Category
Economy
Markets, trade, employment, prices and economic policy.
Credibility summary
Of the 247 claims in Economy with evidence either way, 93% held up.
Showing 161-180 of 1595 claims
The stock market was doing great.
Ford said it plans to spend an extra $1 billion this year due to tariffs on imported aluminum, which is pretty essential if you're in the business of building cars.
Goodyear announced that it expects to lose $175 million to tariffs this year due to tariffs, and that it would cut 450 jobs to offset some of those costs.
Last year, the department purchased a fleet of six commercial jets, ostensibly to carry out deportation flights, at a cost of $140 million.
The Department of Homeland Security (DHS) is "leasing the plane but is in the process of acquiring it for approximately $70 million," the Journal reports, citing people familiar with the plane.
Because of shifting international demand, Malaysian farmers say they have been left with an excess of what fruit, famous for its intense smell and rich taste?
We also have swag at the NYT Store.
A private equity roll-up made…
Rep. Don Bacon wrote on X that tariffs are a tax on American consumers.
The Homeland Security secretary, Kristi Noem, awarded $10,000 bonuses to some T.S.A. officials after the shutdown ended for going “above and beyond.”
An explosion at a U.S. Steel plant in Clairton, Pa., on Monday killed at least one person and injured dozens more, with some still trapped under rubble, the authorities said.
The Clairton Plant operates ten coke oven batteries and produces approximately 4.3 million tons of coke annually, according to U.S. Steel’s website.
Fewer imports will eventually mean fewer goods on store shelves.
Tariffs are taxes paid by U.S. importers that will result in higher prices for U.S. consumers, less hiring, lower business investment and a slower economy.
This, in turn, will certainly lead to a downturn in trade volumes by late September because inventories for the holiday season will already be in hand.
Small businesses especially are grappling with the ability to stay in business.
Import cargo volume at the nation’s major container ports is tentatively expected to end 2025 5.6% below 2024’s volume.
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Recently analyzed in Economy
While some price increases stemmed from tariffs on imports, other factors like housing and food costs played a larger role.
June inflation hit its highest level since February, fueled by Trump's tariffs increasing prices on various goods.
Prices are now starting to rise because of tariffs.
The risk is that investors begin to doubt that the United States will pay back its debts and start demanding higher interest rates, stunting borrowing across the economy.
The New York Times
The country is still on track to borrow what economists consider an alarming amount of money in the coming years.
The New York Times