The Trade Deficit Closed Slightly—But Imports Remained Strong Ahead of Tariffs

by paige.oamek | Apr 11, 2025 | Economy, International Trade

One day after President Trump’s tariff announcements sent markets tumbling, international trade data reflected an economy grappling with uncertainty, as companies struggled to predict what might come next. The trade deficit declined 6.1% to $122.7 billion in February,...

Could Trump’s Tariffs Slow AI Growth?

by paige.oamek | Apr 7, 2025 | Economy, Featured, International Trade, Newest

President Donald Trump says he wants the United States to lead the world in artificial intelligence. But the president’s tariffs on raw data center materials could cause American AI to fall behind.  The rapid growth in the AI industry has brought with it a data center...

Powell states that reciprocal tariffs’ effect will cause high inflation and slow growth, revising previous stance

by Sami Marshak | Apr 7, 2025 | Economy, Featured, International Trade, Newest

President Donald Trump’s higher-than-expected tariffs will raise inflation and reduce economic growth, the chairman of the Federal Reserve warned Friday, in his first public remarks since Trump’s “Liberation Day” announcements.   That assessment from Chair...

Trump’s tariffs on pharma mean that generics and small biotech companies get the short end of the stick

by Sami Marshak | Apr 1, 2025 | Economy, Featured, International Trade, Manufacturing, Newest

Donald Trump’s pharmaceutical tariffs  have upended the plans for Kenneth Moch, president of Euclidean Life Science Advisors, who is now facing roadblocks in further developing his four early-stage life science companies.  Investor skittishness is making it harder to...

As US Businesses Brace for Trump, Trade Deficit Sees Its Biggest Widening on Record

by paige.oamek | Feb 9, 2025 | Featured, International Trade, Newest

The US trade deficit widened in December as businesses tried to get ahead of President Donald Trump’s threatened tariffs.  Wednesday’s data from the US Census Bureau and the US Bureau of Economic Analysis showed a trade deficit of $98.4 billion, up 17 percent over the...

Five Things to Watch for in April’s International Trade Report

by D Escamillafuentes | Apr 3, 2024 | Economy, International Trade

Economists surveyed by Bloomberg expect a modest shrinkage in the deficit, from February’s number of $67.4 billion to $67.28 billion for April’s report. The last two international trade reports have shown that U.S. consumer spending remains strong. In February, the...