• Mon, January 27, 2025

by: WPLG

What are tariffs and how do they work?

Tariffs are typically charged as a percentage of the price a buyer pays a foreign seller. In the United States, tariffs are collected by Customs and Border Protection agents at 328 ports of entry across the country.

by: ktvq

Conversations begin on government use of AI at Montana Legislature

Worries about the malicious use of AI in government work have sparked the drafting of two bills at the Montana Legislature that aim to limit its use and promote transparency.

by: KLCC

Fear, confusion in Woodburn as Trump takes office

President Donald Trump is once again back in the White House. Since taking office, he's fulfilled his campaign promise to crack down on immigration, issuing executive orders that limit asylum and declaring an emergency at the southern border.

by: 7NEWS

Tesla owners boycott over Elon Musk's controversial salute and German far-right rally appearance

Tesla owners are boycotting the popular electric vehicle over founder Elon Musk's controversial salute at the inauguration of President Donald Trump, which many have said had a striking similarity to the Nazis.

by: Forbes

NIH Director Tries To Calm Health Researchers' Nerves After Trump Directives

A new memo by NIH Acting Director Matthew Memoli, obtained by Forbes, clarifies what can and can't be done with regard to clinical trials, purchasing, research and the like.

by: Reuters

German government, opposition clash over rival border policies

Germany's government and opposition parties duelled on Monday over rival border control policies, with opposition leader Friedrich Merz, favourite to become next chancellor, saying he would advance his plan with the help of the far right if needed.

by: STAT

Researchers reel as Trump administration moves quickly to cut funding and end DEI health programs

The rapidity with which the new administration is putting in place policies to end DEI programs is sowing fear among scientists

by: MSN

Australia has felt the force of Donald Trump. Will things get worse?

Leading political expert Bruce Wolpe warns that populism has opened the door to unabashed authoritarianism in Trump's return, and that Australia's democracy demands vigilance.

by: CNN

All federal grants and loan disbursement paused by White House

The White House budget office has ordered a pause on all federal grants and loans, according to an internal memorandum sent Monday.

by: MSN

ICE arrests 2,373 illegal immigrants across US in Trump's first week

by: MSN

Mike Johnson defends Trump's aggressive start, declaring 'everything is on the table'

House Speaker Mike Johnson defended President Donald Trump's slew of controversial executive orders and actions, saying "everything is on the table."

by: MSN

US News Live Today January 28, 2025: How many kids and wives does Pete Hegseth have? Here's all about US Secretary of Defense's family

Get real-time breaking news updates on the biggest event unfolding in the United States, including election, politics, economics, crime, viral and more.
  • Tue, January 28, 2025

by: AOL

Greens announce support for Scottish Government budget

The announcement earlier this month from Scottish Labour leader Anas Sarwar that his MSPs would abstain on the budget all but assured the plans - announced in December - would pass, but the announcement from the Greens has added certainty to the Government's position.

by: Fortune

Bill Gates accuses Elon Musk of 'insane sh*t' and 'populist stirring' in foreign countries

Microsoft co-founder Bill Gates said Tesla CEO Elon Musk is "super smart" but may be guilty of "overreaching" when it comes to politics.

by: Forbes

Can Trump Cancel Government Funds Through Impoundment? What To Know As He Pauses All Federal Assistance.

President Donald Trump's administration issued a memo Monday ordering all federal assistance to be temporarily paused, as Trump and his allies have argued he can block government funds that Congress has already authorized, despite a federal law forbidding it.

by: cnbctv18

Maharashtra sets up panel to explore phasing out petrol and diesel vehicles in Mumbai

The panel, headed by retired IAS officer Sudhir Kumar Shrivastava, will study and submit a report with its recommendations within three months, as per the government resolution (GR) dated January 22.

by: KPBS

Trump memo to halt federal funds triggers confusion and constitutional questions

by: bnnbloomberg

Federal government planning tariff relief for Canadians, businesses; will depend on scope of Trump tariffs: sources

