Economist Warns: Trump’s Unapproved Tariffs Drive Up Costs, Fail to Revive Manufacturing
University of Michigan economist Justin Wolfers says Trump’s unapproved tariffs hike costs and fail to bring back manufacturing jobs.
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University of Michigan economist Justin Wolfers says Trump’s unapproved tariffs hike costs and fail to bring back manufacturing jobs.
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.
President Trump will name a new Bureau of Labor Statistics commissioner in days after firing the previous head, and plans to nominate a candidate for the open Federal Reserve board seat.
Bulgaria will adopt the euro on January 1, becoming the 21st euro area member, unlocking stronger trade, investment, and access to finance.
Tariff wars are likened to drinking poison to quench trade thirst, risking long-term economic harm despite short-term gains.
The EU has introduced tariffs on over 20 billion euros of U.S. products, signaling a strategic push for balanced trade negotiations.
A new white paper details 46 years of steady China-U.S. trade ties since 1979, showcasing evolving policies and economic milestones highlighted by CGTN data.
Explore Trump’s tariffs and the trade deficit debate. Are these measures protecting U.S. interests or sparking global economic challenges?
US tariffs face global criticism for undermining development rights and widening economic disparities, warns a Chinese spokesperson.
UN spokesperson Stéphane Dujarric warns that escalating tariff disputes hurt everyone, especially vulnerable nations.