The Bureau of Economic Analysis (BEA) released their third estimate for the first quarter of 2025 real GDP which declined at an annual rate of 0.5%. Private fixed investment was strong but was outweighed by the negative impact of imports in anticipation of higher domestic tariffs. The price index for gross domestic purchases increased by 3.4%. READ MORE
Tariffs Incoming
The Trump Administration plans to increase tariffs on imported goods are going into effect. Tariffs of 25% on Canada and Mexico and 20% on China went into effect on March 4. The increased tariffs for Mexico were then delayed until April 2. READ MORE
Will Tariffs Work?
The second Trump administration plans to make tariffs an important part of US economic policy. There are multiple reasons for higher tariffs on foreign goods, as the Trump administration sees it. READ MORE