'Flashing a warning': Economist says Trump's plans leading to 'a terrible outcome'
1 month, 4 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 December policy meeting indicate there will probably be more inflation, according to economist and market strategist Rebecca Patterson in a column for the New York Times. "The risks around the inflation forecast were seen as tilted to the upside.” With higher inflation, the central bank would find it harder to cut rates, and financial markets have cut their expectations of Fed cuts in 2025, and analysts are also concerned the new administration will increase the budget deficit. "There is a more benign scenario in which rising term premiums and higher bond yields can occur alongside appreciating equity markets, in which case savers benefit and borrowers’ challenges are more manageable," Patterson wrote. That might have happened last fall, when the S&P 500, term premium on a 10-year Treasury and the bond yield all rose at the same time, even after the Federal Reserve cut the short-term interest rate, which Patterson said could have reflected expectations that Trump would boost growth with economic deregulation without boosting inflation.

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History of this topic

Is Trump’s fiscal daredevilry a ticking time bomb for the US economy?
2 days, 15 hours ago

Is Trump’s fiscal daredevilry a ticking time bomb for the US economy?

Firstpost  

Instead of making America great again, President Donald Trump’s economic and trade policies, ranging from tariffs to unfunded tax cuts and borrowings, appear to be driving the nation towards stagflation US President Donald Trump has promised to make America great again, but he appears to be unleashing a ticking time bomb on the US economy. Trump economic and trade policies, …

Trump urges Fed to cut rates as tariffs bring uncertainty
1 week ago

Trump urges Fed to cut rates as tariffs bring uncertainty

China Daily  

Traders work as a screen broadcasts a news conference by US Federal Reserve Chair Jerome Powell, on the floor of the New York Stock Exchange in New York City on Wednesday. BRENDAN MCDERMID/REUTERS WASHINGTON — US President Donald Trump urged the Federal Reserve on Wednesday to cut interest rates to help offset the effects of his tariffs, renewing his vocal …

Tariffs give the Fed an inflation foil
1 week, 1 day ago

Tariffs give the Fed an inflation foil

Live Mint  

President Trump likes to blame Federal Reserve Chairman Jerome Powell for any trouble in the economy, but on Wednesday Mr. Powell was able to blame Mr. Trump’s tariffs for at least some of an anticipated inflation rebound. Instead, Mr. Powell shifted the focus to the tariffs Mr. Trump keeps threatening against all and sundry as an explanation for whatever might …

Fed projections show economy radically changed by Trump’s election
1 week, 1 day ago

Fed projections show economy radically changed by Trump’s election

Live Mint  

The Federal Reserve’s first set of projections since Donald Trump’s inauguration underscored—in the central bank’s understated and technocratic fashion—just how much the president’s plans to press ahead with widespread tariffs have turned the economic outlook on its head. “We now have inflation coming in from an exogenous source, but the underlying inflationary picture before that was basically 2½% inflation, 2% …

Trump pushes for interest rate cut to "ease" effect of tariffs
1 week, 1 day ago

Trump pushes for interest rate cut to "ease" effect of tariffs

Salon  

Donald Trump wants the Federal Reserve to lower interest rates before the economy feels the effects of his sweeping tariffs. The president's comments came after Fed Chair Jerome Powell announced Wednesday that rates would remain steady amid an "unusually elevated" uncertainty surrounding the on-and-off tariffs. “We think the right thing to do is to wait here for greater clarity about …

US Fed expected to sit tight as Trump tariff fears buffet markets
1 week, 2 days ago

US Fed expected to sit tight as Trump tariff fears buffet markets

Raw Story  

by Daniel AVIS The US Federal Reserve is widely expected to extend its rate cut pause on Wednesday as it seeks to chart a path through the economic turbulence unleashed by President Donald Trump's on-again, off- again approach to tariffs. Many analysts fear Trump's tariffs, civil service job cuts, and immigration plans could push up inflation and hamper economic growth, …

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos
1 week, 2 days ago

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos

CNN  

Washington CNN — The Federal Reserve on Wednesday kept interest rates unchanged as central bank officials weigh the impact of President Donald Trump’s aggressive economic agenda. Fed Chair Jerome Powell in his post-meeting news conference acknowledged the high level of uncertainty among American consumers and businesses — a lot of it stemming from the Trump administration’s “turmoil,” he said. Powell …

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos
1 week, 2 days ago

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos

CNN  

Washington CNN — The Federal Reserve on Wednesday kept interest rates unchanged as central bank officials weigh the impact of President Donald Trump’s aggressive economic agenda. Fed Chair Jerome Powell in his post-meeting news conference acknowledged the high level of uncertainty among American consumers and businesses — a lot of it stemming from the Trump administration’s “turmoil,” he said. Powell …

