Tariffs 3
Trade Policy Backfires as Tariff-Heavy Industries Shed Workers
The current administration’s ambitious trade strategy promised to revitalize American manufacturing through protective tariffs. However, emerging employment data reveals a troubling disconnect between policy intentions and economic reality, with industries most affected by import taxes experiencing significant workforce reductions. Employment Data Reveals Unexpected Trends Recent analysis by Apollo Global Management’s chief economist Torsten Slok demonstrates […]
Wall Street Reacts Cautiously to US-EU Trade Agreement
The stock market showed mixed performance on Monday as investors assessed the impact of a newly announced trade agreement between the United States and the European Union. While the S&P 500 edged slightly higher and marked another record close, overall momentum slowed following recent gains. The Dow Jones Industrial Average dipped by 64 points, or […]
Why Apple Won’t Make iPhones in the U.S.
Back in 2011, then-President Barack Obama asked Apple’s Steve Jobs what it would take to bring iPhone production back to the United States. More than a decade later, this question has resurfaced under former President Donald Trump, who has demanded that Apple manufacture iPhones domestically or face steep tariffs of up to 25%. Trump’s stance […]
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