The decades of evidence on imports, tariffs, and inflation are finally catching up to many economists and policymakers in government as recent forecasts now show. A December 2024 Congressional Budget Office (CBO) report estimated that a global 10% tariff would only lead to a 0.6% increase in prices. Similarly, a February 2025 study by the … Read More
Isuzu Motors Ltd. is investing ¥43 billion ($280 million) to build a new manufacturing plant in South Carolina, a timely move as Japanese carmakers brace for steep tariffs on components imported to the US from Mexico and Canada. Isuzu plans to have the site up and running by 2027, and aims to employ more than … Read More
Taylor Swift was spotted rocking a red, black and white pair of New Balance 550s to cheer on the Chiefs and Reese Witherspoon, Kaley Cuoco, Rihanna, and Hilary Duff all love the comfortable shoes. Fashion psychologist Shakaila Forbes-Bell is a fan of New Balance because it ‘has truly stood the test of time, maintaining its … Read More
The United States manufacturing sector finds itself at a critical juncture, grappling with a confluence of systemic issues that have eroded its historical edge. At the heart of this decline lies a combination of subpar education, intense capitalist greed, and a shift away from the principles of real democracy toward a form of naked capitalism … Read More
Ford CEO Jim Farley has a question about President Donald Trump’s threatened tariffs on imports from Mexico, Canada, and China: Why stop there? Farley said in a conference call Wednesday that Trump’s selective approach “doesn’t make sense.” “Why are we having this conversation while Hyundai-Kia is importing 600,000 units in the U.S. with no incremental … Read More
Thai companies want the government to step up efforts to shield local producers from a potential influx of cheap goods following the Trump administration’s move to slap tariffs on Chinese imports. The plea for increased protection comes amid fears that Chinese exporters will flood its neighboring countries with products that it’s unable to ship to … Read More
The simple truth is that Mexico and Canada need the U.S. far more than the U.S. needs either of them. Mexico sends some 84 percent of its exports to American markets, while only 14.5 percent of U.S. exports go to Mexico. Canada relies on the U.S. to buy 77 percent of its exported goods, but … Read More
Since the imposition of Section 301 tariffs on China in 2018, the goods deficit with China has declined from a record $418.23 billion in 2018 to $295.4 billion today. The result of those tariffs have been an increase in capacity at some U.S. factories, as a March 2023 report by the International Trade Commission attests, … Read More
The recent threat of President Donald Trump’s tariffs on Canadians has led Canadian manufacturers to look at Buffalo as a possible place to set up shop. President of Invest Buffalo Niagara Thomas Kucharski said when the potential tariffs were announced back in December, he got a surge in Canadian businesses interested in moving to the … Read More
“You should think of tariffs three ways,” Bessent said. “One will be for remedying unfair trade practices either in an industry or by a country, like steel and China. Another will be as a revenue source, and third is to use it for negotiations with countries like Mexico for the fentanyl crisis.” Other tariffs are … Read More
