Is the US recovery all down to Trumponomics?
7 years, 2 months ago

Is the US recovery all down to Trumponomics?

Al Jazeera  

We examine how President Donald Trump’s bold fiscal and economic policies have affected the US and global economy. When US President Donald Trump took office one year ago, he promised that economic protection and his “America first” approach would lead to great prosperity and strength. ”What by ”James.”] In the early phase of his presidency Trump pledged to protect US markets, but “he seems to be coming around to the idea that trade is good, trade creates US jobs as well, and American companies do benefit from trade – so his aggressive stance has perhaps moderated to some extent.” Knightley says that Trump’s direct method of influencing trade has been “tweeting – threatening or rewarding companies that have or haven’t decided to invest in America – particularly American-based companies. “So what was just a US growth story is becoming much more global.” China’s muddied economic growth In 2017, China’s economy grew by 6.9 percent, its fastest pace in two years. The effect of those policies have not only stabilised things but given rise to new products which offsets the negative effects… So you may see it as a contradiction, but when you look at the overall effort, the effects of the economic policies have overridden the negative consequences of bad activities, falsely reporting … In the big picture, we’re seeing a 2017 which has a more clean figure reporting and we expect that 2018 will be the same if the ‘watchdog’ mentality of the government continues to be done in the correct way.” Also on this episode of Counting the Cost: Baby milk scandal: One of the world’s largest dairy companies, Lactalis, is facing millions of dollars in damages over a baby milk scandal.

Global China Trump Economic Companies America Knightley  recovery  global  trade  companies  really  growth  trump  money  policies  america  trumponomics  economic

History of this topic

How Trump is driving Asia to diversify away from U.S.
6 days, 3 hours ago

How Trump is driving Asia to diversify away from U.S.

The Hindu  

President Donald Trump's tariffs and other policies have some financiers and officials in Asia predicting the remaking of the post-World War II economic order, leading to an urgent quest to diversify away from America. In response to questions about this view, Kush Desai, a White House spokesperson, pointed to U.S. investment promises by companies like Taiwanese chipmaker TSMC and Dubai …

Trump is blaming Biden for the weakening economy. Is that fair?
1 week, 1 day ago

Trump is blaming Biden for the weakening economy. Is that fair?

CNN  

CNN — Summary President Trump blames Biden for economic woes despite inheriting a stable economy, according to economists. However, when the topics of the economy, volatile markets, shaken confidence and sudden recession fears have been broached with Trump, he’s hammered on familiar notes: That the Biden administration left him with an economic situation that was “catastrophic,” a “nightmare,” “horrible,” or …

US public souring on Trump’s handling of economy, polls show
1 week, 6 days ago

US public souring on Trump’s handling of economy, polls show

Al Jazeera  

United States President Donald Trump’s handling of the economy is facing growing pushback from Americans amid wild swings in the stock market and growing fears of a recession, new polling shows. In a CNN/SSRS poll released on Wednesday, 56 percent of respondents said they disapproved of Trump’s economic management – higher than at any point during his first term in …

Is Trump taking a ‘liquidationist’ approach to the economy?
2 weeks ago

Is Trump taking a ‘liquidationist’ approach to the economy?

Live Mint  

During President Trump’s first term, stocks rode high on the belief that he would always pull back on policies that led to a selloff. Indeed, such views edge close to the “liquidationist" approach historically espoused by laissez-faire economists, and most infamously associated with former President Herbert Hoover’s Treasury secretary who advised him to let the economy fall. Trump and his …

Larry Fink: ‘The economy is weakening as we speak’
2 weeks ago

Larry Fink: ‘The economy is weakening as we speak’

CNN  

Washington CNN — Larry Fink, chief executive of BlackRock, the world’s largest asset manager, said Wednesday that the Trump administration’s barrage of policy changes is paralyzing American consumers and businesses — and that’s already hurting the economy. Fink said the uncertainty sowed by the Trump administration’s drastic changes is broad-based, unsettling companies and federal workers alike — and it remains …

