This article was published more than 5 years agoCommentGift SharePresident Trump on Thursday imposed tariffs on imported steel and aluminum but offered relief to some U.S. allies, as the president bucked his party allies to pursue his long-held goal of rewriting what he views as rigged rules of international trade.The tariffs, set to take effect in 15 days, mark Trump’s broadest step yet to favor U.S. industries over their foreign competitors, but they stop short of his earlier plan to impose sweeping tariffs that would have hit U.S. allies and rivals alike. The tariffs contain an...…This article was published more than 5 years agoCommentGift SharePresident Trump on Thursday imposed tariffs on imported steel and aluminum but offered relief to some U.S. allies, as the president bucked his party allies to pursue his long-held goal of rewriting what he views as rigged rules of international trade.The tariffs, set to take effect in 15 days, mark Trump’s broadest step yet to favor U.S. industries over their foreign competitors, but they stop short of his earlier plan to impose sweeping tariffs that would have hit U.S. allies and rivals alike. The tariffs contain an...WW…

This article was published more than 2 years agoCommentGift ShareThe United States is facing a political and economic challenge like nothing it has seen in nearly 100 years.Mass unemployment on a scale not seen since the Great Depression has erased the economic gains of the past decade and now threatens to linger for years, fueling social discord and shaking an already polarized political system.Almost overnight, it seems, the U.S. economy, which just two months ago boasted abundant jobs and soaring stock values, has become a shambles. Not since the government began collecting official...…This article was published more than 2 years agoCommentGift ShareThe United States is facing a political and economic challenge like nothing it has seen in nearly 100 years.Mass unemployment on a scale not seen since the Great Depression has erased the economic gains of the past decade and now threatens to linger for years, fueling social discord and shaking an already polarized political system.Almost overnight, it seems, the U.S. economy, which just two months ago boasted abundant jobs and soaring stock values, has become a shambles. Not since the government began collecting official...WW…

This article was published more than 2 years agoCommentGift ShareLEESBURG, Va. — Tucked into a suburban shopping center about two miles from a Civil War battlefield, this Tractor Supply Co. outlet has become a rare hot spot in an economy that has gone ice cold.Since the first days of the coronavirus pandemic, the retailer for farmers, ranchers and suburbanites who fancy themselves farmers or ranchers has enjoyed what its chief executive calls an “unprecedented” sales surge. Fencing, bird feed, plumbing supplies, pet food, outdoor apparel, live chickens, lawn tractors — just about...…This article was published more than 2 years agoCommentGift ShareLEESBURG, Va. — Tucked into a suburban shopping center about two miles from a Civil War battlefield, this Tractor Supply Co. outlet has become a rare hot spot in an economy that has gone ice cold.Since the first days of the coronavirus pandemic, the retailer for farmers, ranchers and suburbanites who fancy themselves farmers or ranchers has enjoyed what its chief executive calls an “unprecedented” sales surge. Fencing, bird feed, plumbing supplies, pet food, outdoor apparel, live chickens, lawn tractors — just about...WW…

This article was published more than 1 year agoCommentGift ShareThroughout last year’s campaign, President Donald Trump issued a series of increasingly dark predictions about what would happen if were elected.“If he gets in, you will have a depression the likes of which you’ve never seen. Your 401(k)s will go to hell and it’ll be a very, very sad day for this country,” Trump said in the Oct. 22 candidate debate.Instead, the rebounding economy is headed for its best year since 1984, according to the International Monetary Fund. The U.S. economy likely expanded in the first quarter at an...…This article was published more than 1 year agoCommentGift ShareThroughout last year’s campaign, President Donald Trump issued a series of increasingly dark predictions about what would happen if were elected.“If he gets in, you will have a depression the likes of which you’ve never seen. Your 401(k)s will go to hell and it’ll be a very, very sad day for this country,” Trump said in the Oct. 22 candidate debate.Instead, the rebounding economy is headed for its best year since 1984, according to the International Monetary Fund. The U.S. economy likely expanded in the first quarter at an...WW…

