Free trade agreements delivered negligible economic gains: All U.S. trade deals through 2017 increased exports by only 1.6%, while imports surged 3.4%. China and NAFTA caused massive U.S. job losses: Between 1999 and 2011, trade from China displaced 2.0 to 2.4 million jobs, while NAFTA led to a net loss of 1.02 million jobs from … Read More
General Motors has accumulated sales growth of 12% in the first quarter of the year and 9% in the second quarter of 2025, enjoying its best start to a year in its history. Some of the group’s subsidiaries, such as Buick (specializing in SUVs and crossovers), have grown 29% so far this year, while Chevrolet … Read More
There’s no doubt that TSMC has seen massive attention when it comes to setting up fabs in America, especially after the coming of the Trump administration. When the Taiwan giant announced investments of more than $100 billion into the U.S., it managed to get the government’s attention, and TSMC declared that they have made the … Read More
Did President Donald Trump outfox the world with his tariff plan? Maybe, according to Torsten Sløk, the chief economist at Apollo Global Management. On Saturday, Sløk published a blog post titled “Has Trump Outsmarted Everyone On Tariffs?” In it, he explains a possible scenario in which Trump keeps tariffs below his highest threatened rates just … Read More
Federal Reserve Bank of Chicago President Austan Goolsbee said on Monday that thus far the surge in tariffs has had a more modest impact on the economy relative to what was expected. “Somewhat surprisingly, thus far, the impact of tariffs has not been what people feared,” Goolsbee said in public comments before the Milwaukee Business … Read More
The European Union on Friday banned Chinese firms from government medical device purchases worth more than five million euros ($5.8 million) in retaliation for limits Beijing places on access to its own market. The latest salvo in trade tensions between the 27-nation bloc and China covers a wide range of healthcare supplies, from surgical masks … Read More
The study identifies three broad personas: value-first shoppers, buy-American advocates, and the indifferent middle consumer. Nearly 4 in 10 consumers surveyed (39%) identify as value-first shoppers. These consumers are focused on price. They’re trading down, cutting nonessentials, and swapping name brands for generics. For them, tariffs are a cost burden, and that’s the end of … Read More
The Canadian Steel Producers Association and United Steelworkers Union are panning Prime Minister Mark Carney’s response to U.S. President Donald Trump’s punishing tariffs. Their response came hours after Carney announced a tariff countermeasure plan Thursday that includes retaliation against Trump’s steel and aluminum tariffs a month from now — depending on how much progress the … Read More
U.S. Senator Mike Rounds (R-S.D.) today reintroduced the USA Beef Act, legislation to limit the use of the “Product of USA” label only to beef products that are born, raised and slaughtered in the United States. The legislation would also codify the U.S. Department of Agriculture’s (USDA) rule addressing the same issue. In March 2023, … Read More
The CBO projects that 2025 tariffs will reduce the U.S. budget deficit by $2.8 trillion over 10 years. Tariffs will save $500 billion in interest payments by lowering federal borrowing needs. Inflation will rise just 0.4 percentage points annually in 2025–2026, despite sweeping new tariffs. $81.4 billion in tariff revenue has already been collected this … Read More
