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
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
Two U.S. senators, a Democrat and a Republican, urged the Commerce Department on Thursday to launch a national security investigation into the import of heavy construction and farm equipment made in Mexico by companies such as Deere & Co, Caterpillar, and CNH Industrial. The push by Senator Tammy Baldwin, a Wisconsin Democrat, and Senator Bernie … Read More
The European Parliament signed off on major provisions of the trade deal that the United States and the bloc struck last year at President Trump’s golf course in Turnberry, Scotland. The decision came after months of wrangling, and despite big concerns on the part of many European lawmakers that the United States was no longer … Read More
The U.S. has lived with a massive trade deficit for decades. But under President Donald Trump’s sweeping tariffs, that gap suddenly narrowed — and much faster than many expected. That became clear on CNBC when anchor Rick Santelli reacted in real time to the trade numbers. “On the trade balance, which we know is going … Read More