"Fat, dumb, foolish country": Trump says US has been "pillaged" via trade deals
1 week, 2 days ago

"Fat, dumb, foolish country": Trump says US has been "pillaged" via trade deals

Salon  

Donald Trump says he woke up one morning and saw the truth: America's a sucker. The president shared his unvarnished opinion of the country he leads during a Wednesday night interview on Fox News' "The Ingraham Angle." Trump went on to say that the country had been "raped and pillaged" by "our friends" and waved off concerns that a trade …

Trump’s tariffs are inflicting serious economic damage and reigniting inflation, OECD says
1 week, 4 days ago

Trump’s tariffs are inflicting serious economic damage and reigniting inflation, OECD says

CNN  

CNN — President Donald Trump’s tariff policies are slowing economic growth in the United States and around the world while sending prices higher again, creating a toxic stew for the global economy that could grow even worse if tensions escalate, the Organisation for Economic Co-operation and Development said Monday. The OECD report shows what US markets have been signaling for …

Market strategist calls Trump tariffs 'trade barriers' that will lead to 'stagflation'
2 weeks, 1 day ago

Market strategist calls Trump tariffs 'trade barriers' that will lead to 'stagflation'

Raw Story  

Ed Yardeni, whom CNBC calls "one of the biggest bulls on Wall Street," claimed President Donald Trump’s extensive tariffs are raising the risk of "stagflation." CNBC reported that Yardeni sent a note to clients Thursday, saying, “It has dawned on Wall Street that President Trump’s tariffs aren’t negotiating chips to help the U.S. lower tariffs around the world, promoting free …

Is Trump taking a ‘liquidationist’ approach to the economy?
2 weeks, 2 days 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, 2 days 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 …

"Don’t know what this is gonna look like tomorrow": Trump advisers, allies spooked by tariff chaos
2 weeks, 2 days ago

"Don’t know what this is gonna look like tomorrow": Trump advisers, allies spooked by tariff chaos

Salon  

You don't need to venture far from the Oval Office to find critics of President Donald Trump's chaotic economic agenda. That's the news from the Wall Street Journal, who spoke with insiders in Trump's White House and found that the volatile stock market and tariff-induced uncertainty have rattled senior officials like Chief of Staff Susie Wiles. “Every member of the …

It’ll be tough for Trump to dig his way out of this one
Trending News
2 weeks, 2 days ago

It’ll be tough for Trump to dig his way out of this one

CNN  

CNN — With his chaotic trade policy, President Donald Trump is digging himself into an economic and political hole so deep, it may prove impossible to climb out. Trump has been provided with multiple escape routes and off-ramps: His advisers and economic brain trust, including Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and National Economic Council Director Kevin Hassett …

It’ll be tough for Trump to dig his way out of this one
Trending News
2 weeks, 2 days ago

It’ll be tough for Trump to dig his way out of this one

CNN  

CNN — With his chaotic trade policy, President Donald Trump is digging himself into an economic and political hole so deep, it may prove impossible to climb out. Trump has been provided with multiple escape routes and off-ramps: His advisers and economic brain trust, including Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and National Economic Council Director Kevin Hassett …

'Flashing signs': WSJ editorial board begs Trump to change course amid 'recession fears'
2 weeks, 3 days ago

'Flashing signs': WSJ editorial board begs Trump to change course amid 'recession fears'

Raw Story  

The Wall Street Journal's conservative editorial board once again sounded the alarm that economic warning signs are flashing — but President Donald Trump isn't listening. the board warned Monday evening that "recession fears are roiling markets," though acknowledging the precipitous drop in the stock market could be "merely a market correction." labor participation rate fell 0.2 percentage points and transportation …

Trump doubles planned tariffs on Canadian steel and aluminum to 50% as trade war intensifies
Trending News
2 weeks, 3 days ago

Trump doubles planned tariffs on Canadian steel and aluminum to 50% as trade war intensifies

New Indian Express  

WASHINGTON: President Donald Trump said that he will double his planned tariffs on steel and aluminum from 25% to 50% for Canada, escalating a trade war with the United States' northern neighbor. Trump said the increase of the tariffs set to take effect on Wednesday is a response to the price increases that the provincial government of Ontario put on …

'Going to bite him': Dem pundit wrecks Trump's handling of economy amid recession fears
2 weeks, 4 days ago

'Going to bite him': Dem pundit wrecks Trump's handling of economy amid recession fears

