SUMMARY: President Trump signed an order imposing significant tariffs on imports from Mexico, Canada, and China, fulfilling a campaign commitment but risking inflation and economic disruption. The tariffs include a 10% duty on Chinese imports and a 25% duty on goods from Mexico and Canada. These measures may provoke retaliation from the affected countries and undermine U.S. economic relations, potentially leading to an average household loss of $1,170. Trump justifies the tariffs as a means to combat fentanyl trafficking and illegal immigration. Critics, including Democratic leaders, warn that these tariffs could exacerbate inflation, undermining Trump’s support among voters concerned about rising prices.

Read the full article

The post Trump imposes tariffs on Canada, Mexico and China appeared first on fox2now.com

SUMMARY: The definition of being “rich” varies, but GOBankingRates determined that to be in the top 1% of earners in the U.S., one must earn at least $794,129 annually, a 3.3% decrease from the previous year. Income thresholds vary by state; in Connecticut, the requirement is nearly $1.2 million, while in West Virginia, it’s about $435,300. States like Massachusetts, California, and New Jersey also have high thresholds. To be in the top 10%, you need a minimum income of $148,812. The average U.S. household income was $80,610 in 2023, while median household wealth was $176,500.

Read the full article

The post Are you in the top 1% of earners in Missouri? appeared first on www.ozarksfirst.com

SUMMARY: A medical transport jet crashed in a Philadelphia neighborhood on Friday evening, killing six people onboard, including a child and her mother. The Learjet 55, operated by Jet Rescue Air Ambulance, exploded in a fireball shortly after takeoff. The flight was returning the child, who had been treated for a life-threatening condition, to Mexico. The crash occurred less than three miles from Northeast Philadelphia Airport. Authorities confirmed fatalities and the National Transportation Safety Board is investigating. This incident follows a deadly air collision in Washington, D.C. just days earlier, marking Jet Rescue’s second fatal crash in 15 months.

Read the full article

The post A medical plane carrying a child patient and 5 others crashes in Philadelphia, setting homes ablaze appeared first on fox2now.com