The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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the staff of the Ridgewood blog
WASHINGTON, D.C. — So much for the “tariffs equal runaway inflation” narrative. The latest data from the Bureau of Labor Statistics (BLS) shows that wholesale prices were completely flat in June, suggesting that fears of tariffs causing a major price surge may be more hype than reality.
Continue reading Tariffs Aren’t Fueling Inflation: June Producer Price Index Shows Zero Growth
the staff of the Ridgewood blog
WASHINGTON, D.C. — The U.S. Department of the Treasury announced Friday that the federal government recorded a $27 billion budget surplus for the month of June 2025, thanks largely to a surge in tariff revenue.
the staff of the Ridgewood blog
Washington DC, in a high-stakes move impacting global trade, former President Donald Trump announced on Sunday that he has agreed to extend the deadline for imposing a 50% tariff on European Union exports to the United States. The extension follows a phone call with Ursula von der Leyen, President of the European Commission, and gives both sides until July 9, 2025, to negotiate a resolution.
the staff of the Ridgewood blog
Port Newark NJ, U.S. tariff collections surged to a record high in April, with customs duties hitting $16.3 billion for the month, according to data released Monday by the Treasury Department. The spike reflects the growing impact of President Donald Trump’s new trade tariffs, including the 10% across-the-board levy on imports that went into effect on April 2.
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the staff of the Ridgewood blog
Chicago Il, Federal Reserve Chairman Jerome Powell issued a cautious economic outlook on Wednesday, stating that the central bank will “wait for greater clarity” before considering any changes to interest rates. His comments come amid rising concerns that President Trump’s tariffs may fuel both higher inflation and slower economic growth, creating a policy dilemma for the Fed.
Continue reading Fed Chair Jerome Powell: Tariffs Could Spark Higher Inflation, Slower Growth
