Small businesses stop offering free shipping to manage tariff costs
Once a staple of online shopping, free shipping is starting to fade away as retailers grapple with new tariffs and rising delivery expenses. For instance, Modern Picnic, which offers stylish lunch boxes that resemble handbags, has raised the spending requirement for free shipping significantly. Now, customers need to spend between $150 and $300 or face […]
McKinley’s tariff failure during the Gilded Age should make Trump reconsider
The Appeal of the Industrial Era for Trump President Trump has expressed admiration for the period of industrial and financial growth that spanned from the American Civil War to around 1900, often referred to as the “Golden Age.” This era is recognized for its superficial prosperity, frequently highlighted by Mark Twain. In particular, Trump seems […]
Survey indicates companies are transferring tariff expenses to consumers through price increases.
Tariffs and Their Impact on Businesses The Federal Reserve Bank of New York recently published a survey indicating that companies are passing on increased tariff costs to consumers through higher prices. This survey, conducted from May 2 to 9 among businesses in New York and parts of New Jersey, revealed that a significant majority of […]
Stainless Steel Market Responds to Tariff Increases – Today’s Crude Oil Prices
Customs Hike Shakes Up the US Stainless Steel Market Recently, the U.S. stainless steel market has been unsettled by a significant increase in tariffs. President Trump’s adjustments to the Section 232 Tax raised import duties on steel and aluminum from 25% to 50%. This change took effect on June 4, catching both suppliers and buyers […]
Trump and South Korea’s new president to pursue a tariff deal
Trump and South Korea’s New President Discuss Tariffs In his first conversation with South Korean President Lee Jae-myeon since taking office, President Donald Trump has agreed to explore a tariff deal, as reported by Lee’s office on Friday. This call marked the beginning of discussions between the two leaders following Lee’s election. Lee Jae-myeon succeeded […]
Public markets ready for US IPO rebound amid tariff concerns, says NYSE President Martin
NEW YORK – Lynne Martin, President of NYSE and owner of InterContinental Exchange, mentioned on Thursday that the open market is poised for action, driven by robust investor demand, despite ongoing tariff concerns. This environment sets the stage for a potential rebound in the U.S. IPO market. Although there’s some hope that 2025 might eventually […]
Higher-Income Consumers Carry the Largest Tariff Burden, CBO Reports
Impact of Tariffs on Consumers A recent analysis from the Congressional Budget Office suggests that the recent tariff increases initiated by the Trump administration are likely to affect high-income consumers the most. The CBO indicates that while prices will rise moderately for all income groups, the most significant increases will be seen in durable goods. […]
Stocks Rise Again on Wall Street as Tariff Concerns Diminish
Barclays Raises Year-End S&P 500 Target On Wednesday, Barclays became the latest firm on Wall Street to increase its year-end target for the S&P 500. Analysts seem to feel that perhaps the worst of this year’s tariff impacts could be behind us, which is a somewhat optimistic shift. According to a Barclays analyst, “It is […]
White House urges countries to submit their best trade proposals by Wednesday as it faces July tariff deadline, according to report.
It seems the White House is hurrying to finalize trade deals by a Wednesday deadline, pushing for the best offers from partners. This urgency follows President Trump’s “mutual” tariffs that are set to take effect on July 8, after a three-month hold, unless trades occur before then. A draft letter from U.S. trade representatives, which […]
DNC sets up taco truck near RNC headquarters to poke fun at Trump’s tariff policies
Democrats Use Food Truck Stunt to Criticize Trump’s Tariff Policy On Tuesday, the Democratic National Committee (DNC) set up a custom food truck outside the Republican National Committee (RNC) headquarters in Washington, D.C. This truck, wrapped with images of former President Donald Trump, offered free lunches to those passing by. But, of course, in Washington, […]