Economic Sentiment - Americans' views on the economy have turned more negative in the third quarter, with deepening concerns about jobs and inflation impacting overall sentiment [5][6] - The percentage of Americans optimistic about the economy has risen to 24% from 17%, while those pessimistic about the economy increased to 57% from 40% [9] Presidential Approval Ratings - President Trump's overall approval rating dropped to 44% from 46%, with economic approval falling more significantly by three points to 42% [6][7] - The president's economic approval has averaged a net minus 11 in the three surveys conducted during his second term, contrasting with a plus five in his first term [7] Public Blame for Economic Issues - A majority of 53% of the public blames congressional Republicans for the potential economic fallout from the shutdown, compared to 37% blaming congressional Democrats [10] - The survey indicates that independents are leaning negatively towards the president, with approval ratings showing a minus 20 to minus 30 range [11] Economic Data and Perception - Despite overall economic data showing all-time highs, average Americans express dissatisfaction regarding jobs, inflation, and tariffs [12][15] - The sentiment regarding the labor market is perceived to be weaker than anticipated, with discussions around unemployment rates suggesting a potential rise to 5% if immigration levels remain low [13][14] Tariffs and Economic Transition - The president's handling of tariffs has turned substantially negative, with a noted increase in costs attributed to tariffs impacting public sentiment [8][16] - The government surplus numbers have shown fluctuations, with tariff revenues contributing to some of the changes observed [16]

The odds of US imposing 100% tariffs on China just dropped to 10%.Pump the markets now. https://t.co/7PZP7n7QNy ...

What is your view of the regional banks. Are you concerned about the entire space right now or do you have concerns about the entire space or is it just individual names that you think investors should be worried about. >> Well, I mean, you never know, Frank, but it looks like a tempest in a teapot, if you will, because you're talking about with Western Alliance, you know, and Zion's very small and sort of oneoff.It looks like at the moment 60 million. And I think what we know about what's happened in the i ...

Geopolitical & Trade Relations - US-China trade relations are under scrutiny as Trump plans to meet President Xi in two weeks [1] - Current China tariffs are viewed as unsustainable [1]

BREAKING: 🇺🇸🇨🇳 Trump said "no" when asked if the tariffs on China will remain. https://t.co/rOcvy126jz ...

JUST IN: 🇺🇸🇨🇳 President Trump says "no" when asked if China tariffs will stand. https://t.co/lx2cGF73XG ...

Core Insights - The article highlights the struggles of small businesses, particularly in the footwear and retail sectors, due to increased tariffs imposed by the Trump administration, which have significantly raised costs and created financial strain [4][6][10]. Impact on Small Businesses - Small businesses like AV Universal Corp. are facing severe financial challenges, with the CEO needing to take a $250,000 loan to cover a tariff bill that has skyrocketed from approximately $7,500 to $353,125 for 2025 [2][10]. - Many small business owners are forced to raise prices to manage higher tariff costs, but this has led to decreased sales, with some reporting a drop of around 30% in sales after price increases [5][10]. - The article notes that small businesses represent over 40% of the U.S. GDP and employ nearly half of the American workforce, indicating their critical role in the economy [6]. Tariff Costs and Business Strategies - AV Universal Corp. expects to pay $353,125 in tariffs for 2025, a significant increase from $45,000 in 2024, while other companies like Talus Products anticipate tariffs of approximately $499,000 for 2025, up from around $223,000 in 2024 [10][11]. - Companies are exploring various strategies to cope with tariffs, including raising prices, negotiating with suppliers, and considering relocating production to countries with lower tariffs, such as China and Vietnam [10][11][17]. Economic Outlook - Experts suggest that the struggles of small businesses could foreshadow broader economic challenges, potentially impacting larger businesses in the future [7]. - The article mentions that larger retailers have managed to absorb tariff costs better due to their ability to stock up on inventory before tariffs were implemented, but this advantage may diminish as inventory runs out [7][8]. Legal Context - The future of the tariffs remains uncertain as a federal court has ruled them illegal, and the Supreme Court is set to review the appeal, with arguments scheduled for November [8].

IF THESE RECIPIENTS OF CHINESE GOODS FEEL THE HEAT, WE MAY STILL HAVE THE RISK OF A TRADE WAR MOVING FROM ONE PLACE TO ANOTHER, SO OUR MESSAGE TO EVERYBODY IS BECOME AN TO CHINA, BE CAREFUL. DO NOT PROVOKE OTHER COUNTRIES TO SEE YOU AS A THREAT. HASLINDA: THE IMF IS CALLING FOR CALM AND RESTRAINT AS BEIJING AND WASHINGTON TRADE SHARP BARBS, ESCALATING FEARS OF A DEEPENING TRADE WAR AND GLOBAL FALLOUT FROM TARIFFS.LIVE FROM SINGAPORE, THIS IS "INSIGHT" WITH HASLINDA AMIN WHERE WE DIVE DEEPER INTO STORIES THA ...

Volvo expects a trucking slowdown to extend into next year as uncertainties linked to Trump’s tariffs weigh on demand in North America https://t.co/oPcyNtQy7J ...

Economic Outlook & Trade Tensions - US-China trade tensions, including export controls and potential tariffs, pose risks to the economic outlook [1] - Asia Pacific growth is forecasted at 45% this year, decreasing to 41% next year, but is subject to downside risks due to trade tensions [2] - Global economic growth is projected at 31% in the baseline scenario, but could be 03% percentage points lower with greater tariffs and supply chain disruptions [3][4] China's Economic Impact - China's exports to the US have declined sharply since 2017-2018, while exports to the rest of Asia, especially ASEAN, have increased [6][7] - Deflationary pressures in China are leading to lower export prices, impacting countries around it, including ASEAN [8][9] - Weak domestic demand in China exacerbates the issue, suggesting that boosting consumption and fixing the real estate sector could alleviate the spillover effects [9][10] Policy Recommendations for China - China provides approximately 4% of policy support every year for priority sectors, including EVs [11] - The report calls for China to scale back such policies and remove trade and investment restrictions to restructure growth and reduce internal and external imbalances [12]