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
The U.S. trade deficit made a sharp and unexpected pullback in October, reaching its lowest level since 2009 as goods imports dropped while President Donald Trump’s tariffs took hold, government data showed Thursday. The overall trade gap plunged 39% to $29.4 billion in October, said the Department of Commerce, as imports dropped by 3.2%. The … Read More
The White House stated that in 2025, new U.S. vehicle sales rose by 2.4 percent — the industry’s strongest performance since 2019. Earlier this year, analysts claimed President Donald Trump’s Made in America trade agenda would “deal a serious blow to automakers,” “cut sales by millions,” and “increase prices.” These so-called experts could not have … Read More
The current cost-of-living crisis – defined by the soaring cost of essential services – is not the result of excessive consumer demand or short-term inflation shocks. It is the product of decades of trade and industrial policy choices that weakened middle-class wage growth. Although China’s accession to the World Trade Organization (WTO) accelerated global manufacturing … Read More
The most credible exception to the case for free trade policy is rooted in concerns about national security. If complete freedom of trade jeopardizes our national security, some protectionism arguably is justified because, as even Adam Smith insisted, although free trade is enriching and important, “defence … is of much more importance than opulence.” As … Read More