Raw Story  

Democratic strategist Maria Cardona issued a warning to President Donald Trump about his handling of the economy, telling CNN Monday that it will "come back and bite him." Trump had a chance to tamp down recession fears when asked by Fox Business Network's Maria Bartiromo on Sunday, but said only, "I hate to predict things like that. That's how much …

Recession ahead? Why the US economy is on shaky ground under Trump
2 weeks, 4 days 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 …

Ground Game: Trump’s tariff uncertainty, transactional diplomacy and Bernie Sanders leadership
55 years, 2 months ago

Ground Game: Trump’s tariff uncertainty, transactional diplomacy and Bernie Sanders leadership

Associated Press  

The president last week imposed and then quickly paused 25% tariffs on imports from Mexico and Canada that sent markets tumbling over concerns of a trade war. Trump said in a taped interview with Fox News Channel’s “Sunday Morning Futures” that his plans for broader “reciprocal tariffs” will go into effect April 2, raising them to match what other countries …

Trump won’t rule out potential recession this year
2 weeks, 4 days ago

Trump won’t rule out potential recession this year

Live Mint  

President Donald Trump said Americans should expect “a little disturbance" from his tariffs and trade policies and he wouldn’t rule out the potential for a recession this year. “I hate to predict things like that," Trump told Fox News’ Sunday Morning Futures. Lutnick said Trump’s reciprocal tariffs will ultimately drive down prices and lead to an economic boom for the …

'I Hate To Predict Things': Trump On Whether US Will Face Recession This Year
2 weeks, 4 days ago

'I Hate To Predict Things': Trump On Whether US Will Face Recession This Year

ABP News  

US President Donald Trump declined to predict whether the country could face a recession this year amid stock market concerns about his recent tariff actions on Mexico, Canada and China. “April 2nd, it becomes all reciprocal,” Trump said, “What they charge us, we charge them.” AFP reported that when asked later on Sunday to clarify his remarks on whether there …

Trump downplays business concerns about uncertainty from his tariffs and prospect of higher prices
2 weeks, 5 days ago

Trump downplays business concerns about uncertainty from his tariffs and prospect of higher prices

Live Mint  

WEST PALM BEACH, Fla. — President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices, and isn't ruling out the possibility of a recession this year. After imposing and then quickly pausing 25% tariffs on imports from Mexico and Canada that sent …

Trump downplays business concerns about uncertainty from his tariffs and prospect of higher prices
Top News
2 weeks, 5 days ago

Trump downplays business concerns about uncertainty from his tariffs and prospect of higher prices

Associated Press  

WEST PALM BEACH, Fla. — President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices, and isn’t ruling out the possibility of a recession this year. After imposing and then quickly pausing 25% tariffs on imports from Mexico and Canada that sent …

Trump dismisses concerns over back-and-forth levies, says 'tariffs could go up'
2 weeks, 5 days ago

Trump dismisses concerns over back-and-forth levies, says 'tariffs could go up'

NPR  

Trump dismisses concerns over back-and-forth levies, says 'tariffs could go up' toggle caption Ben Curtis/AP/AP President Trump defended his administration's economic policy after he imposed tariffs on Mexico and Canada last week and then rolled some of those levies back, causing what critics say is uncertainty for businesses and the broader economy. During an interview with Fox News Channel's Sunday …

Trump downplays business concerns about uncertainty from his tariffs, prospect of higher prices
2 weeks, 5 days ago

Trump downplays business concerns about uncertainty from his tariffs, prospect of higher prices

LA Times  

President Trump waves before departing on Marine One from the South Lawn of the White House on Friday in Washington. After imposing and then quickly pausing 25% tariffs on imports from Mexico and Canada that sent markets tumbling over concerns of a trade war, Trump said his plans for broader “reciprocal” tariffs will go into effect April 2, raising them …

Growing Fear Of 'Trump Recession' Amid Tariff Whiplash And DOGE Chaos
2 weeks, 6 days ago

Growing Fear Of 'Trump Recession' Amid Tariff Whiplash And DOGE Chaos

Huff Post  

President Donald Trump delivers remarks in the Oval Office of the White House in Washington, Friday, March 7, 2025. via 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. “Ongoing policy turbulence and a tariff …

US economic worries mount as Trump implements tariffs, cuts workforce and freezes spending
Trending News
2 weeks, 6 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 …

'Hell to pay': Republican warns Trump 'playing with fire' — and gives him a history lesson
3 weeks ago

'Hell to pay': Republican warns Trump 'playing with fire' — and gives him a history lesson

Raw Story  

The real world realities being ushered in by President Donald Trump’s economic policies triggered alarm bells for former Rep. Mark Sanford, who not only sounded off on their effects on the American public – but also on the GOP’s chances in 2026 midterm elections. The warnings from the former South Carolina governor came Thursday during an appearance on CNN's “Erin …

