Tax Foundation calculations based on US Customs and Border Protection – Trade StatisticsThe statistics highlight the Biden administration’s policy to retain the Trump administration’s tariffs while adding more tariffs on…
Tag: Economics
ISM Manufacturing PMI Drops To 46.5, Missing Analyst Expectations
The Institute for Supply Management commented: “Demand remains subdued, as companies continue to show an unwillingness to invest in capital and inventory due to concerns (for example, inflation resurgence) about…
UK: Budget Aims for Growth but Easing of Fiscal Rules Raises Economic Risks
While the debt reduction timeline was shortened from five to three years, this adjustment only affects the next government and may always be revised as appropriate. The Office for Budget…
China Caixin Manufacturing PMI Returns to Expansion But Labor Market Woes Linger
Overall, new orders increased at the fastest pace in four months, signaling improved domestic demand. However, overseas new orders continued to decline, albeit at a lesser pace. Manufacturing production accelerated…