2025 Chinese New Year: Looming Supply Chain Disruptions
The 2025 Chinese New Year (CNY) will likely cause significant supply chain disruptions due to potential US tariffs, US port strikes, and a weakening Chinese economy impacting production and labor.
2025 Chinese New Year: Looming Supply Chain Disruptions
The 2025 Chinese New Year (CNY) will likely cause significant supply chain disruptions due to potential US tariffs, US port strikes, and a weakening Chinese economy impacting production and labor.
Progress
48% Bias Score
World Bank Warns of U.S. Tariff Impact on Global Growth
The World Bank warns that U.S. tariffs could reduce global growth by 0.3 percentage points in 2025 and U.S. growth by 0.9 percentage points if retaliatory tariffs are imposed, while extending U.S. tax cuts could boost U.S. growth by 0.4 percentage points in 2026; the report also highlights weak grow...
World Bank Warns of U.S. Tariff Impact on Global Growth
The World Bank warns that U.S. tariffs could reduce global growth by 0.3 percentage points in 2025 and U.S. growth by 0.9 percentage points if retaliatory tariffs are imposed, while extending U.S. tax cuts could boost U.S. growth by 0.4 percentage points in 2026; the report also highlights weak grow...
Progress
40% Bias Score
December Inflation Rise Could Restrict Fed Rate Cuts
U.S. inflation likely increased to 2.8% in December 2024, fueled by higher gas, egg, and used car prices; this rise, exceeding the Fed's 2% target, could limit interest rate cuts despite a robust job market and concerns about the impact of President-elect Trump's proposed policies.
December Inflation Rise Could Restrict Fed Rate Cuts
U.S. inflation likely increased to 2.8% in December 2024, fueled by higher gas, egg, and used car prices; this rise, exceeding the Fed's 2% target, could limit interest rate cuts despite a robust job market and concerns about the impact of President-elect Trump's proposed policies.
Progress
40% Bias Score
Trump to Create "External Revenue Service" to Collect Tariffs
President-elect Donald Trump announced the creation of an "External Revenue Service" starting January 20, 2025, to collect tariffs and revenue from foreign sources, shifting the US's revenue generation from domestic taxes to tariffs, potentially impacting the US economy and foreign relations.
Trump to Create "External Revenue Service" to Collect Tariffs
President-elect Donald Trump announced the creation of an "External Revenue Service" starting January 20, 2025, to collect tariffs and revenue from foreign sources, shifting the US's revenue generation from domestic taxes to tariffs, potentially impacting the US economy and foreign relations.
Progress
40% Bias Score
Whitmer Seeks Collaboration with Trump Amidst Concerns Over Tariffs
Michigan Governor Gretchen Whitmer, despite President-elect Trump's win, seeks collaboration on key issues; she will address the Detroit Auto Show Wednesday, emphasizing compromise and collaboration with both Republicans and Democrats, while also engaging with Canadian officials regarding tariffs.
Whitmer Seeks Collaboration with Trump Amidst Concerns Over Tariffs
Michigan Governor Gretchen Whitmer, despite President-elect Trump's win, seeks collaboration on key issues; she will address the Detroit Auto Show Wednesday, emphasizing compromise and collaboration with both Republicans and Democrats, while also engaging with Canadian officials regarding tariffs.
Progress
52% Bias Score
Moderate Growth Projected for US Consumer Spending in 2025, Despite Tariff and Conflict Risks
US consumer spending in 2025 is projected to rise moderately, fueled by job growth and wage increases exceeding inflation, but potential tariffs and international conflicts pose significant risks, potentially dampening consumer confidence and spending on discretionary items.
Moderate Growth Projected for US Consumer Spending in 2025, Despite Tariff and Conflict Risks
US consumer spending in 2025 is projected to rise moderately, fueled by job growth and wage increases exceeding inflation, but potential tariffs and international conflicts pose significant risks, potentially dampening consumer confidence and spending on discretionary items.
