Trump’s Massive Import Taxes Haven’t Done Much Economic Damage

Is Donald Trump doing the world a favour by isolating the United States?

United States President Donald Trump’s tariffs against most of the world tanked stock markets, disrupted the U.S. bond market and destabilized the global economy. Trump has economically and politically threatened American allies, shattering the unity of the western world. But Trump’s chaos may have inadvertently produced an opportunity to create a better world. Some western commentators argue that the U.S. has been a benevolent superpower. That …

Panic first, analyze never: Media flubs Trump’s economy

On April 2 — Liberation Day — Donald Trump did exactly what he had promised for over a year: He imposed a slate of reciprocal and punitive tariffs on America’s trading partners. The left and corporate left-wing media erupted in predictable fashion, and the stock market plummeted. Before a single tariff was announced, doomsayers in the press predicted economic collapse. CNN warned the economy was “flashing yellow lights,” and the BBC claimed Tru…

Tariff-Driven Dollar Woes Help Brighten First-Quarter Earnings

Tariffs unexpectedly devaluing the US dollar — and in turn boosting corporate earnings — was one of the few bright spots of the first-quarter earnings season in North America.

For months, U.S. consumers and businesses have heard that President Trump’s huge import taxes—tariffs—will raise prices and harm the U.S. economy. But recent economic reports do not reflect that pessimism: Inflation actually dropped last month, and recruitment remained solid in April. For now, disconnection makes it difficult for businesses and consumers to reconcile what they were told to expect, showing the figures and what they see in reality…

Import Tariff Economic Headwinds

If there is one thing about which we can be sure, it is that the high degree of import tariff policy uncertainty that has characterized the Trump 2.0 administration to date will not dissipate anytime soon. If there is also anything about which we can be confident, it is that at the end of the day, the import tariff level under Trump 2.0 will continue to be at its highest level since the 1930s. Contrary to what the buoyant stock market might be i…

Trump's massive import taxes haven't done much economic damage — yet

WASHINGTON — For months, American consumers and businesses have been hearing that President Trump’s massive import taxes – tariffs – would drive up prices and hurt the U.S. economy. But the latest economic reports don’t match the doom and gloom: Inflation actually eased last month, and hiring was solid in April. For now, the disconnect has businesses and consumers struggling to reconcile what they were told to expect, what the numbers say and wh…