ANDREW NEIL: How team Trump's trying to spin his disastrous economic crash... and the dire consequences for us all
Trending News
2 weeks ago

ANDREW NEIL: How team Trump's trying to spin his disastrous economic crash... and the dire consequences for us all

Daily Mail  

Not content with undermining NATO, the greatest democratic alliance for peace and prosperity in world history, and increasingly siding with Russia in Ukraine’s struggle for survival in the face of dictator Putin’s barbaric onslaught, President Trump now seems determined to take a wrecking ball to the mighty US economy. And stung by Ontario’s threat to cut off its electricity supply …

Why did the US stock market tumble and wipe out $4 trillion? What does it mean for the global economy?
2 weeks, 1 day ago

Why did the US stock market tumble and wipe out $4 trillion? What does it mean for the global economy?

Firstpost  

The US stock market wiped out $4 trillion in value on Monday as the S&P 500 fell 2.7 per cent, nearing a nine per cent drop from its all-time high. The Dow Jones plunged 890 points, while the Nasdaq skidded four per cent, driven largely by investor fears over President Donald Trump’s escalating tariff policies Financial news is displayed as …

Economic slowdown fears grip US markets, Nasdaq sinks by 4%
2 weeks, 1 day ago

Economic slowdown fears grip US markets, Nasdaq sinks by 4%

Firstpost  

US stocks plunged on Monday as fears of an economic slowdown grew after President Donald Trump did not dismiss concerns that his tariffs could trigger a recession. Reuters US stocks tumbled on Monday over growing fears of an economic slowdown after President Donald Trump did not rule out the possibility of his tariffs causing a recession. The Nasdaq dropped 4.0 …

Economic slowdown fears grip US markets, Nasdaq sinks by 4%
2 weeks, 1 day ago

Economic slowdown fears grip US markets, Nasdaq sinks by 4%

Firstpost  

US stocks plunged on Monday as fears of an economic slowdown grew after President Donald Trump did not dismiss concerns that his tariffs could trigger a recession. Reuters US stocks tumbled on Monday over growing fears of an economic slowdown after President Donald Trump did not rule out the possibility of his tariffs causing a recession. The Nasdaq dropped 4.0 …

Recession ahead? Why the US economy is on shaky ground under Trump
2 weeks, 1 day ago

Recession ahead? Why the US economy is on shaky ground under Trump

Firstpost  

The US economy is facing growing recession fears as key indicators signal trouble ahead. There’s going to be no recession in America.” Lutnick also defended Trump’s aggressive trade policies, arguing that they would ultimately benefit the US economy by “unleashing American wealth across the world.” What role do tariffs and spending cuts play? Goldman Sachs recently raised its recession probability …

Trump declines to rule out US recession as tariffs spook investors
2 weeks, 2 days ago

Trump declines to rule out US recession as tariffs spook investors

Al Jazeera  

US president says economy is in a “period of transition” amid uncertainty over his trade policies. United States President Donald Trump has declined to rule out the possibility that the world’s largest economy is headed for a recession amid market concerns over his “America First” economic agenda. “It takes a little time, but I think it should be great for …

US economic worries mount as Trump implements tariffs, cuts workforce and freezes spending
Trending News
2 weeks, 4 days ago

US economic worries mount as Trump implements tariffs, cuts workforce and freezes spending

Associated Press  

WASHINGTON — With his flurry of tariffs, government layoffs and spending freezes, there are growing worries President Donald Trump may be doing more to harm the U.S. economy than to fix it. In an interview to air Sunday on Fox News’ “Sunday Morning Futures,” Trump was pressed to provide some clarity on his tariffs agenda that has caused uncertainty to …

Trump is the first president to 'deliberately engineer a severe depression': economist
2 weeks, 6 days ago

Trump is the first president to 'deliberately engineer a severe depression': economist

Raw Story  

Economist Robert Kuttner believes that President Donald Trump will go down as the first president in American history to "deliberately engineer a severe depression." Among other things, Kuttner notes that the tariffs are going to create havoc in manufacturing supply chains since some car parts make multiple border crossings during the car production process. An increase in prices from the …

