Trump’s Tariff Agenda Bets on Americans Giving Up Cheap Goods
Treasury Secretary Scott Bessent argues that the American dream is about more than cheap televisions, but inflation-weary consumers might disagree.
Treasury Secretary Scott Bessent argues that the American dream is about more than cheap televisions, but inflation-weary consumers might disagree.
The president did not reveal the details of his plan to impose reciprocal tariffs the same day, but suggested he would move ahead with import taxes on trading partners.
The central bank’s outreach to companies has taken on new significance as the outlook for growth and inflation gets cloudier.
Trump’s supporters have clashed over the true goal of forthcoming global tariffs: raising revenue, or lowering foreign trade barriers?
Two dozen trade experts gathered recently to simulate how a global trade war would play out. The results were surprisingly optimistic.
The Office of the United States Trade Representative released a report highlighting foreign trade barriers that could influence tariffs the president puts into effect this week.
A surge in U.S. wealth has been driven by stock and home values. But the gains are concentrated at the top, leaving others in a sour economic mood.
Since World War II, U.S. research funding has led to discoveries that fueled economic gains. Now cutbacks are seen as putting that legacy in jeopardy.
With sweeping auto levies, the president is putting his beliefs about tariffs into practice on the global economy. Economists aren’t optimistic.
The measure, which is intended to bring car factories to the United States, could significantly raise prices for consumers.