U.S. Tariff Deal with Mexico, Canada Is Also About Cutting Off China’s Steel

The U.S. has reached an agreement to drop steel and aluminum tariffs on the two countries in return for preventing Chinese steel from coming over their borders into the U.S. In a speech before the National Association of Realtors, President Trump said, “I’m pleased to announce that we’ve just reached an agreement with Canada and […]

Trump Tariffs Shedding $1.4 Billion a Month in Consumer Income, Study Says

President Donald Trump has used tariffs as a negotiating tactic with international governments. But those tariffs might be hurting U.S. consumers more than anyone else, according to a new study. The tariffs and Trump’s broader trade policies with foreign governments reduced U.S. consumers’ monthly income by $1.4 billion by November 2018, according to a study […]

America’s Farmers Face Challenging Times. Loan Delinquencies Hit a Nine-Year High

Farm loan delinquencies are at a nine-year high due to declining crop prices and tariffs, according to the Associated Press. Farm Service Agency loans (aka FSA loans). FSA loans are issued by the U.S. Department of Agriculture (USDA) when borrowers do not qualify with commercial financial lending institutions, and many of those government-backed loans come […]