Aluminum Market Responds to Price Increases from Tariffs – Current Crude Oil Prices
Rising global aluminum prices have kept the Aluminum Monthly Metal Index (MMI) fairly stable, showing a slight increase of 0.73% from May to June. If you’re curious about the trends in the industrial metals market, you can track other indexes for comparison. Aluminum Midwest Premium Reaches New Heights The Midwest Premium hit a peak in […]
Import Prices Indicate Low Inflation, China Lowering Prices to Counteract Tariffs
US Import Prices Unchanged in May The Labor Bureau reported on Tuesday that US import prices remained stable in May, indicating that inflationary pressures from global supply chains are manageable, despite ongoing trade tensions and rising tariffs. The import price index, which tracks prices at borders prior to the imposition of duties, showed no change […]
Businesses Take Their Initial Challenge Against Trump Tariffs to the Supreme Court
Supreme Court Considers Trump’s Tariffs On Tuesday, the Supreme Court received its first request to evaluate the constitutionality of President Donald Trump’s tariffs. Educational toy companies Learning Resources and hand2mind submitted a request, opting to go directly to the Supreme Court rather than lower courts. Their application highlights the considerable effects of tariffs on nearly […]
Supreme Court urged to consider the legality of Trump’s tariffs
A group of plaintiffs is suing President Trump over his tariffs introduced on what he termed “liberation day.” They’ve asked the Supreme Court to bypass lower courts and quickly address the legality of these taxes. Two federal courts have already ruled that Trump improperly invoked the International Emergency Economic Powers Act (IEEPA) to impose these […]
Well-known home goods retailer At Home declares bankruptcy, blaming Trump’s tariffs.
A well-known home goods retailer has filed for bankruptcy, with its CEO pointing to “an evolving trade environment” influenced by President Trump’s tariffs affecting the retail sector. This Dallas-based company operates 260 stores across 40 states but has indicated that it will continue regular operations throughout the Chapter 11 bankruptcy proceedings. Backed by the private […]
Tariffs Aren’t Increasing Prices; They’re Hurting Foreign Suppliers
Tariffs do not burden American consumers and businesses. If tariffs cause inflation then the economic data from this week would reflect that. But instead, it shows resilience and negotiation strength, almost like a surprising twist. The Consumer Price Index (CPI) stayed relatively stable in May. The headline CPI increased by just 0.1%, while core inflation—excluding […]
Treasury Secretary rejects the idea of tariffs being considered taxes, despite federal revenue reports
Tariffs and Taxes Debate Continues On Thursday, Treasury Director Scott Bescent asserted that tariffs should not be classified as taxes, which goes against the conventional economic understanding of these key trade instruments used by President Trump. During a Senate Finance Committee hearing, Senator Katherine Cortez Masto (D-Nev.) challenged Bescent’s viewpoint while discussing the federal revenues […]
Euro reaches three-year highs above 1.1600 due to concerns over tariffs and expectations of Fed rate cuts
The euro has risen above 1.16 for the first time since November 2021. Updated tariff concerns and weak inflation data are impacting the US dollar. EUR/USD bulls are eyeing an annual high around 1.1575. EUR/USD has surpassed 1.1600 for the first time since late 2021. This rise is largely attributed to new tariff threats from […]
Dow takes a 200-point drop after Trump warns of individual tariffs
On Thursday, shares took a hit as investors reacted to escalating trade tensions. This followed President Donald Trump’s announcement of possible unilateral tariffs on significant US trading partners. The Dow Jones industrial average dropped by 230 points (0.54%), settling at 42,634.95. The S&P 500 fell by 0.28%, while the Nasdaq dipped 0.24%. Even the Small-Cap […]
Small-cap stocks are finally gaining interest as concerns over tariffs and inflation diminish.
Small Caps Showing Strength Amid S&P 500 Highs The S&P 500 might be nearing new record highs, but it seems the small-cap stocks are taking center stage this week. The Russell 2000 index has risen 0.8%, outperforming the S&P 500, Nasdaq, and Dow. This positive trend has positioned the Small Cap Index for its ninth […]