As promised, the Trump administration has launched a trade war with China. The markets are going down as tariffs are going up. These opening salvos could have drastic implications for both the U.S. and Chinese economies. That makes understanding how trade affects U.S. workers all the more important. My research […] Read more »
Americans on Trade and Market Volatility
President Donald Trump’s decision this week to impose tariffs on $50 billion worth of Chinese imports resulted in retaliatory tariffs on an equivalent amount of U.S. goods and raised fears of a trade war between the two countries. These fears triggered volatility in the U.S. stock market, with the Dow […] Read more »
Consumer sentiment: Record current finances clouded by trade uncertainties
The Consumer Sentiment Index reached the highest level since 2004, and the Current Conditions Index set a new peak, dating back to the mid-1940s, according to the University of Michigan Surveys of Consumers. Importantly, all of the March gain was among households with incomes in the bottom third; those in […] Read more »
Trump’s approval rating dips amid opposition to tariffs and little change from tax cuts, CNBC survey says
While nearly all financial indicators of American economic optimism have surged to post-recession highs, President Donald Trump’s approval rating has dipped amid opposition to his tariffs and little effect seen so far from the tax cuts. CONT. Steve Liesman, CNBC Trump’s approval rating stable yet low: CNBC survey from CNBC. Read more »
Americans have concerns about new steel and aluminum tariffs
More Americans overall disapprove than approve of President Donald Trump’s import tariffs on steel and aluminum, but Republicans back the president, and they believe the U.S. would come out ahead if a trade war were to ensue. CONT. CBS News Read more »
Somebody should tell Democrats they’ve become the free trade party
Nothing better illustrates the Democratic Party’s inability to adapt to the changing nature of its political coalition than the party’s paralysis in the fierce debate over President Donald Trump’s sweeping new tariffs on imported steel and aluminum. While the tariffs Trump announced last week have ignited fierce blowback from a […] Read more »