But who is, in fact, paying the Trump tariffs? Two reports released last week — the Congressional Budget Office’s latest report on the budget and economic outlook, and a study released by the Federal Reserve Bank of New York — both concluded that the tariffs are overwhelmingly being borne by U.S. households and firms. But … Read More
Bangladesh has pledged to buy American aircraft from Boeing, along with greater quantities of cotton, soybeans, liquefied petroleum gas and other goods to reduce the trade gap with the US. An agreement has been signed to import 3.5 million tonnes of wheat from America over five years, with approximately 660,000 tonnes already purchased. The arrangement … Read More
John Deere future generation excavators previously produced in Japan will be manufactured at a $70 million factory in North Carolina, the company said Tuesday. Kernersville, a Forsyth County community off Interstate 40 between Greensboro and Winston-Salem, will be the new home with an expected employment of 150 workers. In May 2024, county commissioners approved an … Read More
Border payment does not determine who bears the cost. While tariffs are paid by importers at the border, U.S. nonfuel import prices remained largely flat through September 2025. This indicates that higher tariff costs were not automatically passed through to consumers. Exporters are absorbing pressure through price adjustments. Export-price indices for major U.S. trading partners … Read More
A trade deficit matters because it changes who is doing the spending and investing in an economy, how exposed key sectors are to foreign competition, and how much domestic production and capacity is displaced. Trade deficits redirect income and credit creation away from domestic producers, weakening productive investment domestically and shifting bank lending toward non-productive … Read More
General Motors is moving production of a China-built Buick SUV to the U.S., its latest move to expand U.S. factory work in the wake of the Trump administration’s tariffs. The Detroit automaker said Thursday it is ending China production of the Buick Envision, a midsize SUV that it has been importing to the U.S. for … Read More
Pet food prices remained comparatively restrained at the end of 2025, even as overall pet-related inflation accelerated in December, according to industry analyst John Gibbons of PetBusinessProfessor.com. While total pet inflation rose to 3.5% year over year, pet food continued to post one of the lowest inflation rates among pet categories. In December, pet food … Read More
The share of US-manufactured passenger vehicles imported to Canada has fallen to a historic low of 36% during the first 10 months of 2025, according to Statistics Canada data. This represents a significant decline from the 49% average maintained during the previous decade, continuing a downward trend that began in the 1990s when US-made cars … Read More
Small Business Administrator Kelly Loeffler visited a Macon manufacturing business Friday to tout the Trump administration’s economic policies’ impact on small manufacturers across the country. “What we see is Made in America, hiring, deregulation, tax cuts, inflation coming down, interest rates coming down, and the entire economic agenda that’s helping great small manufacturers like this … Read More
Boosts in revenue from taxes and tariffs narrowed the U.S. budget deficit in the October to December period from the year before, Department of Treasury data showed on Tuesday. The deficit shrank by 15% from the prior fiscal year, from $711 billion to $602 billion. Overall revenue climbed by 13% to $1.2 trillion, while spending … Read More
