Congress not doing its job doesn’t grant Trump sole authority over tariffs.
Supporters of Trump are defending his implementation of the International Emergency Economic Powers Act by arguing that Congress has the power to terminate the proclaimed “national emergency.” They suggest that if lawmakers do not support a joint resolution, it effectively means that Trump’s authority to impose tariffs remains intact. However, critics point out that Congress’s […]
Six Months After Liberation Day, All Economic Forecasts About Trump’s Tariffs Were Incorrect
How Economists’ Central Anti-Tariff Predictions Collapsed In a recent analysis, new findings from Jared Bernstein and Daniel Posthumus were discussed, highlighting the significant decline in U.S. manufacturing jobs following what they termed the “China Shock” from 2000 to 2010, which led to the loss of 5.7 million factory jobs. The authors labeled this era as […]
A Paper Against Tariffs Unexpectedly Supports Trump’s Tariffs
Understanding the Misconceptions About Manufacturing Job Loss For many years, politicians have promised to revive factory jobs in the U.S. A recent paper by two economists from Stanford’s Economic Policy Institute attempts to delve into the essential question: What really impacts manufacturing employment? While the research is informative, attempting to defend traditional views against tariffs […]
IMF leader gives serious advice on tariffs: ‘Prepare yourself’
Global Economic Outlook: Caution from the IMF WASHINGTON — The global economy appears to be in a better state than many anticipated, even in the face of substantial challenges, like President Trump’s tariffs. However, the head of the International Monetary Fund (IMF) expressed concerns about whether this resilience can be sustained. “Prepare yourselves,” said Kristalina […]
Supreme Court to Decide on Trump’s Executive Authority, Tariffs, and Transgender Athletes
It’s a fresh start for the United States Supreme Court as it kicks off a new term this Monday, with a range of significant cases on the docket. Over the next couple of months, several hearings are planned, alongside a number of cases awaiting scheduling. The 6-3 conservative majority is set to deliberate on 39 […]
Aston Martin’s stock drops 10% as the luxury carmaker cautions that tariffs and low demand will impact profits.
Aston Martin Faces Significant Losses as Stock Prices Drop Aston Martin saw its stocks plummet by 10% on Monday, exacerbating its annual losses. This decline is largely attributed to weaker demand in North America and Asia-Pacific, compounded by the effects of US tariffs. The automaker’s recent disclosures reveal annual losses surpassing £110 million ($147.81 million). […]
Trump postpones potential full tariffs on medications
The Trump administration has put a hold on 100% tariffs on pharmaceutical companies that haven’t established production facilities in the U.S., though officials maintain that new taxes are still in effect. Recently, President Trump announced on his social media platform that starting October 1, 2025, there would be a 100% tariff on patented or branded […]
If the US only focuses on tariffs in Southeast Asia, others will take advantage.
This year’s UN General Assembly in New York has seen trade take center stage as global leaders gather. The focus is shifting back to key issues, especially the removal of tariffs. For U.S. businesses, the implications of increased tariffs on products from Southeast Asia are significant. However, concentrating solely on mutual tariff rates could mean […]
Chicago Fed leader worried that tariffs may cause lasting inflation
Concerns Over Inflation from Chicago Fed President On Tuesday, Austan Ghoolsby, President of the Federal Reserve Bank of Chicago, expressed concerns regarding rising inflation and the uncertainty of whether recent tariff-related price increases are temporary or could lead to more lasting challenges for policymakers. Speaking at the Midwest Agricultural Conference, Ghoolsby noted the recent spike […]
Trump insists on film tariffs that experts deem ‘impossible’
President Trump has recently highlighted his plans for imposing tariffs on films, drawing mixed reactions from both supporters and detractors. In a post on social media, he asserted that the filmmaking industry in the U.S. was effectively “stolen” by other nations, likening it to “stealing candies from babies.” He specifically pointed fingers at California and […]