Markets hail Trump’s economics
1 month, 1 week 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 that markets expect the Trump agenda to foster noninflationary growth that will drive private investment. While markets expect a reinvigorated American economy, the Biden administration’s mismanagement has created serious challenges that Mr. Trump will need to overcome.

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History of this topic

Letters to the Editor: The economy transcends presidents? Just wait till Trump fully embraces crypto
4 days, 18 hours ago

Letters to the Editor: The economy transcends presidents? Just wait till Trump fully embraces crypto

LA Times  

To the editor: I take issue with Jonah Goldberg’s assertion that the U.S. economy transcends presidents. To the editor: The incoming Trump administration’s embrace of cryptocurrencies will certainly test Goldberg’s idea that presidents don’t have much effect on the economy. In the “good old days” of our country, there were the very rich and the very poor, until Franklin Delano …

Column: The U.S. economy is doing very well. But don’t give too much credit to Biden — or Trump
6 days, 18 hours 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 …

Trump's economic plan will be disaster: Biden
1 week, 5 days ago

Trump's economic plan will be disaster: Biden

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. Biden said Trump's threats to slap huge tariffs on imports were a "major mistake" and challenged Trump to build on what he said were the successes of his own administration. At a separate event Tuesday, Treasury …

Democratic President Rebuilds Economy, Just In Time To Hand It Off To Trump — Again
1 week, 5 days 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
1 week, 5 days 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 …

Biden: Trump’s tax and tariffs plans are a ‘major mistake’
1 week, 6 days ago

Biden: Trump’s tax and tariffs plans are a ‘major mistake’

Politico  

The remarks represented the president’s sharpest and most extensive criticism of Trump since the November election, with his attacks growing more direct as he got deeper into the nearly 40-minute speech. He mocked Trump for his failed first-term infrastructure push and for spurning pledges to “buy American.” And he cautioned that Trump’s plan to renew a set of expiring tax …

Trump tariffs to harm growth: Experts
Trending News
2 weeks ago

Trump tariffs to harm growth: Experts

China Daily  

The wave of tariff hikes proposed by United States President-elect Donald Trump would harm global livelihood and economic growth, while it can't help resolve the country's domestic economic issues, global experts said. They made the remarks at the 9th China Global Think Tank Innovation Forum held in Beijing on Wednesday, where experts discussed the potential global impact of Trump's return …

Trump tariffs to harm growth: Experts
Top News
2 weeks ago

Trump tariffs to harm growth: Experts

China Daily  

US President-elect Donald Trump The wave of tariff hikes proposed by United States President-elect Donald Trump would harm global livelihood and economic growth, while it can't help resolve the country's domestic economic issues, global experts said. They made the remarks at the 9th China Global Think Tank Innovation Forum held in Beijing on Wednesday, where experts discussed the potential global …

Trump tariffs to harm growth: Experts
Top News
2 weeks ago

Trump tariffs to harm growth: Experts

China Daily  

US President-elect Donald Trump The wave of tariff hikes proposed by United States President-elect Donald Trump would harm global livelihood and economic growth, while it can't help resolve the country's domestic economic issues, global experts said. They made the remarks at the 9th China Global Think Tank Innovation Forum held in Beijing on Wednesday, where experts discussed the potential global …

Global alert: Other countries should steer clear of Trumponomics
3 weeks, 1 day 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 …

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different
3 weeks, 4 days ago

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different

Huff Post  

LOADING ERROR LOADING WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. Republican presidential nominee former President Donald Trump listens during a campaign rally at Santander Arena, Monday, Nov. 4, 2024, in Reading, Pa. via Associated Press Trump also posted on Monday that Chinese imports would face additional tariffs of 10% until Beijing cracks …

Trump has a problem: America's economy is growing but so is its inflation
3 weeks, 4 days ago

Trump has a problem: America's economy is growing but so is its inflation

Firstpost  

Even as the US economy grew by 2.8% in the third quarter, the inflation also grew by 1.9%, complicating the economic outlook that President-elect Donald Trump will inherit in January US President-elect Donald Trump has vowed to fix the United States. Inflation rises by 1.9% — complicating picture for Trump Even as the US economy grew 2.8 per cent year-on-year …

