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Posts Tagged: “supply chains“
Trump Extends Tariff Pause on Chinese Goods
On Monday President Trump signed an executive order that temporarily keeps additional duties on Chinese imports from snapping back into force, extending a 90-day tariff reprieve that would have expired just after midnight on August 12. The new directive, “Further Modifying Reciprocal Tariff Rates to Reflect Ongoing Discussions with the People’s Republic of China,” pushes […]
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ISM Services PMI Barely Hangs On to Expansion
The American services engine came more than one point under expectations but stayed in the green by the slimmest of margins last month, even as price pressures roared back to life and trade frictions deepened. The Institute for Supply Management’s Services Purchasing Managers’ Index (PMI) came in at 50.1 for July, just a whisker above […]
How Tariffs Erode Consumer Choice and Prosperity
Recent data shows the damaging effects of tariffs on the American economy. Protectionist policies make goods more expensive at home, but there’s another less-obvious consequence that also impoverishes Americans: reduced consumer choice.