The federal government is planning a stimulus package to help businesses and Canadians if U.S. President Donald Trump imposes tariffs on Canadian goods, but the scale of the relief will depend on the scope of the tariffs,

by: WFAE

What to know about executive orders as Trump takes office

What are executive orders — and how do presidents use them? Here's what to know about them and the scope of their power.

by: Forbes

Forbes Daily: DeepSeek's 'Wake-Up Call' And Nvidia's Historic Plunge

Tuesday's Forbes Daily covers Chinese AI DeepSeek's impact on stock market, Boeing's earnings woes, Trump's military orders, Super Bowl ticket and party prices, and more.

by: ABC

Trump 2nd term live updates: Trump says Microsoft is in talks to buy TikTok

President Donald Trump has begun his second administration with a series of controversial moves and decisions.

by: Forbes

Federal Policies Set A New Tone For Business

UnitedMasters CEO on pivoting to tech, how federal return-to-office policy impacts the private sector, OpenAI's smooth Operator.

by: Reuters

Responding to Trump tariff threat, Taiwan says chip business is 'win-win'

Semiconductor business between Taiwan and the United States is a "win-win" model for both sides given the high level of complementarity, the government said on Tuesday in response to tariff threats from U.

by: MSN

Federal Government Workers React to Trump's RTO mandate

Donald Trump's executive order mandates federal employees return to the office for work, sparking frustration for some workers.

by: MSN

"Not politics, criminal...": Congress' Sandeep Dikshit amid row over Kejriwal's "poisoned water" remark

Days ahead of the assembly elections in Delhi, Congress leader Sandeep Dikshit on Tuesday jumped into the ongoing controversy over allegations of the Haryana government "poisoning" Yamuna water and said that this was not politics,

by: MSN

Trump's spending pause creates chaos in Colorado

The Trump administration halted federal grants and financial assistance programs Tuesday, sparking widespread confusion and throwing Colorado budgets into chaos. State of play: The extent of the impact is hard to underestimate,

by: MSN

What the Trump administration's surprise federal funding freeze means for Minnesota

Minnesota state officials were scrambling Tuesday to assess a potentially wide-ranging pause on federal grants and loans issued by the Trump administration. The funding freeze could affect the billions of dollars Minnesota gets each year from the federal government while agencies do an overview of whether taxpayer resources are being used to "advance Marxist equity,

by: MSN

Trump freezes federal aid to Americans, triggering fury

President Donald Trump ordered a freeze starting Tuesday on potentially trillions of dollars in federal funding to Americans, impacting everything from education grants to small businesses loans -- and sparking accusations that he is violating the constitution.

by: MSN

How the 'nicest' House member plans to help pass Trump's agenda

The president's domestic policy victories could hinge on whether the new chair of the Energy and Commerce Committee can rally members behind hard decisions about spending cuts to popular programs.

by: MSN

Italian Premier Giorgia Meloni says she is being investigated for repatriating Libyan warlord

Meloni said her justice and interior ministers and an under-secretary are also targeted in the investigation. View on euronews

by: MSN

Trump's federal grant pause is the fulfillment of a longtime campaign promise

Donald Trump promised to do everything he could to challenge a Nixon-era impoundment law. The OMB's grant freeze is likely just the first step.

by: MSN

The White House has temporarily frozen all federal grants and loans, affecting billions of dollars in payments

It called for all federal agencies to ensure that their grants and programs aligned with the new Trump administration's priorities.

by: MSN

Illinois quick hits: Chicago's sanctuary policies under scrutiny by Congress

Chicago's sanctuary policies under scrutiny by Congress The U.S. House Oversight and Government Reform Committee has launched an investigation into sanctuary jurisdictions and the impact of their policies on public safety and federal immigration enforcement.

by: MSN

List: The executive orders, actions, and proclamations Trump has made as president

by: MSN

Trump Can't Escape the Laws of Political Gravity

By and large, however, Newtonian physics and traditional biology still apply, and that is worth remembering as we watch the Trump administration's circus of transgression, vindictiveness, and sometimes mere folly.

by: MSN

Trump has issued a freeze on grants and loans. Here's what it means for your bottom line