Trump’s tariffs in his first term did little to alter the economy, but this time could be different
Trending News
3 weeks, 5 days ago

Trump’s tariffs in his first term did little to alter the economy, but this time could be different

Associated Press  

WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries. Trump’s first term tariffs had a modest impact on economy Trump imposed tariffs on …

Trump's tariff war could cost Americans more than $3,200 a year, experts claim
3 weeks, 5 days ago

Trump's tariff war could cost Americans more than $3,200 a year, experts claim

Daily Mail  

American consumers would bear the brunt of Donald Trump's proposed tariffs, new analysis showed on Tuesday night as the world braced for a new era of U.S. protectionist policies. Trump proposed tariffs including the threats made to China, Mexico and Canada on Monday could lead to an increase in costs for every consumer annually, analysis found But even before the …

'Costly': Economic expert warns $1 trillion at stake if Trump kills Biden's programs
3 weeks, 6 days ago

'Costly': Economic expert warns $1 trillion at stake if Trump kills Biden's programs

Raw Story  

A key economic expert laid bare the potentially devastating consequences to the U.S. economy if Donald Trump tries to unwind President Joe Biden's legislative accomplishments when he takes office. "The White House announced today that the infrastructure bills passed during the Biden administration have spurred over $1 trillion in private sector investments," posted Steven Rattner, an MSNBC economic analyst and …

Markets at the mercy of 'unrestrained Trump' as US president-elect threatens tariffs
3 weeks, 6 days ago

Markets at the mercy of 'unrestrained Trump' as US president-elect threatens tariffs

ABC  

What a difference a few hours makes for markets — especially when at the mercy of Donald Trump. Bloomberg News declared that the pick would give China "breathing room" on tariffs, based on Bessent's previous interview comments that Trump's tariff talk was a "maximalist negotiating position". "On January 20th, as one of my many first executive orders, I will sign …

Trump's Truth Social rant suggests he'll "intentionally raise prices for the American people"
3 weeks, 6 days ago

Trump's Truth Social rant suggests he'll "intentionally raise prices for the American people"

Salon  

Donald Trump, who won in part due to inflation that peaked two years ago, campaigned on a policy of making everything from vegetables to televisions more expensive, suggesting a plurality of voters either did not understand tariffs — and the rippling economic impact of raising taxes on imported goods — or simply did not believe the Republican candidate would follow …

Trump Raced To Pick Many Cabinet Posts. He Took More Time To Settle On A Treasury Secretary.
Trending News
4 weeks, 1 day ago

Trump Raced To Pick Many Cabinet Posts. He Took More Time To Settle On A Treasury Secretary.

Huff Post  

LOADING ERROR LOADING WASHINGTON — President-elect Donald Trump launched a blitz of picks for his Cabinet, but he took his time before settling on billionaire investor Scott Bessent as his treasury secretary nominee. Trump also looked at other candidates, including former Federal Reserve governor Kevin Warsh, Marc Rowan, the chief executive of Apollo Global Management, and Sen. Bill Hagerty, R-Tenn. …

Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretary
1 month ago

Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretary

Associated Press  

WASHINGTON — President-elect Donald Trump launched a blitz of picks for his Cabinet, but he took his time before settling on billionaire investor Scott Bessent as his treasury secretary nominee. Trump also looked at other candidates, including former Federal Reserve governor Kevin Warsh, Marc Rowan, the chief executive of Apollo Global Management, and Sen. Bill Hagerty, R-Tenn. Trump’s decision on …

Trump's growth and trade agendas are at odds. His economic team will point to the winner.
1 month ago

Trump's growth and trade agendas are at odds. His economic team will point to the winner.

