Once sidelined, President Trump’s counselor Peter Navarro has returned to Washington and quickly upended the global trading system. Source link
Category: Economy
Economy News
IMF Warns Trump Tariffs Will Weaken Economy and Increase Inflation
Kristalina Georgieva, the managing director of the International Monetary Fund, warned in a speech that protectionism erodes productivity. Source link
Trump Shifted on Tariffs After Bond Holders Got Jittery. He Held Millions Himself.
As of August, the president’s investment portfolio showed significantly more in bonds than in stocks. It is unclear if his personal holdings had any bearing […]
Meloni and Trump Oval Office Meeting Cements Special Rapport
In Washington, President Trump inundated Prime Minister Giorgia Meloni of Italy with praise. She said he had accepted an invitation to go to Rome. Source […]
Trump Says Fed Chair Jerome Powell’s ‘Termination Cannot Come Fast Enough’
Jerome Powell has said that the Federal Reserve can be patient as the effects of tariffs become more clear. President Trump, pushing for interest rate […]
The Grand Egyptian Museum Is Finally Open. (Well, Mostly.)
The Grand Egyptian Museum, outside Cairo, has been delayed by revolutions, wars, financial crises and a pandemic. At long last, here’s a look inside. Source […]
Fed Chair Lays Out Game Plan in Case of High Inflation and Slower Growth
Jerome H. Powell warned that President Trump’s tariffs could lead to a “challenging scenario” for the central bank. Source link
Unions Form Pro Bono Legal Network for Federal Workers Targeted by Trump
Organized labor has taken a leading role in challenging the Trump administration’s downsizing agenda in court. A new service will offer more individualized representation. Source […]
Trump’s 10% Tariff May Be Less Onerous but Still Raises Prices and Threatens Trade
The blanket tariffs, once considered extreme, still threaten to harm world trade and make everything more expensive for businesses and consumers. Source link
Trump Has Mixed Emotions Toward Japan
This month in the White House’s Rose Garden, as he held up a placard showing the global wave of tariffs he wanted to impose, President […]