President Trump said Saturday the U.S. will treat value added tax (VAT) systems the same as tariffs, for purposes of helping to calculate the reciprocal levies on other countries he ordered earlier this week.
Why it matters: At least 175 countries globally have a VAT, per the Organisation for Economic Co-operation and Development (OECD), meaning it could impact the math on any reciprocal tariff for most nations around the world.
Only 13 U.S. states send more money to federal government coffers than they receive, a recent analysis found.
Why it matters: The Trump administration's push for states to be more financially independent brushes up against the reality that many depend on federal money for everything from disaster relief to food aid.
Despite decades of desegregation efforts, Black parents in the U.S. still face challenges in choosing where to send their kids. They often find their choices lack racial diversity or funding.
Why it matters: Schools with students and teachers from diverse backgroundsbest prepare students for thediverse world, experts said, but schools have become increasingly more segregated since the '90s.
Sales of pickup trucks and SUVs might have peaked in the United States — not because Americans don't want them, but because many people can no longer afford them.
Why it matters: Affordability is a growing concern, not just for car buyers, but also for stressed-out automakers facing heightened economic uncertainty and potential supply chain disruptions since President Trump took office.
