Store brands become retail’s secret weapon against tariffs
“Private label is growing faster than mainstream retail and part of the reason is that consumers can save money by switching,” GlobalData managing director Neil Saunders told Axios. “This has…
CBO says Trump’s tariffs could cut U.S. deficit by $2.8 trillion over 10 years
A forecast from the nonpartisan Congressional Budget Office this week says Trump’s tariffs could shave $2.8 trillion off the federal debt over the next decade, if they remain in place….
US trade deficit narrowed significantly amid Trump’s tariff escalation
The U.S. trade deficit narrowed significantly in April as President Donald Trump sharply escalated tariffs before pausing a large swath of the levies, U.S. Commerce Department data on Thursday showed….
Tariffs prompt record plunge in US imports, cutting trade deficit
Goods brought into the US plunged by 20% in April, recording their largest ever monthly drop in the face of a wave of tariffs unleashed by US President Donald Trump….
After Trump’s Tariffs Crash Exports, Canada Posts a Record Trade Deficit
Driven in part by a steep drop in auto shipments to the United States after President Trump imposed steep tariffs, Canada posted a record trade deficit of 7.1 billion Canadian…
Why has a US court blocked Donald Trump’s tariffs – and can he get round it?
There are various legal routes for the president to pursue his cornerstone economic policy. These include section 122 of the Trade Act of 1974, section 232 of the Trade Expansion…
Donald Trump Gets Good News From Consumers Amid Tariff Pullbacks
After months of economic anxiety fueled by aggressive trade policies, Americans are starting to feel more optimistic. Consumer confidence rebounded sharply in May, following a string of five consecutive monthly…
Taiwan pledges to buy more American goods as a 32% tariff looms
Taiwan’s president on Tuesday pledged to buy more American goods, including natural gas and oil, as the self-governing island seeks closer ties with the U.S. while threatened with a 32%…
In U.S. Senate, Guardian Bikes CEO Touts Tariffs, Private Capital As Key To Reshoring Mission
As the Administration works to reshore production of automobiles, trucks, and airplanes, they should not forget about bicycles. The labor-intensive nature of bicycle manufacturing can rapidly create thousands of good…
Steve Moore Admits He Was ‘Wrong’ In Predicting Trump’s Tariffs Would Cause Inflation To Spike
Former Trump administration official Steve Moore admitted Tuesday that increased inflation from tariffs imposed by President Donald Trump “just isn’t showing up.” The Consumer Price Index rose 2.3% year-over-year in…