US Edition
Will Trump’s Tariffs Push the U.S. Economy Into Recession? Many Economists Think So.
- Beginning June 4, the US increased its tariffs on imported steel and aluminum to 50 percent, raising worries about a potential economic slowdown and recession later this summer.
- Economists link this tariff increase and ongoing trade tensions to higher inflation expectations and lower growth forecasts, creating uncertainty that leads businesses to delay investments and staffing decisions.
- Negotiations between the US and Japan, especially on auto sector tariffs, remain unsettled, with risks that some Chinese production may shift to other Asian countries which could export to the US under lower tariffs.
- Business leaders’ confidence halved this year, with 55 percent citing economic uncertainty, 41 percent blaming tariffs, and consumer confidence falling 5.4 points to 93.0 in June, signaling weaker private investment and hiring.
- Apollo forecasts GDP growth slowing to about 1.2% in 2025, inflation remaining above average, and unemployment rising through 2026, while the Fed likely will cut rates if unemployment increases notably.
15 Articles
15 Articles
'Warning lights are starting to flash' as Trump economy takes hold: MSNBC report
Due to a combination of factors, the economy under Donald Trump is heading in the wrong direction which should raise alarms.That is the opinion of investment analyst and MSNBC contributor Steve Ratner who appeared on "Morning Joe" on Thursday morning with host Jonathan Lemire.With his wall of charts...
Experts warn Trump’s economy 'signals a recession' as business leaders’ confidence cuts in half
Newsweek reports business leaders' confidence in the U.S. economy has halved, according to JPMorgan Chase & Co.Companies appear to be grappling with the impact of President Donald Trump's tariffs and the geopolitical uncertainties he causes, says the firm's latest Business Leaders Outlook Survey. The study found optimism for the economy falling to 32 percent in June, down from January’s 65 percent. Additionally, 25 percent of respondents said th…
The US is staring down a fate worse than recession, and 4 other bold forecasts from a top economist
AP Photo/Henny Ray AbramsTorsten Sløk has said the risk of stagflation still hangs over the US economy.The Apollo chief economist pointed to lower growth and higher inflation expectations due to tariffs.The top economist had several other big calls in his midyear outlook.The US has flirted with the dreaded S-word for much of this year, and it's not out of the woods yet.That's according to Torsten Sløk, the chief economist at Apollo Global Manage…
Hollywood is not the centre of film world, says Cate Blanchett in swipe at Trump tariffs
Cate Blanchett has hit out at Donald Trump’s proposal to impose 100pc tariffs on foreign-made films, warning the move undermines the global nature of the film industry and questioning the idea of Hollywood as a purely American institution.
Coverage Details
Bias Distribution
- 43% of the sources lean Left
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