Tag #Us Economy

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edition.cnn.com

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Apr 25, 13:17

Trump's Tariffs: Immediate Impact on Businesses, Future Inflationary Pressures

President Trump's tariffs, particularly the 145% tax on Chinese imports, are creating widespread economic uncertainty, immediately impacting small businesses and soon to affect consumers through higher prices and reduced product availability; the IMF now predicts 3% inflation in 2025.

Trump's Tariffs: Immediate Impact on Businesses, Future Inflationary Pressures

President Trump's tariffs, particularly the 145% tax on Chinese imports, are creating widespread economic uncertainty, immediately impacting small businesses and soon to affect consumers through higher prices and reduced product availability; the IMF now predicts 3% inflation in 2025.

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Decent Work and Economic Growth

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How is the uncertainty created by Trump's tariff policies affecting the broader economic landscape?

The tariffs' impact extends beyond direct costs, creating widespread uncertainty among businesses. The 145% tariff on Chinese goods, for example, forces businesses to choose between absorbing costs, raising prices, or shutting down. This uncertainty is already causing ripple effects throughout the economy.

npr.org

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Apr 25, 22:15

US Home Sales Plummet 6% in March Amidst High Mortgage Rates

US existing home sales dropped 6% in March 2025, the largest monthly decline in nearly two and a half years, due to high mortgage rates around 6.8% and elevated home prices, impacting the spring home-buying season and making homeownership unaffordable for many.

US Home Sales Plummet 6% in March Amidst High Mortgage Rates

US existing home sales dropped 6% in March 2025, the largest monthly decline in nearly two and a half years, due to high mortgage rates around 6.8% and elevated home prices, impacting the spring home-buying season and making homeownership unaffordable for many.

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Reduced Inequality

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What are the long-term implications of the current housing market conditions for homeownership rates, rental markets, and the overall US economy?

The current housing market slump, driven by high mortgage rates and prices, creates a significant barrier to homeownership for many Americans. President Trump's tariff threats, impacting bond markets, have contributed to the increase in rates. This situation will likely persist unless mortgage rates decrease substantially, and even a drop might not significantly alleviate affordability challenges, especially in expensive markets like Seattle.

us.cnn.com

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Apr 24, 16:14

Trump's Trade War Erodes America's Global Brand, Warn Top CEOs

Citadel CEO Ken Griffin and JPMorgan Chase CEO Jamie Dimon criticized President Trump's trade war, arguing that it is damaging America's global reputation and economic standing, leading to decreased investment in US assets and a decline in the value of the dollar and US stocks.

Trump's Trade War Erodes America's Global Brand, Warn Top CEOs

Citadel CEO Ken Griffin and JPMorgan Chase CEO Jamie Dimon criticized President Trump's trade war, arguing that it is damaging America's global reputation and economic standing, leading to decreased investment in US assets and a decline in the value of the dollar and US stocks.

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Peace, Justice, and Strong Institutions

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How is President Trump's trade war impacting America's global standing and economic credibility, and what are the immediate consequences?

Ken Griffin, CEO of Citadel, a major Republican donor, criticized President Trump's trade war, asserting it harms America's global standing and erodes its brand. He specifically cited investor concerns about US Treasury bonds due to decreased trust in the US as a rational global actor. This distrust is reflected in the dollar hitting a three-year low and a $7 trillion loss in US stock market value.

tr.euronews.com

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Apr 24, 01:15

Trump Says He Won't Fire Fed Chair Powell Despite Recent Criticism

President Trump declared Thursday he won't fire Federal Reserve Chairman Jerome Powell, despite prior threats, following Powell's criticism of Trump's tariffs and the Fed's pause on interest rate cuts due to decreasing inflation; Powell's term ends in May 2026.

Trump Says He Won't Fire Fed Chair Powell Despite Recent Criticism

President Trump declared Thursday he won't fire Federal Reserve Chairman Jerome Powell, despite prior threats, following Powell's criticism of Trump's tariffs and the Fed's pause on interest rate cuts due to decreasing inflation; Powell's term ends in May 2026.

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What is the immediate impact of President Trump's statement on the Federal Reserve and financial markets?

