San José, CA – On Wednesday, April 9, one week after President Trump declared a universal 10% tariff and for all the countries that the United States ran trade deficits with, he announced even higher tariffs of up to 50%. Even while members of his administrators were saying the tariffs were going to stick, Trump blinked and declared a 90-day pause for all countries except China.

San José, CA – Over the last few days, since President Trump’s latest tariffs were announced on April 2, comments have often called them “bizarre,” “weird” or similar terms. But there is a method to what might seem to be Trump’s madness.

The tariff rates announced were calculated on the basis of the U.S. trade deficit with each country, or how much more the United States imports from said country than the amount of U.S. goods it buys. This was often dismissed as “nonsense,” but it reflects President Trump’s longstanding obsession with U.S. trade deficits.

San José, CA – Why are so many Republicans in Congress going along with Trump’s tariffs? For decades the Republican Party has been a party of free trade and “lower” taxes, so why the support, or at most silence, from Republicans in Congress?

San José, CA – The day after President Trump levied tariffs on virtually every country in the world, the People’s Republic of China, or PRC, hit back. The PRC matched Trump’s tariff of 34% announced on Thursday with the same 34% tariff on imports from the United States. These are mainly soybeans and other foods, electrical machinery, petroleum and civilian aircraft. In addition, China put restrictions on exports of seven rare earth metals to the United States that are used in making lasers, wind turbines, radar other technology goods.

San José, CA – On Thursday, April 3, one day after Trump’s newest tariffs announcement, prices did start to fall as candidate Trump promised. The only problem is that it was the prices of stocks, not groceries.

San José, CA – On Monday, March 10, U.S. stock markets fell. The S&P 500, which includes 500 of the largest U.S. corporations, dropped 2.7% for the worst trading day of the new Trump administration. The NASDAQ, which is over-weighted in technology stocks, fell even more, dropping 4% as high-flying technology stocks continued their descent to earth. Both the broader market and the technology sector were led down by a 15% drop in Tesla share prices, bringing that stock down about 50% from its high just months ago.

San José, CA – On Friday, March 7, the Department of Labor released its report on the job market in February. This is the first report based on the labor market in the first weeks of the new Trump administration. Overall, the job market looked a little softer; job creation was a bit less, at 151,000 rather than economists’ expectations of 170,000 net new jobs. The unemployment rate also ticked up to 4.1% from 4.0% in January.

San José, CA – At the stroke of midnight on Tuesday morning, President Trump’s trade war was launched against the three largest trading partners of the United States. Canada and Mexico were hit with across the board 25% tariffs, with the exception of Canadian energy products: oil and electricity, which were given 10% tariffs. China was hit with an additional 10% tariff, bringing the total rate to 20% with the initial 10% tariffs back in February.

San José, CA – In February, the Bureau of Labor Statistics released its annual report on major strikes in the previous year. In 2024, there were 31 major strikes, involving 271,500 workers. A major strike is one involving at least 1000 workers and lasting at least one shift. A total of more than 3 million days’ work didn’t happen because of major strikes.

San José, CA – Consumers cut back on purchases in January 2025, the largest decline since February 2021. The Bureau of Economic Analysis report on Personal Income and Outlays released February 28 said that household spending fell by 0.5%, adjusted for inflation. This is much greater than the 0.2% drop expected.