ECONOMY – Page 2 – One America News Network

WASHINGTON, DC - APRIL 02: U.S. President Donald Trump speaks during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. Touting the event as “Liberation Day”, Trump announced additional tariffs targeting goods imported to the U.S. (Photo by Chip Somodevilla/Getty Images)

Trump warns foreign leaders of ‘reciprocal’ tariffs if no trade deal made by August 1

President Donald Trump announced that the United States will begin imposing blanket reciprocal tariffs on imports from numerous countries who have “significant trade deficits” with the United States, unless they choose to produce within the U.S.

WASHINGTON, DC - JULY 10: Rep. Alexandria Ocasio-Cortez (D-NY) wipes a tear during a House Oversight and Reform subcommittee on Civil Rights and Civil Liberties hearing discussing migrant detention centers' treatment of children on Capitol Hill on July 10, 2019 in Washington, DC. Yazmin Juarez, whose 19-month-old daughter Mariee died after detention by ICE testified. (Photo by Zach Gibson/Getty Images)

AOC mourns passage of the Big Beautiful Bill: ‘one of the saddest days in modern American history’

Democrats have begun expressing outrage over the passing of President Donald Trump’s “Big, Beautiful Bill,” after every single Democrat voted against its passage.

WASHINGTON, DC - JUNE 28: The U.S. Capitol on June 28, 2025 in Washington, DC. Senate Republicans overnight released a new version of the "One, Big, Beautiful Bill," as they approach U.S. President Donald Trump's July 4 deadline. (Photo by Al Drago/Getty Images)

Senate votes to advance Trump’s ‘Big, Beautiful Bill’ by narrow majority

President Donald Trump’s “big, beautiful bill” passed a key Senate vote on Saturday to advance deliberations before finalizing amendments and sending it back to the House.

STRAIT OF HORMUZ - NOVEMBER 19: In this handout photo provided by the US Navy, The aircraft carrier USS Abraham Lincoln (CVN 72), left, the Royal Navy air defense destroyer HMS Defender (D 36) and the guided-missile destroyer USS Farragut (DDG 99) transit the Strait of Hormuz on November 19, 2019. The Abraham Lincoln Carrier Strike Group is deployed to the U.S. 5th Fleet area of operations in support of naval operations to ensure maritime stability and security in the Central Region, connecting the Mediterranean and the Pacific through the western Indian Ocean and three strategic choke points. With Abraham Lincoln as the flagship, deployed strike group assets include staffs, ships and aircraft of Carrier Strike Group (CSG) 12, Destroyer Squadron (DESRON) 2, the guided-missile cruiser USS Leyte Gulf (CG 55) and Carrier Air Wing (CVW) 7. (Photo by Zachary Pearson- U.S. Navy via Getty Images)

Iran Parliament backs measure to close off the Strait of Hormuz

Iran’s parliament backed a measure on Sunday to close the Strait of Hormuz, a key maritime passage that accounted for 20 percent of global petroleum liquid consumption in 2024.This comes after the United States carried out targeted attacks on key nuclear facilities Fordow, Natanz and Isfahan to decimate Iran’s nuclear capabilities.