Most say Trump too erratic in economic moves: Survey
According to a new survey, most Americans consider him “too unstable” when implementing his trade agenda, as President Trump slaps tariffs on his top trading partners and wants him to fight high prices. Published Wednesday night. A new Reuters/Ipsos poll shows 57% of US voters, including about a third of Republicans, are unstable as the […]
Trump administration cuts export office staff amid escalating trade war
The Trump administration has fired a number of employees at the International Trade Agency (ITA), a branch of the Department of Commerce, which is supposed to play a key role in enacting President Trump's trade agenda. The ITA, which aims to promote US industry and overseas exports, cut probation workers later last month as part […]
5 risks facing the US economy under Trump
The US economy is in good condition, with strong growth with low unemployment rates in recent quarters. However, warning signs are flashing, sliding the market amid policy uncertainty and some troubling macroeconomic indicators. Let's take a look at the risk factors facing the US economy today. Inflation risk After the pandemic's aftermath rose by 9%, […]
Majority of Americans have used AI models like ChatGPT: Survey
The majority of Americans use artificial intelligence (AI) models like ChatGpt New research. In a survey of Elon University imagining Digital Future Center, 52% said they would use a large-scale artificial intelligence (AI) language model, a category that includes Openai's famous ChatGPT. Of that percentage, 5% said they used the model “almost constantly”, 7% said […]
Former Treasury secretary on Trump's tariffs: 'People are overreacting a bit'
Former Treasury Secretary Steve Mnuchin said he disagreed with analysts warning about a potential economic slowdown, saying he believes “people are overreacting a bit” to the new Trump administration's policy changes. “I don't think anyone should see the natural and healthy revisions of these indexes as an indication that the economy is in trouble.” He […]
Distilled Spirits Council CEO warns European whiskey tariff could be 'very, very devastating'
On Wednesday, the CEO of the US Distillation Spirits Council warned that whisky fees in Europe would be “very, very devastating.” “We got the news early this morning, early. [European Union (EU)] We are ready to impose a 50% tariff on American whiskey. It's going to be very devastating,” Chris Swanger told News Nation's Nicole […]
Navarro: US in 'difficult transition from Bidenomics to Trumpnomics'
President Trump's senior trade adviser, Peter Navarro, said Wednesday that the United States is a “difficult transition from bidenomics to Trumpnomics.” “We understand, what is the overall picture of the economy from the administration?” host Will Cain asked on his Fox News show. In his response, Navarro said, “Look at one end of the telescope […]
Lutnick: Canada becoming US state 'best way' to merge economies
Commerce Secretary Howard Luttonick said Wednesday that Canada's becoming a US state was the “best way” to integrate the economies of both countries. “The best way to really blend Canada and the US economy, the president said, is for Canada to become our 51st state. If they want to merge it, that's how you make […]
Goldman Sachs CEO: Business community 'understands' what Trump is trying to do with tariffs
Goldman Sachs CEO David Solomon said the business community “understands” that President Trump is trying to do it with taxation on various goods despite wanting “low tariffs everywhere.” Solomon also said in an interview with Fox Business's Maria Bartilomo that Trump is more “engaged” with the business world than his White House predecessor, former President […]
Ocasio-Cortez warns Senate Democrats over advancing stopgap spending measure
Rep. Alexandria Ocasio-Cortez (DN.Y.) warned his Senate Democrat colleagues to be tired of the “procedural game” and urged them to vote against the halt spending measures backed by the Senate. “For all Senate Democrats, it is very clear that coagulation votes are also considered votes for the bill,” Ocasio-Cortez Post to social platform x. “People […]