For much of his first term in office, Donald Trump presided over a relatively strong U.S. economy. From President Trump’s inauguration in January 2017 until February 2020, the month before the onset of the…
Donald Trump was elected to office on a platform centered in part on protectionist taxes of imported goods. Still, when the full suite of tariffs were unveiled from the White House Rose Garden on…
President Donald Trump, upon entering his second term in office, established the Department of Government Efficiency (DOGE) with a purported goal of cutting waste and reducing the federal deficit. But as DOGE goes after…
More so than perhaps every other wealthy, highly developed country, the United States stands out on the world stage for its high level of income inequality. According to data from the Congressional Budget Office,…
With world markets reeling from the impact of President Trump’s sweeping trade tariffs, one unlikely country is quietly celebrating: Mexico. Given the acrimonious relationship between Trump and Mexico over issues of undocumented immigration and…
President Trump announced sweeping tariffs on the afternoon of Wednesday, April 2, 2025. Although the world was expecting his announcement on tariffs, many economists expressed surprise at the minimum 10% tax on nearly all…
We’ve heard the term “stagflation” arise again in recent months, with tariffs threatening to add a bit of heat to inflation as it cools down the economy. Undoubtedly, it’s not all too often that…
The Organization of the Petroleum Exporting Countries (OPEC) recently announced that it wanted to increase its oil supply. But will it be enough to lower gas prices? Why would an increase in oil supply…
On March 12, 2025, President Trump announced 25% tariffs on all steel and aluminum imports entering the United States. But what will the impact of these broad tariffs be? Will they help or harm…
Among wealthy, highly developed nations, the United States stands out for its high level of income inequality. According to the latest available data from the World Bank, income inequality is about seven to nine…
Goldman Sachs is pessimistic about the prospects for gross domestic product growth in 2025. It expects tariffs to hamper the economy, likely causing a recession.
Income inequality has been on the rise in the United States for decades. According to a recent study from the Peter G. Peterson Foundation, a fiscal policy advocacy group, average income among the highest…
Donald Trump has been threatening tariffs of various and ridiculous levels for months now, along with a slew of other economic threats and government actions to convince other countries to do what he wants.…
If you’re feeling uneasy about the economy these days, you should know that you’re in good company. The University of Michigan’s consumer confidence survey for March posted a reading of 57.9, a 10.5% decline…
For much of the last decade and a half, the U.S. job market has steadily grown stronger. With the single exception of 2020, when much of the U.S. economy was shut down in an…
