A recent surge of A.I.-related imports has become an impediment to the smaller trade deficit President Trump wants.
Category: United States Economy
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The Cost of the A.I. Boom: A Trade Deficit the President Detests
The New York Times – Business: -
Christopher A. Sims, 83, Dies; Won Nobel for Modeling Economic Policy
The New York Times – Business:He and Thomas J. Sargent shared the prize in 2011 for devising statistical tools to help guide economic policymakers.
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With Iran War, Trump Risks Stepping on Gains From His Own Tax Cuts
The New York Times – Business:President Trump’s war in Iran has raised some costs just as many Americans are starting to see savings from last year’s tax cuts.
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Why Trump’s Strait of Hormuz Problem Is Going Global
The New York Times – Business:President Trump is getting little to no support so far for his call that other countries do their part to try to ease an energy crisis prompted by U.S.-Israeli attacks on Iran.
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For Trump, a Promised Economic Boom Collides With the Costs of War
The New York Times – Business:President Trump had envisioned a growing economy and improving fortunes for American families in 2026. That appears at risk in his war with Iran.
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America Depends Less on Oil Than Ever
The New York Times – Business:Gasoline still drives household budgets, but energy efficiency and renewables have reduced the economy’s overall reliance on petroleum.
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Change in Data Sources Led to Lower Inflation Reading
The New York Times – Business:A methodological change contributed to a better-than-expected inflation report, prompting questions from some economists.
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Consumer Prices Rose in January, Before Iran War Added Price Pressures
The New York Times – Business:The Federal Reserve’s preferred gauge for inflation increased 2.8 percent annually and economists expect another bump in prices in the near-term.
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‘A Lot of Life Years Lost’: How NAFTA Shortened American Life Spans
The New York Times – Business:A study tracks how the North American Free Trade Agreement and trade competition with Mexico led to earlier deaths for American factory workers.
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Banking Regulators Plan to Ease Some Capital Requirements
The New York Times – Business:The Federal Reserve and other financial regulators will soon release proposals to loosen some planned rules on how much capital banks must hold in reserve to mitigate risks.
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War With Iran Puts Further Strain on America’s Pessimistic Farmers
The New York Times – Business:Nearly 75 percent of farmers surveyed before the war said the crop sector was in a recession. They face bigger hurdles this planting season.
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How the Iran War Could Hit Americans’ Wallets
The New York Times – Business:Gas prices are rising, with the cost of food likely to follow. If the conflict drags on, the fallout for consumers could worsen, experts warned.