US EditionBattered but resilient job market faces a new test in Trump tariffs
- President Donald Trump announced tariffs on various countries, claiming it marks the end of globalization as we know it, stating that April 4, 2025, will be remembered as the day American industry was reborn.
- Economists, including Michael Pearce from Oxford Economics, predict that Trump's tariffs will raise consumer prices, disproportionately affecting low-income consumers, while some communities may benefit from reshored manufacturing.
- Paul Gruenwald from S&P Global Ratings noted that while tariffs may lessen trade, they wouldn't significantly impact the US economy in the short term, explaining that the trade war wouldn't move the needle for a big economy like the United States.
- Joseph Brusuelas, chief economist at RSM US, stated that while the US may be a big winner under globalization, growth expectations will not be as high moving forward.
52 Articles
52 Articles
Stephen Miller rips globalization as the ‘great theft of American prosperity’ - Washington Examiner
White House deputy chief of staff Stephen Miller ripped the half-century-long effort of globalization as the “great theft of American prosperity.” “It is a formal policy of trying to develop foreign nations at the expense of the U.S. working and middle class,” Miller told Laura Ingraham of Fox News. “Trillions of dollars that would be in the pockets of American workers is now in China, Cambodia, Vietnam, Thailand, Canada, Mexico, all across Afri…
MIKEY SMITH: 6 insane things Donald Trump did while global stock markets crashed - The Mirror
On Wednesday he announced a string of stinging tariffs on goods from around the world - targeting every country, even the ones only populated by penguins - here's what he was doing while the global economy burned
Rockdale Citizen & Newton Citizen
Trump tariffs to test resiliency of US consumers
In unveiling tariffs this week challenging the decades-old international trade order, President Donald Trump lambasted globalization as a raw deal for the United States that has devastated US manufacturing towns.
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