U.S. Economy Shows Signs of Strain From Trump’s Tariffs and Spending Cuts
Consumer and business sentiment is wobbling as fiscal support fades and fears rise that tariffs will lead to higher prices.
Read more at The New York Times
-
Economists say Trump tariff threats, DOGE job cuts are 'chilling' the economy
Economists say uncertainty from Trump’s tariff threats and mass layoffs of government workers are starting to have a “chilling” effect on the U.S. economy.ABC News - 3d -
Trump tracker: the latest data on US trade, tariffs and economy
As the president threatens a trade war, follow the latest on tariffs and executive ordersFinancial Times - 4d -
US may exclude government spending from GDP, obscuring effect of Doge cuts
Howard Lutnick’s remarks echo Elon Musk, who says government spending doesn’t create value for US economy. US politics live – latest updates Howard Lutnick, the US commerce secretary, said on ...The Guardian - 3h -
Trump administration briefing: hundreds fired from US climate agency as Americans feel economy getting worse
Democrats warn that cutting jobs at Noaa ‘will cost American lives’ – key US politics stories from Wednesday at a glance. The Trump administration has fired hundreds of workers at the National ...The Guardian - 3d -
It’s Trump’s economy now — and businesses are anxious about tariffs and Washington upheaval
A burst of optimism among companies after Donald Trump won the U.S. presidential election has faded as business leaders grapple with potentially negative policies of the new White House.MarketWatch - Feb. 21 -
Here are all the Trump tariffs hitting the economy in the coming weeks
The president’s announcement led to fears that he won’t just be using the threat of new tariffs as a negotiating tool, but as lasting policy.MarketWatch - 5d -
US House passes budget resolution to cut taxes and spending by trillions
Bill would lead to large increase in America’s deficit, independent analysts sayFinancial Times - 5d -
Trump praises Starmer’s ‘hard’ lobbying as he again suggests UK will be exempt from US tariffs – live
Trump calls Starmer meeting ‘tremendously productive’ and says ‘we have a very good chance at arriving at a very good deal’. Trump-Starmer visit: the key takeaways European Commission ...The Guardian - 3d -
Steve Cohen says tariffs and DOGE's cuts are negative for economy, market correction could be soon
The CEO of hedge fund Point72 turned bearish for the first time in a while due to punitive tariffs, immigration crackdown and federal spending cuts.CNBC - Feb. 21 -
What will Starmer’s defence spending buy from Trump?
Plus: Amol & Nick talk tactics over PM-President meets & remember past awkward encounters.BBC News - 4d -
Europe's luxury sector is showing signs of revival — but China weakness and tariff threats loom
The sector had an upbeat earnings season. But continued weakness in China and U.S. tariffs could leave even the most exclusive brands vying for share of pocket.CNBC - Feb. 24 -
White House pushes back on criticism of Trump spending cuts
White House press secretary Karoline Leavitt on Friday said Americans support the massive job and spending cuts President Trump has enacted across the federal government since returning to the Oval ...CBS News - Feb. 21 -
Some small businesses are on the brink after Trump's spending cuts affect contracts
"My company has been left behind," one small business founder said.ABC News - 4d -
USAID cuts are just the start of Trump, Musk plan to slash agency spending
The dismantling of the United States Agency for International Development (USAID) appears to be the beginning of President Trump's efforts to instill massive cuts across federal agencies. CBS News' ...CBS News - 4d -
Trump’s tariff talk is raising inflation and could weaken the economy, ISM finds: ‘Customers are pausing on new orders’
The specter of rising U.S. inflation reared its head in February as the cost of supplies for U.S. manufacturers jumped to more than a 2 1/2-year high in response to new or threatened tariffs by ...MarketWatch - 59m -
Trump administration pushes on with government cuts amid some signs of pushback
NBC News White House Correspondent Yamiche Alcindor and NBC News Capitol Hill Correspondent Melanie Zanona report on new firings in the federal government as some House Republicans are confronted ...NBC News - Feb. 21 -
US and UK in talks on trade deal that could spare Britain from tariffs
Donald Trump says America is looking to forge pact as ‘quickly as it can be done’Financial Times - 3d -
Cuts at USAID and Elsewhere Strain Global Journalism
Investigative journalists around the world relied on funding from the U.S. Now, those watchdogs are scrambling to survive a sudden cash crunch.The New York Times - 3d -
Eli Lilly to spend up to $27 billion in new domestic plants amid Trump tariff threat
Drugmaker Eli Lilly plans to invest up to $27 billion to build four new pharmaceutical manufacturing sites in the U.S., the company announced Wednesday, a move that comes as President Trump is ...The Hill - 5d -
How the Trump and DOGE terminations — perhaps the biggest job cuts in history — may affect the economy
The Trump administration's federal mass job cuts may amount to the largest in history. That has financial ramifications for households and the economy.CNBC - Feb. 23 -
How the Trump and DOGE terminations — perhaps the biggest job cuts in history — may affect the economy
The Trump administration’s purge of federal workers may ultimately amount to the biggest job cut in U.S. history, which is likely to have ramifications for the economy, especially at the local ...NBC News - Feb. 23 -
Trump to sign order to make English official language of US
President Trump is expected to sign an executive order to make English the official language of the United States, rescinding policies that require federal agencies to provide language assistance ...The Hill - 3d -
Trump to sign executive order making English the official US language
President Donald Trump is expected to sign an executive order to make English the official language of the United States, according to a White House official.ABC News - 3d -
Trump signs executive order designating English as official language of US
Directive allows government organisations that receive federal funding to choose whether to continue to offer services in languages other than English. President Donald Trump has signed an ...The Guardian - 1d -
Trump signs executive order designating English official language of US
President Trump designated English as the official U.S. language in a Saturday executive order that repealed former President Clinton’s executive action aiding individuals who are limited in their ...The Hill - 1d -
A US-Canadian border friendship feels the strain
Relations between Detroit and Windsor, joined by a cross-border tunnel, are being marred by Trump’s threatsFinancial Times - 5d -
Trump signs order protecting American companies from ‘overseas extortion’
President Trump issued a memo on Friday that seeks to protect American companies and innovators from what he called "overseas extortion," adding to a bevy of actions proposed in his first month in ...The Hill - Feb. 22 -
Trump’s Cuts Come With Risks. Including From Volcanoes.
