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Shipments of most widely-traded energy products are slowing in sync with the global economy, which has been stunned by the tough new tariffs imposed by U.S. President Donald Trump so far this year.
President Donald Trump’s aggressive tariff plan was largely expected to impact the US economy’s first-quarter performance as companies loaded up on imported goods ahead of higher levies.
The International Monetary Fund warned on Tuesday that the global economy could be hit hard as President Trump's sweeping tariffs threaten to spark an all-out trade war. The IMF predicted the ...
Since 1929, there have been 14 recessionary periods in the U.S. Most recently, the U.S. economy entered a brief, two-month long recession from February to April 2020, during the COVID-19 pandemic.
Just 20 days ago, the US stock market was sitting at all-time highs. The US economy appeared to be growing at a solid pace. And a recession was nowhere in sight. Now, the R-word is seemingly ...
May 30 (Reuters) - U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.
The U.S. economy contracted in the first quarter as President Donald Trump's economic agenda took effect, according to new data released on Wednesday. The Commerce Department's Bureau of Economic ...
Judging by the results, the United States should be the last country that wants to re-order the world economy. We’ve thrived in recent decades, while other advanced democracies have fallen behind.
During his campaign last year, President Trump repeatedly attacked former President Joe Biden for his handling of the economy, vowing to boost economic growth and lower inflation. But 100 days ...
Lately, Wall Street economic commentary has been replete with ominous warnings: President Donald Trump’s tariffs are bound to cause an economic downturn, or perhaps even a recession. Apollo ...
Here’s the truth, assuming you still believe in such things: After three years of growth, the U.S. economy shrunk in the first quarter of this year, and it’s all thanks to President Donald ...
The erratic pace and tone of Trump 2.0 is taking a toll on the stable economy the president inherited, denting growth prospects and leaving Americans more downbeat than they have been in years.