Many United States businesses involved in global trade are experiencing a sea of change and a sea change. The President Donald Trump administration doubled down on tariffs with its reinstated Section 232 measures, slapping 25% duties on steel imports and eliminating country exemptions while introducing...
Workers are willing to accept a lower wage for a new job amid a decline in several metrics for the labor market. “The average reservation wage — the lowest wage respondents would be willing to accept for a new job — dropped sharply to $74,236...
It might seem like a good time to take a vacation. With the news full of geopolitical tension, trade finance drama, shifting regulations and the fresh memory of a disruptive global health crisis, uncertainty has become the norm rather than the exception. But for most...
“Panic buying” in the U.S. could create an “artificially high” level of economic activity. That’s according to Federal Reserve Bank of Chicago President Austan Goolsbee, who discussed the uptick in purchasing by businesses and consumers in response to new tariffs Sunday (April 20) in an...
A wave of new economic surveys and projections this week will illustrate the impact of America’s tariff campaign. As Bloomberg News reports, these include a forecast from the International Monetary Fund (IMF) — expected Tuesday (April 22) — which will lower the group’s outlook for...
The number of initial claims for unemployment insurance in the U.S. fell by 9,000 during the week ended Saturday (April 12), signaling a stable labor market. The number of jobless claims dropped to 215,000, down from the previous week’s revised level of 224,000, the Department...
While Americans are worried about the economy, it hasn’t kept them from spending. As The Wall Street Journal (WSJ) reported Tuesday (April 15), Bank of America’s latest earnings report showed consumer spending increasing when tariff worries first appeared. This followed last week’s JPMorgan Chase earnings,...
J.P. Morgan Chase CEO Jamie Dimon said the President Donald Trump administration should quickly initiate negotiations with China and United States allies to end the uncertainty around tariffs. The uncertainty is making people unsure they can “rely on America,” Dimon said, in an interview with...
Chinese exporters are struggling in the face of steep new U.S. tariffs, Reuters reported Tuesday (April 15) based on interviews at the Canton Fair, China’s largest trade expo. Candice Li, marketing manager for medical device firm Conmo Electronic, said in the report that U.S. orders...