Schumer: US Tariffs Are a Trade War, Cost Families $2,400
Senate Minority Leader Chuck Schumer warns US tariffs are a trade war on Americans, adding $2,400 per family in annual costs and dragging down business investment.
Business
Insights on global markets, startups, tech giants, and economic trends shaping the G20 and beyond.
PIIE Expert Calls US Tariffs “Ridiculous,” Predicts Consumer Price Jolt
Gary Hufbauer of PIIE slams US tariffs as “completely ridiculous,” forecasting tariff-driven inflation to show in the CPI by October or November, tightening budgets for everyday Americans.
Zhaxigang’s Rise: From Mountain Hamlet to Tourism Success
Zhaxigang village in Nyingchi, Xizang Autonomous Region, transformed from poverty to a sustainable tourism hub, showcasing rural revitalization through culture and nature.
US Tariffs Backfire on GM and Stellantis with Billions in Losses
Major US automakers GM and Stellantis report billions in tariff-related losses as Citibank warns of further margin squeezes.
New Tariffs Could Cost U.S. More Than Other Economies, Report Finds
Revised U.S. tariffs could trim 0.36% off GDP—about $108B—outpacing hits to the Chinese mainland, EU or Japan. Explore modeling and forecasts.
Chinese Mainland Charts H2 2025 Economic Goals After Solid H1 Growth
The Chinese mainland’s economy kicked off 2025 with robust manufacturing, high-tech and consumer gains. Here’s what’s on the agenda for H2 2025.
EU’s New US Tariff Deal: Slim Gains, Big Risks for Germany
Economist Sergi Basco warns the EU’s new US tariff deal offers minimal gains – Germany faces steep losses, Spain’s auto sector feels the pinch as member states prepare to vote.
Trump’s Drug Tariffs: Price Cuts or Pipeline Risks?
U.S. President Trump’s threatened pharma tariffs have spurred over $250 billion in planned U.S. investments—but experts warn higher domestic costs and global supply chains may keep prices high.
Global Policy Push: New Measures to Ease Corporate Profit Pressures
Governments and central banks roll out measures—from tax cuts to digital grants—to ease downward pressure on corporate profits and fuel business growth worldwide.
U.S. Tariffs Hit 18.3%—Highest Since 1934, Yale Study Warns
Yale Budget Lab finds U.S. tariffs at 18.3%, highest since 1934, cutting GDP growth and hiking consumer costs by $2,400.