Fed Chair Powell says he’s not worried about the economy amid Trump’s tariff chaos
Trending News
3 weeks ago

Fed Chair Powell says he’s not worried about the economy amid Trump’s tariff chaos

CNN  

Washington CNN — America is feeling uneasy about the Trump administration’s rapid-fire trade policy changes, but Federal Reserve Chair Jerome Powell said Friday he’s not worried. America’s souring economic mood comes at a time when the US economy has shown early signs of slowing, but also of stubbornly elevated inflation — a toxic combination sometimes referred to as stagflation. Factoring …

Fed Chair Powell says he’s not worried about the economy amid Trump’s tariff chaos
3 weeks ago

Fed Chair Powell says he’s not worried about the economy amid Trump’s tariff chaos

CNN  

Washington CNN — America is feeling uneasy about the Trump administration’s rapid-fire trade policy changes, but Federal Reserve Chair Jerome Powell said Friday he’s not worried. Factoring in Trump’s uncertainty Fed policymakers manage uncertainty by trying to predict the different ways the economy could evolve in the coming months, based on economic models using a vast array of data. “I’d …

'Freaked out' Trump backed off tariff plan after seeing markets tank: MSNBC analyst
3 weeks, 1 day ago

'Freaked out' Trump backed off tariff plan after seeing markets tank: MSNBC analyst

Raw Story  

President Donald Trump is less concerned about how the American people are faring from his back-and-forth on tariffs than he is on how the stock market is reacting, according to an MSNBC political analyst. During a Thursday broadcast that aired shortly after Trump reversed course on Mexico tariffs, anchor Chris Jansing asked, "Is there any consideration at all for the …

Trump effect? Investors looking beyond dollar, poll suggests trade war may trigger its decline
3 weeks, 1 day ago

Trump effect? Investors looking beyond dollar, poll suggests trade war may trigger its decline

Firstpost  

The future of the US dollar’s dominance is increasingly uncertain as investors weigh the impact of the second Trump administration, rising trade tensions, shifting monetary policies and global moves toward alternative currencies The US dollar has been a key part of the global financial system for a long time. Trump’s trade policies and the dollar’s volatility US President Donald Trump’s …

US hurtling towards recession, warns financial analyst Jesse Colombo amid uncertainty over Trump tariffs
3 weeks, 1 day ago

US hurtling towards recession, warns financial analyst Jesse Colombo amid uncertainty over Trump tariffs

Firstpost  

With GDP estimates turning negative, consumer spending slowing, and market indicators pointing to a downturn, fears of a US recession in 2025 are intensifying A US-based analyst has predicted that US is heading towards a recession. Analyst Jesse Colombo, who previously predicted economic trouble in December, said the downturn was evident long before President Donald Trump’s election victory in November. …

Dollar Faces Biggest Threat in Decades From ‘Scary’ Moves, Summers Says
3 weeks, 2 days ago

Dollar Faces Biggest Threat in Decades From ‘Scary’ Moves, Summers Says

Live Mint  

-- Former Treasury Secretary Lawrence Summers said that volatile policy actions and rhetoric from President Donald Trump are posing the biggest risk to the dollar’s dominance in the world economy in half a century. “The broad approach we are taking to the rest of the world represents the biggest threat to the US dollar’s role as the central currency in …

Trump tariff uncertainty overshadows growth promises: analysts
3 weeks, 2 days ago

Trump tariff uncertainty overshadows growth promises: analysts

Raw Story  

by Beiyi SEOW President Donald Trump's tariffs and the retaliation they attracted will likely weigh on US growth and boost inflation, according to analysts, but, beyond that, uncertainty surrounding the levies threatens to overshadow optimism about his future policies. Trump reignited trade wars this week with hefty duties on Canadian, Mexican and Chinese imports, drawing sharp retaliation from Ottawa and …

Jittery Republicans Fear Trump Tariffs Will Cause 'Disaster,' Hike Prices
3 weeks, 3 days ago

Jittery Republicans Fear Trump Tariffs Will Cause 'Disaster,' Hike Prices

Huff Post  

LOADING ERROR LOADING WASHINGTON — President Donald Trump’s trade war with three of America’s largest trading partners — Mexico, Canada and China — has unnerved congressional Republicans who worry about their constituents paying higher prices on goods and a broader downturn in the U.S. economy. “I assume I’m going to hear from farmers to contact the secretary of commerce to …

'Start of a downward spiral': Major business group issues red alert on Trump
3 weeks, 3 days ago

