Economy

President Donald Trump warned he may place tariffs on Canadian dairy and lumber in the coming days. It’s the latest in a string of tariffs that causing many industries to adjust to rising costs. NBC 5’s Vince Sims visited a manufacturer in Burleson to see how the owner is planning ahead.

While top officials have framed any economic disruption as short term and necessary for long-term prosperity, the comments go against Trump’s campaign rhetoric.

President Trump warned he may place tariffs on Canadian dairy and lumber in the coming days. It’s the latest in a string of tariffs that’s causing many industries to adjust to rising costs.

Nearly 80% of the toys sold in the U.S. are sourced from China, according to The Toy Association.

The NCA All-Star Championship competition will bring more than 58,000 people to North Texas this weekend.

A key price gauge declined last month, a sign that inflation may be cooling though stiff tariffs threatened by the White House threaten that progress.

An effort to encourage U.S. consumers to participate in a day of protest by not spending money Friday has picked up momentum online, with thousands of people across social media saying they plan to take part in the “economic blackout.” 

The board’s Consumer Confidence Index slipped to 98.3 for the month, down nearly 7% and below the Dow Jones forecast for 102.3.

Fabrics outlet Joann will shutter all of its approximately 800 locations after failing to find a buyer who would keep its stores open.

If they take effect, tariffs are expected to raise costs for auto insurers to repair or replace cars, meaning motorists pay higher premiums.

The Trump administration’s federal mass job cuts may amount to the largest in history. That has financial ramifications for households and the economy.

Meanwhile, Americans who are not at the top are facing increasing financial difficulties.

Small businesses are weighing whether to raise prices as egg costs soar to offset increases that threaten their profit margins.

Climate impacts can increase the prevalence of diseases in coffee crops, reducing overall yields for farmers. Studies have shown that the arabica bean is particularly vulnerable to climate change.

More than 160,000 counterfeit stamps were seized by U.S. Customs and Border Protection last weekend at the Chicago International Mail Branch.

Credit card balances rose in the fourth quarter of 2024, the New York Fed found. Consumer spending continues to remain strong, despite high borrowing costs.

U.S. inflation accelerated last month as the cost of groceries, gas, and used cars rose, a trend that will likely underscore the Federal Reserve’s resolve to delay any further interest rate cuts.

Not only are eggs expensive because of the ongoing bird flu outbreak. Now they are sometimes hard to find.

President Trump and Elon Musk want the U.S. penny gone. There are currently 114 billion pennies in circulation, but the economy will be OK without the coin.

The U.S. relies heavily on other countries for pharmaceutical products, especially for generic drugs.