Is Trump a genius? Top economist and tariff skeptic admits president may have outsmarted us all on the economy
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…
Fed’s Goolsbee says tariffs have not had expected impact so far
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…
EU bars Chinese firms from major state medical equipment contracts
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…
Tariffs Force Retailers to Fess Up About Why Things Cost 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…
Steel industry groups say Carney’s retaliatory plan for U.S. tariffs ‘falls short’
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…
Legislation Introduced to Permanently Protect “Product of USA” Label for Meat Products
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…
CBO: Tariffs Bring Billions in Revenue, Barely Touch Inflation
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…
Trump’s tariff ultimatum forces country to promise to buy more American goods
Taiwan has promised to buy more American goods after Trump threatened the island nation with a 32 percent tariff. Taiwan’s president Lai Ching-te said last month that the country would…
Trump’s tariffs are already helping my family business
The tariff debate has tended to live in the realm of abstraction for people in the Acela Corridor. But for those of us desperately fighting to preserve generational American manufacturing…
China Forced to Keep Unprofitable Firms Alive to Save Jobs and Avoid Unrest
The inefficiency on display at Shaanxi Qinyang Changsheng Brewing Co. — a firm that hasn’t turned a profit since 2020 — might seem like an anomaly in a country where…