The Great Industrial Rebound: Why America Needs High Court Victory
For decades, the story of the American economy was one of “hollowing out“—of factories shuttering and high-paying blue-collar jobs migrating to low-wage markets overseas. The Liberation Day tariffs were designed…
Hyundai Steel invests 50% in U.S. electric-arc mill to avoid tariffs
Earlier, Hyundai Steel disclosed on the 16th that it will invest $1.46 billion (about 2.15 trillion won) in a U.S. electric arc furnace steel mill specialized in automotive steel sheets….
Canada plow-maker can’t clear path through Trump tariffs
For decades, Arctic Snowplows has sold its Canadian-made galvanized steel products to “anywhere there is snow” across the border in the United States, says company president Mike Schulz. But a…
Trump’s DOJ digs in on tariff refunds
Reps. Raja Krishnamoorthi (D-Ill.), Deborah Ross (D-N.C.) and Marc Veasey (D-Texas) on Friday introduced a resolution to scrap the 25 percent tariffs Trump imposed on India over its continued purchases of Russian energy. “Instead of advancing…
Why Mexico slapped 50% tariff on India, how it matters
Many are wondering why a developing economy, itself a target of US President Donald Trump’s tariffs, will slap similar tariffs on another developing economy also hit by Trump tariffs? Mexico’s…
Affordability Isn’t a Hoax. It’s Not a Crisis for Most, Either
Many Americans are struggling with rising food prices and high costs for housing, health care, and child care, but there is not a widespread “affordability crisis” in the US. Affordability…
US Trade Gap Shrinks to Narrowest Since 2020 After Tariff Hikes
The U.S. trade deficit narrowed unexpectedly in September to the smallest since 2020, delayed government data showed Thursday, with imports rising just slightly as President Donald Trump’s new tariffs set…
Mexico’s New Tariffs Add to Growing Backlash Against Chinese Exports
The backlash against a China trade shock 2.0 is picking up steam. Mexican lawmakers gave final approval for new tariffs on Asian imports, broadly aligning with US efforts to tighten…
Made in Vietnam: Trump Tariffs Ended China’s Monopoly on US Video Game Consoles
Millions of holiday shoppers across America are filling their baskets with pricey video game consoles, likely unaware of a seismic supply-chain shift that’s done away with the familiar “Made in…
Report: Most CEOs Believe Tariffs Will Hurt U.S. Economy
85% of CEOs believe U.S. tariffs will hurt American business, while nearly 62% believe the direction of the country is on the “wrong track,” according to new research from Stagwell…