<p>Speaking to the news agency Reuters on the street in the Californian city, a resident stated that President Trump was "doing what he has to do".&nbsp;</p>

‘Scary situation’: Americans react after Trump launches attack on Iran; Democrats slam US prez for violating promise

<p>Donald&nbsp;Trump has disclosed tens of millions of dollars in income from cryptocurrencies, branded merchandise and luxury real estate, as per his latest financial filing since returning to the White House in January 2025.</p><p>&nbsp;</p><p>The report, submitted to the US Office of Government Ethics on June 13 and accessed by Reuters, offers the most detailed snapshot yet of the president’s personal business interests. And the earnings are staggering.</p><p>&nbsp;</p><p>At the top of the list: $57.35 million from World Liberty Financial, a Trump family crypto firm launched in 2024. The filing shows Trump owns over 15.75 billion governance tokens in the company. His three sons — Donald Jr., Eric, and Barron — are listed as co-founders on the firm’s website.</p><p>&nbsp;</p><p>The filing, though dated in June 2025, appears to reflect earnings through December 2024 — meaning Trump’s newer meme coin, the $TRUMP token (launched in January), isn’t even part of the declared income yet.</p><h2>From golf resorts to guitars: The Trump empire expands</h2><p>While the crypto headline drew most attention, Trump’s traditional business pillars remain robust. His Florida real estate holdings, including the Doral, Jupiter and West Palm Beach golf resorts, along with the Mar-a-Lago club generated a combined income of at least $217.7 million, as quoted by Reuters.</p><p>&nbsp;</p><p>Trump also reportedly earned $5 million in licensing fees from a property development venture in Vietnam.&nbsp;</p><p>&nbsp;</p><p>But it’s the former president’s name-brand merchandise empire that stood out for its eclecticism and profitability.</p><p>&nbsp;</p><p>The financial disclosure revealed Trump received royalties from a range of goods branded with his name and image, including:</p><ul><li>$3 million from his “Save America” coffee table book</li><li>$2.8 million from Trump-branded watches</li><li>$2.5 million from a line of Trump fragrances and sneakers</li><li>$1.3 million from the Greenwood Bible, a special edition bearing Trump’s branding</li><li>$1.05 million from a “45” signature guitar</li><li>$1.15 million from NFT licensing and digital collectibles</li></ul><p>These earnings were listed in the 234-page disclosure, which includes over 140 pages of stock, bond, and investment listings, as confirmed by the New York Post.</p><h2>Crypto, lawsuits and a media stake</h2><p>Apart from assets, Trump also declared liabilities, including outstanding payments in the E. Jean Carroll defamation case, currently under appeal, and a balance of at least $15,000 on an American Express credit card.</p><p>&nbsp;</p><p>The filing reaffirms that Trump continues to hold a major stake in Trump Media &amp; Technology Group, the parent company of Truth Social. His 53 per cent share is held in a revocable trust overseen by Donald Trump Jr., and is estimated to be worth billions on paper.</p><p>&nbsp;</p><p>Notably, as reported by The Wall Street Journal, Trump’s earnings from $TRUMP meme coin and other new crypto ventures were excluded from this filing, since the disclosure only covered 2024.</p><h2>A contrast with past presidents</h2><p>For comparison, President Joe Biden’s 2024 financial disclosure ran just 11 pages and listed mostly conventional retirement and banking income. Vice President Kamala Harris’ disclosure was similarly brief.</p><p>&nbsp;</p><p>Trump’s vast portfolio, spanning digital tokens, luxury clubs, NFTs, guitars, and religious books, places him in a financial category far removed from his predecessors.</p><p>&nbsp;</p><p>While critics continue to raise ethical concerns about potential conflicts between policy and profit, Trump has long rejected such criticism, claiming that business success only affirms his leadership credentials.</p><p>&nbsp;</p><p><i>(With inputs from the agencies)</i></p><p><br>&nbsp;</p>

Trump 2025 ethics filing reveals over $57 million from crypto, $217 million from golf resorts, and earnings from NFTs, books, and branded goods—highlighting his vast business empire while in office.

