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 […]
Trump announces a 10% tax on wood, postpones 25% tariffs on kitchen cabinets and furniture.
Trump Announces New Wood Import Tariff On Monday, President Trump revealed a 10% tariff on wood imports, pushing back tariffs of 25% on kitchen cabinets, bathroom vanities, and upholstered furniture by two weeks. The updated deadline for these duties is now set for October 14. In a statement from the White House, Trump provided more […]
Trump imposes 10 percent tariffs on lumber imports and 25 percent on cabinets and furniture.
On Monday, President Trump announced a 10% tariff on wood imports and a more significant 25% tariff on furniture items, which include kitchen cabinets and vanities. Back in March, Trump instructed for a review of timber imports, labeling this area as “critical” for national security, as well as for the economic strength and resilience of […]