Recent polling shows a significant decline in the United States’ global reputation, and that’s showing up in how people outside the U.S. are shopping. This is especially true in Canada, where anti-American backlash is changing consumer and business behavior.
There's a lot of pent-up demand for new homes, but homebuilders are facing a combination of high interest rates, labor shortages and tariffs on construction materials.
Kraft Heinz just announced plans to invest $3 billion in its U.S. plants. But companies that make clothes and toys, which have low margins and are difficult to produce with robots, will have a harder time relocating.
The U.S. and China have agreed to temporarily rollback on some tariffs. Adam Posen, president of the Peterson Institute for International Economics, puts today’s deal into context.