Donald Trump has disclosed tens of millions of dollars in income from cryptocurrencies, branded merchandise and luxury real estate, as per his latest financial filing since returning to the White House in January 2025. The report, submitted to the US Office of Government Ethics on June 13 and accessed by Reuters, offers the most detailed snapshot yet of the president’s personal business interests. And the earnings are staggering. At the top of the list: $57.35 million from World Liberty Financial, a Trump family crypto firm launched in 2024. The filing shows Trump owns over 15.75 billion governance tokens in the company. His three sons — Donald Jr., Eric, and Barron — are listed as co-founders on the firm’s website. The filing, though dated in June 2025, appears to reflect earnings through December 2024 — meaning Trump’s newer meme coin, the $TRUMP token (launched in January), isn’t even part of the declared income yet. From golf resorts to guitars: The Trump empire expands While the crypto headline drew most attention, Trump’s traditional business pillars remain robust. His Florida real estate holdings, including the Doral, Jupiter and West Palm Beach golf resorts, along with the Mar-a-Lago club generated a combined income of at least $217.7 million, as quoted by Reuters. Trump also reportedly earned $5 million in licensing fees from a property development venture in Vietnam. But it’s the former president’s name-brand merchandise empire that stood out for its eclecticism and profitability. The financial disclosure revealed Trump received royalties from a range of goods branded with his name and image, including: $3 million from his “Save America” coffee table book $2.8 million from Trump-branded watches $2.5 million from a line of Trump fragrances and sneakers $1.3 million from the Greenwood Bible, a special edition bearing Trump’s branding $1.05 million from a “45” signature guitar $1.15 million from NFT licensing and digital collectibles These earnings were listed in the 234-page disclosure, which includes over 140 pages of stock, bond, and investment listings, as confirmed by the New York Post. Crypto, lawsuits and a media stake Apart from assets, Trump also declared liabilities, including outstanding payments in the E. Jean Carroll defamation case, currently under appeal, and a balance of at least $15,000 on an American Express credit card. The filing reaffirms that Trump continues to hold a major stake in Trump Media & Technology Group, the parent company of Truth Social. His 53 per cent share is held in a revocable trust overseen by Donald Trump Jr., and is estimated to be worth billions on paper. Notably, as reported by The Wall Street Journal, Trump’s earnings from $TRUMP meme coin and other new crypto ventures were excluded from this filing, since the disclosure only covered 2024. A contrast with past presidents For comparison, President Joe Biden’s 2024 financial disclosure ran just 11 pages and listed mostly conventional retirement and banking income. Vice President Kamala Harris’ disclosure was similarly brief. Trump’s vast portfolio, spanning digital tokens, luxury clubs, NFTs, guitars, and religious books, places him in a financial category far removed from his predecessors. While critics continue to raise ethical concerns about potential conflicts between policy and profit, Trump has long rejected such criticism, claiming that business success only affirms his leadership credentials. (With inputs from the agencies)

<p>Donald Trump reported tens of millions in 2024 income from crypto, real estate, and branded merchandise in a sprawling financial disclosure.</p>

