Bloomberg Economics accurately predicted that core PCE inflation would reach 3% by the end of the year following the 'Liberation Day' tariff announcements.

The imposition of Section 301 tariffs on China in 2018 and 2019 created a broad-based trade uncertainty shock that caused a decline in investment in other sectors, offsetting gains in the metals indus...

China employs a tactic of flooding global markets with supply to crash prices and make it unprofitable for foreign producers, which has decimated the US metals and mining industry for decades.

Bloomberg Economics calculates that US tariffs could be responsible for a 0.2 to 0.3 percentage point increase in the unemployment rate due to firms absorbing costs and slowing hiring.

The US trade deficit as a share of GDP was around 3% in 2024, rose to 4.2% in the first quarter as firms front-ran tariffs, and has since fallen to approximately 2.5%.

US imports of non-strategic goods, excluding semiconductors and capital goods, have fallen roughly 10% below the pre-2025 trend.

According to the EIA, energy and natural gas account for 38% of manufacturing costs.

A new aluminum smelting facility is planned to be built in the US, which would be the first in decades.

The AI boom contributed almost one percentage point to US GDP in the first half of 2025, serving as a key cushioning factor against the shock from tariffs.

The US has implemented 50% tariffs on steel and aluminum imports.

A Bloomberg analysis of foreign direct investment commitments to the US found that the credible total amounts to trillions of dollars, even after excluding less likely projects.