Tariffs on South Korean autos, pharma, to rise to 25%

U.S. President Donald Trump speaks at the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, South Korea, October 29, 2025. Tyrone Siu | Reuters President Donald Trump said Monday that he was increasing tariffs on imported autos, pharmaceuticals, and lumber from South Korea from 15% to 25% because of a delay in that country’s…

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AI wasn’t the biggest engine of U.S. economic growth in 2025

Meta’s 5-gigawatt “Hyperion” data center under construction in Richland Parish, Louisiana, on January 9, 2026. Meta The popular narrative that artificial intelligence is the engine keeping the U.S. economy alive appears to be overstated, according to recent analyses. The AI boom has reshaped market valuations, driven large investments and record bond issuance to finance data…

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