Wall Street’s Overblown Tariff Fears Not Based in Reality
Investors’ panic is misguided—history proves President Trump’s tariffs boost investment, jobs, and long-term American prosperity.
Rechenberg: Iowa Farms Have Suffered from Years of Free Trade Failures
Agriculture has long been a key part of Iowa’s economy. But the state is now facing escalating trouble, including the loss of more than 26,000 family farms since 1982.
Tariffs and Trade Have Little Impact on Inflation
The evidence is clear: neither tariffs nor the surge of imports from trade liberalization have had a significant effect on inflation, positive or negative.
New Federal Reserve Study Confirms Low Inflation Impact for Trump Tariff Proposals
The study confirms that even President Trump’s most substantial tariff increases have a minimal impact on inflation, leading to a small total cumulative price increase, likely spread out over several years.
Free Trade Agreements Have Damaged U.S. Agricultural Trade Performance
Decades of free trade agreements have led to a record $39 billion agricultural trade deficit in 2024, undermining the broader U.S. agricultural industry.
U.S. Faces Record Agricultural Imports, Worst Trade Deficit in History
The United States is now on pace to reach a $39 billion agricultural trade deficit in 2024 amid all-time record imports.
New Steel Trade Measures Needed as Import Issues Impact Additional Plants
The continued influx of ever cheaper steel imports, particularly steel rebar and steel wire rod, is posing a serious threat to U.S. steel producers.
JQI Dips Due to Declining Wages in Several Sectors as November Jobs Total Bounces Back from Low October Level
The November JQI fell substantially, decreasing by about 0.5%. One of the major reasons behind this decline is falling wages for Electrical equipment manufacturing and Support activities for air transportation.
U.S. Manufacturing’s Shrinking Share of GDP and How to Catch Up
U.S. manufacturing has fallen from 21-25% of GDP in 1950s to about 10% today. The decline is worse than the average of first world developed countries. The result is an unbalanced economy excessively dominated by services and imports.
October Job Report Far Below Expectations, Total Private Sector and Manufacturing Employment Drop, JQI Flat
The U.S. Private Sector Job Quality Index (JQI) is now 83.59, essentially flat with only a 0.01% increase compared to last month. Meanwhile, the overall October 2024 Jobs Report from the government’s Bureau of Labor Statistics showed only 12,000 jobs added in October.