Trump's Trade War Hits US-Canada Border Towns

 

Trump's trade policies are negatively impacting US-Canada border towns. Canadian cross-border travel has plummeted by 17%, with car trips down almost 32%, hurting businesses reliant on Canadian tourism. Restaurants and duty-free shops are experiencing significant sales drops, as Canadians opt to "buy Canadian." This economic downturn follows...

US-China Tariff Talks End; Resumption on Sunday

 

US-China tariff talks in Geneva concluded after 10 hours of negotiations, with no immediate indication of progress. The talks, aimed at de-escalating trade tensions, will resume Sunday. While a major breakthrough seems unlikely, both sides hope to reduce tariffs to ease global market disruptions. The discussions involved...

US-China Trade Talks Begin Amidst Global Economic Uncertainty

 

US and Chinese economic officials are holding high-stakes talks in Geneva this weekend to address the escalating trade war. The meetings, the first since significant tariff increases by both nations, aim to determine each side's objectives and chart a path forward. While a major breakthrough is unlikely, the...

Tariffs Devastate Small Businesses, Owner Says

 

A small business owner expresses outrage over increased costs due to tariffs, impacting packaging materials by 200%. The rising prices, coupled with e-commerce fees, threaten profitability. They blame the current administration's 'Buy American' policy, deeming it unrealistic and economically damaging for small businesses already struggling in a difficult economic...

De Minimis Rule Ends: US Shoppers Face Higher Prices

 

The end of the "de minimis" rule in the US, allowing duty-free imports of packages under $800 from China, has sparked panic among online shoppers. President Trump's decision, supported by traditional retailers, aims to combat the influx of cheap goods and potential safety risks. Shoppers are rushing to buy...

Factory Jobs: American Dream or Automation Reality?

 

Despite a decline from 19.6 million in 1979 to 12.7 million today, Americans still yearn for manufacturing jobs. This nostalgia is rooted in a romanticized past, overlooking past struggles for fair wages and unionization. Politicians from both sides champion bringing these jobs back, citing economic and national security...

China's Exports Surge Despite US Tariff Hit

 

China's April exports rose 8.1% year-on-year, exceeding expectations, driven by increased shipments to Southeast Asia. This growth offset a significant 21% drop in exports to the U.S. due to new tariffs. Imports to China fell slightly, defying predictions of a steeper decline. Experts attribute the export surge partly...

Trump Tariffs Hit Americans: Receipts Show Price Hikes

 

New tariffs imposed by the Trump administration are impacting American consumers and businesses. Receipts shared with NPR show significant price increases on various goods, including wheelchairs (145% tariff increase), refrigerated containers ($12,000+ increase), and bananas (10% increase). Small businesses are absorbing some costs, but many are passing increased...

Fed warns Trump's tariffs could trigger stagflation

 

Fed Chair Jerome Powell directly blamed President Trump's tariffs for potentially causing stagflation – a combination of high inflation, slow growth, and high unemployment. The Federal Open Market Committee (FOMC) lowered its economic growth forecast and raised its inflation projection in March, anticipating the negative impact of trade barriers....

Trump's Research Cuts Threaten US Economic Growth

 

President Trump's proposed budget includes drastic cuts to scientific research funding, impacting NASA, the NSF, NIH, and other agencies. Economists warn these cuts, totaling billions, could severely hamper long-term economic growth. While some argue the private sector should fund basic research, many believe the government's role is irreplaceable. ...