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…
What a 55 Percent Tariff on Chinese Goods Could Mean for Footwear Firms
Nike Inc. doesn’t report fourth-quarter results until June 26, but it has already raised some retail prices at its U.S. stores, averaging between $2 and $10. But not all products…
Here’s how the 55% U.S. tariffs on China are broken down
A White House official told MarketWatch that there are no new tariffs at the moment, and that the number includes 20% tariffs on fentanyl, a 10% “reciprocal” tariff and then…
PETER NAVARRO: Trump’s 50% steel tariff is a necessary shield for American industry
When President Trump first imposed Section 232 tariffs in 2018, they immediately spurred a resurgence in domestic steel investment. American steelmakers poured more than $20 billion into expanding and modernizing…
Overregulation And Foreign Competition Dominate House Hearing On U.S. Seafood; Tariffs Mentioned But Not Embraced As Solution
The U.S. imported $1.67 billion worth of fish and shellfish so far this year – down only slightly from the $1.73 billion imported in the first four months of 2024…
Store brands become retail’s secret weapon against tariffs
“Private label is growing faster than mainstream retail and part of the reason is that consumers can save money by switching,” GlobalData managing director Neil Saunders told Axios. “This has…
CBO says Trump’s tariffs could cut U.S. deficit by $2.8 trillion over 10 years
A forecast from the nonpartisan Congressional Budget Office this week says Trump’s tariffs could shave $2.8 trillion off the federal debt over the next decade, if they remain in place….