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4 weeks ago | 
post-gazette.com | Anya Litvak |Tim Grant |Stephana Ocneanu
Justin Tang/The Canadian Press via AP Josh Boak Associated Press Mar 27, 2025 8:32 PM WASHINGTON — The U.S. cities most vulnerable to a trade war with Canada turn out to largely be in the states that helped return Donald Trump to the White House — a sign of the possible political risk he's taking with his tariff plans. A new analysis released Thursday by the Canadian Chamber of Commerce detailed the areas most dependent on exports to Canada, with San Antonio and Detroit topping the list of 41...
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4 weeks ago | 
cpapracticeadvisor.com | Tim Grant |Jason Bramwell
By Tim GrantPittsburgh Post-Gazette(TNS)Mar. 26-Taxpayers who made money from stocks or interest income last year might experience sticker shock when filing their 2025 tax returns. After a booming stocks and bonds market sent capital gains, dividends and interest income soaring in 2024, many taxpayers are now seeing the flip side-bigger tax bills and smaller refunds. "It was a very good year for a lot of people in the stock market.
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1 month ago | 
post-gazette.com | Anya Litvak |Evan Robinson-Johnson |Madaleine Rubin |Tim Grant
U.S. consumer confidence continued its sharp 2025 decline as Americans’ views about their financial futures slumped to a 12-year low, driven by rising anxiety over tariffs and inflation. The Conference Board reported Tuesday that its consumer confidence index fell 7.2 points in March to 92.9, the fourth straight monthly decline and its lowest reading since January of 2021. The reading was short of analysts expectations for a reading of 94.5, according to a survey by FactSet.
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1 month ago | 
post-gazette.com | Anya Litvak |Evan Robinson-Johnson |Madaleine Rubin |Tim Grant
The trade war between the U.S. and Canada threatens to throw a wrench into the prospects for decarbonizing both economies — though it may offer some longer-term opportunities for Canada. Bilateral tariffs on steel and aluminum are already in place, and industry is bracing for more U.S. levies on April 2.
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1 month ago | 
post-gazette.com | Anya Litvak |Evan Robinson-Johnson |Madaleine Rubin |Tim Grant
White House aides are preparing to impose new tariffs on most imports on April 2, laying the groundwork for an escalation in global economic hostilities that President Donald Trump has called “Liberation Day.”Through his first two months in office, the president has raised tariffs on roughly $800 billion in imports from China, Mexico and Canada, although estimates vary widely.
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1 month ago | 
post-gazette.com | Anya Litvak |Tim Grant |Stephana Ocneanu |Evan Robinson-Johnson
BREMEN, Maine — Commercial fishermen and seafood processors and distributors looking to switch to new, lower-carbon emission systems say the federal funding they relied on for this work is either frozen or unavailable due to significant budget cuts promoted by President Donald Trump’s Department of Government Efficiency.
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1 month ago | 
post-gazette.com | Ben Casselman |Anya Litvak |Evan Robinson-Johnson |Madaleine Rubin |Tim Grant
Presidents usually do all they can to avoid recessions, so much so that they avoid even saying the word. But President Donald Trump and his advisers in recent weeks have offered a very different message. Yes, a recession is possible, they have said. Maybe one wouldn't even be that bad. Commerce Secretary Howard Lutnick has said Trump's policies are "worth it" even if they cause a recession.
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1 month ago | 
post-gazette.com | Anya Litvak |Evan Robinson-Johnson |Madaleine Rubin |Tim Grant
U.S. shoppers stepped up their spending just a bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount. Retail sales rose just 0.2% in February, a small rebound after a sharp drop of 1.2% in January, the Commerce Department said Monday. Sales rose at grocery stores, home and garden stores, and online retailers. Sales fell at auto dealers, restaurants, and electronics stores.
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1 month ago | 
post-gazette.com | Anya Litvak |Bruce Schreiner |Tim Grant |Stephana Ocneanu |Dylan Lovan
LOUISVILLE, Ky. — With a new distillery set to open soon, the makers of Brough Brothers bourbon in Kentucky were ready to put their business plan into action. They were looking to ramp up whiskey production to break into lucrative new markets in Canada and Europe. Now the on-again, off-again threat of tariffs has disrupted those plans.
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2 months ago | 
post-gazette.com | Kris B. Mamula |Tim Grant |Alicia Wallace |Elisabeth Buchwald
WASHINGTON — U.S. employers added just 143,000 jobs last month, but the jobless rate slipped to 4% to start 2025 and the government revised November and December payrolls higher. The first job report of Donald Trump’s second presidency suggested that he inherited a labor market that is solid but unspectacular. January job creation was down from 307,000 in December and 263,000 in November. Economists had expected about 170,000 new jobs in January.
