agricultural economics

US Retailers Face Uncertainty as Penny Production Ends

US retailers left short-changed as penny production ends, a situation that’s already sparking a lot of thought. It’s a bit of a head-scratcher, isn’t it? The penny, that tiny copper disc, has been a staple of American commerce for so long. Now, it seems, its days are numbered, or at least its minting is. We’re talking about a de facto phase-out, a decision that’s causing ripples through the retail landscape and beyond.

Honestly, a lot of people don’t seem to care that much about the penny. You hear it all the time: “Keep the change.” “It’s just a penny.” Some of us have probably even stopped bending down to pick one up off the sidewalk.… Continue reading

Trump’s Tariffs Fail to Lower Grocery Prices, Despite Promises

This comprehensive list meticulously catalogues every state and territory within the United States, including various U.S. Armed Forces locations and overseas territories. Furthermore, it extends to encompass all Canadian provinces and territories, detailing their respective geographical divisions. The purpose of this extensive compilation is to provide a complete reference for postal codes. This information can be used for data management and analysis.

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Trump Tells Walmart to Absorb Tariffs, Sparking Business Backlash

Trump’s recent assertion that Walmart should “eat the tariffs” instead of raising prices reveals a fundamental misunderstanding of how tariffs and business economics interact. This isn’t simply a matter of a president telling a corporation what to do; it’s a statement that ignores basic principles of supply and demand, cost structures, and the very nature of tariffs.

The idea that Walmart, or any large retailer, can simply absorb the cost of tariffs without affecting their pricing strategy is unrealistic. These tariffs represent a significant additional expense added to the cost of goods sold. Walmart, like any for-profit business, operates on profit margins.… Continue reading

US Farmers Devastated by Tariffs on Canadian Goods

American farmers are experiencing devastating economic consequences due to U.S. tariffs on Canadian goods, impacting both product prices and input costs like fertilizer and equipment. These tariffs, particularly the 25% levy on steel, significantly increase the cost of essential Canadian-made farm equipment, creating a substantial burden for American producers. Agricultural economists warn that the resulting uncertainty has already caused irreparable harm to both U.S. and Canadian economies, hindering investment and slowing growth, regardless of any future tariff reversals. The situation highlights the unintended negative consequences of protectionist trade policies on close trading partners.

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