The Dictatorship
Trump launched global tariff wars in 2025. Here’s a recap of his trade actions this year
It’s been a rollercoaster of a year for U.S. trade policy.
President Donald Trump launched a barrage of new tariffs in 2025, plunging the U.S. into trade wars with nearly every country in the world. Volley after volley of threats and steeper import taxes often arrived erratically — with Trump claiming that such levies needed to be immediately imposed to close trade imbalances and take back wealth that was “stolen” from the U.S.
But the president also turned to tariffs amid personal grudgesor in response to political critics. And the whiplash of on-again, off-again duties — and responding retaliation — fueled widespread uncertainty for businesses and consumers alike, all while households continue to face rising prices.
Here’s a summary of how Trump’s biggest trade actions unfolded over the last year, broken down by key months.
January-March
In his first few months back in officeTrump focuses his new tariffs on America’s three biggest trading partners: Canada, Mexico and China. On-again, off-again levies and responding retaliation begin to bubble up.
Worldwide, the U.S. also heightens import taxes on steel and aluminum to 25% — expanding Trump’s previously-imposed 2018 import taxes.
April
Trump’s trade wars escalate to new heights in April. The president unveils sweeping “Liberation Day” tariffs on almost every country in the world — sending the stock market tumbling. And more turbulence follows after he tells investors that it’s a “great time to buy” mere hours before postponing dozens of steeper import taxes.
China is the exception. Washington and Beijing trade more and more sky high, tit-for-tat levies — reaching 145% and 125%respectively.
Separately, Trump’s 25% auto tariffs beginplunging the industry into uncertainty and bringing more retaliation from trading partners like Canada.
May-July
The Trump administration spends much of the summer boasting about trade “framework” deals with countries like China, the U.K. and Vietnam. But his administration sends letters to dozens of other nations promising that heightened levies are on the way — and notably escalates trade wars with Brazil and India.
Otherwise, Trump continues to expand sector-specific tariffs, hiking steel and aluminum taxes to a punishing 50%.
Meanwhile, a key legal challenge over Trump’s tariffs gains traction. A federal court blocks Trump from imposing some of his most sweeping levies under an emergency-powers law — but an appeals court temporarily halts the order, allowing tariff collections to continue as the case wends through court.
August
Heightened U.S. tariffs on more than 60 countries and the European Union kick in. After several delays, most of these rates span from April’s “Liberation Day” — but separately, Trump hikes import taxes on Canada to 35%.
Punishing 50% levies on goods from Brazil and India also take effect, along with a new 50% rate on most imported copper worldwide. And low-value imports coming into the U.S. lose their duty-free status with the end of the “de minimis” rule.
Separately, the U.S. extends its trade truce with China. And a U.S. appeals court rules that Trump went too far when he declared national emergencies to justify his tariffs — but doesn’t strike them down entirely, allowing the administration to take its case to the Supreme Court.
September-December
The Trump administration officially takes its tariff fight to the Supreme Court. In initial oral arguments, the justices appear skeptical about the president’s authority to impose such sweeping levies.
Meanwhile, Trump continues to promise more sectoral tariffs — and 25% levies on kitchen cabinets and other furniture take effect. But other threats get delayed. Amid rising price pressures, the president also lowers or scraps a few previous tariffs, notably for goods like beef and fruit. He also suggests that Americans will receive a $2,000 dividend from new tariff revenue — but details remain very scarce.
The Dictatorship
Trump threatens to fire Powell if the Fed Chair remains with central bank after his term ends
WASHINGTON (AP) — Federal prosecutors made an unannounced visit this week to a construction site at Federal Reserve headquarters that is the focus of an investigation into a $2.5 billion renovation projectaccording to two people familiar with the visit.
Two prosecutors and an investigator from U.S. Attorney Jeanine Pirro’s office were turned away on Tuesday by a building contractor and referred to Fed attorneys, one of the people said. The two people familiar with the visit spoke on condition of anonymity because they weren’t authorized to publicly discuss an ongoing investigation.
