“An incomplete picture of the economy”

Government spending is quite literally a part of the definition of GDP in every economics textbook. But now Commerce Secretary Howard Lutnick says he wants to take government spending out of that figure. Let’s discuss with Julia Coronado, founder of MacroPolicy Perspectives.

Tomorrow, President Donald Trump has said that 25% import taxes will go into effect on goods from Canada and Mexico — though that could change. That could particularly hurt automakers, whose supply chains run across North America.

When so many people were stuck inside during the pandemic, toy sales surged. New data from market research firm Circana shows this trend has continued and that it’s increasingly adults — not just children — buying up things like collectibles, trading cards and board games.