“We’re seeing a very positive start to the holiday season,” said Jill Renslow, chief business development and marketing officer at the Mall of America in Bloomington, Minnesota, which plans to give gift cards and other giveaways to the first 250 customers who show up at 7 a.m. on Friday. “The last few Saturdays in November … Read More
The affordability crisis is primarily a result of price increases in five major sectors of consumer spending: housing, food, health care, child care, and energy. In none of those sectors are tariffs a significant factor. In fact, there are pretty clear drivers of the price increases in each of those sectors, and they are all … Read More
Trump imposed tariffs on the world using the International Economic Emergency Powers Act (IEEPA) on April 2. Critics said it was too much, too soon, and Trump agreed to a 90-day pause to try and get concessions on trade from major countries first. Despite a handful of deals happening over the summer, the rest of … Read More
The U.S. trade deficit fell by nearly 24% in August as President Donald Trump’s sweeping global tariffs pushed imports lower. In a report delayed for more than seven weeks by the federal government shutdown, the Commerce Department said Wednesday that the the gap between what the United States buys from other countries and what it … Read More
The U.S. Supreme Court is currently hearing arguments on whether President Donald Trump has the authority to impose tariffs under the International Emergency Economic Powers Act (IEEPA). One thing is clear, however: America needs trade tools that are effective and can advance the national and economic security interests of the United States. That’s why the … Read More
Defense technologies that span multifunction sensing, electronic warfare, communications, and radar demand the most advanced microchips to outpace evolving threats and stay ahead of current technology. A focus on smaller size, energy efficiency, tighter packaging, and most importantly – speed – set the tone for success. For decades, much of the world’s semiconductor production migrated … Read More
A new working paper written by two researchers at the Federal Reserve Bank of San Francisco’s Economic Research Department argues that tariffs can lead to lower inflation, albeit with the consequence of higher unemployment. The authors, Régis Barnichon and Aayush Singh, examined tariff policies in the U.S. since 1870 and came to this conclusion: “higher … Read More
Half of Americans say they’re more likely than they were last year to purchase domestic-made products, says survey shared exclusively with MarketWatch Consumers are expected to prioritize holiday gift giving even if their budgets are squeezed elsewhere – but experts say there are ways to avoid tariff markups when shopping. When retail stocks plummeted after … Read More
Toyota has announced the start of production at its only U.S. battery plant in Liberty, North Carolina. The nearly $14 billion facility will house 14 battery production lines and will create up to 5,100 new jobs. The company also said it will invest up to $10 billion to support future mobility efforts in the U.S. … Read More
Inspectors in the US discovered shipments of prawns and Nike branded sneakers emitting faint traces of man-made radiation, leading to an investigation that traced the source to a factory park outside Jakarta, Indonesia. Radioactive Cesium-137 had been released into the air from a small smelter processing scrap metal, contaminating more than 20 factories, including those … Read More
