Trump’s tariff chaos threatens an economy already flashing yellow lights
- The US economy is showing instability, with consumer spending dropping in January and a negative GDP forecast by the Atlanta Federal Reserve.
- President Donald Trump has threatened to impose a 25% tariff on imported goods from Mexico and Canada and double tariffs on those from China to 20%.
- Both Mexico and Canada have vowed to retaliate with their own tariffs on US goods, risking a trade war in North America as the CEO of Alcoa warned that 25% tariffs could cost 100,000 US jobs.
- A CBS survey showed that 82% of Americans believe the economy should be a high priority for the president amid rising inflation.
17 Articles
17 Articles
U.S. Economy Loses Bellows With Trump · Global Voices
The strength of the U.S. economy has been the envy of the world in recent years. The omens of a recession during Joe Biden’s term were never fulfilled. The labor market beat job creation records as Federal Reserve President Jerome Powell maneuvered to achieve the long-awaited soft landing: to control inflation without triggering a crisis. On his return to the White House, Donald Trump has inherited a thriving economy. However, some clouds begin …
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