'Recession is coming': Critics outraged as Trump vows steep tariffs imminent
3 weeks, 1 day ago

'Recession is coming': Critics outraged as Trump vows steep tariffs imminent

Raw Story  

President Donald Trump says he's done delaying the massive tariffs he planned to enact on America's neighbors, telling reporters Monday: "No room left for Mexico or for Canada. "You can watch the stock market tank in the bottom corner of Fox's broadcast as Trump talks about tariffs," wrote independent journalist Aaron Rupar. "Trump just made a new announcement about tariffs …

Crashing the economy: Inside Trump's blueprint for more grifting
1 month, 3 weeks ago

Crashing the economy: Inside Trump's blueprint for more grifting

Raw Story  

Democrats are warning that Trump’s threats to increase our national debt by as much as $7 trillion, shift billions of Treasury dollars into crypto, and impose tariffs on imported goods risk creating a financial crises and maybe even a second Republican Great Depression. And 45 percent believe women have gained too many rights, echoing Tate’s argument that, as young British …

The US economy just had another robust year
1 month, 3 weeks ago

The US economy just had another robust year

CNN  

Washington CNN — Another year of robust economic growth is in the books, underscoring how the Biden administration handed President Donald Trump what many consider a solid economy. “The US consumer has been unstoppable, supported by wealth creation, a strong labor market, and lending.” The latest GDP report comes on the heels of the Federal Reserve’s latest policy decision announced …

'Flashing a warning': Economist says Trump's plans leading to 'a terrible outcome'
1 month, 3 weeks ago

'Flashing a warning': Economist says Trump's plans leading to 'a terrible outcome'

Raw Story  

Most of Donald Trump's economic policies – such as tariffs, additional fiscal stimulus and mass deportations – are expected to add to inflation, according to a new analysis. The inflation rate has declined rapidly since peaking at 9.1 percent in the summer of 2022 but remains above the Federal Reserve’s target at 2.9 percent, and comments from the central bank's …

Global economy to weaken over next year, Europe braces for slowdown: WEF report
2 months, 1 week ago

Global economy to weaken over next year, Europe braces for slowdown: WEF report

India Today  

The World Economic Forum's latest Chief Economists Outlook paints a picture of contrasting economic fortunes across regions in 2025, with India and the US projected to grow, while Europe is expected to face challenges. "The outlook remains subdued, with a majority of chief economists expecting the global economy to weaken over the next year, compared to 17% anticipating improvement," the …

Column: The U.S. economy is doing very well. But don’t give too much credit to Biden — or Trump
3 months, 1 week ago

Column: The U.S. economy is doing very well. But don’t give too much credit to Biden — or Trump

LA Times  

One of Donald Trump’s closing campaign arguments was that he would deliver a new “golden age” for America. That’s fitting insofar as Trump has rapidly eclipsed the current president, Joe Biden, in setting expectations and even an agenda for America at home and abroad. Don’t take my word for it: The cover of a special issue of the Economist in …

Democratic President Rebuilds Economy, Just In Time To Hand It Off To Trump — Again
3 months, 2 weeks ago

Democratic President Rebuilds Economy, Just In Time To Hand It Off To Trump — Again

Huff Post  

LOADING ERROR LOADING WASHINGTON — President Joe Biden on Tuesday took credit for building a strong economy out of the ruins of the COVID-19 pandemic — just in time for him to turn it over to President-elect Donald Trump, who is already threatening tariffs that would likely weaken it and bring back inflation. “I’m not saying it was perfect, but …

Biden Says Trump Economic Plan will be Disaster
Trending News
3 months, 2 weeks ago

Biden Says Trump Economic Plan will be Disaster

Deccan Chronicle  

Washington: Outgoing US President Joe Biden on Tuesday branded his successor Donald Trump's economic plans a "disaster" in a speech hailing his own legacy in office. Biden said Trump's threats to impose huge tariffs on imports were a "major mistake" and urged the Republican to abandon proposed tax cuts. I think it'd be an economic disaster for us and the …

Global alert: Other countries should steer clear of Trumponomics
3 months, 3 weeks ago

