Uncertainty is turning the things we usually buy for fun and comfort into panic purchases for some consumers. 

On the surface, the numbers look contradictory, but the reasons they behaved as they did can tell us something about the tariff-era economy.

Chad Bown of the the Peterson Institute for International Economics explains the trade deficit and foreign investment “open loop” system. But wait, there’s more!

The stated purpose of Trump’s import levies is to draw production back to the U.S. from around the world. Benzene illustrates that it won’t work with all products.

All the guardrails are off today, folks.

Over the weekend, President Trump announced he’d be moving forward with tariffs starting tomorrow. Then, Mexico and the U.S. struck a deal to delay those tariffs for one month as the two negotiate border security.