Tag #Us Economy

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cnn.com

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Apr 16, 16:14

Trump Tariffs Trigger Global Trade War, Causing Trillion-Dollar Market Decline

President Trump's tariffs, announced two weeks prior, sparked a global trade war, causing a multi-trillion dollar market decline and prompting international travel warnings; foreign arrivals to the US plummeted 20%, impacting the US travel industry.

Trump Tariffs Trigger Global Trade War, Causing Trillion-Dollar Market Decline

President Trump's tariffs, announced two weeks prior, sparked a global trade war, causing a multi-trillion dollar market decline and prompting international travel warnings; foreign arrivals to the US plummeted 20%, impacting the US travel industry.

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How are foreign countries responding to the US trade policies and their impact?

The trade war resulted from President Trump's tariff speech, marked by contradictory statements and brinkmanship. This created uncertainty and damaged US credibility, reflected in falling US dollar value and Treasury market turmoil. Consumer rejection of US brands in China further exacerbates the economic downturn, impacting major companies like Apple and Nike.

nrc.nl

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Apr 16, 01:14

Trump's Trade War Ignores US Service Sector Surplus

President Trump's trade war, focused on goods deficits, overlooks the US's substantial $280 billion service sector surplus in 2024, a key factor ignored in his tariff calculations, potentially leading to miscalculated retaliatory measures from other nations.

Trump's Trade War Ignores US Service Sector Surplus

President Trump's trade war, focused on goods deficits, overlooks the US's substantial $280 billion service sector surplus in 2024, a key factor ignored in his tariff calculations, potentially leading to miscalculated retaliatory measures from other nations.

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What is the fundamental flaw in President Trump's trade war strategy concerning its impact on the US economy?

President Trump initiated a trade war focused on goods, aiming to revive American manufacturing jobs. However, the US economy is primarily service-based, with over 75% of workers in the service sector, significantly undermining his approach.

nos.nl

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Apr 16, 16:15

Trump's Trade War: Economic Risks and Potential Gains

President Trump's trade war, marked by a 90-day pause on most tariffs except for China's 145 percent increase, aims to shrink the US trade deficit, primarily with China, despite the potential for a 0.6 percent economic contraction next year and increased inflation; economists project almost $1.7 tri...

Trump's Trade War: Economic Risks and Potential Gains

President Trump's trade war, marked by a 90-day pause on most tariffs except for China's 145 percent increase, aims to shrink the US trade deficit, primarily with China, despite the potential for a 0.6 percent economic contraction next year and increased inflation; economists project almost $1.7 tri...

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What are the immediate economic consequences of Trump's trade war, and how might they impact his reelection prospects?

President Trump's trade war aims to reduce the US trade deficit, potentially shrinking it significantly by the end of his term if he can maintain voter support despite the economic downturn. Rabobank economists predict a possible 0.6 percent contraction in the US economy next year if tariffs remain, while inflation could hit 4.9 percent. This is because increased prices are passed onto American consumers.",

theguardian.com

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Apr 15, 04:10

Silicon Six Underpaid $278 Billion in US Corporate Taxes

The Silicon Six underpaid US corporate income taxes by $278 billion over the past decade, averaging 18.8% compared to the 29.7% statutory rate, due to aggressive tax practices and lobbying, according to the Fair Tax Foundation.

Silicon Six Underpaid $278 Billion in US Corporate Taxes

The Silicon Six underpaid US corporate income taxes by $278 billion over the past decade, averaging 18.8% compared to the 29.7% statutory rate, due to aggressive tax practices and lobbying, according to the Fair Tax Foundation.

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Reduced Inequality

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What are the potential future policy responses to the Silicon Six's tax practices, and how might these companies' lobbying efforts influence these responses?