Global alert: Other countries should steer clear of Trumponomics

Live Mint  

Given Donald Trump’s nominees for key cabinet positions so far, it appears that the US president-elect is determined at least to try to deliver on many of his campaign promises. Or consider Trump’s two other major campaign promises: Significant tax cuts and new 10-20% tariffs on imports from the rest of the world, with the rate rising to 60% for …

Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbons
4 months, 2 weeks ago

Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbons

Associated Press  

WASHINGTON — All that’s left is for President-elect Donald Trump to put his name on it — if he wants. He will deliver.” Natalie Quillian, a deputy chief of staff for Biden’s White House, said that the administration’s programs are already starting to make a positive difference for the economy. “Over the coming months, we will continue to run through …

Biden laid groundwork for new factories and infrastructure, but Trump might get to cut the ribbons
4 months, 2 weeks ago

Biden laid groundwork for new factories and infrastructure, but Trump might get to cut the ribbons

LA Times  

All that’s left is for President-elect Donald Trump to put his name on it — if he wants. The unemployment rate is low, inflation is easing and President Biden’s administration has teed up a ready-made list of infrastructure projects that could go from theoretical to reality over the next several years. Trump said in September that he would “rescind all …

Trump’s comeback to bring massive tariffs, trade wars & global economic turmoil?
4 months, 2 weeks ago

Trump’s comeback to bring massive tariffs, trade wars & global economic turmoil?

Firstpost  

Donald Trump’s return as US President could bring significant economic shifts, with proposed tariffs and stricter immigration policies affecting global trade and emerging markets. These tariffs could also affect global economic growth, with the International Monetary Fund projecting it at just 3.2 per cent for next year. In a recent interview, IMF First Deputy Managing Director Gita Gopinath stated that …

Markets hail Trump’s economics
4 months, 2 weeks ago

Markets hail Trump’s economics

Live Mint  

Twenty-three Nobel laureates in economics warned two weeks ago that Donald Trump’s economic agenda would be disastrous for the U.S. Mr. Trump’s election drove the largest single-day increase in the U.S. dollar in more than two years, and third largest in the last decade. The combination of the steepening yield curve, stable inflation expectations and the rise in stocks indicates …

How are world economies reacting to Trump's imminent return as U.S. president?
4 months, 2 weeks ago

How are world economies reacting to Trump's imminent return as U.S. president?

NPR  

How are world economies reacting to Trump's imminent return as U.S. president? “This is quite a complex network of supply chains, and increased tariffs by the U.S. — which would probably lead to retaliation by other major trading powers — would disrupt those existing supply chains, which leads to uncertainty, increased costs, and therefore has a knock-on effect on companies.” …

Will Trump's historic comeback affect global economy?
4 months, 2 weeks ago

Will Trump's historic comeback affect global economy?

Firstpost  

Trump’s return to the White House could trigger global trade tensions, higher inflation, slower growth, and reduced international cooperation, with significant economic impacts on the US, China, and the EU Donald Trump’s return to the White House with his protectionist policies poses threats for the global economy, with the prospect of new trade wars, resurgent inflation and slower growth, experts …

How an economic crash could line Trump's pockets
4 months, 3 weeks ago

How an economic crash could line Trump's pockets

Raw Story  

America’s billionaires would love to have a recession, particularly a really severe one. While over 8 million Americans lost their jobs and were wiped out as the Bush Crash started today’s homelessness crises, the top 1 percent saw it as a buying opportunity. As the economy recovered, rich people who’d used their increased income to buy stocks at the market …

A 'Trump economy' robs from the American people to enrich the elite
5 months ago

A 'Trump economy' robs from the American people to enrich the elite

LA Times  

If Donald Trump retakes the White House, he would resume serving billionaires such as Vladimir Putin. Believing Donald Trump will be better for the economy than Vice President Kamala Harris is like thinking you’re a dinner guest when you’re actually the main course. When Trump slashed the corporate tax rate, his Council of Economic Advisers promised American workers would see …

