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...

After India’s Tariffs Eased, Washington State Apple Exports Improved

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

When India implemented a 20% tariff on top of an existing 50% tariff on U.S. apples in June 2019, Brian Norwood saw a major drop in the exportation of Washington state apples to India. Before the additional tariffs were enacted, Brian Norwood, export sales manager for...

U.S. Trade Deficit Widens More Than Expected

by D Escamillafuentes | Mar 20, 2024 | Economy, Featured, International Trade

The U.S. trade deficit for the month of January surprised economists by increasing more than expected in a sign that the economy continues to be strong. The trade deficit in goods and services rose by $3.3 billion or 5.1%, to $67.4 billion in January, according to...