No signs yet of tariffs getting passed through to consumers, neither in durable goods nor in clothing and footwear. By Wolf Richter for WOLF STREET. A lot of durable goods sold to consumers are imported or contain imported components or […]
President Trump’s tariffs are creating some uncertainty in the United States oil and gas market and resulting in a price drop. Brent crude futures were trading at $69.90 per barrel on Thursday, the same day […]
But “competition limited the pass-through of higher costs to selling price … which will harm profits.” By Wolf Richter for WOLF STREET. Overall economic growth accelerated in March from February, driven by a sharp acceleration in services activity, […]
Daily Standup Top Stories Chris Wright Moves to Refill The Strategic Petroleum Reserve March 9, 2025 Clark Savage Many people are curious about the Trump administration’s plans to refill the Strategic Petroleum Reserve (SPR) that was […]
Daily Standup Top Stories China to impose tariff on US LNG February 4, 2025 Mariel Alumit China’s Ministry of Finance said in a statement on Tuesday that the US government announced on February 1 the imposition […]
Daily Standup Top Stories Tariffs on Oil Are a Major Problem for U.S. Refiners February 3, 2025 Mariel Alumit US tariffs on Canadian and Mexican imports will add to the financial burden of US refiners struggling […]
The Biden administration moved Tuesday to block China’s access to the American market for clean energy technology by doubling duties on solar cells and effectively quadrupling the price of electric vehicles from China. The actions […]
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