Trump has issued a freeze on grants and loans. Here's what it means for your bottom line - 'Financial assistance for foreign aid, nongovernmental organizations, DEI, woke gender ideology, and the Green New Deal' will be paused,

by: MSN

Trump administration directs widespread pause of federal loans and grants

The Trump administration late Monday directed federal agencies to pause the disbursement of loans and grants while the government conducts a review to ensure spending aligns with President Trump's agenda.

by: MSN

US-Kenya STIP: William Ruto calls Donald Trump's Secretary of State over 3-year long trade agreement

William Ruto revealed the details of his call with the US Secretary of State Marco Rubio, key among them the US-Kenya Strategic Trade and Investment Partnership.

by: MSN

Palestinians leave southern Gaza to return to the north amid cease-fire between Israel and Hamas

The Islamist group Hamas confirmed Monday the entry of displaced Palestinians into northern Gaza and celebrated their return to the area, one of the hardest hit by the Israeli offensive, as a victory and a "declaration of the failure and defeat of the (Israeli) occupation and its displacement plans".

by: MSN

Letitia James Calls Out Trump's Funding Move: 'Reckless and Dangerous'

The New York attorney general commented after the White House budget office ordered a temporary pause on federal grants and loans.

by: MSN

AfriForum calls for investigation into deaths of SA soldiers in DRC

AfriForum has demanded an investigation into the rebel attack in DRC in which nine South African soldiers were killed.

by: MSN

Donald Trump Orders Freeze On All Federal Grants And Loans In Huge Power Grab

Democrats warned that Trump's latest order could harm programs used by millions of Americans, including early childhood programs, and food and rent assistance.

by: MSN

US broadcast networks' disproportionate coverage of Trump's and Biden's pardons revealed

Comedian Alex Stein has criticised US media networks ABC, CBS and NBC for their disproportionate broadcasting of Donald Trump's and Joe Biden's pardons.

by: MSN

Trump Asserts Federal Government Power Over California Water

President Donald Trump is asserting more federal government control over water management decisions in California and ordering US officials to override local authorities, casting the steps as necessary to boost the state's firefighting capabilities.

by: MSN

What President Trump's first week immigration orders mean in the short and long term

Some of Trump's actions have taken effect immediately. Others are facing legal challenges or will require additional funding.

by: MSN

AAP's Priyanka Kakkar alleges BJP of "dirty politics" over water quality

Aam Aadmi Party (AAP) spokesperson Priyanka Kakkar on Tuesday backed her party's national convenor, Arvind Kejriwal and accused the BJP of playing "dirty politics" over the quality of water supplied to Delhi from Haryana.

by: MSN

Trump says PM 'will do what's right' in taking back undocumented Indians from US

Bloomberg News reported that India and the US had identified around 18,000 Indians who are in the US illegally.

by: MSN

Trump Justice Department fires employees involved in criminal investigation against President

The action was the latest effort to turn the table on criminal investigations that for years shadowed Trump, resulting in separate indictments that never went to trial and were ultimately abandoned. V

What are tariffs and how do they work?

Tariffs are typically charged as a percentage of the price a buyer pays a foreign seller. In the United States, tariffs are collected by Customs and Border Protection agents at 328 ports of entry across the country.

The article from Local 10 News, published on January 27, 2025, explains tariffs as taxes imposed by a government on goods and services imported from other countries. Tariffs serve multiple purposes: they protect domestic industries by making imported goods more expensive, thereby encouraging consumers to buy local products; they generate revenue for the government; and they can be used as a tool in trade negotiations or to retaliate against trade practices deemed unfair by other nations. The article outlines how tariffs work by increasing the cost of imported items, which can lead to higher prices for consumers, potential trade wars, and shifts in economic dynamics. It also discusses the different types of tariffs, such as ad valorem (based on the value of goods), specific (a fixed fee per unit), and compound (a combination of both). Additionally, the piece touches on the broader economic implications, including impacts on inflation, employment, and international relations.

Read the Full WPLG Article at:
https://www.local10.com/news/politics/2025/01/27/what-are-tariffs-and-how-do-they-work/