Trump files first financial disclosure after returning to office, details here

<p>A leading US-based expert on China has warned of a threat “worse than COVID” hitting the country after two Chinese nationals were arrested on charges of smuggling a toxic agricultural fungus into the US and has suggested a complete severing of ties with Beijing to avoid another humongous tragedy.<br>&nbsp;</p><p>America’s top expert on Chinese affairs, Gordon G Chang was referring to the arrest of Yunqing Jian, 33, and her boyfriend Zunyong Liu, 34, for allegedly smuggling a fungus called ‘Fusarium graminearum’ that causes the ‘head blight’ disease in wheat, barley, maize, and rice, into the US and can pose a threat to America’s food security and public safety.</p><p>&nbsp;</p><p>The US Justice Department said the fungal pathogen is classified in scientific literature as a “potential agroterrorism weapon” and causes losses worth billions of dollars every year. It causes vomiting, liver damage, and reproductive defects in humans and livestock.</p><p>&nbsp;</p><h2>‘This was an attack on the United States’</h2><p>&nbsp;</p><p>&nbsp;</p><p>“This was an attack on the United States. The only way to stop this is to sever relations with China,” Chang told Fox News and warned that the alleged plot points to a covert, prolonged campaign by China to destabilise the US from within.</p><p>Chang further warned that the plot is more than a stray biological smuggling case—it’s part of a broader “people’s war” strategy ingrained in Maoist doctrine to wear down and destabilise enemies politically, economically, and psychologically.</p><p>&nbsp;</p><p>“If we don’t defend ourselves with urgency and resolve, we’re going to get hit really hard. And not just with COVID, not just with fentanyl—but perhaps with something worse,” added Chang, who analyses activities of the Chinese Communist Party.</p><p>“Xi Jinping talks about going to war all the time, and he is mobilising all of Chinese society to go to war. So we can lose our country, even though we are the far stronger nation because we are not defending ourselves with the vigour and the determination that is necessary.”</p><p>&nbsp;</p><p>“In May 2019, the state media People’s Daily, the most authoritative publication in China, carried a landmark editorial that declared a people’s war on us. We are Americans, so we think we are entitled to ignore the propaganda of hostile regimes. But for a communist party, that phrase has great resonance. What they are doing with their strident anti-Americanism is creating a justification to strike our country,” Chang said.</p><p>&nbsp;</p><p>“We have got to put this into context. In 2020, Americans in all 50 states received unsolicited seeds from China. I think that was an attempt to plant invasive species into the US. And then this year, Timu, the online Chinese retailer, sent seeds to Americans unsolicited," added Chang, the author of ‘China Is Going to War’. Chang has lived and worked in China and Hong Kong for almost two decades.</p><p>&nbsp;</p><p>The origin of the SARS-CoV-2 virus, which caused the COVID-19 pandemic, remains highly controversial, as some experts allege that it was engineered in a Chinese laboratory.</p>

Gordon G Chang, an expert on Chinese affairs, warned that the plot is more than a stray biological smuggling case—it’s part of a broader “people’s war” strategy ingrained in Maoist doctrine to wear down and destabilise enemies politically, economically, and psychologically.

A leading US-based expert on China has warned of a threat “worse than COVID” hitting the country after two Chinese nationals were arrested on charges of smuggling a toxic agricultural fungus into the US and has suggested a complete severing of ties with Beijing to avoid another humongous tragedy. America’s top expert on Chinese affairs, Gordon G Chang was referring to the arrest of Yunqing Jian, 33, and her boyfriend Zunyong Liu, 34, for allegedly smuggling a fungus called ‘Fusarium graminearum’ that causes the ‘head blight’ disease in wheat, barley, maize, and rice, into the US and can pose a threat to America’s food security and public safety. The US Justice Department said the fungal pathogen is classified in scientific literature as a “potential agroterrorism weapon” and causes losses worth billions of dollars every year. It causes vomiting, liver damage, and reproductive defects in humans and livestock. ‘This was an attack on the United States’ “This was an attack on the United States. The only way to stop this is to sever relations with China,” Chang told Fox News and warned that the alleged plot points to a covert, prolonged campaign by China to destabilise the US from within. Chang further warned that the plot is more than a stray biological smuggling case—it’s part of a broader “people’s war” strategy ingrained in Maoist doctrine to wear down and destabilise enemies politically, economically, and psychologically. “If we don’t defend ourselves with urgency and resolve, we’re going to get hit really hard. And not just with COVID, not just with fentanyl—but perhaps with something worse,” added Chang, who analyses activities of the Chinese Communist Party. “Xi Jinping talks about going to war all the time, and he is mobilising all of Chinese society to go to war. So we can lose our country, even though we are the far stronger nation because we are not defending ourselves with the vigour and the determination that is necessary.” “In May 2019, the state media People’s Daily, the most authoritative publication in China, carried a landmark editorial that declared a people’s war on us. We are Americans, so we think we are entitled to ignore the propaganda of hostile regimes. But for a communist party, that phrase has great resonance. What they are doing with their strident anti-Americanism is creating a justification to strike our country,” Chang said. “We have got to put this into context. In 2020, Americans in all 50 states received unsolicited seeds from China. I think that was an attempt to plant invasive species into the US. And then this year, Timu, the online Chinese retailer, sent seeds to Americans unsolicited," added Chang, the author of ‘China Is Going to War’. Chang has lived and worked in China and Hong Kong for almost two decades. The origin of the SARS-CoV-2 virus, which caused the COVID-19 pandemic, remains highly controversial, as some experts allege that it was engineered in a Chinese laboratory.