On Thursday, President Trump stated he has "no intention of firing" Federal Reserve Chairman Jerome Powell, despite previous comments suggesting otherwise. Powell's term ends in May 2026. This follows Trump's recent public criticism of the Fed's pause on interest rate cuts.

french.china.org.cn

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Apr 24, 04:10

US Ranked Last in UN Multilateralism Support, Sachs Says

Professor Jeffrey Sachs, in a UN Security Council meeting, ranked the U.S. last among 193 UN member states in support for multilateralism due to its unilateral economic policies, including tariffs and sanctions, impacting global trade and development negatively.

US Ranked Last in UN Multilateralism Support, Sachs Says

Professor Jeffrey Sachs, in a UN Security Council meeting, ranked the U.S. last among 193 UN member states in support for multilateralism due to its unilateral economic policies, including tariffs and sanctions, impacting global trade and development negatively.

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What specific actions by the United States are undermining the UN-based multilateral system, according to Professor Sachs?

Professor Jeffrey Sachs, an American economist, stated that the U.S. is the least aligned nation with the UN-based multilateral system, harming international peace and development through unilateral economic policies. His assessment is based on his 2022 Index of Countries Support for UN-Based Multilateralism, ranking the U.S. last among 193 UN member states.

cnn.com

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Apr 24, 16:14

Trump's Trade War Erodes America's Global Brand, Investor Confidence

Citadel CEO Ken Griffin publicly criticized President Trump's trade war, arguing it's damaging America's global reputation and causing investors to distrust US assets, leading to a decline in the US dollar and stock market valuations.

Trump's Trade War Erodes America's Global Brand, Investor Confidence

Citadel CEO Ken Griffin publicly criticized President Trump's trade war, arguing it's damaging America's global reputation and causing investors to distrust US assets, leading to a decline in the US dollar and stock market valuations.

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Peace, Justice, and Strong Institutions

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How is President Trump's trade war affecting America's global economic standing and the perception of US assets?

Ken Griffin, CEO of Citadel, criticizes President Trump's trade war, asserting it harms America's global standing and erodes its brand. This has led to investors questioning the safety of US Treasury bonds, impacting the value of the dollar and US assets.

africa.chinadaily.com.cn

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Apr 25, 10:15

US Tariffs Fuel Economic Uncertainty, Dampening Growth

The Federal Reserve's Beige Book reports that tariffs are causing widespread economic uncertainty in the US, leading to a rush to buy inventory but also decreased consumer spending, impacting various sectors and resulting in a gloomy economic outlook; legal challenges to the tariffs are underway.

US Tariffs Fuel Economic Uncertainty, Dampening Growth

The Federal Reserve's Beige Book reports that tariffs are causing widespread economic uncertainty in the US, leading to a rush to buy inventory but also decreased consumer spending, impacting various sectors and resulting in a gloomy economic outlook; legal challenges to the tariffs are underway.

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Reduced Inequality

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How are businesses responding to the uncertainty created by these tariffs, and what are the long-term consequences?

Increased tariffs are causing significant economic disruption. A "rush to purchase" is creating short-term gains in some sectors (like vehicle imports), but overall consumer spending is down. This is consistent with the IMF's downward revision of US economic growth, highlighting the widespread negative impact.

theglobeandmail.com

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Apr 25, 13:17

Global Investors Dump US Stocks; Canadian Investors Urged to Diversify

Global investors rapidly sold off US stocks, prompting financial planners to urge Canadian investors to assess their portfolio diversification, as recent market trends show US equities lagging behind Canadian and European markets.

Global Investors Dump US Stocks; Canadian Investors Urged to Diversify

Global investors rapidly sold off US stocks, prompting financial planners to urge Canadian investors to assess their portfolio diversification, as recent market trends show US equities lagging behind Canadian and European markets.

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What is the significance of the record-breaking sell-off of US stocks by global investors, and what immediate implications does this have for Canadian investors?

Global investors drastically reduced their US stock holdings in the past two months, with a record 53 percentage point drop in net underweight positions, reaching 36 percent underweight in April. This highlights a shift in global investment sentiment and underscores the need for portfolio diversification for Canadian investors.

theglobeandmail.com

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Apr 24, 19:17

Trump's Trade War Spurs Global Price Hikes, Economic Uncertainty

President Trump's trade war is causing businesses worldwide to raise prices and lower financial forecasts due to increased costs and supply chain disruptions, impacting consumer confidence and global economic growth, with nearly 30 companies cutting their forecasts in recent weeks.

