Social Security runs on the paycheck. But a growing share of American wealth now comes from profits, assets, and ownership. The program that ended old-age poverty was never built for an economy that pays people this way.

The administration launched new duties tied to countries’ imports of goods made with forced labor, replacing a 10 percent tariff immediately after it expired.

Some people love to swear. In the workplace, some of those people might be in charge.

You may have worked with one (or be one) yourself. The team leader who likes to pepper a pep talk with spicy language, or the manager who uses swear words to express themselves in the clearest possible terms.

How colleagues respond to colourful language varies. Some might enjoy it, while others are unbothered. It can also be considered a sign of poor leadership, unprofessional – and simply unnecessary.

We find that whether US import tariffs have supply-side effects or demand-side effects on US manufacturing sectors depends on where the affected sectors are located in the US production network. Using local projections in a panel of US manufacturing sectors, we find that US import tariffs —including the 2018-19 tariff hikes— led to sectoral output contractions via two different channels: (1) Tariff increases act as negative supply shifters for sectors that use goods from tariff-facing sectors as input in production and thus face rising input costs.