Ziggy Duchnowski spent Saturday morning car shopping along Northern Boulevard in Queens with two goals in mind. He wanted to find a new small car for his wife, and he hoped to strike a deal before the new tariffs that President Trump is imposing on imported cars and trucks affect prices. “The word on the street is prices are going …
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Inflation Remained Sticky Ahead of Trump’s Escalating Trade War, PCE Data Shows
Americans hoping for some relief on inflation suffered a setback in February, as new data showed underlying price pressures intensifying even before the latest escalation in President Trump’s trade war and consumers pulled back on spending. The Personal Consumption Expenditures price index, after stripping out volatile food and energy items, climbed 2.8 percent in February from a year earlier, outpacing …
Read More »Trump’s Tariffs Leave Automakers With Tough, Expensive Choices
Automakers can respond to President Trump’s new 25 percent tariffs on imported cars and parts in several ways. But all of them cost money and will lead to higher car prices, analysts say. Manufacturers can try to move production from countries like Mexico to the United States. They can try to increase the number of cars they already make here. …
Read More »Trump’s Auto Tariffs Will Raise Car Prices, but Details Are Murky
There is no doubt the tariffs that President Trump said he would impose on imported cars, trucks and auto parts next week will raise prices by thousands of dollars for consumers. What is not clear is how soon those increases will kick in, how high they will go and which models will be affected the most. The tariffs — 25 …
Read More »US Exporters Vie to Shape Trump’s Reciprocal Tariffs Ahead of April 2
Ahead of President Trump’s next big trade move, his administration invited companies to weigh in on the economic barriers they faced abroad. The list of complaints was both sprawling and specific. In hundreds of letters submitted to the administration in recent weeks, producers of uranium, shrimp, T-shirts and steel highlighted the unfair trade treatment they faced, in hopes of bending …
Read More »Trump Says a Recession Would Be Worth It, but Economists Are Skeptical
Presidents usually do all they can to avoid recessions, so much so that they avoid even saying the word. But President Trump and his advisers in recent weeks have offered a very different message. Yes, a recession is possible, they have said. Maybe one wouldn’t even be that bad. Howard Lutnick, the commerce secretary, has said Mr. Trump’s policies are …
Read More »How Much Should Weight Loss Drugs Like Wegovy and Zepbound Cost?
It’s easy to make a medical case for blockbuster weight loss drugs like Wegovy and Zepbound, which have been shown to prevent heart attacks and strokes and save lives. But for the employers and government programs being asked to pay for the medications, the financial case for them is less clear. Are the drugs’ benefits worth their enormous cost? The …
Read More »U.S. Inflation Eased More Than Expected in February
Inflation eased more than expected in February, a welcome sign for the Federal Reserve as it grapples with the prospect of higher prices and slower growth as a result of President Trump’s trade war. The Consumer Price Index was up 2.8 percent from a year earlier, after rising another 0.2 percent on a monthly basis. That was a step down …
Read More »Who Likes Tariffs? Some U.S. Industries Are Eager for Them.
The United States buys more steel from Canada than from any other country, and those imports will become much more expensive under tariffs President Trump intends to impose this week. That’s good news to Stephen Capone, president of Capone Iron Corporation of Rowley, Mass., which makes steel stairs, handrails, gratings and other products and has around 100 employees. For too …
Read More »Trump’s Immigration Crackdown Could Disrupt St. Louis’s Growth Strategy
Early evidence is promising. In 2023, the region added 30,000 foreign-born residents, amounting to a 23.2 percent increase in the immigrant population, according to census data. (The New York City area added 88,000, only a 1.5 percent increase.) That was almost enough to offset the loss of 34,000 native-born residents. “We have no choice but to grow, and the way …
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