Fortune (March 5)
“A landmark Supreme Court ruling against President Trump’s tariffs has cost the federal government an estimated $1.7 trillion in projected revenue through 2036.” At its current spending rate, this sets “the United States on a course toward a national debt of $58 trillion within the next decade.”
Tags: $1.7 trillion, $58 trillion, 2036, Cost, Government, Landmark, National debt, Projected revenue, Ruling, Spending rate, Supreme Court, Tariffs, Trump, U.S.
Barron’s (February 25)
“Putting aside the whipsaw effect of recent tariff moves, the biggest problem plaguing the market in recent weeks is artificial intelligence. Investors are afraid it’s going to replace businesses wholesale, and empty big tech’s deep pockets to do it.”
Tags: Afraid, Artificial intelligence. Investors, Big tech, Deep pockets, Effect, Markes, Plaguing, Problem, Replace, Tariffs, Whipsaw
LA Times (February 21)
“The Supreme Court’s decision Friday to strike down the majority of tariffs imposed by President Trump could provide some relief to L.A.’s trade-reliant economy — but only if they are not reimposed again through other means.” The twin ports of Los Angeles and Long Beach form the largest ports complex in North America. “The tariffs dealt a blow to a large swath of businesses in Southern California and across the state, including farmers, automakers, home builders, tech companies and apparel retailers.”
Tags: Apparel, Automakers, Decision, Economy, Farmers, Home builders, Long Beach, Los Angeles, Majority, Ports, Relief, Strike down, Supreme Court, Tariffs, Tech, Trade, Trump
Washington Post (February 8)
China’s President Xi Jinping would like the renminbi to become a globally recognized reserve currency. He “seeks to capitalize on the dollar’s value slipping to a four-year low and gold recently hitting an all-time high amid uncertainty caused by President Donald Trump’s tariffs, threats to Federal Reserve independence and myriad geopolitical crises.” However, China appears to be “in no position to achieve his vision absent self-sabotage by the United States and free market reforms he is hesitant to undertake.”
Tags: Capitalize, China, Dollar, Fed, Geopolitical crises, Gold, Independence, Renminbi, Reserve currency, Self-sabotage, Tariffs, Threats, Trump, U.S., Uncertainty, Vision, Xi
Barron’s (January 8)
“There are few winners in the U.S. stock market from higher tariffs,” but investors are betting and hoping to win if the Supreme Court strikes Trump’s tariffs down. “The Supreme Court may or may not issue a Friday ruling regarding the legality of President Donald Trump’s use of emergency powers to impose tariffs without the approval of Congress. But investors already appear to be betting that the court will strike a blow against the levies.”
Tags: Congress, Emergency powers, Investors, Ruling, Stock market, Supreme Court, Tariffs, Trump, U.S., Winners
Barron’s (January 2)
“If last year was full of fireworks that ultimately resulted in another big gain for the stock market, 2026 appears set to be a dud. Looking back at 2025, the fact that the S&P 500 index gained 16% feels like a small miracle. The Donald Trump experience has led to wild swings—who can forget the near bear-market in April after the president announced the first iteration of tariffs?” Looking ahead, “we’d expect a relatively flat year, with the S&P 500 finishing down about 2%.”
Tags: 16%, 2%, 2025, 2026, April, Bear market, Big gain, Dud, Fireworks, Flat, S&P 500, Stock market, Tariffs, Trump
Washington Post (December 23)
U.S. “tariffs have generated about $25 billion a month since April,” which may seem big. But these monthly takes are really “more like rounding errors than game changers. The gross domestic product of the United States in 2025 will be about $31 trillion.”
Tags: $25 billion, $31 trillion, 2025, April, Big, Game changers, Gross domestic product, Rounding errors, Tariffs, U.S.
Reuters (December 22)
“China will impose provisional duties of up to 42.7% on dairy products imported from the European Union, the latest in a series of measures against EU exports widely seen as retaliation for the bloc’s electric vehicle tariffs.” There are a range of duties on “unsweetened milk and cream and fresh and processed cheeses, including the iconic French Roquefort and Camembert,” but “most companies will pay just under 30%.”
Tags: Camembert, China, Cream, Dairy products, Duties, EU, EV, Exports, Milk, Processed cheeses, Provisional duties, Retaliation, Roquefort, Tariffs
MarketWatch (December 22)
“The kitchen sink was thrown at the economy in 2025 — punishing tariffs, higher inflation, rising unemployment — but the U.S. might still be growing at an above-average speed in a sign of surprising pluck.” Can the momentum continue? AI may deliver continuing investment and efficiency gains. In addition, 2026 “should also benefit from lower interest rates, relaxed tariffs, fewer taxes and regulations, and more government spending in a midterm-election year.”
Tags: 2025, 2026, AI, Economy, Efficiency gains, Inflation, Interest rates, Investment, Momentum, Regulations, Tariffs, Taxes, U.S., Unemployment
Fortune (December 11)
“For all the volatility 2025 has endured, things have actually turned out relatively well: The S&P 500 is up by more than 17%, inflation hasn’t spiked despite an onslaught of tariffs, and the unemployment rate has stayed fairly steady. Analysts and investors are generally feeling positive about 2026 as a result.” This may be overlooking signs of weakness. “Beneath the relatively robust macroeconomic picture, cracks are beginning to show.”
Tags: 17%, 2025, 2026, Analysts, Endured, Inflation, Investors, Macroeconomic, Overlooking, Positive, S&P 500, Steady, Tariffs, Unemployment, Volatility, Weakness
