Tag Archives: recession

The Washington Post reports: White House aides are preparing to impose new tariffs on most imports on April 2, laying the groundwork for an escalation in global economic hostilities that President Donald Trump has called “Liberation Day.” Through his first two months in office, the president has raised tariffs on roughly $800 billion in imports from China, Mexico and Canada, …

HOWARD LUTNICK: “When you’re negotiating with someone and they’re not paying attention, and they are disagreeing, the president – who’s the best dealmaker ever to sit in that chair – is going to say, ‘Here’s my response.’ And then all of a sudden, shockingly, they respond.” CBS NEWS: “Will these policies be worth it if they lead to a recession, …

From the Wall Street Journal editorial board: Recession fears are roiling markets, as tech stocks and the Dow Jones Industrial Average fell sharply again on Monday. Stock prices have been richly valued for some time, and this may be merely a market correction. But there are also signs of a slowing economy that should have the Trump Administration on alert. …

The Washington Post reports: President Donald Trump’s senior advisers downplayed fresh economic turbulence Monday as the administration’s escalating trade war deepened a sell-off on Wall Street and renewed fears about the stability of the U.S. economy. “There are a lot of reasons to be extremely bullish about the economy going forward. But for sure, this quarter, there are some blips …

Forbes reports: The stock market selloff stretched into a new week, with the latest losses again tied to comments from President Donald Trump, whose wide-sweeping and oft-changing tariff policies have rattled Wall Street confidence, as early fears of a recession emerge. All three major U.S. stock indexes fell significantly Monday, erasing Friday afternoon’s comeback. The Dow Jones Industrial Average dropped …

The Washington Post reports: President Donald Trump declined to rule out a recession this year as the economy reels from his efforts to impose tariffs and rebuild the U.S. manufacturing sector, acknowledging in an interview broadcast Sunday that “it takes a little time” before Americans will see a payoff from his policies. Trump’s recognition of the turbulence in the U.S. …

“Anybody who bets against Donald Trump – it’s like the same people who thought Donald Trump wasn’t a winner a year ago – Donald Trump is a winner. He’s going to win for the American people. That’s just the way it’s going to be. There’s going to be no recession in America. “We’ll unleash America out to the world. Grow …

The Futurist reports: A professor and former Department of Labor economist is warning that unelected White House advisor and multi-hyphenate billionaire Elon Musk is sending the United States headlong into a huge recession. In a post on Bluesky, Jesse Rothstein, a University of California, Berkeley public policy professor who was the DOL’s chief economist at the start of the Obama …

The Hill reports: President-elect Trump’s mass deportation proposals threaten to gut the U.S. economy, shrinking growth and the labor force while juicing inflation, according to a report released Thursday by Democrats in the Congressional Joint Economic Committee (JEC). Deporting at a clip of 1 million people per year could generate a 4.2 percent to 6.8 percent loss in GDP. The …

The Associated Press reports: The U.S. economy entered a recession in February, a group of economists declared Monday, ending the longest expansion on record. The economists said employment peaked in February and fell sharply afterward, marking the beginning of the downturn. The economists make up a committee within the National Bureau of Economic Research, a trade group that determines when …

The Hill reports: President Trump’s approval rating dropped 6 points in a new poll as Americans voice concerns about the economy. Trump’s approval rating fell to 38 percent after July’s career-high 44 percent approval, based on the ABC News/Washington Post poll released Tuesday. The survey also found that 46 percent of Americans approve of Trump’s handling of the economy and …

NPR reports: U.S. employers added 130,000 jobs in August, according to a monthly snapshot from the Labor Department, signaling a slowdown in the pace of job growth. Forecasters surveyed by the Reuters news service had predicted job gains of around 158,000. The unemployment rate held steady at 3.7%. Manufacturers added just 3,000 jobs. The jobs total would have been lower …

The Hill reports: Approximately half of respondents in a new survey who voted for President Trump say they would blame him if the U.S. economy falls into a recession. A Morning Consult poll released Wednesday found that 42 percent of respondents who say they voted for Trump in 2016 would hold him partially responsible for an economic downturn, and another …

NBC News reports: White House economic adviser Larry Kudlow on Sunday sought to allay fears of an economic downturn, saying “I don’t see a recession at all.” The White House adviser demurred when asked by “Fox News Sunday” guest host Dana Perino whether the Trump administration is considering concrete steps to stave off a potential recession after short-term U.S. treasury …

The Hill reports: Comedian Bill Maher on Friday continued his calls for another economic recession, claiming it would tank President Trump’s shot at reelection in 2020 and be “very worth” ending his policies. Speaking with a panel including political consultant Rick Wilson and journalists Betsy Woodruff and Carl Hulse, Maher dismissed criticism from people who “get mad” at rooting for …

USA Today reports: As financial markets tumbled Wednesday over concerns about international trade, President Donald Trump took to Twitter to defend his administration’s tariff war with China and to take his latest swipe at the nation’s central bank. “We are winning, big time, against China,” Trump wrote on Twitter, despite few signs of progress in negotiating a new trade agreement …

CNBC reports: Recession risk is rising, according to Bank of America. Based on the most recent data, the bank’s global economist now sees a greater than 30% chance of a recession in the next year. “Our official model has the probability of a recession over the next 12 months only pegged at about 20%, but our subjective call based on …