Breitbart Business Digest: America’s Trade Deficit Just Had Its Best Quarter in 33 Years
America just experienced the largest quarterly trade deficit decline in recorded history outside of a recession.

America just experienced the largest quarterly trade deficit decline in recorded history outside of a recession.

Manufacturing is not in retreat. It’s booming. Industrial output hit an all-time high in November and then broke that record in December.

“You’re Paying 90% of Trump’s Tariffs,” the Wall Street Journal editorial board declared last week. It’s a startling claim. But the study it’s based upon has a faulty methodology.

This is the Valentine’s Day-President’s Day-Friday the 13th edition of the Breitbart Business Digest weekly wrap-up. It’s mostly a love letter to the U.S. economy, with just a touch of horror movie action and a dash of presidential history combined with Valentine’s Day gifts.

The Trump administration still has a path forward in rebalancing global trade even if the Supreme Court strikes down the president’s tariffs.

The acceleration of America’s economic growth under President Trump is driving up hiring without the need for the arrival of hundreds of thousands of workers crossing our borders in defiance of our immigration laws.

A Silver Lining in a Soot-Soaked Retail Sales Report Analysts had visions of sugar plums dancing in their heads for December retail sales. Instead, they got a lump of coal. The Census Bureau said Tuesday that retail sales were flat

Xi Jinping is betting that China can build domestic alternatives to American semiconductors and reduce its dollar exposure before either becomes a crisis.

This week, investors decided that maybe it was time to give AI a bit of time off for good behavior, the Cato Institute celebrated rising tax bills due to immigration, and Disney made it clear that its future isn’t in entertainment.

In the Fed’s modern history, the FOMC has always chosen the sitting Board chairman to be its chairman as well. Politics, however, has a habit of stress-testing assumptions.

Warsh’s most fundamental critique of the Federal Reserve targets the Fed’s devotion to economic models that consistently fail to predict reality.

The most consequential feature of Kevin Warsh’s view of the Federal Reserve is his focus on balance sheet reduction.

The nomination of Kevin Warsh to chair the Federal Reserve has prompted concerns from friends and foes of President Trump’s economic agenda.

This week culminated in the nomination of a former Bush White House economic official to succeed Jerome Powell as Fed chair.

Productivity is surging in America, which will likely mean subdued inflation even while wages rise and rapid economic growth continues.

What began as Section 530A in last year’s One Big Beautiful Bill Act is evolving into something more substantial: a multi-layered wealth-building system combining government seed capital, corporate matching, philanthropic donations, and family savings.

Disguising austerity in populist rhetoric doesn’t make the proposal to cut Social Security actually a populist proposal.

Andrew Ross Sorkin wants corporate America to join the resistance.

This is the Breitbart Business Digest’s weekly wrap, where we run through the news of the week with the wild abandon of a Canadian Prime Minister kowtowing to Chinese communists.

The current consensus growth estimate of 2.1 percent for 2026 is almost certainly too low.

The constitutional answer in the Trump v. Cook case isn’t an expansive judicial review of the president’s removal decisions. It’s trusting the Senate to do the job the framers assigned it.

Just about the biggest question in trade economics today is who is paying for the tariffs.

The shot heard ’round the world was not fired by President Donald Trump but by Federal Reserve Chair Jerome Powell, who insisted he was merely defending his territory from an unwelcome intrusion of Justice Department interferers.

Cato Institute economist Scott Lincicome’s recent column argues that U.S. manufacturing “ended 2025 with a thud,” but his analysis makes the fundamental error of treating employment as the scoreboard in a labor-constrained economy.

The December CPI data is clear: the tariff inflation crisis was an elite panic disconnected from economic reality.

Jerome Powell’s decision to publicly attack the Trump administration could give President Trump the opportunity to appoint a leader of the Federal Reserve without Senate approval.

Jerome Powell has decided he is under assault from the Trump administration and has issued a declaration of war.

This is the Breitbart Business Digest Weekly Wrap, where bring you seven days of data and insight about the economy in a single newsletter.

A century-long lease offers the simplest way to secure enduring Arctic access without the political liabilities of ownership.

What’s the best structure for securing American interests on the world’s largest island?

The operation to remove Nicolás Maduro may prove more economically significant than most commentary suggests.

What we’re witnessing in Venezuela is less about one country’s oil production and more about the completion of a shift toward Western Hemisphere energy independence and an embrace of the core reality of fossil fuel-driven global energy production.

This week’s wrap is all about the long-awaited consumer price index report released Thursday, the one the legacy media immediately tried to bury because it wrecked their story about America caught in an affordability crisis.

President Trump tipped his hand a bit on Wednesday night, hinting that the inflation report issued Thursday morning by the Department of Labor was going to be good news.

Federal Reserve Bank of Atlanta President Raphael Bostic dissented from the Federal Open Market Committee’s December rate cut, warning that the Fed’s credibility on inflation “could be at stake.”

Tuesday’s chaotic employment report had something for everyone from hawks to doves, bulls to bears.

Federal Reserve Governor Stephen Miran delivered a speech Monday taking apart the tariff-inflation panic.

This is the Breitbart Business Digest weekly wrap, in which we coincidentally run through the economic and financial news of the previous seven days.

The Federal Reserve’s latest Summary of Economic Projections reveals that the inflation hawks have stood down, and Fed Governor Christopher Waller was right all along.

A Trumpier Fed Isn’t An Inflation Threat The financial press has been trying its best for months to gin up a panic over the independence of the Federal Reserve. We’ve had a number of dress rehearsals for the supposed death