The visit underscores that the Trump administration is not backing down from its investigation of the Fed and its chair, Jerome Powell, even though the probe has delayed the confirmation of a new chair nominated by President Donald Trump. The investigation is focused on cost overruns and brief testimony about the project last summer by Powell. Trump confirmed in an interview that aired Wednesday on Fox Business that he wants to continue the probe.
Last month, during a closed-door hearing before a federal judge, a top deputy from Pirro’s office conceded that they hadn’t found any evidence of a crime in their investigation of the headquarters project.
Robert Hur, an attorney for the Federal Reserve board of governors, sent an email to Pirro’s prosecutors about their visit and their request for a “tour” to “check on progress” at the construction site. Hur’s email, which The Associated Press has viewed, noted that U.S. District Judge James Boasberg concluded that their interest in the Federal Reserve’s renovation project was “pretextual.”
AP AUDIO: Prosecutors sought access to Federal Reserve building as Trump threatens to fire Powell
AP Washington correspondent Sagar Meghani reports on more drama surrounding a federal probe of a massive construction project at the Federal Reserve’s headquarters.
“Should you wish to challenge that finding, the courts provide an avenue for you; it is not appropriate for you to try to circumvent it,” Hur wrote.
Republican Tillis is key vote
Sen. Thom Tillis, a North Carolina Republican who is a key member of the Senate Banking Committee, has vowed to vote against Kevin WarshTrump’s nominee to replace Powell as Fed chair, until the investigation is dropped. With the committee closely divided on partisan lines, Tillis’ opposition is enough to block Warsh from receiving the committee’s approval.
Tillis on Wednesday criticized the investigation as “bogus, ill-timed, ill-informed” and repeated that seven Republican members of the banking panel have said they do not believe Powell committed a crime when he testified last June.
Tillis also said there aren’t enough votes on the committee or in the broader Senate to do an end-run around the committee and get Warsh confirmed some other way.
“There really is no path,” he told reporters, adding that Pirro and her aides were “asleep at the switch” because the investigation has essentially delayed Powell’s departure from the Fed, despite Trump’s obsessive criticism of the Fed chair. Powell has now said he won’t leave until the investigation is resolved.
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Tillis suggested Pirro blindsided the White House with her investigation. “They should have consulted with the White House, because I’m sure if they would have, (the White House) would have said, ‘no, we can wait,’” until Powell steps down.
But Kevin Hassett, the Trump administration’s top economist, said Wednesday that the Justice Department got involved because “the president wanted to investigate the cost overrun,” Axios reported.
The Banking panel said Tuesday that it will hold a hearing on Warsh’s nomination April 21. Powell’s term as Fed chair ends May 15, but Powell said last month he would remain as chair until a replacement is named.
Powell is serving a separate term as a member of the Fed’s governing board that lasts until January 2028. Chairs typically leave the board when their terms as chair end, but they can remain on the board if they choose. Powell has said he won’t leave until the investigation is resolved. If he remains it would deny Trump the opportunity to appoint someone else to the seven-member board.
Late Tuesday Tillis posted a link on social media to The Wall Street Journal’s article on the visit below an image of the Three Stooges and wrote, “The U.S. Attorney’s Office for D.C. at the crime scene.”
Investigation centers on building renovations
The investigation centers on an appearance by Powell before the Banking Committee last June, when he was asked about cost overruns on the renovations. The most recent estimates from the Fed suggest the current estimated cost of $2.5 billion is about $600 million higher than a 2022 estimate of $1.9 billion.
“It is probably corrupt, but what it really is, is incompetent,” Trump said. “Don’t you think we have to find out what happened there?”
The president’s support for the investigation threatens a timeframe set out by Sen. Tim Scott, a South Carolina Republican who chairs the Banking Committee. Scott said Tuesday on Fox Business that he believed the investigation would be “wrapped up in the next few weeks,” allowing Warsh to be confirmed soon after.
Threat to fire Powell
News of the unannounced visit by prosecutors comes as Trump has again threatened to fire Powell, if the Federal Reserve Chair decides to stay on the central bank’s governing board after his term as chair expires next month.
