Economy, Trade & Fiscal Policy

Tariffs, spending, taxes, rescissions and economic consequences of administration policy.

July 1, 2026
Well supported

United States Declines to Renew USMCA at Six-Year Review

On July 1, 2026 — the deadline for the six-year joint review of the United States-Mexico-Canada Agreement — the Trump administration declined to formally renew the pact for a new 16-year term. President Trump had said in...

January 24, 2026
Well supported

Trump Threatens a 100 Percent Tariff Against Canada

Trump threatened to impose a 100 percent tariff on Canada if it proceeded with a major trade arrangement involving China. The threat used the prospect of blocking market access as leverage against a close trading partner...

December 16, 2025
Well supported

Trump Tells Families to Buy Fewer Toys as Tariffs Raise Prices

Trump has repeatedly downplayed the effect of his tariffs on consumer prices by suggesting children simply need fewer toys, saying at various points that "maybe the children will have two dolls instead of 30 dolls" and...