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Texas has a $300 billion trade relationship with Mexico all on its own.
An avocado importer and a building equipment maker are bracing for impact. A trade expert says the policy uncertainty has already taken a toll.
S&P Global’s Purchasing Managers’ Index went up – and the Institute for Supply Management’s went down in February, as firms anticipate tariffs.
Expect prices to go up across a variety of categories, including food, clothing and cars.
The Conference Board reported the biggest monthly decline in consumer confidence since 2021. And the University of Michigan reported a sharp increase in inflation expectations.
Utilities and policymakers have worked for years to bring more Canadian power to New England and New York’s energy grid.
Inflation expectations vary by political affiliation, especially with tariffs in the mix. But fears of inflation can be self-fulfilling.
The investment will go to everything from building a huge new factory in Texas to make AI data servers to shows and movies for Apple TV.
Falling productivity, immigration and a high cost of living all set the stage for Canada’s general election this year.
Inflation and tariff fears contributed to a decline of 10% in the University of Michigan’s latest survey.