By Hannah Parry is a Newsweek Live Blog Editor based in New York. Her focus is reporting on U.S. politics and society.
Over the course of April, President Donald Trump imposed large tariffs on goods from every country in the world, pushing America’s average levy on imports to its highest level in roughly a century.And inflation slowed.In April, the Consumer Price Index (CPI) rose at a 2.3 percent annual rate, i...
By Shane Croucher is a Breaking News Editor based in London, UK. He has previously overseen the My Turn, Fact Check and News teams, and was a Senior Reporter before that, mostly covering U.S. news and politics.
Hispanic consumers are cutting back their grocery spending on everything from beer to cooking spray, executives said during recent earnings calls.Coca-Cola, Constellation Brands and Colgate-Palmolive are among the companies that have reported a slowdown in North American sales from Hispanic s...
Research suggests America’s industrial decline, or deindustrialization, has significantly impacted national economics since the late 20th century, with manufacturing employment dropping by 34% from 1979 to 2019. - It seems likely that causes include productivity gains, globalization, and policy changes, with controversy over the role of trade, some blaming it for job losses while others argue productivity is the main driver. - The evidence leans toward economic impacts including job losses, wage stagnation, increased income inequality, and regional disparities, particularly in the Rust Belt, though overall GDP growth has continued.
Industrial Revolution 101 Key Points:
Research suggests America’s Industrial Revolution (late 18th to mid-19th century) transformed the economy from agrarian to industrial, driven by innovations like the cotton gin and Erie Canal. - It seems likely that deindustrialization, starting mid-20th century, led to manufacturing decline due to globalization, automation, and environmental regulations, impacting cities like Detroit. - The evidence leans toward industrial pollution, such as air and water contamination, being significant during the revolution, with legacy issues persisting post-deindustrialization. America’s Industrial Revolution America’s Industrial Revolution began in the late 18th century, marking a shift from an agrarian to an industrial economy.
Economic Reforms Needed in America in 2025:
A Path Forward As America approaches 2025, its economy stands at a pivotal moment. Despite periods of growth and innovation, persistent challenges threaten the nation’s long-term prosperity and fairness. Income inequality has soared to historic highs, wages for many have stagnated despite rising productivity, and the cost of living—spanning housing, healthcare, and education—continues to climb faster than incomes. The national debt grows ever larger, while globalization, automation, and climate change reshape industries and labor markets.