Tariffs as Budget Pay-Fors: Three Revenue Options for Congress
CPA estimates that a universal tariff would generate substantial federal revenue across multiple rate scenarios. A 10 percent universal tariff would raise about $2.63 trillion over 10 years. A 5…
Are Tariffs a Burden? CPA Senior Economist Mihir Torsekar Debates The Tax Foundation at Ohio State University
For decades, the prevailing economic framework taught us to see people only as consumers — to boost their well-being by delivering them the cheapest goods at the lowest prices, not…
‘We will not survive’: Toyota, Honda and Ford CEOs issue chilling warning about China
A whopping 70% of all new electric vehicles (EVs) now hail from China, with Shenzhen-headquartered brand BYD far outpacing Tesla and others in sales, and scaling worldwide operations as a…
Why elevated U.S. tariffs could stick around for years – even after Trump leaves office
A substantial majority of American business leaders are planning for U.S. tariffs to stay elevated for years – and that’s a reasonable expectation, according to trade specialists at PwC. Around…
Is Reshoring Becoming More Feasible?
A Bain survey of 166 CEOs and COOs from late 2024 found 81% indicating their companies have plans to bring supply chains closer to market by nearshoring or reshoring, up…
Mercedes dropped $4B in Alabama to ease tariff costs — one of the first signs of Trump’s ‘Made in America’ plan working
Trump’s auto tariffs appear to be turning into treasure for Alabama’s Tuscaloosa County. At a recent event at the county’s Mercedes-Benz plant, company executives promised a $4 billion investment plan…
Trump imposes new tariffs on certain pharmaceutical drugs
President Donald Trump signed an executive order Thursday that could slap long-threatened pharmaceutical tariffs of up to 100% on some patented drugs from companies that don’t reach deals with his…
US menus change as Trump’s tariffs hit wine prices
Many producers staved off price increases when U.S. alcohol sales are already suffering from affordability issues, the rise of alternatives like cannabis drinks and shifting drinking habits. Francis Creighton, CEO…
He wants children’s bikes made in the U.S.A. — and tariffs against his rivals
Riley wanted to put the brakes on that trend by opening his own factory in the United States. Now, he’s asking the Trump administration to give his bikes a push,…
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…