A Wall Street Journal analysis reveals a significant increase in government spending. The analysis of Treasury Department data shows outlays $154 billion higher in the current period compared to the same timeframe in 2024 under the Biden administration. This substantial rise occurred since the current administration’s inauguration in January. The findings highlight a considerable shift in fiscal policy.
China raising tariffs on US goods to 125% represents a significant escalation in the ongoing trade war between the two economic superpowers. This dramatic increase essentially renders many US products uncompetitive in the Chinese market, effectively crippling exports in various sectors. The move, while seemingly retaliatory, stems from China’s assessment that the current level of US tariffs already minimizes the demand for American goods within their borders. Further increases, from their perspective, are unnecessary; the damage is already done.
This action isn’t simply about tit-for-tat tariff increases; it’s a strategic maneuver reflecting a broader economic power play. China’s confidence in this approach stems from its ability to source many of the goods it currently imports from the US elsewhere, primarily from Canada and Mexico.… Continue reading
Treasury Secretary Scott Bessent asserts the U.S. holds a strategic advantage in its trade dispute with China, citing a significantly smaller volume of U.S. exports to China compared to Chinese exports to the U.S. The U.S. is implementing reciprocal tariffs to encourage negotiations and reshore jobs, with several countries already expressing interest in talks. While China has vowed to retaliate, the U.S. aims to address both tariffs and non-tariff barriers to create a fairer trade environment, ultimately generating revenue and jobs domestically. The administration hopes tariffs will act as a temporary revenue source, eventually diminishing as domestic manufacturing increases.
A YouGov poll reveals widespread American disapproval of President Trump’s new tariff policy, with over half of respondents viewing it as the largest peacetime tax increase in U.S. history. The poll also indicates significant public agreement that the tariffs are negatively impacting the economy. While a minority supports the tariffs, believing they address unfair trade practices, the majority favor reducing or eliminating them. The substantial opposition suggests the policy may be politically damaging for Trump and the Republican Party.
The U.S. stock market has wiped out $9.6 trillion since Inauguration Day, a staggering figure that reflects a significant downturn in the economy. This massive loss represents a considerable portion of the overall market value, impacting investors across the board.
The extent of this decline is truly alarming, representing a dramatic shift in market sentiment and potentially signaling a broader economic slowdown. This loss isn’t just a number; it translates to real consequences for individuals and families whose retirement savings and investments are tied to the market.
It’s easy to get lost in the sheer magnitude of the figure. Nine point six trillion dollars is a sum so large it’s almost impossible to comprehend in everyday terms, yet it represents a tangible loss for millions.… Continue reading
President Trump plans to unilaterally impose substantial import taxes, potentially totaling trillions of dollars over ten years, marking a significant tax increase surpassing all but two instances in US history. This action, described as “liberation day” by the President, is projected to generate $600 billion annually in revenue. However, economists dispute this figure, asserting that the cost will be largely shouldered by American consumers through higher prices, as importers pass along tariff increases. The substantial tax increase would be enacted without congressional approval.
Recent polls indicate a decline in President Trump’s approval ratings regarding his handling of the U.S. economy, with significant drops in those who feel better off under his policies. A Harvard CAPS/Harris poll showed a decrease from 49% to 45% approval on the economy between February and March, while a CBS News/YouGov poll revealed a rise in those believing the economy is worsening. These negative trends coincide with increased concerns about inflation and a rise in recession predictions by Goldman Sachs. The upcoming implementation of Trump’s reciprocal tariffs adds further uncertainty to the economic outlook.
Despite Musk’s claims suggesting otherwise, the current administration’s spending trajectory is alarmingly poised to exceed that of the Biden administration. This isn’t just a matter of differing opinions; the sheer scale of the discrepancy is becoming increasingly evident. The economic indicators paint a stark picture, far removed from the rosy pronouncements we’ve heard.
The current economic downturn is not a consequence of pre-existing market fluctuations. The strength of the US economy at the end of the Biden term served as a solid foundation. The current crisis is, quite simply, self-inflicted. Poor decision-making and a disregard for sound economic principles are driving the nation towards a fiscal precipice.… Continue reading
President Trump announced a permanent 25% tariff on auto imports, aiming to boost domestic manufacturing and generate $100 billion in annual revenue. This move, starting April 3rd, could significantly increase vehicle prices and reduce consumer choice, potentially impacting the middle and working classes. While the administration expects increased domestic production, automakers face higher costs due to globally sourced components. International criticism and potential retaliatory tariffs raise concerns about escalating trade conflicts and negative economic consequences.
In March 2025, the consumer confidence index plummeted to 92.9, a 12-year low, marking the fourth consecutive monthly decline. This drop, lower than analysts’ predictions, was primarily driven by anxieties over inflation and tariffs, significantly impacting consumers’ short-term economic expectations. Major retailers, including Walmart and Target, have reported weakened sales and profit forecasts, reflecting a shift in consumer behavior and echoing the declining confidence. The decreased optimism, despite some increased big-ticket item purchases possibly due to pre-tariff buying, suggests a potential economic slowdown.
John Q. Hosedrinker 
Matt Underwood