Revenues from Tariffs Spiked to $23 Billion in May, up by 168% in 3 Months by Wolf Richter • Jun 2, 2025 • 88 Comments It’s not nothing: At this pace, tariffs would raise receipts from corporate taxes by 39%, but would make only a dent into the huge US deficit.
S&P’s US Manufacturing PMI Shows “Solid” Growth Powered by Jump in Domestic New Orders. Canada & Mexico PMIs Tank by Wolf Richter • Jun 2, 2025 • 18 Comments But the ISM Manufacturing PMI for the US shows contraction on declining new orders. The contradicting PMIs add to the confusing “soft data.”
I’ve Been Screaming about Rising Used-Vehicle Prices since Aug 2024 (and No One Paid Attention) but Suddenly It’s the Tariffs? by Wolf Richter • May 7, 2025 • 75 Comments The issue has been tight used-vehicle inventory due to reduced influx of 2021/2022 model years after the new-vehicle shortages at the time.
Tariffs Start Washing into the Government Checking Account by Wolf Richter • May 2, 2025 • 164 Comments The cashflow of Customs and Excise Taxes has nearly doubled in two months.
GDP Whacked by Massive Spike in Imports on Frontrunning of Tariffs. Consumer Spending Grew, Business Investment Soared by Wolf Richter • Apr 30, 2025 • 81 Comments “Final sales to private domestic purchasers” jumped by 3.0%, on strength in the private economy of businesses and consumers.
Trump Speaks and Stocks Spike, after Trump Spoke and Stocks Plunged (Makes You Wonder, Why even Own Stocks?) by Wolf Richter • Apr 9, 2025 • 271 Comments The huge spike, following the selloff, evokes further parallels with the Dotcom Bust and Financial Crisis crash, in the middle of which similar spikes occurred.
Stocks Plunge as the Market Understood What Tariffs Are: A Tax on Corporate Profit Margins by Wolf Richter • Apr 3, 2025 • 1 Comment Trump explained it clearly yesterday, and markets understood. But companies have known it all along.
Price of Natural Gas Futures Up 140% Year-over-Year: One More Reason for Inflation to Not Back off Easily by Wolf Richter • Mar 10, 2025 • 99 Comments Natural gas accounts for 42% of electricity generation. It’s feedstock for fertilizers. It’s widely used for heating. And 19% was exported in 2024.
Explosion of Imports Causes Trade Deficit to Spike by 96% in January YoY on Tariff Front-Running by Wolf Richter • Mar 6, 2025 • 79 Comments Surge of imports not a sign of weak demand, on the contrary, but imports deduct from GDP.
Drill-Baby-Drill for 20 Years: US Natural Gas Production and Exports via LNG & Pipeline Rose to New Records in 2024 by Wolf Richter • Mar 2, 2025 • 72 Comments Prices rose from the collapsed levels in the prior year and are back where they’d been in 1996, down by 70% from the peak in 2005.
