Tariff Impacts on Overall Economy Muted in 2025 As Importers Footed the Bill
Despite raising tariffs to an 80-year high last year, the Trump administration’s International Emergency Economic Powers Act (IEEPA) duties had muted impacts on America’s overall economic standing. While they ballooned…
Two Senators Call for U.S. Tariff Probe Into Construction and Farm Equipment
Two U.S. senators, a Democrat and a Republican, urged the Commerce Department on Thursday to launch a national security investigation into the import of heavy construction and farm equipment made…
After ‘Sausage Making,’ European Lawmakers Approve U.S. Trade Deal
The European Parliament signed off on major provisions of the trade deal that the United States and the bloc struck last year at President Trump’s golf course in Turnberry, Scotland….
CNBC anchor shocked by US trade deficit drop from $136B to $29B — the lowest since 2009.
The U.S. has lived with a massive trade deficit for decades. But under President Donald Trump’s sweeping tariffs, that gap suddenly narrowed — and much faster than many expected. That…
Beer tax break for American brewers acts like a tariff on foreign-made beer
Support for a proposal to reduce the excise tax on American-made beer but not on foreign-made beer provides an interesting juxtaposition on the tariff debate. One of the main arguments…
Colombia Raises Steel Tariffs 35% to Shield Local Industry
Colombia raised steel import tariffs to 35% on products from China, Russia, Turkey and India to protect its domestic industry, which represents 10% of industrial GDP and supports 45,000 jobs…
USITC: “Reasonable indication that U.S. strawberry industry is injured by Mexican import”
The United States International Trade Commission (USITC) has determined that there is a reasonable indication that the U.S. strawberry industry is materially injured by imports of fresh winter strawberries from…
America Can Afford Higher Taxes. The Tariffs Prove It
If the Trump administration’s tariff policy has proved anything, it’s that corporate America can afford to pay higher tax rates without the disruptions that Republican devotees of supply-side economics always…
$15B down, $29B to go — USDA unveils new ag trade deficit projections
The U.S. ag trade deficit continues to move in the right direction, according to new numbers from USDA. While the overall number is still massive, the latest forecast predicts 2026’s…
Japan Is Finally Removing A Massive Barrier To American-Made Cars
Japan plans a new certification pathway for US-built vehicles. It will admit US-certified cars without extra testing in Japan. Toyota has said it wants to import three US models into…