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
Like every company that imports, Build-A-Bear Workshop is being affected by tariffs. Although it pulled forward inventory in anticipation of their impact, the company reported on its second-quarter earnings call an estimated $11 million hit to 2025 income. Nonetheless, it was able to increase its guidance for the full year thanks to a strong first … Read More
Manufacturing’s true economic footprint is much larger than GDP and employment share statistics suggest, with total output accounting for up to 35% of GDP in 2015. Manufacturing supports millions of jobs indirectly. Strong synergies exist between manufacturing and innovation, with manufacturing driving 60% of U.S. R&D and fostering technological advancements that benefit the entire economy. … Read More
Mexico raised tariffs of up to 210% on sugar imports from countries with which it doesn’t have a trade deal, part of a plan to protect the domestic industry from falling prices. The measure, which takes effect on Tuesday, includes tariffs of 156% and 210% on cane sugar, refined liquid sugar, beet sugar and syrups, … Read More
