Tariffs Are Lowering Prices and Embarrassing Economists
Weekly recap: Supreme Court and Trump Madness Happy Friday! This week, the main figure in the US economy gathered at a friend’s briefing that made it clear—there’s still a strong disapproval of Trump’s actions. In August, the prices of items hit by tariffs dropped, disappointing those at the Kato Institute. Moreover, Americans again signaled their […]
Trump’s updated tariffs proposal sparks additional concerns
President Trump announced a new drug tariff plan that has raised several questions regarding its implications. The plan threatens to impose 100% tariffs on companies that haven’t established drug manufacturing facilities in the United States since October 1st. This move seems to primarily target foreign manufacturers, but it’s unclear how it will impact those already […]
How Trump’s new tariffs on drugs and furniture might affect Americans
President Trump has unexpectedly introduced a new tariff affecting medicines, furniture, kitchen cabinets, bathroom vanities, and heavy trucks. With living costs already on the rise, there are concerns that this could further increase prices for consumers. Ken Mahoney, CEO of Mahoney Asset Management, indicated that the tariffs set to begin on October 1 could significantly […]
New tariffs, Trump’s TikTok agreement, inflation information and more in Morning Squawk
Here are five key points investors should be aware of as they begin trading today: 1. New tariffs from Trump President Donald Trump announced new tariffs on medicines, heavy trucks, kitchen cabinets, and upholstered furniture set to take effect on October 1st. He stated on Truth Social that brands or patented drugs entering the U.S. […]
Trump’s Tariffs and GDP Disrupt Markets, ETFs Suffer: Crypto Daybook Americas
Market Overview: Crypto and Economic Insights Recent data shows that the Coindesk 20 Index has dropped by about 5%, which isn’t great news for crypto enthusiasts. Over the last 24 hours, major cryptocurrencies like Bitcoin (BTC) are hovering around $109,418.12, while Ethereum (ETH) stands at approximately $3,975.34, just under a 2% decline. Looking at altcoins, […]
Trump reveals new tariffs on medications, furniture, and large trucks starting October 1.
On Thursday, President Trump revealed a series of product-specific tariffs that are slated to go into effect on October 1. These tariffs include a requirement for manufacturers to produce plant-free drugs within the United States. These tariffs, which represent Trump’s commitments to countries globally, could face significant backlash, particularly concerning drug imports. Many experts are […]
How Investors Became Comfortable with Tariffs
The trade war has officially ended The significant tariff anxiety of 2025 is over. Back in April, many professional investors feared that tariffs would ruin the global economy. In fact, eight out of ten money managers participating in Bank of America’s Global Fund Manager Survey stated that “The trade war will cause a global recession.” […]
Lawmakers intend to present a bipartisan proposal to remove tariffs on coffee as prices rise.
Lawmakers are planning to propose a bipartisan bill aimed at exempting coffee from the tariffs implemented during President Trump’s administration. The legislation, crafted by Representatives Don Bacon (R-Nebraska) and Ro Khanna (D-California), would remove tariffs on coffee, coffee shells, and certain other beverages. This comes in response to the tariffs that have been in place […]
Europe plans to impose tariffs and sanctions on Israel due to the conflict in Gaza.
EU Diplomats Call for Tariffs and Sanctions on Israel On Wednesday, senior diplomats from the European Union urged member states to come together and impose tariffs estimated at $166 million on Israeli goods. They also discussed sanctions targeting supporters of Israeli Prime Minister Benjamin Netanyahu amid the ongoing conflict in Gaza. Kaja Karas, the EU’s […]
Whirlpool claims competitors are getting around Trump’s tariffs.
Whirlpool has accused competitors of misrepresenting the value of appliances imported from abroad to bypass tariffs set during the Trump administration. Companies like Samsung, LG Electronics, and GE Appliances have started to significantly reduce the prices of items such as washing machines and stoves since June. According to a report, for instance, a gas range […]