Larry Summers explains that the tariffs imposed by Donald Trump could cost $30 trillion or $300,000 per family of four in the US economy.
We might think of him as a tax-cutter, an enemy of big government, and an instinctive ally of businesses and consumers, and in his first term he certainly was. And yet as his second term takes shape,
The U.S. is moving to blow up the global trading order it built, ushering in an uncertain new era. President Trump’s highly anticipated announcement Wednesday represents a high-stakes gamble to transform a global economic relationship that Trump for decades has said ripped off the U.
The sweeping tariffs President Donald Trump announced Wednesday, combined with his other import levies, likely would plunge the nation and world into a deep recession if he follows through on the plan, economists say.
The Trump Administration calls it 'Liberation Day', but some experts fear this move will only make inflation worse. White House Reporter Brett Samuels joins Drew Petrimoulx to discuss the sweeping tariffs the U.
Markets posted modest moves ahead of the 4 p.m. ET White House event at which President Trump is due to announce his tariff plans. Many investors are staying on the sidelines, given the lack of clarity about what to expect.
U.S. Treasury yields inched higher on Wednesday as investors awaited economic data and braced for the rollout of U.S. President Donald Trump's tariffs.
Authorities, without providing figures or specific data, insist that the pressure for undocumented immigrants to voluntarily return to their countries is proving effective