TARIFFS CAUSE AUGUST TRADE DEFICIT TO FALL 23.8% AS “LIBERATION DAY” TARIFFS KICKED IN
Trump imposed tariffs on the world using the International Economic Emergency Powers Act (IEEPA) on April 2. Critics said it was too much, too soon, and Trump agreed to a…
U.S. trade deficit drops 24% in August as Trump’s tariffs reduce imports
The U.S. trade deficit fell by nearly 24% in August as President Donald Trump’s sweeping global tariffs pushed imports lower. In a report delayed for more than seven weeks by…
Section 232 Steel Tariffs Are Getting Results
The U.S. Supreme Court is currently hearing arguments on whether President Donald Trump has the authority to impose tariffs under the International Emergency Economic Powers Act (IEEPA). One thing is…
Powering the future: Securing America with domestically made microelectronics
Defense technologies that span multifunction sensing, electronic warfare, communications, and radar demand the most advanced microchips to outpace evolving threats and stay ahead of current technology. A focus on smaller…
‘Demand shock’ caused by tariffs can lower inflation: Fed researchers
A new working paper written by two researchers at the Federal Reserve Bank of San Francisco’s Economic Research Department argues that tariffs can lead to lower inflation, albeit with the…
How to tariff-proof your holiday shopping list
Half of Americans say they’re more likely than they were last year to purchase domestic-made products, says survey shared exclusively with MarketWatch Consumers are expected to prioritize holiday gift giving…
Toyota Launches North Carolina Battery Plant, Announces Additional US Investment of up to $10 Billion
Toyota has announced the start of production at its only U.S. battery plant in Liberty, North Carolina. The nearly $14 billion facility will house 14 battery production lines and will…
How the US Ended Up With Radioactive Shrimp and Sneakers From Indonesia
Inspectors in the US discovered shipments of prawns and Nike branded sneakers emitting faint traces of man-made radiation, leading to an investigation that traced the source to a factory park…
Why Build-A-Bear Has Been on an Nvidia-Like Run
Like every company that imports, Build-A-Bear Workshop is being affected by tariffs. Although it pulled forward inventory in anticipation of their impact, the company reported on its second-quarter earnings call…
Manufacturing’s Economic Power Is Grossly Underestimated
Manufacturing’s true economic footprint is much larger than GDP and employment share statistics suggest, with total output accounting for up to 35% of GDP in 2015. Manufacturing supports millions of…