The Trump administration froze $2.2 billion in grants to Harvard University on Monday after the elite university announced it would not comply with demands for reforms to stop antisemitism and other forms of discrimination. As Breitbart News reported: Harvard University revealed that it will not comply with the Trump administration’s list of demands for the university to make changes to its policies regarding hiring, governance, student admissions, and antisemitism. In response, the Trump administration has suspended some $2.2 billion of nearly $9 billion in federal grants at risk. Nvidia has announced plans to build AI supercomputers in Texas and invest up to $500 billion in AI production within the United States. Barron’s reports that AI powerhouse Nvidia has commissioned over a million square feet of manufacturing space in Arizona and Texas to build and test its Blackwell chips and AI supercomputers. This marks the first time that Nvidia will be producing its cutting-edge AI technology entirely within the United States. The tariff doomsday machine is roaring again. This time, it’s over talk of a 50% tariff on certain imports. Predictably, the panic-peddlers are out in force, warning that such a tariff means retail prices will skyrocket 50%. It’s an easy line to chant, but it’s wrong — flat wrong — and anyone with a basic grasp of economics should know better. Let’s make one thing clear: a tariff applies to the transaction value, not the final retail price. The transaction value is what the importer pays the exporter, plus freight and insurance. That cost is just the first step in a long supply chain. By the time a product reaches the consumer, it’s been marked up to cover domestic shipping, warehousing, employee wages, utilities, sales tax, and profit margins for every hand it passes through. The tariff is just one input among many. Take a simple example. A retailer imports a widget with a $100 transaction value. Add a 50% tariff, and the cost to the importer becomes $150. That importer then sells it wholesale — perhaps at $200 — to a retailer, who marks it up again to $300 for sale. That $50 tariff is now 16.7% of the retail price. Even if every penny of the tariff is passed along, you’re not looking at a 50% increase in retail price — you’re looking at something closer to 17%. But here’s the kicker: tariffs are not always fully passed on to the consumer. Importers and retailers know they can’t raise prices beyond what the market will bear. Sometimes they absorb part of the cost, cut expenses, renegotiate contracts, or shift to different suppliers. The market reacts; it doesn’t just lie down and take it. The National Bureau of Economic Research analyzed the 2018–2019 U.S. tariffs on Chinese goods. They found that for every 10% tariff, retail prices rose 1–2%. So even a 50% tariff, if applied, might cause retail prices to edge up 5–10% — not 50%. That’s a far cry from the alarmist headlines. https://www.zerohedge.com/political/no-50-tariff-doesnt-mean-50-price-hike The Trump administration is turning up the heat on Harvard University. According to a report from CNN, the Trump administration has ordered the Internal Revenue Service to draw up plans to rescind Harvard’s tax-exempt status. The move could potentially cost Harvard billions of dollars a year, threatening its status as one of the world’s leading academic institutions. New damning details have emerged regarding an alleged MS-13 gangster from El Salvador that the corporate media affectionately calls a “Maryland man.” As TGP readers know, the Trump administration recently sent Kilmer Abrego Garcia, who illegally entered America in 2011, back to his home country. The administration cited two court rulings that found that he was an MS-13 gang member. This made him a designated foreign terrorist and an El Salvadorian citizen who was in the United States illegally. The Supreme Court has ordered the Trump administration to ‘facilitate‘ Abrego Garcia’s return. This ruling came after an Obama judge demanded the administration not just “facilitate” but also “effectuate” the man’s return. TGP’s Jordan Conradson has also revealed that Abrego Garcia had TWO protective orders for domestic violence filed against him by his wife, Jennifer Vasquez. One of these was in 2020, and the other in 2021. Court documents showed he repeatedly scratched and beat his helpless wife on multiple occasions, yet the media remains silent. He was arrested with two other members of MS-13 named Christhyan Hernandez-Romero and Jose Guillermo Dominguez. A fourth individual was unnamed in the interview sheet. When Abrego Garcia was arrested, he was wearing MS-13’s uniform.
America ‘Divests’ from Harvard: Trump Admin Freezes $2.2 Billion in Grants:
America Winning: Nvidia to Invest $500 Billion to Build AI Chips and Supercomputers in Texas:
No, A 50% Tariff Doesn't Mean A 50% Price-Hike:
Trump Orders IRS to Draw Up Plans to Rescind Harvard’s Tax-Exempt Status:
JUST IN: Attorney General Pam Bondi Releases Damning New Details Regarding Salvadorian Illegal Alien Kilmar Abrego Garcia: