Trump tariffs will throttle US, global economies: IMF
The century-high tariff levels imposed by President Trump are expected to bite against global economic growth this year, International Monetary Fund economists said Tuesday. The IMF has reduced its forecast for global gross domestic product (GDP) growth for 2025 from its January forecast of 3.3%. The US growth forecast marked growth of 1.8% from 2.7%, […]
Walmart, Target discuss ‘path forward’ with Trump amid tariffs
CIO Kevin Mahn, president of Hennion & Walsh Asset Management, has put a strong emphasis on the market’s response to tariffs and trade negotiations, which is what Jerome Powell, the Federal Reserve Chair at the Chicago Economic Club, gives a revenue outlook. Walmart and Target CEOs met with President Donald Trump on Monday to discuss […]
NYC thrift stores fear US tariffs could obliterate business
This could really take a bite from a big apple. The second-hand apparel industry may be eschewing the mandate of imported goods, but the impact of President Trump’s tariffs on thrift stores could lead to destructive balls for businesses in the city, the reseller told the Post. “There’s a lot of rhetoric that everyone looks […]
Trump trade chief faces Senate grilling on tariffs, trade policy
The Senate Finance Committee holds a hearing titled “The President’s 2025 Trade Policy Agenda” with testimony from U.S. Trade … source
Donald Trump to Meet with Major Retailers After Big Retail Opposed Tariffs
President Donald Trump will meet with major retailers on Monday after the National Retail Federation (NRF) announced it would not support the president’s mutual tariff policies. White House officials I said Reuters will meet on Monday afternoon to discuss his tariff policy. The meeting will include representatives from Walmart, Home Defort, Lowe’s and Target. Walmart […]
Boeing investors brace for fallout from Trump tariffs | Boeing
Boeing investors are supported to learn the full impact of Donald Trump’s trade war as US planer makers fear that they will be hit harder than would have been expected after US plain makers targeted at Chinese airlines returning to the US. The Boeing 737 Max 8 plane returned to the US on Monday by […]
O’Leary calls China tariffs soft, but Mark Levin sees the hidden brilliance
On April 8, Kevin O’Leary, commonly known as Mr. Wonderful, appeared on CNN and gave China’s import duties two cents with President Trump’s newly announced 104% tariff. O’Leary was important, but most experts were not important. On the contrary, O’Leary insisted that tariffs were not even close enough. “China’s 104% tariffs aren’t enough. I’m defending […]
China garment factories that supply Shein shut down amid Trump tariffs
Dozens of clothing factories in a manufacturing hub in southern China known as “Shayne Village” have been idle in recent weeks as a result of the Trump administration’s move to end the so-called “de minimis” exemption that allowed online retailers to sell cheap tax-free items to Americans. The company, home to once-lively lively workshops in […]
Trump tariffs to increase unemployment, but mass layoffs unlikely
Federal Reserve Chairman Jerome Powell said President Trump’s tariffs are higher than expected, increasing the risk of further inflation. President Donald Trump’s tariffs are expected to increase unemployment over the course of the year, but no major layoffs are expected. An allianz economist said in a report released Thursday that he noted an indicator that […]
Yes, Trump’s tariffs are worse than expected — but should you sell your stocks?
President Trump’s April 2nd “liberation day” was much worse than what I and most others had expected, and was even more “customers.” His subsequent pauses and flip-flops launched a real dizziness with inventory and bonds. So, are you thinking about remedies before yet another shoe falls? Please do not. This dopy tariff Palooza is likely […]