Increased metal tariffs take effect as the deadline for top offers approaches.
U.S. Doubles Tariff Rates on Imported Steel and Aluminum (Reuters) – On Wednesday, the U.S. announced that tariff rates on most imported steel and aluminum have doubled. President Donald Trump is hoping that trading partners will respond with their best offers to stave off an escalation of international trade tensions and hefty import taxes on […]
Job market remains uncertain during tariffs pause with China
In April, job openings and employment saw a slight uptick just before the Labor Bureau’s upcoming employment report, a crucial indicator for the Federal Reserve’s interest rate decisions impacting the economy. Overall employment trends seem to be in a holding pattern. Businesses are cautious, particularly as they await clarity on U.S. tariff policies tied to […]
Judge prolongs suspension of ruling against Trump’s tariffs
A federal judge in Washington, DC, has extended the suspension of most of President Trump’s tariffs until an appeals court can make a decision on the case. US District Judge Rudolf Contreras initially put the order on hold for two weeks, but the extension announced on Tuesday will last indefinitely while awaiting the Court of […]
OECD reduces US economic growth outlook because of tariffs and policy uncertainty
The Organization for Economic Co-operation and Development (OECD) has released a report indicating a lowered outlook for US economic growth due to rising tariffs. This new assessment suggests that the country’s growth rate could drop to 1.6% in 2025 and 1.5% in 2026, a noticeable decline from the 2.8% GDP mark achieved last year. The […]
Dollar General raises sales outlook as concerns over tariffs drive shoppers to seek bargains
Shares of Dollar General surged by 13.6% on Monday, driven by retailers increasing their sales forecasts and reporting strong revenues as consumers sought out deals amid tariff concerns. The company now anticipates its same-store sales growth to rise from an earlier estimate of 1.2% to a new target of 2.2% annually. Additionally, they have revised […]
Republicans are not troubled by court decisions on Trump tariffs
Republican lawmakers are finding themselves in a tricky position regarding President Trump and his trade wars. While they are hesitant to oppose him directly, there’s also a palpable discomfort with the direction his policies are taking. Some are attempting to lend their support to the judicial system, or, at the very least, remain neutral amid […]
Waller States Tariffs Will Not Hinder Rate Reductions
Waller: Tariff Inflation is Temporary Federal Reserve Governor Christopher Waller recently addressed an important topic that officials have been hesitant to discuss: the idea of something being “temporary.” Speaking at the South Korean International Conference on Saturday, Waller delved into the economic implications of the recent U.S. trade policy. He acknowledged that while tariffs may […]
Lumber costs and tariffs are key issues in the US housing market discussion; groups are in conflict.
Lumber is becoming a key topic as the National Association of Home Builders (NAHB) and the American Lumber Coalition voice concerns regarding the factors contributing to challenges in the U.S. housing market. On Monday, Fox Business Correspondent Kelly Saberi highlighted that, according to the NAHB, the uncertainty around tariffs and the ongoing fluctuations in timber […]
Treasury Secretary disputes media warnings about tariffs as inflation decreases
Scott Bescent Discusses Tariffs on CBS “Face the Nation” In a recent interview on “Face the Nation,” Treasury Secretary Scott Bescent addressed concerns regarding the Trump administration’s tariffs on imports. He noted that these tariffs had been cooled to a four-year timeline and emphasized warnings about potential price increases for consumers. Brennan pressed him on […]
Don’t hold Walmart responsible: Trump’s tariffs ensure inflation is unavoidable
Shortly after Walmart announced plans to increase prices due to President Trump’s tariffs on Chinese imports, the company, interestingly, also adopted a phrase from Trump’s blunt social media comments. Trump warned the company, stating, “I’m watching, and your customers will too!!!” However, it’s essential to reflect on the fact that the President’s attempts at price […]