Live Mint  

Wall Street is glued to “The Apprentice: Treasury Edition." There are two main planks to that agenda: tax cuts and deregulation to bolster economic growth; and tariffs to reduce the trade deficit and bring back factory jobs. Inflation-indexed bonds and derivatives expect inflation next year will be about a quarter of a percentage point higher than they anticipated a month …

The Trump stock euphoria starts to fade
1 month ago

The Trump stock euphoria starts to fade

Live Mint  

Can the postelection market rally continue? “Really extended valuations on equities means we’re vulnerable to shocks, turbulence and volatility," said José Torres, senior economist at Interactive Brokers. Geopolitical risks related to the wars in Ukraine and the Middle East combined with memories of Trump’s at-times chaotic governing style make it easy for some investors to picture valuations falling back to …

"All bets are off": How Trump's economy could affect your money
1 month ago

"All bets are off": How Trump's economy could affect your money

Salon  

Presidents don't have the ultimate say in how the economy performs. It is rarely the case that political rhetoric lines up with economic realities.” Most experts agree that if enacted, Trump’s changes could have a chaotic impact on the global economy and spark a rise in inflation and consumer prices, particularly if tariffs rise to the higher range he has …

Is Trump really so great for bitcoin?
1 month, 1 week ago

Is Trump really so great for bitcoin?

Live Mint  

Bitcoin is now worth more than any U.S.-listed company other than the six biggest. Other crypto-coins could benefit a lot if they also were exempted from SEC rules on prospectuses, while ether could benefit from a more relaxed approach to decentralized finance, but neither change would help bitcoin. “Any regulatory easing that happens for crypto is net more beneficial for …

'Really rude shock' coming to Trump voters on inflation: Nobel Prize-winning economist
Trending News
1 month, 1 week ago

'Really rude shock' coming to Trump voters on inflation: Nobel Prize-winning economist

Raw Story  

New York Times columnist and Nobel Prize-winning economist Paul Krugman said that voters who believed President-elect Donald Trump would do a better job of handling inflation than Vice President Kamala Harris are in for a "really rude shock." In a podcast published by the Times this week, Krugman outlined why Trump's proposed economic policies were likely to do the exact …

'May not survive': Experts say Trump's coalition shows 'great potential for a crackup'
1 month, 1 week ago

'May not survive': Experts say Trump's coalition shows 'great potential for a crackup'

Raw Story  

John Judis and Ruy Teixeira, two political scientists who have been highly critical of the Democratic Party's shift leftward on cultural issues in recent years, nonetheless think that Republicans may be getting ahead of themselves with a talk of a "political realignment." While acknowledging President-elect Donald Trump's impressive win in the 2024 race, Judis and Teixeira write in the New …

Trump faces 'fundamental obstacle' to one of his biggest promises: report
1 month, 1 week ago

Trump faces 'fundamental obstacle' to one of his biggest promises: report

Raw Story  

President-elect Donald Trump has vowed to vastly expand oil production in the United States upon taking office next year, despite the fact that domestic oil production already hit a record high under President Joe Biden. In fact, Semafor reports that the current high rate of oil production is a "fundamental obstacle" to Trump meeting his promise. ExxonMobil CEO Darren Woods …

Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbons
1 month, 1 week 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 …

Is Donald Trump good for Indian investors? A market veteran weighs in.
1 month, 1 week ago

Is Donald Trump good for Indian investors? A market veteran weighs in.

Live Mint  

The suspense over the US elections has lifted—Donald Trump is back, and in full force. Trump has already made it clear to US trade partners: if they want access to American markets, they’ll need to reciprocate. Indian investors find some solace in Trump’s assurance of no “boots on the ground" in new foreign conflicts. Trump’s close ties with Israeli Prime …

Biden laid groundwork for new factories and infrastructure, but Trump might get to cut the ribbons
1 month, 1 week 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 …

The stock market is loving Trump’s return. The bond market has some concerns though
1 month, 1 week ago

The stock market is loving Trump’s return. The bond market has some concerns though

CNN  

CNN — Donald Trump is returning to the White House, and the stock market is loving it. And yet the bond market has some concerns that Trump’s tax cuts could add trillions to the national debt and his massive tariffs and other policies could stoke inflation. ‘The regime change’ For now, stock market investors don’t seem bothered by the jump …

Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbons
1 month, 1 week ago

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

New Indian Express  

WASHINGTON: 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 Joe 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. But Biden aides privately told The Associated Press …

Trump’s comeback to bring massive tariffs, trade wars & global economic turmoil?
1 month, 1 week 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 …

The new Trump Trade looks scarier than the old one
1 month, 1 week ago

The new Trump Trade looks scarier than the old one

Live Mint  

Stocks notched their biggest week of the year after Donald Trump’s victory. Treasury yields, which rise when bond prices fall, climbed after Tuesday’s election, lifted by bets that a second round of Trump tax cuts will boost growth, inflation and budget deficits. Stocks and Treasury yields similarly surged eight years ago when Trump claimed his first electoral win—a major part …

Europe’s economy faces sink-or-swim moment as Trump returns
1 month, 1 week ago

Europe’s economy faces sink-or-swim moment as Trump returns

Live Mint  

Wall Street’s verdict is clear: A second Trump presidency is likely to deliver a blow to an export-dependent European Union that is struggling with sclerotic economic growth and ever-multiplying political crises. “I want German car companies to become American car companies," Trump said last month while holding a rally in Savannah, Ga. “If you don’t make your product here, then …

Frustrated Americans await the economic changes they voted for with Trump
1 month, 2 weeks ago

Frustrated Americans await the economic changes they voted for with Trump

Associated Press  

WASHINGTON — Fed up with high prices and unimpressed with an economy that by just about any measure is a healthy one, Americans demanded change when they voted for president. Trump policies could boost inflation The Peterson Institute for International Economics, a leading think tank, has estimated that Trump’s policies would slash the U.S. gross domestic product — the total …

For what comes next in markets, look back to 2016
1 month, 2 weeks ago

For what comes next in markets, look back to 2016

Live Mint  

The challenge is to split out what he really plans to do, and in what order, from what was merely campaign rhetoric. Clampdowns on immigration and high tariffs would hurt the economy, while lower corporate taxes and less regulation would help economic growth and stock prices. There was a lot of uncertainty ahead of the vote, because the polls—which proved …

What the Trump Trade reveals about the future of the economy : Planet Money : NPR
1 month, 2 weeks ago

What the Trump Trade reveals about the future of the economy : Planet Money : NPR

NPR  

What markets bet President Trump will do Enlarge this image Chip Somodevilla/Michael M. Santiago/Getty Images Chip Somodevilla/Michael M. Santiago/Getty Images On the day after the election, Wall Street responded in a dramatic way. On today's show, we decode what Wall Street thinks about the next Trump presidency — what it means for different parts of the economy, and what it …

'Wrong direction': CNN analyst says Trump win is already hitting Americans in the pocket
1 month, 2 weeks ago

'Wrong direction': CNN analyst says Trump win is already hitting Americans in the pocket

Raw Story  

President-elect Donald Trump's imminent ascent to the White House is already making it more difficult for Americans to buy homes, an economic analyst says. Home loan interest rates have seen an steep uptick to a 6.8 percent average for 30-year fixed mortgages as the bonds market prepares for Trump's economic policies, CNN business reporter Matt Egan said Thursday. Those plans …

What does 'President Trump' mean for economy?
1 month, 2 weeks ago

What does 'President Trump' mean for economy?

ABC  

Rachel Mealey: Donald Trump will swing into office with a big and bold economic agenda, and economists say Australia will feel its effects both positive and negative. David Taylor: Specifically, Donald Trump's promising tax-free tipping at hospitality venues, abolishing tax on Social Security payments and shaving corporations tax. David Taylor: That's because Donald Trump is also proposing new tariffs of …

How Donald Trump's America First agenda could provoke damaging trade wars
1 month, 2 weeks ago

How Donald Trump's America First agenda could provoke damaging trade wars

Daily Mail  

The decisive victory by Donald Trump sent Wall Street stocks to record highs yesterday but sparked warnings his America First agenda will provoke damaging trade wars. UK stocks saw a bounce today in the wake of Donald Trump's stunning victory in the US election The FTSE 100 rose by as much as 130 points in early trading before giving up …

