Economy2024

Wilbur Ross: Trump Poised to Implement Aggressive Tariff Strategies

2 months ago

Former Commerce Secretary Wilbur Ross has voiced strong sentiments regarding former President Donald Trump's potential return to tariff policies, asserting that Trump is "deadly serious" about bringing tariffs back as a tool for U.S. trade policy. Ross, who played a key role in shaping trade strategies during Trump's presidency, provided these insights during a recent interview where he discussed the implications of such tariffs on the U.S. economy and international trade relationships.

U.S. Inflation Gauge Shows Signs of Easing: Slowest Growth Since May

3 months ago

The latest data from the U.S. Commerce Department has revealed a significant cooling in inflation rates, marking the slowest increase since May. This news comes as a relief to both consumers and policymakers, raising optimism about the potential stabilization of the economy as we head into 2024.

The Growing Trade Tensions: Canada and US See Trade Surplus Narrowing Amid Trump's Critique

4 months ago

Recent economic data reveals that the trade surplus between Canada and the United States has experienced a significant narrowing, sparking renewed discussions about bilateral trade relations. This shift comes on the heels of former President Donald Trump's resurgence in political discourse, as he asserts that America is being “ripped off” in its trade agreements with Canada.

Understanding Trump's Trade War: Potential Tariff Scenarios Ahead

4 months ago

As the 2024 election cycle heats up, former President Donald Trump is once again putting trade policies at the forefront of his agenda. With a keen eye on reviving the strategies that defined his presidency, Trump aims to reintroduce tariffs and trade barriers aimed primarily at China, emphasizing an "America First" approach to economic policy. This potential return to a trade war raises significant questions about the future of U.S. trade relations and the broader implications for the global economy.