'Start of a downward spiral': Major business group issues red alert on Trump

Raw Story  

Andrew Wilson, deputy secretary-general of the International Chamber of Commerce, is issuing a red alert about the trade wars sparked by President Donald Trump in the last day. The Wall Street Journal reports that Wilson warned that Trump's tariffs against Canada and Mexico could be putting the global economy on the path to an economic depression that rivals the Great …

Retailers warn Americans to pay more after Trump launches trade war: Report
3 weeks, 3 days ago

Retailers warn Americans to pay more after Trump launches trade war: Report

Firstpost  

Hours after President Donald Trump’s long-threatened tariffs against Canada and Mexico and his hike in levies on China came into effect on Tuesday, CEOs of two large retailers in the US said shoppers are likely to see prices rise as a result of the tariffs, according to a report Hours after President Donald Trump’s long-threatened tariffs against Canada and Mexico …

‘He Finally Shot the Hostage’: Trump’s Trade War Is a Brutal Reality Check
3 weeks, 3 days ago

‘He Finally Shot the Hostage’: Trump’s Trade War Is a Brutal Reality Check

Politico  

Everyone should have seen this coming. “He finally shot the hostage.” Trump’s move to shatter supply chains across North America is a stunning development, no matter how foreseeable, and it’s changing the U.S. outlook fast. Though Trump told reporters in early February that Americans could feel “some pain” from the trade wars, he and his advisers have argued tariffs aren’t …

"Americans will pay more": Stocks tank, US hit with retaliatory tariffs after Trump announcement
3 weeks, 3 days ago

"Americans will pay more": Stocks tank, US hit with retaliatory tariffs after Trump announcement

Salon  

President Donald Trump's announcement Monday that his administration will impose across-the-board 25% tariffs against Canada and Mexico as well as a 10% tariff increase against China, effective Tuesday at midnight, was met with returning fire from those three countries — and a stock market tumble even as he was still speaking. Trump was boasting about what he characterized as his …

'Recession is coming': Critics outraged as Trump vows steep tariffs imminent
3 weeks, 4 days 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 …

America faces a Trumpian economic slowdown
3 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, …

Trump’s tariff chaos threatens an economy already flashing yellow lights
3 weeks, 4 days ago

Trump’s tariff chaos threatens an economy already flashing yellow lights

CNN  

CNN — The health of the US economy is looking less and less stable by the day. Commerce Secretary Howard Lutnick told CNN’s Pamela Brown and Wolf Blitzer on Monday he expects the president to make a final decision “this afternoon.” Those tariffs — if they get imposed — could increase costs for Americans at a time when inflation remains …

Trump’s tariff chaos threatens an economy already flashing yellow lights
3 weeks, 4 days ago

Trump’s tariff chaos threatens an economy already flashing yellow lights

CNN  

CNN — The health of the US economy is looking less and less stable by the day. Commerce Secretary Howard Lutnick told CNN’s Pamela Brown and Wolf Blitzer on Monday he expects the president to make a final decision “this afternoon.” Those tariffs — if they get imposed — could increase costs for Americans at a time when inflation remains …

‘Pessimistic’: Economists warn Trump’s policies are raising prices 'quite substantially'
1 month ago

‘Pessimistic’: Economists warn Trump’s policies are raising prices 'quite substantially'

Raw Story  

Looming tariffs and sweeping firings of federal workers are “chilling” the economy, ABC News reported Thursday. “It’s adding to investment uncertainty, and some people are holding back on investments.” Trump said that he will impose 25 percent tariffs on Mexico and Canada on March 4. And Elon Musk’s Department of Government Efficiency “also impacts consumption, because people are losing their …

'American backlash' coming at Trump over signature policy: poll
1 month ago

'American backlash' coming at Trump over signature policy: poll

Raw Story  

With inflation showing signs of heating back up, American voters are taking a dimmer view of of president Donald Trump's signature economic policy. Bloomberg reports that Trump "risks American consumer backlash" if he follows through on threats to slap tariffs on all imported goods from Mexico and Canada, as a new Harris poll conducted on behalf of Bloomberg shows 60 …

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

'Not good': Ex-Trump official sounds alarm on ominous economic signals
1 month ago

'Not good': Ex-Trump official sounds alarm on ominous economic signals

Raw Story  

Former Donald Trump administration adviser and Fox News economic commentator Larry Kudlow delivered some ominous words for the president in a segment Friday, warning that key economic indicators signal stagflation could be brewing. President Donald Trump inherited a strong, if still slightly overheated, economy from former President Joe Biden, with jobs numbers hovering around full employment and inflation significantly down …

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