Money, Wealth & Power—A Daily Look at the Financial World
Tariffs were sold as a way to make foreign producers pay, but the latest Federal Reserve survey shows the bill is increasingly landing in American checkout lines. From groceries to machinery, higher import duties are quietly being folded into prices, turning trade policy into a stealth tax on shoppers. The shift is subtle, but it…
President Donald Trump is again dangling the prospect of direct cash from his trade agenda, telling Americans that $2,000 “tariff dividend” checks could start arriving around the middle of 2026. The idea, pitched as a way to share tariff revenue with households, has energized some voters who remember earlier pandemic-era relief, but it is colliding…
President Donald Trump promised that an aggressive tariff campaign would shrink the United States trade gap with China and restore leverage over its biggest rival. Instead, the country he targeted most has just posted the largest trade surplus in modern history, while American consumers and manufacturers shoulder what analysts describe as the biggest tax increase…
International travel to the United States is slipping just as global tourism is rebounding, and the numbers are no longer easy to dismiss as a blip. A projected 6.3 percent fall in inbound visitors next year points to a structural problem, not a seasonal lull, with higher costs and tougher politics combining to push travelers…
The Supreme Court’s looming decision on President Donald Trump’s emergency tariffs has already reshaped the rules for importers, with a new, hard deadline for refund claims and a rapid shift to digital processing. Instead of waiting for the justices to rule, trade officials have locked in a timetable that could determine who recovers billions in…
The White House is celebrating a rare piece of good news on trade, with the U.S. deficit falling to its lowest level in 17 years just as President Donald Trump’s aggressive tariff regime delivers record revenue. Yet the victory lap comes with a caveat: the same policy the president hails as proof of “American Trade…
President Trump’s new wave of tariffs is no longer an abstract policy fight, it is already reshaping prices, investment decisions and financial markets in ways that point to slower growth ahead. Early data on trade flows, corporate balance sheets and Wall Street’s reaction shows an economy starting to bend under the weight of higher import…
The U.S. cattle business just absorbed a brutal one‑two punch: a sudden tariff reversal that stripped roughly $100 of value from every finished steer at the very moment the national herd has fallen to a 64-Year low. Prices that had looked like a rare bright spot for ranchers collapsed in a matter of days, even…
Tariff revenue from President Donald Trump’s trade war is shrinking just as investors are starting to believe the worst macroeconomic damage may be behind them. Markets that once sold off on every escalation are now rallying on signs that the policy’s bite is fading faster than its bark. The shift says as much about Wall…
President Donald Trump is betting that sweeping new tariffs can revive U.S. manufacturing, shrink the trade deficit, and even tame inflation, all without inflicting serious damage on growth. A growing body of analysis suggests that is a very optimistic read of how trade taxes work in the real world. Instead of delivering a clean win,…