5 economic forces that could shape the first year of Trump’s presidency
1 month, 3 weeks ago

5 economic forces that could shape the first year of Trump’s presidency

Associated Press  

WASHINGTON — Like most presidents, Donald Trump faces an economy that seldom bends to political ambitions. Here are five economic forces that could shape the first year of Trump’s presidency: For voters, the price still isn’t right Whipping inflation is easier said than done. “But in broad terms, look at what he does and not what he says.” What happens with the national debt Trump likes to blame inflation on the national debt, saying Biden’s policies flooded the U.S. economy with more money than it could absorb. Immigrants are still needed to fill jobs Trump’s executive orders are a clear crackdown on immigration — and that could be a drag on economic growth and cause monthly job gains to slow. “Their spending is somebody else’s income in the economy.” If Trump were simply to put immigration back at his 2017 and 2019 averages of 750,000 immigrants annually, growth could slow from an estimated 2.7% last year to 2% going forward, Panday’s analysis found.

Inflation Wealth Trump Economic Debt Price Voters Biden Billion Tariffs Winfree  economic  voters  billion  wealth  debt  forces  shape  immigration  price  presidency  trumps  trump  inflation  tariffs

History of this topic

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

Why Trump’s greatest first-term strength may be his biggest second-term weakness
1 week, 1 day ago

Why Trump’s greatest first-term strength may be his biggest second-term weakness

CNN  

CNN — In President Donald Trump’s first White House term, public confidence in his handling of the economy was always among his greatest strengths. Likewise, the CNN/SRSS poll released Wednesday found Trump’s approval rating on the economy fell slightly below his overall approval rating for the first time in either of his presidential terms — and matched the lowest economic …

ANDREW NEIL: How team Trump's trying to spin his disastrous economic crash... and the dire consequences for us all
Trending News
1 week, 3 days 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 …

America faces a Trumpian economic slowdown
2 weeks, 4 days ago

America faces a Trumpian economic slowdown

Live Mint  

“The golden age of America begins right now." In the six weeks since that chilly day, investors and economists have started to grapple with a less upbeat possibility: that his arrival in the White House is both causing and coinciding with a period of weakness for America’s economy. Even if Mr Trump again delays imposing levies on Canada and Mexico, …

If Trump wants to fix the inflation crisis, he has a funny way of showing it
3 weeks, 5 days ago

If Trump wants to fix the inflation crisis, he has a funny way of showing it

CNN  

CNN — Inflation appeared nearly defeated just a few months ago, but price hikes started accelerating again, led in particular by rising egg prices and fuel costs. The survey found that Americans are losing confidence in the economy, driven primarily by worries over Trump’s tariffs potentially boosting inflation. A new CNN poll released last Thursday similarly showed pessimism on the …

Trump popularity sinks as Americans quickly sour on economy: poll
1 month ago

Trump popularity sinks as Americans quickly sour on economy: poll

Raw Story  

A new poll from Reuters shows that the early optimism that greeted President Donald Trump's second term is quickly fading as consumers sour on the American economy. According to Reuters, Trump's job approval fell by three points since the start of his second term a month ago, and he's being dragged down by perceptions of the economy, which was the …

Inflation helped Trump get elected. Now it’s his problem.
1 month, 1 week ago

Inflation helped Trump get elected. Now it’s his problem.

Live Mint  

Nothing did more to deliver the White House to Donald Trump than inflation, which helped to sour Americans on former President Joe Biden’s economy. The problem is that Trump has inherited inflation above the Federal Reserve’s 2% target, and his agenda risks keeping it there, making it harder to bring down interest rates. On social media Wednesday, Trump called for …

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 …

Donald Trump's Second Term: 5 economic forces shaping his presidency
1 month, 3 weeks ago

Donald Trump's Second Term: 5 economic forces shaping his presidency

India Today  

WASHINGTON: Like most presidents, Donald Trump faces an economy that seldom bends to political ambitions. Here are five economic forces that could shape the first year of Trump's presidency: For voters, the price still isn't right Whipping inflation is easier said than done. His analysis suggests that if Trump can preserve 3% growth he could extend his expiring 2017 tax …

