US manufacturing
Economist Gita Gopinath's Analysis Reveals Trump Tariffs Delivering Negative Results for US Economy
Oct 08, 2025 10:51 am CST
Former IMF Chief Economist Gita Gopinath has conducted a six-month assessment of President Trump's controversial tariff policies, concluding they have primarily functioned as a tax on American businesses and consumers while failing to improve manufacturing or trade balance. Her analysis reveals these protective measures have increased inflation in certain sectors without delivering the promised economic benefits, adding expert validation to growing concerns about the administration's aggressive trade approach.
Trump Administration Plans Chip-Based Tariff System on Imported Electronics to Boost US Manufacturing
Sep 27, 2025 02:00 pm CST
The Trump administration is developing a novel tariff strategy that would tax imported electronic devices based on their semiconductor chip content, aiming to incentivize domestic manufacturing. This previously unreported plan would affect products ranging from toothbrushes to laptops, potentially impacting consumer prices while advancing the administration's goal of reducing dependence on foreign-made semiconductor products critical to national and economic security.
Trump's 100% Pharmaceutical Tariffs Face EU Resistance Citing Trade Deal Immunity
Sep 26, 2025 08:44 pm CST
President Trump has announced steep new tariffs on pharmaceuticals and other imported goods, with the EU claiming immunity under a previous trade agreement. The measures include a 100% tariff on pharmaceutical products, 25% on heavy trucks, and significant tariffs on furniture and kitchen products. These protectionist policies aim to rebuild US manufacturing but have sparked concerns about inflation and supply chain disruptions among international allies and trading partners.