The Silicon Six's aggressive tax minimization strategies point to a broader trend of large corporations exploiting loopholes to reduce their tax burdens. This could lead to future policy changes aimed at closing tax loopholes, increased regulatory scrutiny, and potentially higher tax rates for multinational corporations. The companies' substantial lobbying efforts will play a significant role in shaping these future policies.

abcnews.go.com

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Apr 15, 22:18

Biden to Speak on Social Security Amidst Republican Cuts

Former President Joe Biden will deliver a speech in Chicago on Tuesday, focusing on protecting Social Security from Republican-led cuts that have slashed 7,000 jobs at the Social Security Administration, impacting services for seniors and people with disabilities; this comes as Democrats launch a 'D...

Biden to Speak on Social Security Amidst Republican Cuts

Former President Joe Biden will deliver a speech in Chicago on Tuesday, focusing on protecting Social Security from Republican-led cuts that have slashed 7,000 jobs at the Social Security Administration, impacting services for seniors and people with disabilities; this comes as Democrats launch a 'D...

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What is the immediate impact of former President Biden's speech on the ongoing debate about Social Security?

Former President Joe Biden will deliver a speech in Chicago on Tuesday about protecting Social Security from Republican threats. This is one of his first public appearances since leaving office 85 days ago, following a period of relatively low profile. His speech will be at a conference hosted by the Advocates, Counselors and Representatives for the Disabled (ACRD).

sueddeutsche.de

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Apr 15, 19:16

China's Economic Dominance in Asia and the Global South

Chinese brands dominate India's mobile market due to affordability, while the US struggles to compete with Asia's lower manufacturing costs; intra-Asian trade now comprises 60% of total trade volume, signaling a global economic shift towards the East.

China's Economic Dominance in Asia and the Global South

Chinese brands dominate India's mobile market due to affordability, while the US struggles to compete with Asia's lower manufacturing costs; intra-Asian trade now comprises 60% of total trade volume, signaling a global economic shift towards the East.

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How do intra-Asian trade dynamics, specifically within ASEAN, contribute to the shift in global economic power, and what role do pricing strategies play?

The shift in global trade towards Asia, particularly within the Asian bloc, is driven by lower manufacturing costs in countries like India and China. This is exemplified by the prevalence of Chinese-made vehicles and technology throughout Asia, indicating a significant economic shift and competitive disadvantage for Western manufacturers.

edition.cnn.com

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Apr 16, 16:14

Trump's Pharmaceutical Tariffs Threaten Drug Shortages

President Trump's planned tariffs on pharmaceutical imports are raising concerns about drug shortages and price increases, impacting generic drug manufacturers significantly, with a 270-day investigation underway to assess national security implications.

Trump's Pharmaceutical Tariffs Threaten Drug Shortages

President Trump's planned tariffs on pharmaceutical imports are raising concerns about drug shortages and price increases, impacting generic drug manufacturers significantly, with a 270-day investigation underway to assess national security implications.

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Good Health and Well-being

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What are the immediate consequences of imposing tariffs on pharmaceutical imports, given the current drug shortage crisis?

President Trump's proposed tariffs on pharmaceutical imports threaten to exacerbate existing drug shortages and inflate prices, particularly for generics. Generic drugmakers operate on tight margins, and added tariffs could force some to cease US operations, leading to supply disruptions. The current shortage of 270 drugs, including antibiotics, underscores the fragility of the system.

cincodias.elpais.com

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Apr 16, 22:14

Record US Equity Selloff Amidst Recession Fears and Trade War

A Bank of America survey reveals a record 53% drop in US equity allocation over two months, driven by recession fears (42%), global economic concerns (82%), and US-China trade tensions, leading investors to flock to safer assets like bonds and gold.

Record US Equity Selloff Amidst Recession Fears and Trade War

A Bank of America survey reveals a record 53% drop in US equity allocation over two months, driven by recession fears (42%), global economic concerns (82%), and US-China trade tensions, leading investors to flock to safer assets like bonds and gold.

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Reduced Inequality

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How do the escalating US-China trade tensions contribute to the current market uncertainty and investor behavior?

This shift reflects growing recession fears (42% of respondents) and an expectation of global economic weakening (82%, highest in 30 years). Investors are moving to safer assets like bonds and gold, with record shifts into fixed income and gold holdings.

dw.com

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Apr 15, 19:16

US Launches Investigations into Semiconductor and Pharmaceutical Imports, Citing National Security

The U.S. Department of Commerce launched investigations into semiconductor and pharmaceutical imports, citing national security risks, potentially leading to new tariffs under Section 232 of the Trade Expansion Act of 1962, impacting global supply chains and trade relations.

