US EditionEurope lashes out over Trump auto tariffs and the economic threat to both continents
- Consumer confidence in the U.S. Dropped 7.2 points to 92.9 in March, reaching its lowest level since January 2021, according to The Conference Board.
- Future economic expectations worsened by 9.6 points to 65.2, the lowest in 12 years, signaling potential recession, as stated by CNBC.
- Concerns over trade policies and economic strategies have unsettled consumers, leading to reduced optimism, as noted by Bill Adams, chief economist for Comerica Bank.
- Stephanie Guichard from The Conference Board emphasized that consumer optimism about future income has diminished significantly, reflecting broader anxieties about the economy.
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Trump’s car tariffs strike a blow at an already troubled European industry and are fed to Germany
Entangled as the European Union is in greening its industrial splendour to gain competitiveness, this Wednesday it received a double-impact blow from the United States at the very heart of the manufacturing sector: car manufacturers. The 25% tariff increase for car exports was expected, but that is why they do not stop adding pessimism to the already gloomy prospects of an industry heavily pressured by the strength of Chinese electric cars. And …
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Coverage Details
Total News Sources137
Leaning Left22Leaning Right17Center43Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 27%
C 52%
R 21%
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