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How has the United States harnessed the power of Wall Street, Silicon Valley, and Big Oil against America’s enemies and allies?The US government is escalating economic wars against Russia, China, and Iran. But also Canada and Mexico — using tariffs and trade. But could these efforts backfire?
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In some tight midterm races, how farmers frustrated with the war and rising costs vote could make a difference.
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The Supreme Court struck down President Trump's signature tariffs. But the president has other tariff tools, and consumers shouldn't expect cheaper prices anytime soon, economists say.
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Inflation, rising food prices and the high cost of living have been top of mind for consumers all year. But then Olive Garden offers an unlimited pasta meal, or a chain steakhouse restaurant sells a steak dinner with two sides for less than 30 bucks. So, how are chains able to keep prices as low as they do in this economy?
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Wholesale prices for a turkey have jumped 40% from a year ago.
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The world's largest retailer — like many others — has been absorbing most of the increased costs, but raising prices of some goods.
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President Trump's new tariffs are pouring in. But it's still only a fraction of overall government revenues — and falls short of new spending in the recent Republican megabill.
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The White House said that starting just after midnight that goods from more than 60 countries and the European Union would face tariff rates of 10% or higher.
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President Trump, who has insisted Aug. 1 is a firm deadline for countries around the world, said that "the complexities of a Deal with Mexico are somewhat different from other Nations."
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A car made in Texas might include engines from Saltillo and wiring systems from Chihuahua. Blueberries grown in Michoacán are processed in McAllen. Cattle raised in Coahuila are slaughtered and packed in Laredo.