“Trump’s definition of ‘winning’ is hitting the American people with ever-higher taxes,” said economist Dean Baker. President Donald Trump on Thursday used emergency authority to impose high tariff rates on imports from dozens of American trading partners, including Canada—a move that economists criticized as a senseless approach to global trade that will further increase costs for consumers […]
Ford’s tariff troubles are notable because it “manufactures the most cars in the U.S. of any automaker,” and yet is still “being squeezed by new trade barriers imposed by the White House,” reported Bloomberg. American automaker Ford on Wednesday followed in the steps of General Motors in warning that U.S. President Donald Trump’s tariffs are going to […]
The effects of U.S. President Donald Trump’s tariffs are winding their way through the American economy, and a new piece of analysis claims that corporate America is using them as “cover” to further jack up prices. Progressive advocacy group Groundwork Collaborative issued a new report on Tuesday that uses corporate executives’ own words to show how many firms […]
“If a retailer as big as Walmart can’t escape the pain of tariffs, what chance does a small business have?” wrote the Senate Minority Leader Chuck Schumer. Democratic lawmakers and other voices are highlighting a Thursday announcement from Walmart that the world’s largest retailer will have to raise prices on some items in response to […]