Costco Says Trump’s China Tariffs Are Increasing Prices on These Products

Costco’s famously low prices are the latest casualties of president Donald Trump’s trade war between the U.S. and China. “At the end of the day, prices will go up on things,” the wholesale retailer’s chief financial officer Richard Galanti told investors, during an earnings call last week. Costco shoppers can expect to spend more on […]

These Are the U.S. Goods Affected by China Tariffs

Three days after President Donald Trump announced an increase in tariffs on Chinese goods, China is retaliating. It announced Monday that it will increase tariffs on a range of U.S. goods on June 1. The announcement closely followed a series of taunting tweets from Trump. “Their [sic] is no reason for the U.S. Consumer to […]

How Trump’s China Tariffs Could Hurt American Consumers

And with a tweet, a U.S.-China trade war could become a reality. On Sunday, President Donald Trump declared on Twitter that the tariffs already imposed on Chinese goods “are partially responsible for our great economic results” and announced that they would increase from 10% to 25% on Friday. “The Tariffs paid to the USA have […]

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 […]