Truthout
Economy
A Majority of Americans Want Congress to Block Trump’s Tariffs — Poll
A bipartisan bill to put a congressional “check” on Trump's tariff powers faces steep odds of passage.
The Poor Are Taking Power Back Into Their Own Hands in a “Survival Revival”
Organizers are weaving the often-siloed survival struggles of the poor into a more unified force.
Wealthy Could Dodge $30M in Taxes Every Day Under Trump-Musk Plan to Gut IRS
If the IRS cuts 50,000 employees, the agency’s diminished capacity would result in a loss of $395 billion over 10 years.
Bernie Sanders Demands a $17 Minimum Wage as Trump’s Tariffs Embarrass GOP
Hungry for an economic populism that challenges Trump, Democrats line up behind Sanders’s latest minimum wage push.
Trump’s Tariffs Buck the Global Neoliberal Order — But Still Serve the 1 Percent
Trump’s tariffs threaten to widen inequality in the US, making the rich richer and impoverishing the working class.
As US Airlines Outsource Plane Repairs, Private Equity Is Moving In
Some warn that private equity’s cost-cutting playbook could be particularly dangerous in the aviation industry.
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.