Trump tariffs threaten pharmaceuticals
sup, sub { font-size: 100% !important; } sup { mso-text-raise:10% } sub { mso-text-raise:-10% } Welcome to The Hill's Business & Economics Newsletter {beacon} business and economy business and economy Full text What will change for USPS in 2025? The United States Postal Service (USPS) plans to increase shipping fees in early 2025, while […]
How tariffs could affect health care costs
{beacon} health care health care Full text Medicare's new drug price caps begin January 1st A major cost-saving provision of the Inflation Reduction Act (IRA) will go into effect in the new year, capping Medicare recipients' annual out-of-pocket costs for prescription drugs at $2,000. Starting January 1, 2025, an estimated 19 million Medicare beneficiaries […]
Trump tells EU to buy more American-made oil and gas or face ‘tariffs all the way’
President-elect Donald Trump is threatening to impose tariffs on a range of countries upon taking office as part of an expected effort to boost oil and gas production in the United States. In a post on Truth Social, President Trump said he has told the European Union that it will increase U.S. oil and gas […]
Top Canada leaders to meet with Trump aids to discuss tariffs
Two of Canada's top ministers headed to President-elect Trump's Florida home on Thursday to discuss border security and trade as the president-elect's inauguration approaches. New Finance Minister Dominique Leblanc and Foreign Minister Mélanie Joly are scheduled to travel to Palm Beach, Florida, on Thursday for talks this week, Leblanc's press secretary, Jean-Sébastien Comeau, told The […]
How tariffs could be a blessing in disguise for American companies
All signs point to free trade going the same way as typewriters and payphones. What have long been pillars of economic freedom and free market capitalism have been undermined by protectionism, populism and isolationism. neo-mercantilism This month's flavor. Tariff increases continue despite the fact that for the past 20 years, nearly 90% of economists support […]
Trump Must Inflict ‘Massive Economic Pain’ on China with Tariffs
Shark Tank star Kevin O'Leary said Monday on Fox Business Network's “Fox Business Live” that President-elect Donald Trump must counter China with tariffs. “The difference between Canada and China is enormous,” host David Assmann said. “I mean, Prime Minister Trudeau came into the United States, bowed at the feet of Donald Trump, folded up like […]
How Trump’s tariffs can generate both economic and political reform in China
Donald Trump may be the candidate least likely to bring about revolutionary change in China, the world's most powerful dictatorship. He is also the least interested in pursuing that goal. deep personal praise For Chinese leader Xi Jinping. But history may have inadvertently placed him in a position to accomplish for China what Ronald Reagan […]
Trump is wrong: Raising tariffs won’t fix the trade deficit
President-elect Donald Trump's obsession with tariffs reflects a deep-seated antipathy toward trade and trade deficits. about himn words“Trade deficits have a very negative effect on the economy.” Is the trade deficit really a problem for the US economy? debatable. But either way, in most cases, Economists oppose the introduction of tariffs It seeks to address […]
51 percent oppose Trump tariffs on Mexico, Canada and China: Poll
A Quinnipiac University poll found that just over half of U.S. voters, 51 percent, oppose President-elect Trump's plan to impose tariffs on imports from Mexico, Canada and China. of Opinion poll released WednesdayThis comes after President Trump imposed a 25% tariff on all products from Canada and Mexico and threatened to increase tariffs on China. […]
Just Like First Term, Trump’s Tariffs Will Not Spike Inflation
Incoming trade adviser Peter Navarro said the tariffs planned by President-elect Donald Trump next year will not spike inflation. “We imposed significant tariffs on China, including steel, aluminum, dishwashers and solar power, and raised many countervailing duties to stop dumping. We had zero inflation from doing so.” and Mr. Navarro said Tuesday on CNBC. “So […]