Trump will begin his presidency in delicate position, poll finds
2 months ago

Trump will begin his presidency in delicate position, poll finds

NPR  

Trump will begin his presidency in delicate position, poll finds toggle caption Scott Olson/Getty Images A new NPR/PBS News/Marist poll finds that, despite his claims of an "unprecedented and powerful mandate," Trump may have to be careful about how far he decides to go with what he wants to do. Perhaps most importantly, Americans have high expectations that their personal …

Trump will begin his presidency in delicate position, poll finds
2 months, 1 week ago

Trump will begin his presidency in delicate position, poll finds

NPR  

Trump will begin his presidency in delicate position, poll finds toggle caption Scott Olson/Getty Images As Donald Trump prepares to once again assume the office of the presidency, a new NPR/PBS News/Marist poll finds that, despite his claims of an "unprecedented and powerful mandate," Trump may have to be careful about how far he decides to go with what he …

Trump’s economic team studies gradual tariff hikes to boost negotiating leverage and avoid inflation spike
2 months, 1 week ago

Trump’s economic team studies gradual tariff hikes to boost negotiating leverage and avoid inflation spike

Live Mint  

Members of President-elect Donald Trump’s incoming economic team are discussing slowly ramping up tariffs month by month, a gradual approach aimed at boosting negotiating leverage while helping avoid a spike in inflation, according to people familiar with the matter. One idea involves a schedule of graduated tariffs increasing by about 2% to 5% a month, and would rely on executive …

Economists are worried Trump will cause 'rising inflation and slowing growth': report
2 months, 2 weeks ago

Economists are worried Trump will cause 'rising inflation and slowing growth': report

Raw Story  

President Joe Biden oversaw the United States economy's recovery from the global pandemic, which included lowering unemployment and a slow reduction in inflation. Fortune reported that more than 200 economists were questioned about the future of the U.S., and many confessed a fear of "rising inflation and slowing growth." In their report, the Financial Times and the University of Chicago …

Americans 'seem to be catching on' to harsh reality of Trump's campaign pledge: columnist
2 months, 3 weeks ago

Americans 'seem to be catching on' to harsh reality of Trump's campaign pledge: columnist

Raw Story  

Americans are starting to wise up to the harsh reality that President-elect Donald Trump has no plan – and never did – to cut prices and bury inflation woes, according to a Washington Post columnist. And that could result in an expensive four years for consumers – many of whom fearing high prices are already stocking up on goods, Catherine …

Trump voters are confident he will turn the economy around, new poll says: ‘He is a good businessman’
3 months ago

Trump voters are confident he will turn the economy around, new poll says: ‘He is a good businessman’

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. Thirty-three percent of Trump voters said, in their own words, they voted for him …

Trump Was Poised To Inherit A Strong Economy. Then Things Got Rocky And He Added To The Uncertainty
3 months ago

Trump Was Poised To Inherit A Strong Economy. Then Things Got Rocky And He Added To The Uncertainty

Huff Post  

LOADING ERROR LOADING WEST PALM BEACH, Fla. — The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the president-elect is contributing to the uncertainty. Trump vowed on social media Wednesday to “fight ’till the end” unless Democrats agreed to lift the debt ceiling as a condition for the short-term funding …

Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty
3 months ago

Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty

Associated Press  

▶ Follow live updates on federal funding negotiations as a government shutdown looms. Trump vowed on social media Wednesday to “fight ’till the end” unless Democrats agreed to lift the debt ceiling as a condition for the short-term funding to keep the federal government open. By Thursday, Trump was claiming on social media that a new deal reached among Republicans …

Column: The U.S. economy is doing very well. But don’t give too much credit to Biden — or Trump
3 months 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 tariffs in his first term did little to alter the economy. This time things could be very different
3 months, 3 weeks ago

Trump’s tariffs in his first term did little to alter the economy. This time things could be very different

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. Democrats and business groups warn of risks from Trump's tariff threats open image in …

