economic policy – One America News Network

TO GO WITH China-Japan-technology-commodities FOCUS by D'Arcy Doran In a picture taken on September 5, 2010 a man driving a front loader shifts soil containing rare earth minerals to be loaded at a port in Lianyungang, east China's Jiangsu province, for export to Japan. China's restrictions on exports of rare earths are aimed at maximising profit, strengthening its homegrown high-tech companies and forcing other nations to help sustain global supply, experts say. China last year produced 97 percent of the global supply of rare earths -- a group of 17 elements used in high-tech products ranging from flat-screen televisions to iPods to hybrid cars -- but is home to just a third of reserves. CHINA OUT AFP PHOTO (Photo credit should read STR/AFP via Getty Images)

China restricts rare earth exports as Trump vows strong response, reigniting trade tensions

President Donald Trump suggested that he may cancel his upcoming meeting with Chinese President Xi Jinping, after Xi sent what Trump described as “hostile” letters indicating China’s plans to restrict exports of rare earth minerals.

LOS ANGELES, CA - NOVEMBER 16: The Hollywood Sign is seen on November 16, 2005 in Los Angeles, California. The historic landmark is undergoing a month-long makeover; erected in 1923 as a giant ad for a housing development and originally read "Hollywoodland", the sign with letters that are 45 feet tall and 36 feet wide was declared a Los Angeles Cultural Historical Monument in 1973. (Photo by David McNew/Getty Images)

Trump announces 100% tariff on all movies ‘made outside of the United States’

President Donald Trump announced that all foreign-made movies will face a 100% tariff, arguing that the industry has been “stolen from the United States.”

Former Iowa state legislator Joe Mitchell, a Republican candidate for the U.S. House in Iowa's 2nd District

Fmr Trump official Joe Mitchell running for Iowa’s 2nd district

Iowa state lawmaker Joe Mitchell has announced he’s running for Congress in the state’s 2nd congressional district.

Trump appoints Stephen Miran to serve on Fed. Reserve Board following Kugler resignation

President Donald Trump has appointed economist Stephen Miran to serve on the Federal Reserve Board of Governors.

WASHINGTON, DC - AUGUST 05: Joseph Lavorgna, Chief Economist of the National Economic Council (NEC), speaks to reporters outside of the West Wing of the White House on August 5, 2020 in Washington, DC. (Photo by Drew Angerer/Getty Images)

One Big Beautiful Bill helps to increase investment by businesses on equipment and CapEx

Equipment and capital expenditures (CapEx) surged 11% in the second quarter of this year following a 23% spike in quarter one.

(Background) U.S. Treasury Secretary Scott Bessent speaks to reporters outside the West Wing of the White House on April 09, 2025 in Washington, DC. President Trump announced today a 90-day pause on the full effect of his new tariffs for dozens of countries except China, which he raised to 125% “effective immediately”. (Photo by Anna Moneymaker/Getty Images) / (R) WASHINGTON, DC - JULY 22: Federal Reserve Chairman Jerome Powell delivers opening remarks at the Integrated Review of the Capital Framework for Large Banks Conference at the Federal Reserve on July 22, 2025 in Washington, DC. Rep. Anna Paulina Luna (R-FL) is referring Powell to the Department of Justice (DOJ) for criminal charges, accusing him of two specific instances of perjury. The accusations come as Trump allies continue to call for Powell’s removal before his term expires in 2026. (Photo by Andrew Harnik/Getty Images)

Bessent reiterates Trump doesn’t plan to fire Fed. Chair Powell: ‘He’s said that on numerous occasions’

Treasury Secretary Scott Bessent recently maintained that President Donald Trump has no intention of firing Federal Reserve Chair Jerome Powell—in light of previous statements made by Trump where he suggested that he wishes the fed chair would resign.