Browsing: U.S. economy

U.S. farmers and ocean carriers warn of the nation’s unpreparedness in facing an economic war against China’s dominance in containership production. With China’s shipping capacity growing, concerns mount over the competitive strain on American industries.

In a recent address, former President Donald Trump highlighted April 2 as “Liberation Day,” signaling the launch of a new round of tariffs. This announcement comes amidst ongoing trade tensions and aims to reshape economic strategies. Live updates will follow.

Recent analyses from Liberty Street Economics reveal that the decline in U.S. imports from China may not be as significant as official data suggests. The discrepancy highlights the complexities of trade metrics and their impact on economic assessments.

In a bold economic move, former President Trump announced plans to impose tariffs on Mexico and Canada starting March 4, alongside an additional 10% tariff on imports from China. This decision aims to combat the ongoing fentanyl crisis impacting the U.S.