Trump has a problem: America's economy is growing but so is its inflation
3 months, 3 weeks 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 growth and trade agendas are at odds. His economic team will point to the winner.
4 months 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 …

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

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

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

Markets hail Trump’s economics
4 months, 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 …

The new Trump Trade looks scarier than the old one
4 months, 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 …

Tariffs, tax cuts and deportations: What Trump’s policies could mean for America’s economy
4 months, 1 week ago

Tariffs, tax cuts and deportations: What Trump’s policies could mean for America’s economy

Firstpost  

Trump campaigned on promises to impose large tariffs on foreign goods, cut taxes for individuals and businesses, and deport millions of undocumented immigrants working in the United States. President-elect Trump has promised to dismantle many of the Biden administration’s policies, pledging substantial tariffs on imports, tax cuts for individuals and businesses, and a crackdown on undocumented immigrants working in the …

Frustrated Americans await the economic changes they voted for with Trump
4 months, 1 week 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 …

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.” …

A 'Trump economy' robs from the American people to enrich the elite
4 months, 3 weeks 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’s promises would spike inflation and wipe out jobs, study finds
5 months, 3 weeks ago

Trump’s promises would spike inflation and wipe out jobs, study finds

CNN  

CNN — Former President Donald Trump has promised to attack the United States affordability crisis by imposing immense tariffs, carrying out unprecedented deportations and even influencing interest rate decisions. A loss of Fed independence would cause “permanently higher inflation” that “leads to ever-increasing prices across the US economy,” the paper said. At an event in Michigan last week, Trump praised …

Hey, Jake and Dana: Here’s What to Ask About the Economy
8 months, 3 weeks ago

Hey, Jake and Dana: Here’s What to Ask About the Economy

Politico  

And here was Chris Wallace’s first economic question in 2020: “President Trump, you say we are in a V-shaped recovery. President Trump, you’ve criticized the U.S. central bank, the Federal Reserve, for its interest rate decisions. He even considered removing Powell from office, although it’s an open question whether the central bank chief can be legally removed solely because the …

Opinion: Trump's claims about the economy in the debate will be lies
8 months, 3 weeks ago

Opinion: Trump's claims about the economy in the debate will be lies

LA Times  

Expect the economy to be debated by President Biden and former President Trump on Thursday. Spoiler alert: “Bottom line, in their totality, Biden’s policies are better for the economy than Trump’s,” Moody’s chief economist Mark M. Zandi told me. Moody’s projects that after Trump’s recession, the economy would return to growth late in his second term, for average annual growth …

'Trump inflation bomb' coming should he win second term: Nobel Prize-winning economists
8 months, 3 weeks ago

'Trump inflation bomb' coming should he win second term: Nobel Prize-winning economists

Raw Story  

16 Nobel Prize-winning economists have warned that former President Donald Trump's second-term agenda could create what Axios is describing as an "inflation bomb" that would rock the global economy. In a letter, the economists argue that a combination of more tax cuts for corporations, a labor shortage caused by the mass deportation of undocumented immigrants, and looser monetary policy in …

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 …

Thanks to consumers, US economy is rising steadily if slowly
5 years, 6 months ago

Thanks to consumers, US economy is rising steadily if slowly

Associated Press  

WASHINGTON — The U.S. economy slowed in the spring, and most analysts expect it to weaken further in the months ahead. The nation’s gross domestic product — the broadest gauge of economic health — grew at a moderate 2% annual rate in the April-June quarter, the Commerce Department reported Thursday. But most think consumer spending will be enough to offset …

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 …

One Huge Problem With Trump's Promise To Grow The U.S. Economy
7 years, 9 months ago

One Huge Problem With Trump's Promise To Grow The U.S. Economy

NPR  

One Huge Problem With Trump's Promise To Grow The U.S. Economy Enlarge this image toggle caption Rob Smith/Getty Images Rob Smith/Getty Images On paper President Trump's newly unveiled budget proposal is balanced. But that's predicated on an extraordinarily rosy projection for U.S. economic growth: Trump says he expects to achieve annual increases of 3 percent — a substantial boost from …