Trump's Trade War Spurs Global Price Hikes, Economic Uncertainty

President Trump's trade war is causing businesses worldwide to raise prices and lower financial forecasts due to increased costs and supply chain disruptions, impacting consumer confidence and global economic growth, with nearly 30 companies cutting their forecasts in recent weeks.

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How are companies responding to the increased costs and uncertainty caused by the trade war?

The trade war's impact extends beyond increased costs; it's creating widespread uncertainty, forcing companies to adjust strategies and cut forecasts. Almost 30 companies have withdrawn or reduced their financial projections in recent weeks, illustrating the broad economic consequences. This uncertainty is also affecting consumer spending, as evidenced by reduced demand for dining and travel.

lemonde.fr

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Apr 24, 04:09

US States Sue Trump Over Illegal Tariffs

Twelve US states sued Donald Trump on April 23rd, claiming his tariffs are illegal due to their imposition without Congressional approval; the lawsuit cites the 1977 Trade Act and alleges economic harm, echoing similar concerns from California and Democrats.

US States Sue Trump Over Illegal Tariffs

Twelve US states sued Donald Trump on April 23rd, claiming his tariffs are illegal due to their imposition without Congressional approval; the lawsuit cites the 1977 Trade Act and alleges economic harm, echoing similar concerns from California and Democrats.

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How do the arguments in the lawsuit challenge the basis of Donald Trump's authority to impose tariffs?

The lawsuit alleges that Trump exceeded his authority under the 1977 Trade Act by using emergency powers to impose tariffs, a power the Constitution grants to Congress. The tariffs have caused global market uncertainty, potentially leading to price increases and job losses, counter to Trump's claim of boosting domestic production. Economists widely predict negative consequences for consumers.

nbcnews.com

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Apr 24, 04:10

Pre-Tariff Spending Surge: 3.8% April Increase in Consumer Spending

JPMorgan Chase data shows a 3.8% rise in consumer spending in the first 15 days of April 2025 compared to the same period in 2024, likely due to consumers preemptively buying goods ahead of President Trump's tariff plan, with discretionary spending increasing by 4.3%.

Pre-Tariff Spending Surge: 3.8% April Increase in Consumer Spending

JPMorgan Chase data shows a 3.8% rise in consumer spending in the first 15 days of April 2025 compared to the same period in 2024, likely due to consumers preemptively buying goods ahead of President Trump's tariff plan, with discretionary spending increasing by 4.3%.

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What is the immediate impact of the anticipated tariffs on consumer spending, and how significant is this impact based on available data?

JPMorgan data reveals a 3.8% increase in consumer spending during the first 15 days of April compared to the same period last year, driven largely by a 4.3% surge in discretionary spending. This surge is attributed to consumers preemptively purchasing goods before the full impact of President Trump's tariff plan takes effect.

faz.net

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Apr 24, 10:14

IMF Lowers US Growth Forecast Amid Trump's Protectionist Policies

The IMF lowered its 2025 US growth forecast to 1.8 percent due to President Trump's tariffs; the US benefits from its current trade position and the dollar's status, contradicting Trump's claims of exploitation; Stephen Miran's proposals suggest a shift towards protectionism.

IMF Lowers US Growth Forecast Amid Trump's Protectionist Policies

The IMF lowered its 2025 US growth forecast to 1.8 percent due to President Trump's tariffs; the US benefits from its current trade position and the dollar's status, contradicting Trump's claims of exploitation; Stephen Miran's proposals suggest a shift towards protectionism.

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What is the immediate economic impact of President Trump's tariff policies on US growth, according to the IMF?

The International Monetary Fund (IMF) lowered its US economic growth forecast for 2025 by 0.9 percentage points to 1.8 percent, primarily due to the negative impacts of President Trump's tariff policies. The IMF explicitly stated that the US will suffer most from its own tariffs.

Showing 841 to 852 of 1,930 results