“Well then I’ll have to fire him, OK?” Trump said.
Trump has for months wanted to remove Powell, saying he has been too slow in orchestrating interest rate cuts that would give the U.S. economy a quick boost. Powell has said the investigation is a pretext to undermine the Fed’s independence to set rates.
Sen. Josh Hawley, a Missouri Republican, said Trump can only fire Powell “for cause,” meaning some kind of misconduct, “so that’s a pretty tall order.”
Supreme Court weighing another Trump removal
Trump’s threat to fire Powell comes as the Supreme Court is weighing the president’s effort to remove another central bank governor, Lisa Cook. Lower courts have so far allowed Cook to remain in her job while her legal challenge to the firing continues. The Supreme Court also seemed likely to keep her on the Fed when the court heard arguments in January. A decision could come any time.
The issue in Cook’s case is whether allegations of mortgage fraud, which she has denied, is a sufficient reason to fire her or a mere pretext masking Trump’s desire to exert more control over U.S. interest rate policy.
The Supreme Court has allowed the firings of the heads of other governmental agencies at the president’s discretion, with no claim that they did anything wrong, while also signaling that it is approaching the independence of the nation’s central bank more cautiouslycalling the Fed “a uniquely structured, quasi-private entity.”
___
AP Writers Seung Min Kim, Mark Sherman, Paul Wiseman, Alanna Durkin Richer, and video journalist Nathan Ellgren contributed to this report.
The Dictatorship
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The Dictatorship
It’s Tulsi Gabbard’s turn to target Trump’s enemies
President Donald Trump was impeached in December 2019, charged by the House of Representatives with abusing his office to gain leverage over Joe Biden in the upcoming presidential election. This week, Director of National Intelligence Tulsi Gabbard rebooted that scandal with the release of a handful of newly declassified documents that question the beginning of the impeachment investigation — in hopes of discrediting everything that followed.
MS NOW confirmed Wednesday that Gabbard’s office has sent criminal referrals to the Justice Department for the whistleblower whose concern over a phone call between Trump and Ukrainian president Volodymyr Zelenskyy launched the impeachment inquiry and the former inspector general who fielded their complaint. The referrals were first reported by Fox News.
Gabbard’s new disclosures mirror a well-worn playbook used by Trump’s loyalists to investigate his investigators. But in every instance, including this latest endeavor, the evidence gathered of wrongdoing on Trump’s part has far outweighed proof of misconduct from his investigators.
In every instance, the evidence gathered of wrongdoing on Trump’s part has far outweighed proof of misconduct from his investigators.
In Gabbard’s telling, as she posted on Xthe process was an inherently corrupt conspiracy where “deep state actors within the Intelligence Community concocted a false narrative that Congress used to usurp the will of the American people.” Michael Atkinson, former inspector general for the Intelligence Community, is painted in a press release accompanying the new materials as a rogue actor who spun a secondhand tale into an attempted coup.
Newly-declassified records expose how deep state actors within the Intelligence Community concocted a false narrative that Congress used to usurp the will of the American people and impeach duly-elected President @realDonaldTrump in 2019.
Today, we reveal the truth 👇… pic.twitter.com/oLXW5nqi2n
— DNI Tulsi Gabbard (@DNIGabbard) April 13, 2026
The materials posted Monday do provide an interesting window into the chain of events eventually leading to Trump’s first impeachment. Among them are official records from the preliminary 14-day investigation Atkinson undertook to determine that the whistleblower’s initial complaint was of “urgent concern” and needed to be reported to Congress. Also included are transcripts from Atkinson’s two closed-door interviews with the House Permanent Select Committee on Intelligence, one before the White House released the transcript of the Zelenskyy call and one after the impeachment inquiry was underway.
But despite Gabbard’s breathless claims of a “coordinated effort … to manufacture a conspiracy,” nothing among the materials contradicts anything uncovered later. If anything, the initial interviews with the whistleblower, conducted in late August 2019, line up neatly with the fuller story that would be revealed over the coming weeks in the press and during the House’s impeachment inquiry. Both the whistleblower and a corroborating witness were extremely forthcoming about exactly what they did and did not know about the call, and why they were deeply concerned by Trump’s repeating conspiracy theories and pressing Zelenskyy to resume an investigation into Biden.

