Economic Policy & Impact - The current administration's agenda is dominated by tariffs, civil service conflicts, and Federal Reserve attacks [1] - These policies are beginning to negatively affect economic data [1] Potential Risks - The dangers of the current economic approach are becoming apparent in economic indicators [1]

Trade Policy - Dozens more countries are now affected by Trump's tariffs [1]

Donald Trump has started a fight that America can’t win. Rachana Shanbhogue, our business affairs editor, explains how his sweeping set of tariffs will ultimately make American consumers poorer https://t.co/p2CjnxgO4w https://t.co/MCFdVD9k4f ...

Some companies in Sri Lanka cite Donald Trump’s proposed tariffs as a reason to refuse salary rises or bonuses. We explain why the future of many women in the country depends on its ability to strike a deal with America’s president https://t.co/z8NvHvoLcn ...

What's your reaction to Governor Coogler's decision here and how concerned are you about who might replace him. I've just seen the headlines, so I am I am learning information real time, whether this was a personal choice or whether there was a feeling of a political pressure. And I'm almost, you know, hesitant to even even weigh in because I don't have the information.Anything, though, that I just as a as a overarching point, anything that makes this fed more political, that robs it of its independence is ...

Trump fires lead official on economic data as tariffs cause market drop https://t.co/xtmsAMWPk5 ...

Trade Tensions and Tariffs - The market is closely watching trade tensions, especially regarding tariffs imposed by President Trump on various countries, including Canada [1] - The potential average effective tariff rate is estimated to be 15% to 20% [3] - Tariffs are generally considered inflationary by raising prices, with American consumers ultimately bearing the cost [3] - The impact of tariffs is influenced by how American importers pass on the tariff burden to overseas suppliers and the fluctuation of the US dollar against other currencies [3][4] Legal Challenges to Tariffs - A legal challenge is underway against President Trump's tariffs imposed under the International Emergency Economic Powers Act (IEEPA) [5][6] - The Constitution grants Congress the tariff power, but Congress also enacts statutes allowing the president to impose tariffs in specific situations [7] - The IEEPA was not previously seen as authorizing a president to impose tariffs, only non-tariff trade barriers [7] - A lower court initially struck down the tariffs, but the Court of Appeals blocked the order, and the tariffs are still being collected [9] - The Court of Appeals expressed skepticism about the legality of the tariffs under the IEEPA [9] US-China Trade Negotiations - US-China trade negotiations are the most closely watched by the market [11] - There is a lack of concrete details in current trade deals, benefiting Chinese trade negotiators [11][12] - China seems to be able to pressure the US government to relax export controls [13] - The absence of concrete details in trade deals provides no incentive for the Chinese government to commit to specific terms [14]

get straight to it. Joining us now, co-host of the Prof Markets podcast, Ed Ellen, staff writer for the New Yorker, Susan Glasser, and co-founder and director of economic policy at Veta Partners, Henrietta Trees. Henrietta, starting with you.The commissioner of labor statistics fired by the president in Trump's words for faking the jobs numbers and quote manipulating them for political purposes. Let's just fact check that. This is offensive in the extreme.um when we traffic in economic circles. I mean I spe ...

Diane, h how much does this change the picture? Uh especially these revisions as Bostik was mentioning there. Um you think the Fed would have made a different decision if if these numbers had been out days ago. >> I'm not sure they would have made a different decision on the month of July, but I think this does nudge them obviously closer to September. It's still not a slam dunk. This is the hard part for the Fed. The important part for Bostic is he didn't say, "Hey, this is it. we're gonna cut now because ...

Economic Slowdown & Job Market - US economy's job growth has slowed, with an average of 85,000 jobs added per month this year, compared to 168,000 jobs per month last year [2] - The report indicates deepening cracks in the US economy, with businesses putting expansion plans on hold due to economic uncertainty [4] - Potential US economic growth has shifted down due to changes in the labor force [9] Impact of Tariffs & Trade Policies - Tariffs are slowing job growth and economic growth [3] - Tariffs are expected to increase prices over time, impacting consumers [22] - Deportation policies are having an effect on the labor markets [5] - Tariffs on products from countries like Canada (originally 25% to 35%) and Switzerland (39%) could impact various sectors, including lumber, cars, and medicines [18][19] - Tariffs on Brazilian products, such as beef (50%), could be felt by consumers [21] Inflation & Consumer Spending - There is a possibility of stagflation, where growth slows (currently at about 12% to 2% annual rate) and inflation picks up closer to 3% rather than 2% [6] - Consumer spending growth is half of what it was a year ago, indicating concern among American consumers [16] - Tariffs are raising costs on everyday products, impacting back-to-school, Thanksgiving, and Christmas shopping [12] White House Perspective - The White House is nervous about the economic situation and is preaching patience [17] - The current economy is producing half as many new jobs as the "Biden economy" did in 2024 [14]