The U.S. Constitution gives the power to impose taxes — including tariffs — to Congress. But lawmakers have gradually relinquished power over trade policy to the White House. And Trump has made the most of the power vacuum, raising the average U.S. tariff to more than 18%, highest since 1934, according to the Budget Lab at Yale University.

BABX offers 2x daily Alibaba exposure for tactical use, but value decay and low AUM make it risky for long-term holds. Find out why BABX ETF is a hold.

The U.S. and China had agreed to pause most of the sky-high tariffs on each others’ goods amid trade negotiations – but that pause is set to expire in August.

The eve of the MLB trade deadline got off to a shocking start with an explosive rumor that suggested the Minnesota Twins may trade Carlos Correa to the Houston Astros. Nearly every baseball insider confirmed that there was interest from the Astros and that there were some degree of talks between the two teams.