<p>Gordon G Chang, an expert on Chinese affairs, warned that the plot is more than a stray biological smuggling case—it’s part of a broader “people’s war” strategy ingrained in Maoist doctrine to wear down and destabilise enemies politically, economically, and psychologically.</p>

‘Sever ties with China’: Top expert warns of ‘something worse than COVID’ hitting US

<p>The pace of job creation in the US is cooling, as shifting trade policies, rising business costs and a sharp drop in corporate profits weigh on labour market momentum, according to Bloomberg reports.</p><p>&nbsp;</p><p>Employers added an estimated 125,000 jobs in May, a decline from the average 162,000 payroll additions over the past three months, as per a Bloomberg median forecast. The unemployment rate is expected to hold at 4.2 per cent, reflecting a stable but softening labour environment.</p><p>&nbsp;</p><p>“Our preliminary forecast range for May nonfarm payrolls is 60,000–130,000, with the central tendency clustering around 90,000 – lower than the consensus of 130,000,” Bloomberg economists Anna Wong, Stuart Paul, Eliza Winger, Estelle Ou and Chris G. Collins wrote in a note.</p><p>&nbsp;</p><p>They added that the weakness is likely concentrated in the leisure and hospitality sector, due to reduced international tourism and government travel.</p><h2><strong>Corporate profits slump as businesses face tariff squeeze</strong></h2><p>According to the US Commerce Department, corporate profits fell by 118.1 billion dollars in the first quarter of 2025 – the steepest decline since the onset of the pandemic in 2020. As per Reuters, this profit contraction is being largely blamed on higher input costs, driven by President Donald Trump’s escalating trade tariffs.</p><p>&nbsp;</p><p>On 30 May, Trump announced plans to double steel and aluminium tariffs to 50 per cent from the existing 25 per cent, in a bid to pressure global producers and reduce the trade deficit. The move has sparked backlash from the European Commission, which called it a violation of fair trade and warned of countermeasures.</p><p>&nbsp;</p><p>“Employers seeking clarity around the White House’s trade policy have instead been greeted with frequent adjustments to timelines and import duty schedules,” Bloomberg noted, adding that this has left businesses hesitant to commit to fresh investments.</p><h2><strong>Labour data reveals rising unemployment claims</strong></h2><p>As businesses tighten costs amid profit pressures, signs of softening labour demand are becoming more visible. Initial jobless claims rose by 14,000 to 240,000 for the week ending 24 May, higher than expected, while continuing claims climbed to 1.92 million, the highest since November 2021, according to Reuters.</p><h2><strong>Fed likely to hold policy amid mixed signals</strong></h2><p>The Federal Reserve has kept rates steady at 4.25–4.50 per cent since December 2024, as officials await more consistent economic signals. Fed Chair Jerome Powell has emphasised that the central bank will take a “data-dependent approach,” noting risks on both inflation and employment fronts.</p><p>&nbsp;</p><p>“Federal Reserve officials are likely to take the labour market reports in stride as they too await clarity on how trade and tax policy will impact the economy and inflation,” Bloomberg reported.</p><p>&nbsp;</p><p>Investors will watch closely for comments this week from Fed Governors Lisa Cook, Adriana Kugler, and Christopher Waller, as well as the release of the Fed’s Beige Book on anecdotal economic conditions across districts.</p><h2><strong>Trade-driven GDP drag</strong></h2><p>The economic slowdown is further evidenced by revised GDP figures. As per the Commerce Department, US GDP contracted by 0.2 per cent in the first quarter, slightly better than the earlier -0.3 per cent estimate.&nbsp;</p><p>&nbsp;</p><p>The contraction reflects a 42.6 per cent spike in imports, as companies rushed purchases ahead of expected tariffs. However, inventories and consumer spending failed to keep pace, leading to a net drag on growth.</p><p>&nbsp;</p><p>“Concerned that revenue will suffer, companies are growing more conscious about cost-saving efforts that risk culminating in slower labour demand,” Bloomberg observed.</p>

