Average US Car Prices Top a Record $50,000 on EV Sales Surge
The average price of a new car in America topped $50,000 for the first time last month, driven by a surge in sales of expensive electric vehicles and luxury models….
Trump’s tariff revenue could help keep the government open. Why isn’t that happening?
Last month, the Treasury Department reported tariff revenue of $31.7 billion, bringing total tariff collections so far this year to $190 billion, a 160% increase compared to the same period…
Consumers Plan To Shop — And Celebrate Holidays — Despite Economic Gloom
Even with tariffs, inflation fatigue, and nonstop economic anxiety, Americans are still determined to make this a merry holiday season. ICSC, formerly the International Council of Shopping Centers, forecasts retail…
Europe goes protectionist to save its steel
The European Commission on Tuesday announced plans to nearly halve the amount of duty-free steel imports, to 18.3 million tonnes per year, while sharply increasing levies on foreign steel falling…
US container imports drop in September as Trump tariffs disrupt global trade
U.S. imports of containerized goods in September fell 8.4% from the year earlier, including a 22.9% drop in goods from China, amid ongoing trade ructions from President Donald Trump’s tariff…
US economy has ‘held up’ despite Trump’s tariffs, says IMF
The US economy is withstanding the impact of record protectionism better than expected, the International Monetary Fund said as it prepares its latest assessment of President Trump’s tariffs. Kristalina Georgieva,…
Foreign companies eye US expansion to lessen fallout from tariffs
Some non-U.S. companies have said they are looking at expanding their presence or setting up shop in the United States to mitigate the impact of President Donald Trump’s tariffs on…
Trump’s tariffs have a bad reputation, but they are not failures
Overall, these tariffs help stimulate the economy. If the foreign competition has more barriers of entry, it lends itself nicely to increase domestic manufacturing which in turn creates more jobs…
Trump, Pfizer agree to lower U.S. drug prices, exempt company from pharma tariffs
President Donald Trump on Tuesday announced an agreement with Pfizer to voluntarily sell its medications for less, as his administration pushes to link U.S. drug prices to cheaper ones abroad….
Trump’s tariffs are already spurring Japanese companies to shift more production to the U.S.
Japan’s export volume to the U.S. has fallen to the weakest level since 2021 while its overall exports remain above the 2024 average, Marcel Thieliant, head of Asia-Pacific at Capital…