US EditionPublished • loading... • Updated
Markets drop as Powell warns of stagflation
- The U.S. economy showed signs of slowing in early 2025 amid rising tariffs and a worsening trade deficit under President Trump’s administration.
- This slowdown followed multiple tariff increases on imports, including a 145% duty on Chinese goods and 25% tariffs on steel, aluminum, cars, and others, intended to reduce the trade deficit.
- Trade deficit data revealed a record $130.6 billion gap in January that fell slightly in February, while spending and business investment showed mixed signals with some softness amid tariff uncertainty.
- Economists projected that first-quarter GDP grew by 0.8%, marking the slowest pace since mid-2022, while Atlanta’s Federal Reserve branch predicted a steep 2.5% decline, which would be the worst quarterly performance since 2020.
- These developments suggest that tariff policies and trade tensions have weighed on U.S. economic activity, dampening consumer and business confidence and posing risks to sustained growth.
Insights by Ground AI
Podcasts & Opinions
50 Articles
50 Articles
The US economy likely just had its worst quarter since Covid
President Donald Trump’s major, abrupt policy shifts likely slowed the US economy sharply in the beginning of the year — for the worst quarter perhaps since the Covid-19 pandemic — as consumers and businesses fretted about massive new tariffs.
·Atlanta, United States
Read Full Article
Coverage Details
Total News Sources50
Leaning Left7Leaning Right7Center18Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 22%
C 56%
R 22%
Factuality
To view factuality data please Upgrade to Premium