Compared to the average of 162,000 jobs created over the previous three months, employers added an estimated 125,000 jobs in May. 

The pace of job creation in the US is cooling, as shifting trade policies, rising business costs and a sharp drop in corporate profits weigh on labour market momentum, according to Bloomberg reports. Employers added an estimated 125,000 jobs in May, a decline from the average 162,000 payroll additions over the past three months, as per a Bloomberg median forecast. The unemployment rate is expected to hold at 4.2 per cent, reflecting a stable but softening labour environment. “Our preliminary forecast range for May nonfarm payrolls is 60,000–130,000, with the central tendency clustering around 90,000 – lower than the consensus of 130,000,” Bloomberg economists Anna Wong, Stuart Paul, Eliza Winger, Estelle Ou and Chris G. Collins wrote in a note. They added that the weakness is likely concentrated in the leisure and hospitality sector, due to reduced international tourism and government travel. Corporate profits slump as businesses face tariff squeeze According to the US Commerce Department, corporate profits fell by 118.1 billion dollars in the first quarter of 2025 – the steepest decline since the onset of the pandemic in 2020. As per Reuters, this profit contraction is being largely blamed on higher input costs, driven by President Donald Trump’s escalating trade tariffs. On 30 May, Trump announced plans to double steel and aluminium tariffs to 50 per cent from the existing 25 per cent, in a bid to pressure global producers and reduce the trade deficit. The move has sparked backlash from the European Commission, which called it a violation of fair trade and warned of countermeasures. “Employers seeking clarity around the White House’s trade policy have instead been greeted with frequent adjustments to timelines and import duty schedules,” Bloomberg noted, adding that this has left businesses hesitant to commit to fresh investments. Labour data reveals rising unemployment claims As businesses tighten costs amid profit pressures, signs of softening labour demand are becoming more visible. Initial jobless claims rose by 14,000 to 240,000 for the week ending 24 May, higher than expected, while continuing claims climbed to 1.92 million, the highest since November 2021, according to Reuters. Fed likely to hold policy amid mixed signals The Federal Reserve has kept rates steady at 4.25–4.50 per cent since December 2024, as officials await more consistent economic signals. Fed Chair Jerome Powell has emphasised that the central bank will take a “data-dependent approach,” noting risks on both inflation and employment fronts. “Federal Reserve officials are likely to take the labour market reports in stride as they too await clarity on how trade and tax policy will impact the economy and inflation,” Bloomberg reported. Investors will watch closely for comments this week from Fed Governors Lisa Cook, Adriana Kugler, and Christopher Waller, as well as the release of the Fed’s Beige Book on anecdotal economic conditions across districts. Trade-driven GDP drag The economic slowdown is further evidenced by revised GDP figures. As per the Commerce Department, US GDP contracted by 0.2 per cent in the first quarter, slightly better than the earlier -0.3 per cent estimate. The contraction reflects a 42.6 per cent spike in imports, as companies rushed purchases ahead of expected tariffs. However, inventories and consumer spending failed to keep pace, leading to a net drag on growth. “Concerned that revenue will suffer, companies are growing more conscious about cost-saving efforts that risk culminating in slower labour demand,” Bloomberg observed.

<p>A decline in corporate profits, increased business expenses, and changing trade policy are all contributing to the cooling of the US labor market.&nbsp;</p>

US job growth slows amid profit slump and Trump tariff uncertainty

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US job growth slows amid profit slump and Trump tariff uncertainty