US EditionNebraska Feeling Pain From Trump's Tariffs, Don Bacon Says
UNITED STATES, AUG 8 – Average U.S. tariff rate hits 18%, highest since 1934, raising concerns about rising inflation and slowing economic growth, economists warn of stagflation risks.
- With tariffs taking effect Thursday, the effective average tariff rate now stands at 18%, the highest since 1934.
- In early April, Trump unveiled a 10 global tariff rate with reciprocal tariffs, framing them as necessary to rebalance trade and protect U.S. jobs.
- Amarnath said, `The U.S. economy appears to be hitting a mild form of stagflation`, as inflation likely rose 2.8% in July.
- Amid the debate, the White House disputed stagflation risks, with spokesman Kush Desai saying, `'Inflation continuing to remain cool and growth rebounding in Q2 both suggest stagflation is simply the latest buzzword for panican paranoia.'
- Economists polled by FactSet forecast GDP growth for 2025 at 1.5%, and a typical American household could pay about $2,400 more annually for goods.
15 Articles
15 Articles
Does President Donald Trump's Tariff and Trade Policy Have America on a Collision Course With Stagflation? @themotleyfool #stocks $^GSPC $^DJI $^IXIC
Key PointsStagflation is the scariest scenario for the nation's central bank, because there's no blueprint to quickly fix a weak economy and jobs market, and lower the prevailing rate of inflation.President Trump's tariff and trade policy is having a modest inflationary impact at a time when job report revisions point to a weakening labor market.Despite near-term stagflation concerns, which remain minimal per Fed Chair Jerome Powell, the S&P 500…
'Grim': Top economist says Americans in for a 'nasty shock' on inflation thanks to Trump
Citing President Donald Trump’s “really extreme policies on both trade and immigration,” and particularly his tariffs, Nobel Prize–winning economist Paul Krugman, one of the nation’s most prominent economic voices, is warning that the U.S. could soon face “stagflation”—a toxic mix of high inflation, rising unemployment, and stagnant demand.“It’s Beginning to Smell a Lot Like Stagflation,” Krugman wrote on Friday. Noting that “it’s all about Trum…
'Grim': US Could See 'Nasty' Stagflation Thanks to 'Trumponomics' Top Economist Warns
Citing President Donald Trump’s “really extreme policies on both trade and immigration,” and particularly his tariffs, Nobel Prize–winning economist Paul Krugman, one of the nation’s most prominent economic voices, is warning that the U.S. could soon face “stagflation”—a toxic mix of high inflation, rising unemployment, and stagnant demand. “It’s Beginning to Smell a Lot Like Stagflation,” Krugman wrote on Friday. Noting that “it’s all about Tru…
Trump's tariffs to cost global economy $2 trn
The US president's trade policy is slowing investment and reshaping supply chains, according to the outlet. The global fallout from US President Donald Trump's tariffs is set to wipe out $2 trillion from the world's economy by 2027 as a result of trade and investment disruptions, Bloomberg reported on Monday. Since returning to office in January, Trump has embarked on a tariff campaign aimed at protecting US manufacturers and overturning trade d…
Coverage Details
Bias Distribution
- 67% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
