The Congressional Budget Office projects U.S. tariff changes will increase federal deficits by about $1.1 trillion over the next decade, after a Supreme Court ruling halted certain tariffs and the administration imposed new ones under different authority. The fiscal warning comes as USMCA renegotiations near, with advocacy groups calling for stronger labor and transparency rules … Read More
US consumers absorbed up to 43% of the tariff burden after the first seven months of the new tariffs, with the remaining portion borne by US companies, according to estimates by the Harvard Business School Pricing Lab Tariff Tracker. While retail prices rose quickly following each levy announcement in 2025, they gradually leveled off through … Read More
It’s a time in Canada when shoppers continue to scan store shelves in search of a maple leaf on their packaging, or are filtering their online order by “Shop Canadian.” It’s also a sentiment that the Canadian exotic mushroom industry would like to see be applied to them. Producing compost in Canada In exotic mushrooms, … Read More
Tariff concerns are pushing these Cork firms to build American manufacturing bases with record Irish FDI in the US last year. Cork-based indigenous pharmaceutical manufacturing companies have said that they are now having to establish new plants in the United States in a bid to protect jobs at home, in light of Donald Trump’s ongoing … Read More
New industry data, first reported by the Washington Reporter, shows U.S. trade and tariff policies are reshaping where automakers build vehicles, with Ford emerging as the most domestically focused major manufacturer. According to S&P Global Mobility, Ford imported 378,123 finished vehicles into the United States in 2025, fewer than those of every other major automaker … Read More
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
