Tag Archives: tariffs

It’s Taxation Without Representation

Financial FAQs “Oh, and as for all these tariffs: Whatever you think of them (and I am not a blanket opponent), they are taxes. They are sales taxes. Where in my copy of the United States Constitution does it say … Continue reading

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Who Benefits From America’s IOUs?

Financial FAQs WASHINGTON (AP) — The U.S. government’s gross national debt has surpassed $37 trillion, a record number that highlights the accelerating debt on America’s balance sheet and increased cost pressures on taxpayers. AP FREDdebtGDP Trump and his Republicans’ trade war and … Continue reading

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Trade Wars = Stagflation

Popular Economics Weekly  “The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis in July, after rising 0.3 percent in June, the U.S. Bureau of Labor Statistics reported today. Over the last 12 … Continue reading

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Second Quarter Growth No Big Deal

Financial FAQs “Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2025 (April, May, and June), according to the advance estimate released by the U.S. Bureau of Economic Analysis. In the first … Continue reading

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The EU’s New Trade Deal

Popular Economics Weekly “This will hurt the world economy, with the burden falling mainly on lower-income Americans. The Yale Budget Lab estimates that Trump’s tariffs will leave the U.S. economy 0.4 percent poorer in the long run, which is very … Continue reading

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The Japan Tariffs

Financial FAQs “It has been clear for a while that Trump and co. don’t understand or believe in balance of payments accounting, that they want both a smaller trade deficit and more foreign investment in America. Now their basic lack … Continue reading

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Inflation Week is Here

Financial FAQs “The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent on a seasonally adjusted basis in June, after rising 0.1 percent in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, … Continue reading

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Consumers Aren’t Buying It

Popular Economics Weekly Photo: Emma Da Silva/Getty Images MarketWatch “Total U.S. consumer credit growth slowed to a $5.1 billion gain in May, down from a $16.9 billion rise in the prior month, the Federal Reserve said Tuesday.  That translates to a … Continue reading

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No Art of the Trade Deal

Financial FAQs “The point is that Trump doesn’t feel bound by trade deals America has made in the past. Why should anyone expect him to honor any new deals he makes, or claims to make, now? Huffington Post “Obviously this … Continue reading

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U.S. Already in Recession?

Financial FAQs The Conference Board Leading Economic Index® (LEI) for the US ticked down by 0.1% in May 2025 to 99.0 (2016=100), after declining by 1.4% in April (revised downward from –1.0% originally reported). The LEI has fallen by 2.7% in … Continue reading

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