This Trump trade euphoria is likely to fade fast
1 month, 2 weeks ago

This Trump trade euphoria is likely to fade fast

CNN  

A version of this story appeared in CNN Business’ Nightcap newsletter. “There’s still significant volatility in this market … And I think we’ll still see a significant reversal of these trades as the news begins to dawn.” Markets tend to favor a stable, largely predictable macro environment. “We were going to have a positive reaction today, agnostic of who won,” …

How are world economies reacting to Trump's imminent return as U.S. president?
1 month, 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.” …

Trump’s win will affect the global economy
Trending News
1 month, 2 weeks ago

Trump’s win will affect the global economy

The Hindu  

The return of Donald Trump as President of the world’s largest economy accounting for more than a quarter of the global GDP could mean a multiplicity of shifts, some of them detrimental, for several key economies, including India. It would mean a return to escalating trade wars; a continuation of economic protectionism; jettisoning multilateralism; and imposing restrictions on immigration into …

US Election Results: FPI outflows to China trade war—how will Trump’s victory impact global markets? Experts weigh in
1 month, 2 weeks ago

US Election Results: FPI outflows to China trade war—how will Trump’s victory impact global markets? Experts weigh in

Live Mint  

US Election Results 2024: In a remarkable turnaround after losing the 2020 elections, Republican US President Donald Trump secured a record-breaking historic victory in the US Presidential Elections 2024, defeating Democratic Vice President Kamala Harris with over 270 electoral votes to become President-elect officially. Follow Live Updates: US Election Results 2024 LIVE- Donald Trump becomes 47th US President Trump's top …

Why inflation could rise and interest rates remain elevated under a Trump presidency
1 month, 2 weeks ago

Why inflation could rise and interest rates remain elevated under a Trump presidency

CNN  

London CNN — Inflation is likely to rise in the United States and around the world if newly elected US President Donald Trump follows through on his campaign promises to cut taxes, crack down on immigration and hike tariffs on all imported goods. Trump’s proposed economic policies — including deporting immigrants, across-the-board tariffs and increased political influence on the Fed …

America’s economy explains a lot about why Trump got reelected
1 month, 2 weeks ago

America’s economy explains a lot about why Trump got reelected

CNN  

CNN — Donald Trump’s decisive election victory was about many things: a global rejection of incumbents, a rise in the Republican electorate and a battle for the future of America’s democracy. Why the US economy stings so much Housing: America’s home prices have reached new record highs for 15 straight months. That’s a healthy pace by any measure, and it’s …

The Only Real Trump Trades Ride on Rising Interest Rates
1 month, 2 weeks ago

The Only Real Trump Trades Ride on Rising Interest Rates

Bloomberg  

Remember when Donald Trump won the White House in 2016 in part on the promise of “Drill, baby, drill?” Well, it turns out that wasn’t a boon for oil companies. That’s not stopping traders from bidding up would-be winners, like immigrant-detention-center operator Geo Group Inc., or banks that could benefit from laxer regulations. The only ‘real’ Trump trades are those …

U.S. stocks soar as Trump’s victory is met with early investor enthusiasm
1 month, 2 weeks ago

U.S. stocks soar as Trump’s victory is met with early investor enthusiasm

LA Times  

The Wall St. street sign is framed by the American flags flying outside the New York Stock exchange. U.S. stocks soared Wednesday in the wake of Donald J. Trump’s sweeping election victory as investors priced in potential gains for a wide range of industries and a near-term boost to economic growth. In early trading the Dow Jones industrial average surged …

Fears of fresh wave of global inflation after Trump declares victory
Trending News
1 month, 2 weeks ago

Fears of fresh wave of global inflation after Trump declares victory

The Telegraph  

Donald Trump’s victory in the presidential election has reignited fears that he will unleash a fresh wave of global inflation. Analysts said victory for the Republicans – including across Congress – would also push down growth in Europe, extending the bloc’s era of stagnancy. Kallum Pickering, the chief economist at Peel Hunt, said these moves represented the “boon for US-exposed …

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