US dollar experiences its worst first half in over 50 years due to Trump tariffs
US Dollar Faces Historic Decline Amid Global Turmoil The US dollar has experienced its most challenging first half in over fifty years, overwhelmed by geopolitical tensions and the ongoing trade war initiated by Donald Trump. Since its introduction in 2025, the dollar has plummeted more than 10% against a range of currencies. This marks the […]
Does your business have a backup plan for the Trump tariffs?
I have a client in New Jersey who makes industrial films. Their main supply comes from two Chinese firms. You might think they’ll be hit hard by President Trump’s tariffs, right? Fortunately, the owner and her partner were paying attention. Back in 2023, they understood that the presidential election was going to be tough—like, really […]
The Supreme Court Has Defeated the Legal Battle Over Tariffs
A Major Setback for Legal Challenges Against Tariffs Supreme Court Ruling on FCC v. Consumer Research The Supreme Court made a significant ruling on Friday regarding FCC v. Consumer Research, which not only maintained communication subsidies but also posed a substantial challenge to efforts aimed at dismantling President Trump’s trade policies. In a 6-3 decision […]
Chief economist Torsten Sløk: Trump might have ‘outsmarted us all’ on tariffs, even though I criticized him before.
Economist Reassesses Trump’s Trade Strategy There’s been a notable shift in the perspective of a prominent Wall Street economist regarding President Donald Trump’s trade policies. Torsten Sløk, the chief economist at Apollo Global Management, had previously been critical of the president’s approach to tariffs. However, he now suggests that Trump might have outsmarted many with […]
Key Inflation Measure Shows No Indications of Price Increases from Tariffs
Federal Reserve Shows No Sign of Tax-Driven Price Increase The latest Federal Reserve data indicates that there was no significant tax-driven acceleration in May, suggesting that President Trump’s tariffs haven’t yet pushed consumer prices higher. This is particularly evident in product categories most vulnerable to import taxes. The core consumer spending (PCE) price index, which […]
Leading economist suggests Trump may have successfully outwitted everyone regarding tariffs
A prominent Wall Street economist who previously criticized President Trump’s tariffs now suggests that the president’s trade policies may have “overturned us all.” Torsten Sløk, the chief economist at Apollo Global Management, believes that the uncertainty around these policies has already begun to negatively impact the economy. However, he also noted that Trump could potentially […]
S&P 500 reaches all-time high after months of uncertainty from Trump’s tariffs
Just a few weeks post-President Donald Trump’s second term, the S&P 500 has seen an over 20% boost in just two years, climbing to unprecedented highs, driven in part by heightened corporate profits and what some are calling “Trump’s uplift.” After hitting a peak of 6,144.15 on February 19, the index began to dip, leading […]
Nike alerts about a significant $1 billion impact from tariffs, yet shares rise
Nike’s Strategic Shift Amidst Tariff Challenges Nike announced on Thursday that it has diminished its reliance on Chinese production, aiming to lessen the effects of US tariffs on imports. Analysts, however, expect first-quarter revenue to fall short of forecasts, even though there’s been an 11% upswing in expanded transactions. Executives mentioned that the substantial tariffs […]
GDP declined by 0.5% in the first quarter due to Trump tariffs
The US economy experienced a contraction of 0.5% annually from January to March, a downturn attributed to the impact of President Trump’s trade policies, as reported by the Commerce Department on Thursday, which adjusted earlier estimates downward. In the first quarter, growth was negatively affected by a notable increase in imports, as American businesses and […]
Trump Hits Spain with Increased Tariffs for NATO Contributions
Spain’s NATO Defense Spending Controversy This week, Spain stood out as the only NATO member not agreeing to a significant increase in defense spending, drawing criticism from President Donald Trump, who hinted at potential tariffs as a consequence. Instead of increasing their contributions to NATO, Spain may face higher tariffs on trade, as the government […]