The CBO projects that 2025 tariffs will reduce the U.S. budget deficit by $2.8 trillion over 10 years. Tariffs will save $500 billion in interest payments by lowering federal borrowing needs. Inflation will rise just 0.4 percentage points annually in 2025–2026, despite sweeping new tariffs. $81.4 billion in tariff revenue has already been collected this … Read More
Taiwan has promised to buy more American goods after Trump threatened the island nation with a 32 percent tariff. Taiwan’s president Lai Ching-te said last month that the country would buy more American natural gas and oil, weapons and agricultural goods. The self-governing island is looking to form closer ties with the US as it … Read More
The tariff debate has tended to live in the realm of abstraction for people in the Acela Corridor. But for those of us desperately fighting to preserve generational American manufacturing businesses, the effects are anything but theoretical. My family has been in the tool-making business in West Virginia for more than 170 years. But the … Read More
The inefficiency on display at Shaanxi Qinyang Changsheng Brewing Co. — a firm that hasn’t turned a profit since 2020 — might seem like an anomaly in a country where robots are replacing manual labor. But it’s a scene replicated across the nation, as company owners and local officials go to great lengths to protect … Read More
Nike Inc. doesn’t report fourth-quarter results until June 26, but it has already raised some retail prices at its U.S. stores, averaging between $2 and $10. But not all products are seeing price increases. While Nike apparel and equipment will see modest increases, and footwear prices between $100 and $150 will see increases up to … Read More
A White House official told MarketWatch that there are no new tariffs at the moment, and that the number includes 20% tariffs on fentanyl, a 10% “reciprocal” tariff and then an average level of 25% for tariffs that were already in place before this year. U.S. stocks SPX were higher Wednesday after softer-than-expected May inflation … Read More
When President Trump first imposed Section 232 tariffs in 2018, they immediately spurred a resurgence in domestic steel investment. American steelmakers poured more than $20 billion into expanding and modernizing production across critical product lines – from hot-rolled sheet and corrosion-resistant plate to rebar and wire rod. These investments weren’t speculative; they were foundational to … Read More
The U.S. imported $1.67 billion worth of fish and shellfish so far this year – down only slightly from the $1.73 billion imported in the first four months of 2024 – when much of these items were imported under Most Favored Nation tariff rates at around 3.4%. According to the U.S. Bureau of Labor Statistics, … Read More
“Private label is growing faster than mainstream retail and part of the reason is that consumers can save money by switching,” GlobalData managing director Neil Saunders told Axios. “This has been happening for a long time and the trend might be accelerated if tariffs push up prices,” Saunders said. The big picture: Store brands are … Read More
A forecast from the nonpartisan Congressional Budget Office this week says Trump’s tariffs could shave $2.8 trillion off the federal debt over the next decade, if they remain in place. The president has been promising his tariffs will help make America more prosperous. And there is evidence the tariffs are at least helping the government’s … Read More
