Some Basics about U.S. Tariffs, and What Trump’s New Economic Team Said about Tariffs by Wolf Richter • Jan 13, 2025 • 217 Comments “In the real world, we have a one-sided free-trade policy in which America isn’t nearly as protectionist as other countries.”
Our Drunken Sailors Splurge on Services, Fixed Investment Surges. But Much-Worse Imports Drag Bigly on GDP. And there’s a Blip in Government Spending by Wolf Richter • Apr 25, 2024 • 113 Comments Re-accelerating inflation in Q1 hit “real” GDP growth. “Current-dollar” GDP growth only a hair slower than in Q4.
Side Effect of US Oil & Gas Boom: Record Ethane Production & Exports by Wolf Richter • Apr 3, 2024 • 45 Comments Production, consumption by the US petrochemical industry, and exports all hit records, and the price collapsed.
US Coal Production, Consumption, Exports & Imports in 2023: Consumption Plunges to Lowest since 1963. But Exports Rise by Wolf Richter • Apr 1, 2024 • 61 Comments Use of coal in power generation fades. Cheap US natural gas has been hard to beat for 15 years.
Production & Exports of Crude Oil & Petroleum Products Soar to Record in 2023, SPR Gets Refilled (Slowly) by Wolf Richter • Mar 4, 2024 • 65 Comments US oil production boom has dramatically changed global energy dynamics.
US Natural Gas Production, Exports of Natural Gas via LNG and Pipelines, All Soar to New Records in 2023, Price Collapses by Wolf Richter • Mar 3, 2024 • 86 Comments The US became the largest LNG exporter in the world in 2023. It has long been the largest natural gas producer in the world.
The $2 Trillion in Goods the US Exported in 2023: Led by Energy Products, Capital Goods, Pharmaceuticals, and Automotive by Wolf Richter • Feb 10, 2024 • 53 Comments The biggest export group — crude oil, petroleum products, natural gas, petrochemicals — retraced part of the 50% spike as prices dropped.
US Trade Deficit in 2023 Dropped 19%, as Goods Deficit with China Plunged 29%: Imports & Exports of Goods & Services by Wolf Richter • Feb 8, 2024 • 48 Comments The much improved (or rather less horrible?) trade deficit was one of the reasons GDP was much stronger than expected.
Freight Recessions Crush Teetering Trucking Companies. This Time, Yellow. And the Freight Recession Continues by Wolf Richter • Aug 14, 2023 • 59 Comments Prolonging the downturn of for-hire truckers is the growth of private fleets, such as Walmart’s and Amazon’s which eat into their share.
Yellow Files for Bankruptcy and Liquidation. CEO Blames Teamsters in Stunning Detailed Announcement by Wolf Richter • Aug 7, 2023 • 178 Comments “All workers and employers should take note of our experience with the International Brotherhood of Teamsters and worry.”
