Author: Kent Jones, Professor Emeritus of Economics, Babson College

Trump’s ‘forever’ tariffs are kicking in for the long haul – and US consumers are footing the bill

Kent Jones, Professor Emeritus of Economics, Babson CollegeLeave a Comment on Trump’s ‘forever’ tariffs are kicking in for the long haul – and US consumers are footing the bill

President Donald Trump’s tariff announcements no longer cause the market gyrations that they did in 2025. But their sticker shock for American consumers is becoming increasingly clear – just as economic sentiment is souring ahead of the November 2026 midterm elections. Many business groups had hoped that the tariff wars would end in February, when […]

Continue Reading

US-Canada trade war deepens as Trump revives Depression-era trade tool – what’s at stake for consumers and the midterms

Kent Jones, Professor Emeritus of Economics, Babson CollegeLeave a Comment on US-Canada trade war deepens as Trump revives Depression-era trade tool – what’s at stake for consumers and the midterms

The United States and Canada, historically close allies, are moving further into a full-blown trade war with no end in sight. On Aug. 25, 2026, Canada imposed tariffs of up to 50% on hundreds of U.S. goods after the U.S. placed similar, long-threatened levies on Canadian products. It followed the collapse of trade talks that […]

Continue Reading

How Trump plans to keep tariffs at the center of his economic policy despite stinging court losses

Kent Jones, Professor Emeritus of Economics, Babson CollegeLeave a Comment on How Trump plans to keep tariffs at the center of his economic policy despite stinging court losses

President Donald Trump just can’t quit tariffs. He suffered a major defeat when the Supreme Court ruled in February 2026 against the sweeping emergency tariffs he announced the previous year. Then, on May 7, a federal court knocked down the interim tariffs he announced after the high court’s decision. Yet Trump appears undeterred and keeps […]

Continue Reading