Trade Policy & Tariffs - President Trump signed an executive order announcing new tariffs ranging from 10% to 41%, scheduled to take effect on August 7th [1] - Canada was hit with a 35% tariff on imports [2] - Talks with China continue with an August 12th deadline approaching, and a 90-day extension was announced for Mexico [1] - The market is experiencing uncertainty around tariff rates, impacting business investment and hiring decisions [17][20][21] Economic Impact - GDP growth was trending north of 2% before Trump took office and the trade war, but is now around 1% for the first half of the year [9] - The economy is showing signs of slower growth and higher prices, potentially leading to stagflation [10] - Tariffs are being passed through to consumer prices, affecting furniture, toys, apparel, and electronics [14] - Businesses are sitting on their hands in terms of investment and hiring due to uncertainty [20][21] Political Considerations - There is a perception that the economy is doing well, partly because earlier predictions of economic collapse due to tariffs did not materialize [5] - Democrats should focus on how tariffs contradict Trump's promise to lower costs [6] - The chaotic trade war is not resolved and further negotiations are expected [22]

Bakeries are great microcosms of the economy https://t.co/VOm1Hlp1Xd ...

Buffalo has some of the country's snowiest winters, its beloved Bills have yet to win a Super Bowl and the economy has yet to fully rebound. Yet former residents keep returning, buying up high-end homes and giving the luxury market a jolt. https://t.co/aj0oTXIiVq ...

Welcome back. As President Trump tries to move away from the controversy over the Jeffrey Epstein files, not all of his supporters are ready to. Some new polling by the Washington Post shows 86% of Americans want all of the files from this case released, including 83% of Republicans.NBC's Shaquille Brewster is with us now live from St. Clair, Michigan. Shaq, that's an overwhelmingly conservative area.Trump won twothirds of the vote there in November. What are you hearing from people there about how the pres ...

uh bring in Charles Schwab's Kevin Gordon, High Tower Adviserss Stephanie Link and former Federal Reserve Governor Frederick Michigan. Um Stephanie and Fred uh Frederick are both CNBC contributors. And we are going to hear from uh from Steve Leeman who was in the room in just a moment.And Professor Michigan, I'd love your takeaway on on Pal's comments there. I mean, he he seemed to withhold any uh any indication that he's leaning toward a cut in September and in fact at one point said, "Hey, we're already l ...

Credit and Debt Dynamics - The US economy's total credit is approximately $50 trillion, significantly exceeding the total money supply of about $3 trillion [1] - Credit's impact is contingent on its use; it is detrimental when it fuels unsustainable overconsumption but beneficial when it efficiently allocates resources and generates income for debt repayment [3] - Borrowing facilitates increased spending, enabling incomes to temporarily outpace productivity, though this is unsustainable in the long term [2] Economic Cycles - Credit creation fosters self-reinforcing economic patterns, but borrowing inherently generates cycles, necessitating eventual corrections [5] - The economy demonstrates how credit amplifies spending and income, illustrated by examples of individuals leveraging credit cards to spend beyond their immediate earnings [4][5]

The central bank may be in the unenviable position of cutting rates because the economy is weakening, not because inflation has been whipped, @BobOnMarkets says (via @opinion) https://t.co/Yll3qt04Ym ...

Monetary Policy - The Federal Reserve decided to keep interest rates unchanged for the fifth consecutive time [1] - President Trump has been pressuring the Fed to cut interest rates to boost the economy [1] Economic Performance - America's gross domestic product (GDP) grew 3% in the second quarter [2] - The US economy shrank 0.5% in the first quarter [2] - The whiplash in GDP could be attributed to the back and forth over tariffs [2] - Imports dropped dramatically in the most recent quarter [2]

U.S. Economy Rebounded In Second Quarter As GDP Rises 3%https://t.co/PKvHnTU6Pf https://t.co/6KY5TzEMe9 ...

Britain will grow faster than any other major European economy this year and next but continue to lag behind the US and Canada among G-7 industrialized nations, according to the IMF https://t.co/fd8wGkZocz ...