skip to main content
skip to newscasts

Thursday, February 13, 2025

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

US sues NY state officials over immigration enforcement; NM's national monuments face new development threats from Trump; NC community colleges get 'boost' to bring more students to high-demand jobs; Trump's resignation plan for federal workers can move forward; Advocates push for program to decrease wildlife collisions in VA.

view newscast page
play newscast audioPlay

Deregulation raises environmental and public health concerns, national monuments face potential risks, political neutrality in education sparks protests, and Tulsi Gabbard's confirmation fuels controversy.

view newscast page
play newscast audioPlay

Rural America struggles with opioids and homelessness in unexpected ways, Colorado's Lariat Ditch could help spur local recreation, and book deliveries revive rural communities hit by Hurricane Helene.

MI professor predicts 2025 economic trends for presidential transition

play audio
Play

Tuesday, December 31, 2024   

As President-elect Donald Trump prepares to take office, economists are weighing in on how his promised policies might shape what is ahead in 2025.

The economy topped the 2024 election, with gas and food prices a priority for many voters. Now, economists point to tariffs, the stock market, electric vehicles, agriculture and education as key issues for the new year.

Jason Miller, professor of supply chain management at Michigan State University, predicted the tariffs Trump has promised will take center stage in 2025. However, he pointed to signs of a positive tailwind.

"Retailers have entered the holidays with inventory sort of in line with demand conditions," Miller pointed out. "November sales for motor vehicles were phenomenally strong for light trucks and SUVs; it was, on a seasonably adjusted basis, the third-highest month of all time."

Miller believes importers will stockpile Chinese goods to avoid tariffs but past tariffs failed to create jobs and instead drove up costs, raising prices for consumers.

Miller projected the first major supply-chain story of 2025 could unfold as early as Jan. 15, involving the International Longshoremen's Association. He noted the East Coast and Gulf port contracts are set to expire, raising the threat of a second round of port strikes.

"We may see port strike, Round 2," Miller observed. "No one is clear yet on how the incoming Trump administration would respond to that. Would they invoke the Taft-Hartley Act to end that strike, or would they let that play out?"

He added they are monitoring the potential for extreme weather events in early 2025, such as the polar vortex back in 2018, which could have a substantial impact on the economy.


get more stories like this via email

more stories
With the inclusion of workforce certificates and certifications, Ohio's overall rate of educational attainment has increased by 18.1% since 2009. (Adobe Stock)

play sound

According to research from Lumina Foundation, the rate of U.S. high school seniors seeking higher education is on the upswing. Although Ohio student …


Health and Wellness

play sound

As winter drags on with a recent rare burst of snow across North Florida, many Floridians struggle with seasonal affective disorder. It is a form of …

Environment

play sound

The push to reintroduce southern sea otters to greater sections of the California and Oregon coast is getting a big boost from a $1.56 million grant f…


The 'piece rate' system can determine a slaughterhouse worker's pay based on their production output, or how many pieces of meat they are able to process during their shift. (Adobe Stock)

Social Issues

play sound

By Nina B. Elkadi for Sentient.Broadcast version by Judith Ruiz-Branch for Illinois News Connection reporting for the Sentient-Public News Service …

Environment

play sound

Minnesota is giving its water quality standards a fresh look. With public input in their hands, officials are under pressure to add language about …

Indigenous Peoples' Day was first proposed in 1977 by a delegation of Native Nations to the United Nations during an international conference. (Joy Fera/Adobe Stock)

Social Issues

play sound

Nevada's only sitting Indigenous legislator has introduced a bill to recognize Indigenous Peoples' Day on what she calls the "correct day," the second…

Environment

play sound

The Trump administration has started dismantling the Environmental Protection Agency's office dealing with reducing environmental harms to minority an…

Environment

play sound

The Trump administration has begun to dismantle the Environmental Protection Agency's office dealing with reducing environmental harms to minority and…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021