CPA estimates that a universal tariff would generate substantial federal revenue across multiple rate scenarios. A 10 percent universal tariff would raise about $2.63 trillion over 10 years. A 5 percent universal tariff would raise about $1.315 trillion over 10 years. A 2.5 percent universal tariff would still raise about $658 billion over 10 years. … Read More

For decades, the prevailing economic framework taught us to see people only as consumers — to boost their well-being by delivering them the cheapest goods at the lowest prices, not by the work they do or the communities they sustain. That is a choice about what we value. And I think it’s the wrong one. … Read More

A whopping 70% of all new electric vehicles (EVs) now hail from China, with Shenzhen-headquartered brand BYD far outpacing Tesla  and others in sales, and scaling worldwide operations as a result. It has automakers like Toyota, Honda and Ford panicking about projects and overhauling strategy, with Ford executives saying even three years ago that China … Read More

A substantial majority of American business leaders are planning for U.S. tariffs to stay elevated for years – and that’s a reasonable expectation, according to trade specialists at PwC. Around 86% of U.S. executives are expecting that import taxes will remain a significant feature of the country’s economic landscape even beyond the Trump era, said … Read More

A Bain survey of 166 CEOs and COOs from late 2024 found 81% indicating their companies have plans to bring supply chains closer to market by nearshoring or reshoring, up from 63% in 2022. Bain said, “The acceleration of the reshoring trends underlines how heightened geopolitical turbulence and pressures for greater sustainability and reduced carbon … Read More

Trump’s auto tariffs appear to be turning into treasure for Alabama’s Tuscaloosa County. At a recent event at the county’s Mercedes-Benz plant, company executives promised a $4 billion investment plan by 2030, Made In Alabama reports. The luxury car manufacturer also showed off the new GLE and GLS SUV models that this money will help … Read More

President Donald Trump signed an executive order Thursday that could slap long-threatened pharmaceutical tariffs of up to 100% on some patented drugs from companies that don’t reach deals with his administration in the coming months. Companies that have signed a “most favored nation” pricing deal and are actively building facilities in the U.S. to onshore … Read More

Many producers staved off price increases when U.S. alcohol sales are already suffering from affordability issues, the rise of alternatives like cannabis drinks and shifting drinking habits. Francis Creighton, CEO of trade body Wine & Spirits Wholesalers of America, said its members were helping ​customers refresh their wine lists and cocktail programs, including by offering … Read More

Riley wanted to put the brakes on that trend by opening his own factory in the United States. Now, he’s asking the Trump administration to give his bikes a push, by imposing higher tariffs on foreign competitors. It could become a test case of the administration’s strategy of using import taxes to promote domestic manufacturing. … Read More

Despite raising tariffs to an 80-year high last year, the Trump administration’s International Emergency Economic Powers Act (IEEPA) duties had muted impacts on America’s overall economic standing. While they ballooned from an average of 2.4 percent to 9.6 percent over the course of 2025, certain key factors mitigated their impacts, according to a newly released … Read More