Trump says he hopes the US economy crashes this year for his own benefit
1 year, 2 months ago

Trump says he hopes the US economy crashes this year for his own benefit

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “What we’re seeing now I think we can describe as a soft landing, and …

US economy grows at faster rate in nearly 2 years
1 year, 4 months ago

US economy grows at faster rate in nearly 2 years

Hindustan Times  

The US economy heated up more than expected in the third quarter, government data showed on Thursday, as a resilient job market helped boost consumer spending, holding off the prospect of a recession. The GDP pick up reflects "accelerations in consumer spending, private inventory investment, and federal government spending" among other factors, said the Commerce Department. - "The US economy …

Opinion: US economic recovery speed has been record-breaking. But don’t get used to it
3 years, 7 months ago

Opinion: US economic recovery speed has been record-breaking. But don’t get used to it

CNN  

Editor’s Note: Lakshman Achuthan and Anirvan Banerji are co-founders of the Economic Cycle Research Institute. But even with the economy on track for full reopening in the months ahead and the jobless rate set to decline, economic growth is already decelerating, as we’re warning publicly for the first time here. Ominously, our work also shows a strong link between the …

Powell: ‘We’ll emerge from this crisis stronger and better’
4 years ago

Powell: ‘We’ll emerge from this crisis stronger and better’

Al Jazeera  

Fed chief pens essay for WSJ reassuring that the US central bank will continue to do whatever it takes to support the economic recovery. The United States economy will emerge from the COVID-19 crisis on better footing, Federal Reserve Chairman Jerome Powell wrote in an essay published on Friday, as he sought to again reassure financial markets that the US …

A global recovery’s leading variables
4 years, 2 months ago

A global recovery’s leading variables

Live Mint  

As we head into a new year, this much is patently clear: covid-19 is not just going to disappear, as outgoing US President Donald Trump repeatedly suggested it would. More broadly, while the world’s advanced economies have been able to run huge fiscal deficits to prevent significant losses to GDP, governments in developing countries and emerging markets cannot provide anywhere …

US election: Did Trump build the 'strongest economy in the world’?
4 years, 5 months ago

US election: Did Trump build the 'strongest economy in the world’?

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. GDP One of the flashiest economic claims that …

Record collapse in GDP points to challenges for economic recovery — and Trump
4 years, 7 months ago

Record collapse in GDP points to challenges for economic recovery — and Trump

LA Times  

Juan Camacho wipes tables in an outdoor dining area created in the Glendale Galleria parking structure. They’ve proposed a $1-trillion package that includes slashing the $600 weekly federal add-on to state unemployment benefits; giving another round of $1,200 in cash to tens of millions of Americans; and offering billions of dollars in new aid to schools that reopen promptly this …

US Facing Severe Crisis, But Not a Depression, Says Federal Reserve Chairman
4 years, 10 months ago

US Facing Severe Crisis, But Not a Depression, Says Federal Reserve Chairman

News 18  

The US is facing a severe economic downturn amid the global pandemic, but will not suffer another Great Depression and will see a recovery begin later this year, Federal Reserve Chair Jerome Powell said Sunday. "I think you'll see the economy recover steadily through the second half of this year," Powell said. "For the economy to fully recover, people will …

Can the US economy recover from coronavirus?
4 years, 10 months ago

Can the US economy recover from coronavirus?

Al Jazeera  

As the pandemic spreads in the US, the country’s economy is likely to face its worst crisis since the Great Depression. It shrank by almost 5 percent in the first quarter of this year – the biggest slide since the 2008 financial crisis. As many businesses are going bankrupt, the US has pumped more than $2 trillion into the economy …

Donald Trump is hoping a strong US economy will ensure his re-election, but the numbers show a less sunny projection
5 years, 1 month ago

Donald Trump is hoping a strong US economy will ensure his re-election, but the numbers show a less sunny projection

ABC  

In Donald Trump's America there are three realities. Unemployment in America now stands at 3.6 per cent, the lowest it's been since 1969 — a time that most people remember as truly "great" for the economy. Trump's trade showdown It's almost inconceivable that the immediate future of the global economy hangs on the erratic whims of Donald Trump, writes Ian …

Can Trump count on American consumers to save the economy from recession?
5 years, 7 months ago

Can Trump count on American consumers to save the economy from recession?