US Launches Investigations into Semiconductor and Pharmaceutical Imports, Citing National Security

The U.S. Department of Commerce launched investigations into semiconductor and pharmaceutical imports, citing national security risks, potentially leading to new tariffs under Section 232 of the Trade Expansion Act of 1962, impacting global supply chains and trade relations.

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How might retaliatory measures from other countries, such as China, affect the U.S. economy and global markets?

These investigations, conducted under Section 232 of the Trade Expansion Act of 1962, reflect the Trump administration's focus on reducing U.S. reliance on foreign sources for critical goods. The potential tariffs aim to increase domestic production but may trigger retaliatory measures from other countries, escalating trade tensions.

cbsnews.com

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Apr 15, 13:16

Trump Administration Investigates Imports of Chips and Pharmaceuticals, Citing National Security

The Trump administration launched investigations into imports of computer chips, chip-making equipment, and pharmaceuticals, citing national security concerns and aiming to boost domestic production, potentially imposing new tariffs.

Trump Administration Investigates Imports of Chips and Pharmaceuticals, Citing National Security

The Trump administration launched investigations into imports of computer chips, chip-making equipment, and pharmaceuticals, citing national security concerns and aiming to boost domestic production, potentially imposing new tariffs.

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How might these investigations affect U.S. consumers and businesses, considering the reliance on imports for these products?

These investigations, enabled by Section 232 of the Trade Expansion Act of 1962, aim to assess the national security implications of relying on foreign sources for critical goods. The administration argues that reshoring production of pharmaceuticals and semiconductors is crucial, impacting supply chains and potentially raising prices for consumers. The investigation also considers foreign subsidies and unfair trade practices.

edition.cnn.com

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Apr 15, 04:10

Consumer Pessimism on Unemployment Spikes to Pandemic Levels

A March 2024 New York Fed survey reveals 44% of Americans believe unemployment will rise in the next year, the highest since April 2020, driven by unpredictable federal policies and recession fears, despite continued job market strength.

Consumer Pessimism on Unemployment Spikes to Pandemic Levels

A March 2024 New York Fed survey reveals 44% of Americans believe unemployment will rise in the next year, the highest since April 2020, driven by unpredictable federal policies and recession fears, despite continued job market strength.

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How do the rising inflation expectations, as revealed by the survey, connect to President Trump's trade policies and the potential for a self-fulfilling prophecy?

The New York Fed's Consumer Expectations survey reveals growing unease about job security and inflation, potentially impacting consumer spending and economic growth. This contrasts with continued job market strength, highlighting a disconnect between consumer sentiment and objective economic indicators. The high inflation expectations could create a self-fulfilling prophecy.

kathimerini.gr

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Apr 15, 13:16

JPMorgan Chase Profits Rise Amid CEO's Warning of Economic Disruptions

JPMorgan Chase's Q1 2025 net income rose 9%, yet CEO Jamie Dimon warned of significant economic disruptions, leading the bank to allocate $3.3 billion for potential loan losses, a trend mirrored, though less drastically, by Wells Fargo, reflecting concerns about the economy's future.

JPMorgan Chase Profits Rise Amid CEO's Warning of Economic Disruptions

JPMorgan Chase's Q1 2025 net income rose 9%, yet CEO Jamie Dimon warned of significant economic disruptions, leading the bank to allocate $3.3 billion for potential loan losses, a trend mirrored, though less drastically, by Wells Fargo, reflecting concerns about the economy's future.

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How do the current loan-loss provisions made by JPMorgan Chase and Wells Fargo compare to their responses during previous economic crises?

Despite healthy first-quarter earnings, major banks like JPMorgan Chase and Wells Fargo are increasing reserves for potential loan losses, reflecting concerns about economic uncertainty. This cautious approach mirrors actions taken during previous economic downturns.

Showing 1 to 12 of 1,022 results