Opinion: President Trump is lucky to be riding a better economic wave than his predecessors caught
8 years ago

Opinion: President Trump is lucky to be riding a better economic wave than his predecessors caught

LA Times  

How are President Trump’s first 100 days different from those of his last three predecessors? The economy wasn’t technically in a recession when Clinton took office — that downturn officially lasted from July 1990 through March 1991 — but unemployment remained high and growth sluggish through his first year. Friday’s jobs report for February, Trump’s first full month in office, …

What history has to say about the economy Trump will inherit
8 years, 2 months ago

What history has to say about the economy Trump will inherit

Live Mint  

New York: Bloomberg Research suggests factors beyond the control of any US president, not their actual policies, set the course of the economy. Trump has said he’s aiming to achieve 3.5 to 4% average annual growth, even as real GDP expansion is projected to average just 2.2% next year and 2.3% in 2018, according to economists. Non-farm payrolls in November …

Donald Trump: How his plan to 'Make America Great Again' could cost world economies
8 years, 4 months ago

Donald Trump: How his plan to 'Make America Great Again' could cost world economies

ABC  

So, there really was nothing to fear. Turning back the clock will not revive industrial America No matter which way he plays it, Trump's supporters will end up bitterly disappointed. Working-class backlash delivers Trump Donald Trump's election is symptomatic of a broken economic system, writes Stephen Long. And with China dominating our trade, Trump's proposed trade war with the Asian …

How President Donald Trump will wreck the world economy
8 years, 4 months ago

How President Donald Trump will wreck the world economy

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. Far more terrifying, though, and surprisingly …

Donald Trump revises his economic plan but leaves many questions unanswered
8 years, 6 months ago

Donald Trump revises his economic plan but leaves many questions unanswered

LA Times  

Donald Trump scaled back his grandiose plan for tax cuts while proposing more benefits for lower-income households in a speech Thursday, but experts say the numbers in his newly revised economic growth blueprint still don’t add up. Still, he said, the lowering of tax rates, plus Trump’s previously announced idea to repeal the estate tax and alternative minimum tax, would …

Donald Trump presidency could cost US economy $1 trillion: Oxford Economics
8 years, 6 months ago

Donald Trump presidency could cost US economy $1 trillion: Oxford Economics

Live Mint  

London: The US economy could be $1 trillion smaller than otherwise expected in 2021 if Republican candidate Donald Trump wins the presidential election in November, economics research firm Oxford Economics said on Tuesday. While the firm said Trump’s policies—including more protectionist trade measures, tax cuts and mass deportation of illegal immigrants—may be watered down in negotiations with Congress, they could …

Trump tries to recover from blunders by sketching his economic agenda
8 years, 7 months ago

Trump tries to recover from blunders by sketching his economic agenda

LA Times  

Donald Trump delivered a group of economic proposals at the Detroit Economic Club on Monday. It came as 50 senior Republican national security officials, including several members of President George W. Bush’s Cabinet, signed a letter warning that Trump “would be the most reckless president in American history.” Trump, they wrote, “lacks the character, values and experience” to be president …

How Donald Trump Could Benefit In November From A Bad Economy
8 years, 9 months ago

How Donald Trump Could Benefit In November From A Bad Economy

NPR  

How Donald Trump Could Benefit In November From A Bad Economy Enlarge this image toggle caption Josh Edelson/AFP/Getty Images Josh Edelson/AFP/Getty Images The latest jobs report was downright ugly. They found that growth in personal income in the six months leading up to an election greatly boosts the president's party's performance — regardless of how well the economy was doing …

Trumponomics: What is Donald Trump's economic vision?
9 years ago

Trumponomics: What is Donald Trump's economic vision?

ABC  

Donald Trump has campaigned on protectionist trade policy Strong jobs growth is unlikely to affect the campaign of US presidential hopeful Donald Trump because his supporters are mainly people who have been passed over by the economic recovery, writes Sheryle Bagwell. Strong jobs growth is unlikely to affect the campaign of US presidential hopeful Donald Trump because his supporters are …

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