Rick Newman

3 weeks ago | rickjnewman.com | Rick Newman

President Trump says the US trade deficit is too high because the country imports too much stuff. His tariffs are a tax on imports that are meant to encourage more domestic production by making imports more expensive. Is he right? Do we import too much? Find about by taking the quiz. Eleven questions. Go! Footnotes below 👇Here's a detailed definition of a trade deficit. Here's the data on the trade balance for goods and services going back to 1960. And here's a breakdown of employment by sector.

3 weeks ago | ca.finance.yahoo.com | Rick Newman

For decades, investors thought the risk of the US government defaulting on its debt was essentially zero. It was nice while it lasted. There’s still a low chance the US government will fail to pay principal or interest on nearly $30 trillion worth of Treasury securities circulating around the world. But global investors think US debt is getting riskier, and they also think US policymakers in Congress and the Trump administration are doing nothing about it.

3 weeks ago | sg.finance.yahoo.com | Rick Newman

Mon, 2 June 2025 at 12:37 pm GMT-7 5 min read In this article: If prices go up, do you care why? Businesses certainly think so, which is why they’re calling out the Trump tariffs, even at the risk of provoking a combative president. Trump’s new taxes on imported goods haven’t reignited inflation yet, but many economists think they’re about to. Overall, Trump has raised the average tariff on some $3 trillion of imported goods from 2.5% to about 18%.

4 weeks ago | ca.finance.yahoo.com | Rick Newman

There were times when even President Trump seemed surprised how fervent Elon Musk was about heading a government efficiency commission and slashing the size of the federal bureaucracy. He’s a “real patriot,” Trump said on March 9. “This is something that's really not good for him, and yet he's doing it.

4 weeks ago | ca.finance.yahoo.com | Rick Newman

President Trump started his second term eager to hammer out trade deals with dozens of other nations. He forgot to negotiate with his own judiciary first. Trump's plan to reshape worldwide trade through aggressive use of tariffs is a mess following the unanimous ruling by the US Court of International Trade (CIT) that his rationale for many tariffs is unconstitutional.