This article was published more than 1 year agoCommentGift ShareLEESPORT, Pa. — Charles Bernard is paying hundreds of thousands of dollars each year in tariffs on imported steel. But as the Biden administration weighs the fate of the three-year-old import taxes imposed by President Donald Trump, Bernard, the president of Eagle Metals, is in no hurry to see them removed.Eliminating the tariffs would help his bottom line while exposing the U.S. steel industry to savage competition from cheap foreign metal. State-backed mills in China are flooding the global market with so much subsidized...…This article was published more than 1 year agoCommentGift ShareLEESPORT, Pa. — Charles Bernard is paying hundreds of thousands of dollars each year in tariffs on imported steel. But as the Biden administration weighs the fate of the three-year-old import taxes imposed by President Donald Trump, Bernard, the president of Eagle Metals, is in no hurry to see them removed.Eliminating the tariffs would help his bottom line while exposing the U.S. steel industry to savage competition from cheap foreign metal. State-backed mills in China are flooding the global market with so much subsidized...WW…

This article was published more than 1 year agoCommentGift ShareThe robust U.S. economic recovery this year is expected to be good news for factory workers, freight handlers and farmers.Factory workers in China. in the Netherlands. And farmers in Germany.Amid steady progress with coronavirus vaccinations, the U.S. economy is gathering so much steam that its gains will not stay at home. Demand for goods and services this year is expected to spill well beyond U.S. borders, making the United States the largest single contributor to global growth for the first time since 2005, according to...…This article was published more than 1 year agoCommentGift ShareThe robust U.S. economic recovery this year is expected to be good news for factory workers, freight handlers and farmers.Factory workers in China. in the Netherlands. And farmers in Germany.Amid steady progress with coronavirus vaccinations, the U.S. economy is gathering so much steam that its gains will not stay at home. Demand for goods and services this year is expected to spill well beyond U.S. borders, making the United States the largest single contributor to global growth for the first time since 2005, according to...WW…

This article was published more than 2 years agoCommentGift ShareSemiconductor executive Tom Caulfield knew a crisis was brewing when he started getting frantic calls from big automakers just before Christmas.“Tom, you’re killing me. You need to make more,” Caulfield, the chief executive of chipmaker GlobalFoundries, recalls the auto executives saying. “Ford, Volkswagen, BMW, Daimler-Benz, Fiat Chrysler, GM — every one of them became my new best friends.”The Santa Clara, Calif.-headquartered company did its best to ramp up production for car manufacturers at its three big factories in...…This article was published more than 2 years agoCommentGift ShareSemiconductor executive Tom Caulfield knew a crisis was brewing when he started getting frantic calls from big automakers just before Christmas.“Tom, you’re killing me. You need to make more,” Caulfield, the chief executive of chipmaker GlobalFoundries, recalls the auto executives saying. “Ford, Volkswagen, BMW, Daimler-Benz, Fiat Chrysler, GM — every one of them became my new best friends.”The Santa Clara, Calif.-headquartered company did its best to ramp up production for car manufacturers at its three big factories in...WW…

This article was published more than 2 years agoCommentGift ShareLeading Republicans are demanding that China be made to pay financially for what they allege was a coverup of the lethal coronavirus outbreak that ultimately brought the U.S. economy to a near halt, erasing more than 26 million American jobs and costing the federal government trillions of dollars in emergency spending.Key lawmakers want President Trump to cancel the $1 trillion-plus U.S. debt to China and to push companies to relocate their medical product supply chains to the United States. Missouri’s Republican attorney...…This article was published more than 2 years agoCommentGift ShareLeading Republicans are demanding that China be made to pay financially for what they allege was a coverup of the lethal coronavirus outbreak that ultimately brought the U.S. economy to a near halt, erasing more than 26 million American jobs and costing the federal government trillions of dollars in emergency spending.Key lawmakers want President Trump to cancel the $1 trillion-plus U.S. debt to China and to push companies to relocate their medical product supply chains to the United States. Missouri’s Republican attorney...WW…

This article was published more than 2 years agoCommentGift SharePaul De Santis and Jodie Helms both say the economy looks different than it did just a few weeks ago.De Santis, 47, a Democrat in Freeland, Md., who called the economy “poor” this fall, is now upbeat, while Helms, 40, a Republican in Ballinger, Tex., fears the end of what she recently saw as “excellent” conditions.The economy, which continues its slow healing from the pandemic recession, actually isn’t all that different than it was in the fall. But there has been a change in what increasingly determines opinions about...…This article was published more than 2 years agoCommentGift SharePaul De Santis and Jodie Helms both say the economy looks different than it did just a few weeks ago.De Santis, 47, a Democrat in Freeland, Md., who called the economy “poor” this fall, is now upbeat, while Helms, 40, a Republican in Ballinger, Tex., fears the end of what she recently saw as “excellent” conditions.The economy, which continues its slow healing from the pandemic recession, actually isn’t all that different than it was in the fall. But there has been a change in what increasingly determines opinions about...WW…