Truthout
Economy
Trump Pushes Tariffs by Claiming Prices Are Down and “NO INFLATION” Will Happen
An analysis of Trump's tariffs shows they will cost the typical US family around $3,800 in extra spending per year.
Trump’s Tariffs Are a Ploy to Further Consolidate Power, Says Sen. Chris Murphy
Trump is using tariffs “to try to compel pledges of loyalty” from companies and industries in the US, Murphy says.
Democrats Sound Alarm Over Mass Layoffs Linked to Trump’s Tariffs
Stellantis announced temporary layoffs for 900 workers, citing conditions created by Trump's tariffs.
JPMorgan Ups Odds of Global Recession to 60 Percent Following Trump Tariffs
The stock market had some of its worst days since COVID wrecked the global economy in 2020.
GOP’s Plan to Give Tax Breaks to the Rich Is Now Projected to Cost $7 Trillion
The GOP has come under fire for using an accounting trick to claim the proposed tax cuts would have no budgetary impact.
Trump’s Trade War Is Desperate Ploy as US Empire Declines, Says Richard Wolff
Trump’s global tariff plan will have grave economic effects on US consumers and lead to a recession, the economist says.
Biden’s Rural Broadband Program May Become Casualty of Trump’s Anti-DEI Campaign
Funds for the program could be diverted to Elon Musk's satellite internet company, Starlink.
Investors From China Are Secretly Buying Stakes in Elon Musk’s SpaceX
The military contractor allows such investment through secrecy hubs like the Cayman Islands, court records say.
Puerto Rico Protests Against Higher Ed Cuts Follow Long Fight Against Austerity
The university showdown is the latest chapter in a decades-long struggle against austerity on the archipelago.
Trump and DOGE’s Attacks on CFPB Will Help Financial Industry Prey on Consumers
The Consumer Financial Protection Bureau is meant to protect us from predatory finance. That’s why Trump wants it gone.