The Fed’s Tariff Chart Reveals an Unexplained Deflation
The Mystery Deflation in the Fed’s Tariff Chart Recently, we addressed how the New York Fed’s latest paper does not convincingly argue that tariffs have resulted in higher inflation. The paper does enhance the previous analyses by the same group of economists by demonstrating that some of the tariff costs were indeed passed on to […]
The Fed’s Tariff Calculations Don’t Equal Inflation
The Fed’s Tariff Study Assumes Its Own Conclusion The New York Fed recently released a paper authored by Mary Amiti and her team, discussing the impacts of tariffs. This paper has been interpreted by many as evidence that tariffs have led to increased consumer prices, with some reports suggesting that tariffs caused goods inflation to […]
Ireland calls for tariff relief on Kerrygold butter following whiskey success
Irish Prime Minister Discusses Investment Strategies Amid U.S. Economic Shift NEW YORK – As President Donald Trump encourages U.S. multinationals to invest more domestically, Irish Prime Minister Micheál Martin is promoting Ireland as a prime European destination for American investment. This comes on the heels of Trump’s promise to eliminate tariffs on Irish whiskey, which […]
Trump and Xi Meet: U.S. and China Reach $30 Billion Tariff Agreement and Coal Purchases
US and China Reach Agreement on Tariff Reductions The United States and China recently agreed to lower tariffs on a variety of consumer and agricultural goods after a meeting between President Donald Trump and Chinese President Xi Jinping. This move suggests a possible easing of tensions in their ongoing trade conflict. According to Axios, the […]
Trump and Xi agree on $30 billion tariff arrangement for non-sensitive items
Scott Bessent discusses trade and AI ahead of Trump-Xi summit High-stakes discussions regarding trade and artificial intelligence are taking place in New York City, where Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are meeting with Chinese officials. Fox News contributor Dan Hoffman offers insights on this strategic interplay between the United States […]
Costco lowers prices on fruits, meat, and household items following tariff reimbursements.
Costco’s Tariff Refunds Impact Pricing for Members Costco announced on Thursday that it received $184 million in tariff refunds during its fourth quarter. Most of this amount has been reinvested to lower prices for members shopping at their warehouses. The retail giant explained that these refunds allowed them to adjust prices on a variety of […]
Economist states that Trump’s tariff payments and $5,000 cash guarantee will not occur
President Donald Trump’s recent promise of cash payments to Americans appears improbable, as noted by an economist and former congressional budget expert. Douglas Holz-Eakin, who heads the fiscal policy organization American Action Forum, commented that while Trump has made numerous promises, including a pledge of $5,000 to each American if Republicans retain control of Congress, […]
Cheers! Trump Cancels 10% Tariff on All Irish Whiskey as a Goodbye Gesture
Trump Visits Ireland, Announces Tariff Removal on Irish Whiskey U.S. President Donald Trump concluded his two-day visit to Ireland on Sunday, making headlines by declaring that he would eliminate tariffs on Irish whiskey. During a trophy ceremony for the Irish Open, Trump mentioned that he had been approached by various individuals regarding the tariffs, including […]
Canada’s tariff surprise: Which states and common items may be most affected
Canadian Imports to Get More Expensive Amid Trade Tensions Brace yourself for rising prices on Canadian imports — and it’s not just about maple syrup or hockey equipment. This week, as the trade conflict between Canada and the US intensifies, prices on various items, including steel, aluminum, wool, and lumber, are expected to rise due […]
Tariff Refunds Providing Short-Lived Boost to Economic Growth Following Supreme Court’s Ruling Against Trump
Economic Impact of Tariff Refunds According to Apollo Global Management’s chief economist, Torsten Slok, tariff refunds have provided a temporary uplift to the U.S. economy and may contribute to the anticipated 4% growth in GDP for the third quarter. This analysis aligns with the Supreme Court’s decision in February that invalidated tariffs previously enacted by […]