NYTIMES (Ana Swanson) - U.S. Trade Gap Ballooned in July
The trade deficit bounced back up last month as spending on data centers to feed the A.I. boom drove up imports.
The trade deficit bounced back up last month as spending on data centers to feed the A.I. boom drove up imports.
By Joseph Ford Cotto Trump’s tariffs exposed a vast transshipment racket, and his administration is now closing the loopholes that let foreign exporters evade them.
AI:President Trump's aggressive tariff policies are finally dismantling the massive transshipment rackets that allowed foreign entities to bypass duties and continue undermining American industry. For years, global actors utilized complex evasion schemes to dodge taxes and drain the domestic economy, but the administration is now moving decisively to close these loopholes and ensure foreign exporters pay their fair share. By exposing these systemic scams, Trump is securing the nation's economic sovereignty and ensuring that previous era trade practices can no longer facilitate the erosion of American manufacturing.Open
Aired On: 8/10/2026
President Trump announced more than $180 million in federal grants to rebuild America's shrinking pipeline of mining engineers and critical-mineral workers, a push his administration says is essential to breaking China's grip on the raw materials that power everything from missiles to electric cars. Trump made the announcement Friday at a State Department roundtable flanked […] The post Trump directs $180 million toward mining schools as U.S. enrollment craters appeared first on American Almanac .
President Trump announced more than $180 million in federal grants to rebuild America's shrinking pipeline of mining engineers and critical-mineral workers, a push his administration says is essential to breaking China's grip on the raw materials that power everything from missiles to electric cars. Trump made the announcement Friday at a State Department roundtable flanked by Secretary of State Marco Rubio, Interior Secretary Doug Burgum, and Commerce Secretary Howard Lutnick, along with educational leaders from universities including the Colorado School of Mines. The grants split into two main streams: a $100 million Department of Energy program aimed at expanding the mining and critical-mineral workforce, and more than $80 million in…Open
This is a major shift
What a failed Biden-era effort to save American glove makers teaches us about tariffs. The post How Not to Do Industrial Policy appeared first on The American Conservative .
Politics How Not to Do Industrial Policy What a failed Biden-era effort to save American glove makers teaches us about tariffs. Credit: Amanda Wayne via Shutterstock Earlier this month, Bloomberg published a brutal autopsy of industrial policy gone wrong. The article documented how, beginning in 2020, the U.S. government provided $850 million to six American companies to bolster domestic manufacturing of nitrile gloves, a critical component of the medical supply chain. Six years later, not one of those companies is making gloves. The company that received the most funding, Blue Star NBR out of Wytheville, Virginia,…Open
Imports of foreign goods hit a record high in the month, pushing the trade deficit to its highest level in over a year.
Imports rose and exports fell in the month, pushing the trade deficit to its highest level in over a year