LA Times  

Recent consumer spending has outperformed expectations, compensating for softness in business investments, manufacturing and net exports due largely to President Trump’s trade war with China. Americans have been spending heartily in recent months, outperforming expectations and compensating for the softness in business investments, manufacturing and net exports due largely to Trump’s trade war with China. One closely followed national survey, …

The US is being pushed towards recession – and it's totally unclear whether Trump understands what he's done
5 years, 7 months ago

The US is being pushed towards recession – and it's totally unclear whether Trump understands what he's done

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Major agricultural firms like John Deere …

Trump dismisses worries of recession, says economy is strong
5 years, 7 months ago

Trump dismisses worries of recession, says economy is strong

Associated Press  

BERKELEY HEIGHTS, N.J. — President Donald Trump dismissed concerns of recession on Sunday and offered an optimistic outlook for the economy after last week’s steep drop in the financial markets. “I don’t think we’re having a recession,” Trump told reporters as he returned to Washington from his New Jersey golf club. “The Federal Reserve chairman should look in the mirror …

‘He’s rattled’: Trump fears looming economic collapse will lose him 2020 election
5 years, 7 months ago

‘He’s rattled’: Trump fears looming economic collapse will lose him 2020 election

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump is reportedly worried an economic collapse could dent …

Trump is driving us toward a big recession: It will be ghastly — but is it deliberate?
5 years, 7 months ago

Trump is driving us toward a big recession: It will be ghastly — but is it deliberate?

Salon  

These are tough times for independent journalism. That bottomless slagheap of propaganda convinced Trump’s base that the steadily improving economy of the Barack Obama administration was “American carnage,” requiring a return to the stewardship of Republicans who had been responsible for a $1.4 trillion deficit, the collapse of the stock market, more than 800,000 jobs lost in a single month …

Is President Trump is driving the economy into a recession? Economists see warning signs
5 years, 9 months ago

Is President Trump is driving the economy into a recession? Economists see warning signs

Salon  

With President Donald Trump about to embark on yet another trade war — this time with Mexico — economists and financial analysts are surveying the economic landscape and are painting a frightening portrait of a coming recession as soon as 2020. According to a report at Politico, “Trump is edging to the brink of a two-front trade war in a …

Trump’s economy: A report card
6 years ago

Trump’s economy: A report card

CNN  

CNN — President Donald Trump claims full credit for the strong economy and stock market. The cuts eventually slowed and the US has added jobs every month since October of 2010, the second year of Obama’s first term. It’s hard to compare Trump’s and Obama’s job creation, since Obama took office when the economy was in dire straits and Trump …

Trump’s push for tariffs squeezes a weakening global economy
6 years, 3 months ago

Trump’s push for tariffs squeezes a weakening global economy

Associated Press  

NEW YORK — The global economy was already showing signs of a slowdown when President Donald Trump reminded the world of his love of tariffs and sent a chill through financial markets. “ALL subjects discussed!” Still, Trump’s rattling of the global economy came at a precarious moment, with the economic outlook for 2019 dimming and concerns about a potential recession …

The economy is doing well and Trump deserves some credit
6 years, 7 months ago

The economy is doing well and Trump deserves some credit

CNN  

Washington CNN — President Donald Trump thinks he’s overdue some credit for steering the strongest economy on the planet – and he’s probably right. “These numbers are very, very sustainable – this isn’t a one-time shot,” Trump said on Friday, speaking from the South Lawn of the White House after news that the US economy grew at a 4.1% annual …

Trump may kill the global recovery
6 years, 8 months ago

Trump may kill the global recovery

Live Mint  

How does the current global economic outlook compare to that of a year ago? Stronger growth with inflation still below target allowed unconventional monetary policies either to remain in full force, as in the eurozone and Japan, or to be rolled back very gradually, as in the US. At the same time, the prospect of higher inflation has led even …

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