Truthout
Economy
Politically Connected Firms Benefit From Trump Tariff Exemptions
A lack of transparency has experts concerned that some firms might be winning narrow carve-outs behind closed doors.
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.
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.
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.
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.
Trump’s Economic Agenda Could Push the Housing Crisis Over the Edge
Organizers say desperate tenants are being pushed to the brink of revolt as Trump slashes assistance.