Progress
36% Bias Score
Canada Explores Retaliatory Options Against Potential US Tariff Hike
Canadian Prime Minister Justin Trudeau and provincial leaders are exploring retaliatory options against a potential 25% US tariff increase on Canadian imports, considering tariffs on US steel, ceramics, glass, and Florida orange juice, while Alberta's premier opposes any energy export restrictions.
Canada Explores Retaliatory Options Against Potential US Tariff Hike
Canadian Prime Minister Justin Trudeau and provincial leaders are exploring retaliatory options against a potential 25% US tariff increase on Canadian imports, considering tariffs on US steel, ceramics, glass, and Florida orange juice, while Alberta's premier opposes any energy export restrictions.
Progress
60% Bias Score
Trump's Tariffs Threaten 500,000 Canadian Jobs
U.S. President-elect Donald Trump's impending return to office brings renewed threats of 25 percent tariffs on Canadian imports, potentially costing Ontario 500,000 jobs and causing a significant economic downturn for Canada, prompting varied responses from Canadian leaders.
Trump's Tariffs Threaten 500,000 Canadian Jobs
U.S. President-elect Donald Trump's impending return to office brings renewed threats of 25 percent tariffs on Canadian imports, potentially costing Ontario 500,000 jobs and causing a significant economic downturn for Canada, prompting varied responses from Canadian leaders.
Progress
56% Bias Score
Trump's Tariffs Could Boost Mexico, Not US, Manufacturing
President-elect Trump's planned tariffs on Chinese imports could inadvertently benefit Mexico as companies shift production there to avoid tariffs, contradicting his promise to bring jobs back to the US and potentially causing legal challenges and economic upheaval.
Trump's Tariffs Could Boost Mexico, Not US, Manufacturing
President-elect Trump's planned tariffs on Chinese imports could inadvertently benefit Mexico as companies shift production there to avoid tariffs, contradicting his promise to bring jobs back to the US and potentially causing legal challenges and economic upheaval.
Progress
48% Bias Score
Alberta-BC Wine Deal: A Crack in Canada's Interprovincial Trade Barriers
Alberta and British Columbia signed a one-year agreement allowing Albertans to buy B.C. wine directly, marking a small step towards addressing Canada's long-standing interprovincial trade barriers, which a Queen's University study suggests could increase GDP per capita by 4% if eliminated.
Alberta-BC Wine Deal: A Crack in Canada's Interprovincial Trade Barriers
Alberta and British Columbia signed a one-year agreement allowing Albertans to buy B.C. wine directly, marking a small step towards addressing Canada's long-standing interprovincial trade barriers, which a Queen's University study suggests could increase GDP per capita by 4% if eliminated.
Progress
52% Bias Score
Brown-Forman Cuts Workforce, Closes Cooperage Amidst Industry Headwinds
Brown-Forman Corp. announced a 12% global workforce reduction and the closure of its Louisville cooperage by April 25, impacting 210 employees, due to economic challenges, shifting consumer trends, and potential renewed tariffs; the company projects $70-$80 million in annual cost savings.
Brown-Forman Cuts Workforce, Closes Cooperage Amidst Industry Headwinds
Brown-Forman Corp. announced a 12% global workforce reduction and the closure of its Louisville cooperage by April 25, impacting 210 employees, due to economic challenges, shifting consumer trends, and potential renewed tariffs; the company projects $70-$80 million in annual cost savings.
Progress
36% Bias Score
Potential 55% Tariff on Canadian Lumber to Hike U.S. Prices
Canadian sawmills face potential U.S. tariffs adding 25 percent to the existing 14.4 percent duty on softwood lumber, prompting price increases for American customers; this follows a long-standing trade dispute, with the U.S. alleging unfair Canadian government subsidies.
Potential 55% Tariff on Canadian Lumber to Hike U.S. Prices
Canadian sawmills face potential U.S. tariffs adding 25 percent to the existing 14.4 percent duty on softwood lumber, prompting price increases for American customers; this follows a long-standing trade dispute, with the U.S. alleging unfair Canadian government subsidies.
Progress
40% Bias Score