As the tariff war heats up worldwide, the United States and some of its closest allies are jockeying for a competitive advantage. As President Trump looks to level the playing field between the US…
Who has the biggest economy in the world? As you might expect, various countries — the United States, China, and Germany — make up the top three spots. But would you believe that it’s…
The United States buys far more from foreign markets than it sells. According to the Observatory of Economic Complexity, the U.S. ran a $1.1 trillion trade deficit in 2023, importing over $3 trillion in…
President Donald Trump’s recently implemented tariffs represent a break from decades of economic precedent. In the years leading up to Trump’s first term in office, goods imported to the U.S. were taxed at an…
Many Americans believe there will be a recession in the next year. There are plenty of signs that say one is already underway.
During times of international conflict and economic tension, usually instigated by the United States, we hear our elected officials threaten the use of sanctions. But how exactly do they work, and how can people…
As the central bank of the United States, Federal Reserve is charged with maintaining price stability for American consumers. The Fed targets a 2% annual inflation rate, meaning a dollar will lose 2% of…
In any capitalist economy, some level of income inequality is to be expected — but when the gap between the rich and the poor becomes wide enough and persistent enough, negative effects can begin…
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…