Gabbard’s cries of “politicization” from Atkinson are likewise overblown. Her claim is based on a section in the IG’s interview process where subjects were asked if they have anything in their background that might reveal any biases that could be used against them. The responses given suggest a certain hesitation to speak out for fear their words would be spun into right-wing attacks but was overridden by the necessity to speak out. Atkinson transparently mentioned in a letter to then-acting DNI Joseph Maguire that there was an “indicia of an arguable political bias” from the complainant, but that it didn’t alter his determination that their information was credible.
Maguire initially prevented Atkinson from providing the complaint to Congress, claiming that the Justice Department ruled it was outside of the IG’s remit. Atkinson disagreed and told lawmakers an “urgent concern” existed, as he believed the law required him, but did not provide the whistleblower’s complaint. Instead, it was only after media reports of the investigation and the White House’s subsequent release of the so-called perfect call with Zelenskyy that Atkinson was able to speak to Congress about the complaint directly.
All of this, in Gabbard’s telling, amounted to a “weaponization” of the process.
Several things stand out at this point. First is how ill-equipped Gabbard is to be leading America’s intelligence community. Her emphasis on how the first people to come forward about Trump’s scheme didn’t have firsthand knowledge of the call would be laughable if it weren’t so inept. It is literally the job of the intelligence community to consume partial information as it is received and work that raw data into a complete analysis. What Gabbard is essentially saying is that someone who only saw a single piece of the puzzle, at first, cannot be trusted to put together a picture in their head once more pieces have come together.
It is literally the job of the intelligence community to consume partial information as it is received and work that raw data into a complete analysis.
Second is how blatantly she has copied the failed formula of the GOP’s efforts to discredit the Russia investigation during Trump’s first term. For years now, through numerous investigations from the House and an independent counsel alike, Republicans have tried to claim wrongdoing from the FBI and other supposed “deep state” figures when first investigating hints of Russian interference in the 2016 election. But John Durham’s four-year-long probe came up empty, and despite Trump’s demands for revenge, there have been no criminal charges filed against anyone involved in the case.
Finally, it’s worth remembering Gabbard’s position when she was serving as a U.S. representative from Hawaii during Trump’s first impeachment. By the time the House voted on the articles of impeachment, she was already running a longshot bid for president. Accordingly, she was attempting to position herself as not beholden to the left wing, but still a viable candidate to be the Democratic nominee.
Gabbard was the only Democrat in the House to vote “present” on the articles. But she made clear in a statement afterward that she believed “President Trump is guilty of wrongdoing.” Her vote, or nonvote rather, was cast because, in her view, “removal of a sitting President must not be the culmination of a partisan process, fueled by tribal animosities that have so gravely divided our country.” The centrism by way of cowardice branding that brought her to prominence has fully given way — she now simply yields to the rightward pressures she finds herself under as part of Trump’s cabinet.
In his first interview with the House Permanent Select Committee on IntelligenceAtkinson described himself as a first responder, one who may not have had the full picture, but who had heard a fire alarm ringing and chose to act. “I don’t know whether it is just smoke, don’t know whether it is a small fire,” he told lawmakers as he refused to reveal what he’d learned from his preliminary findings. “All I know is that there was a time when … another first responder was not getting information about an alleged fire.”
Atkinson did what he thought was right and in accordance with the law by telling Congress that a complaint existed. The whistleblower did the same, despite the potential reprisals they’d face from a vengeful White House. Gabbard is now targeting them specifically for doing so, even as it is her job to be the early warning system against the nation’s greatest threats. It’s disturbing then to think what alarm bells she would prefer to silence, what risks she would take with America’s safety, rather than risk upsetting Trump.
Hayes Brown is a writer and editor for MS NOW. He focuses on politics and policymaking at the federal level, including Congress and the White House.
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