Dan Grossman

1 week ago | scrippsnews.com | Emily Hanford-Ostmann |Dan Grossman

In a tariff game of who will blink first, President Donald Trump is posturing that his gaze will be the strongest. "I have great respect for China, but they can't do this," President Trump said from the Oval Office earlier this month. "We're going to have one shot at this, and no other president's going to do this — what I'm doing."The "this" he's referring to is hitting dozens of countries with new tariffs, but none more than China, with tariffs on products from the country now pushed to 145%.

1 week ago | scrippsnews.com | Simon Kaufman |Dan Grossman

The back-and-forth U.S.-China tariffs escalation shows no sign of slowing down. The U.S. has now imposed tariffs of 145% on goods from China. Beijing countered by raising tariffs on American imports to 125%. "This is two very large countries going at each other. And if it doesn't stop very quickly, then I don't think it's going to stop really at all," said economist Sasha Tomic. Consumers are already starting to see the impacts. Take Chinese tech company Anker.

1 week ago | kbzk.com | Simon Kaufman |Dan Grossman

The back-and-forth U.S.-China tariffs escalation shows no sign of slowing down. The U.S. has now imposed tariffs of 145% on goods from China. Beijing countered by raising tariffs on American imports to 125%. "This is two very large countries going at each other. And if it doesn't stop very quickly, then I don't think it's going to stop really at all," said economist Sasha Tomic. Consumers are already starting to see the impacts. Take Chinese tech company Anker.

2 weeks ago | scrippsnews.com | Jennifer Glenfield |Dan Grossman

At least one industry is cheering the efforts behind the Trump administration's reciprocal tariffs — warm water shrimpers. Shrimpers in the U.S. have been fighting a losing battle with imported shrimp for years, but now they see a step in the right direction to balance the industry.

2 weeks ago | scrippsnews.com | Simon Kaufman |Dan Grossman

Americans will likely look back at the past week as one that was pivotal in shaping the U.S. economy and remaking the world trade order. But they'll have to wait to gauge to what extent it changes. "There's been so much economic news this week, it's hard to get a sense of what's big, what's huge, and what's humongous," said University of Michigan professor of economics and public policy Justin Wolfers. The new tariffs that President Trump announced on Wednesday, were humongous, Wolfers said.