Trump’s Tariff Push Sparks Inflation Warnings: Economists See Price Surge Ahead As former President Donald Trump steps up his attacks on Goldman Sachs CEO David Solomon, accusing him of downplaying the economic risks of global trade, a growing chorus of economists is warning that Trump’s proposed massive tariff hikes could trigger a new wave of … Read more
GM and Stellantis Shares Fall After Trump’s Auto Tariff Announcement Stock prices for General Motors (GM) and Stellantis take a significant dip following former President Trump’s recent proposal to impose tariffs on foreign-made vehicles, sparking concern among industry analysts and investors. Shares of General Motors (GM) and Stellantis plummeted in the wake of former President … Read more
BREAKING NEWS Mortgage Rates Tumble Amid Tariff Easing, But Housing Affordability Crisis Persists June 10, 2024 In a surprising shift, U.S. mortgage rates have dropped sharply this week, hitting their lowest level in months as global trade tensions ease. The average 30-year fixed-rate mortgage fell to 6.2%, down from 6.8% just four weeks ago, according … Read more
Stock Market Crash Not Part of Trump’s Economic Plan, Advisors Clarify Washington, D.C. – Amid growing market volatility and concerns over former President Donald Trump’s proposed economic policies, his campaign advisors have firmly dismissed speculation that a stock market crash is part of his strategy, calling such claims “baseless fearmongering.” Market Jitters Over Trump’s Policy Proposals Recent … Read more
Washington, D.C., April 3, 2025 – President Donald Trump’s sweeping “reciprocal tariffs,” signed into effect on April 2, have cast a wide net, targeting over 180 countries and territories with a baseline 10% duty and steeper levies for some. While major economies like China (54%) and the EU (20%) dominate headlines, the tariff list includes … Read more
Washington, D.C. – June 10, 2024 – Former President Donald Trump’s proposal to impose sweeping 10% across-the-board tariffs on all U.S. imports has drawn sharp criticism from economists, who argue that the policy would inflate costs for consumers, disrupt supply chains, and potentially trigger retaliatory trade wars—with little benefit to American workers. Trump’s Tariff Plan: A “Blunt Instrument” in … Read more
Trump Demands ‘Good Enough’ EU Trade Deal Before August 1, Says Cantor Fitzgerald CEO Lutnick New York – Former President Donald Trump is pushing for a preliminary trade agreement with the European Union before August 1, according to Howard Lutnick, CEO of Cantor Fitzgerald. The financial services executive, who has advised Trump on economic matters, … Read more
April 18, 2025 Detroit, MI – U.S. vehicle inventories are collapsing as consumers flood dealerships to beat President Donald Trump’s 25% tariffs on imported cars, effective April 3, 2025, which threaten $3,000–$6,000 price hikes, per CNBC (web:0). New vehicle supply fell from 91 days in March to 70 days by April 16, with used cars … Read more
Trump Official Confirms 10% Baseline Tariffs to Persist, Echoing World Requires Stability Might 11, 2025 — Howard Lutnick, U.S. Secretary of Commerce, affirmed on CNN’s State of the Union with Dana Bash that President Donald Trump’s 10% baseline tariff on imports from practically all buying and selling companions will stay “in place for the foreseeable … Read more
Personal sector job creation slowed to a crawl in February, fueling considerations of an financial slowdown, payrolls processing agency ADP reported Wednesday. Corporations added simply 77,000 new employees for the month, properly off the upwardly revised 186,000 in January and beneath the 148,000 Dow Jones consensus estimate, in accordance with seasonally adjusted figures from ADP. … Read more