A spending freeze could disrupt systems that warn communities when eruptions appear imminent.The New York Times - 2d -
Trump is using tariffs as a blunt-force tool. It won’t work | Mike Williams
The steel industry needs to modernize. Tariffs can help, but the government must go beyond trade policy. Last week, Donald Trump revived a trade war from his first term, implementing a 25% tariff ...The Guardian - Feb. 21 -
US traders snap up aluminium ahead of Trump tariffs
Imports hit highest level since mid-2022 as premium over London price surgesFinancial Times - Feb. 22 -
Trump says US will impose additional 10% tariff on China
He also said he would move ahead with 25% tariffs on imports from Mexico and Canada, which had been paused.BBC News - 3d -
Trump and GOP leaders discuss using tariffs to pay for agenda
Politico - 3d -
UK-US trade deal could mean tariffs 'not necessary', says Trump
The US president says a trade deal could happen very quickly and avoid taxes on UK imports.BBC News - 3d -
China accuses US of 'blackmail' after Trump warns of increased tariffs
China’s officials condemned President Trump for his decision to add a 10 percent tariff on Chinese imports over the country’s alleged complicity in the international smuggling of fentanyl, a deadly ...The Hill - 3d -
China ‘annihilated’ US aluminium — can Trump’s tariffs revive it?
US president’s ambitious plan to revive the industry risks being thwarted by high electricity priceFinancial Times - 11h -
How Trump’s tariffs threaten an iconic US pick-up truck
Chevrolet Silverado’s complex supply chain leaves it particularly vulnerable to a looming trade warFinancial Times - 11h -
Musk, tariffs and tensions - takeaways from Trump's first cabinet meeting
Trump covered a wide range of topics, ranging from efforts to cut government spending to immigration, the economy and Ukraine.BBC News - 4d -
The Trump-Musk show takes center stage: From the Politics Desk
The Donald Trump-Elon Musk dynamic is defining the political state of play at the White House, on Capitol Hill and outside of Washington.NBC News - 4d -
UK government insists consultancy spending cuts ‘on track’
Big firms won £1.5bn of UK government work in 2024, an increase on the previous two yearsFinancial Times - 4d
More from The New York Times
-
2 Troubled Carmakers, Nissan and Stellantis, Could Be Hit Hardest by Tariffs
A possible 25 percent levy on goods from Canada and Mexico is likely to raise the prices consumers pay for new cars and trucks, and disrupt complex supply chains.The New York Times - 35m -
After He Ran a Cartoon on the War in Gaza, Gannett Fired Him
Tony Doris, the editorial page editor at The Palm Beach Post, was fired after he selected a cartoon that drew criticism from a nearby Jewish organization.The New York Times - 1h -
How Elon Musk Uses Internet Slang to Marshal His Army of Online Fans
Mr. Musk uses online slang to marshal his 200 million social media followers in support of his efforts to gut the federal government. But he might be reaching his limits.The New York Times - 22h -
How Elon Musk Uses Internet Slang to Marshal His Army of Online Fans
Mr. Musk uses online slang to marshal his 200 million social media followers in support of his efforts to gut the federal government. But he might be reaching his limits.The New York Times - 22h -
What You Should Know About Your Spouse’s Money
Many couples are surprisingly unaware about key aspects of each other’s finances — and that can hurt them. Here’s how to get on the same page.The New York Times - 1d
More in Business
-
Europe wants to broker peace in Ukraine — and between Trump and Kyiv after the White House fiasco
European allies are gathering again on Monday to try to bolster support for Ukraine and build bridges between Kyiv and Washington after an Oval Office fiasco.CNBC - 2m -
Strategy’s stock surges just in time. Why it’s not enough to halt the bear trend.
The company and bitcoin play saw its stock bounce off a key support area, with Trump’s help, but then ran right into heavy technical resistance.MarketWatch - 3m -
Strategy’s stock surges just in time. Why it’s not enough to halt the bear trend.
The company and bitcoin play saw its stock bounce off a key support area, with Trump’s help, but then ran right into heavy technical resistance.MarketWatch - 3m -
At the Oscars, Morgan Freeman Only Needed 1 Sentence to Teach a Powerful Lesson for Every Leader
In a touching tribute, Morgan Freeman highlighted his friend’s greatest accomplishment.Inc. - 7m -
Key Interest Rate Falls as Worries About the Economy Rise
Investors’ increasingly gloomy sentiment about economic growth appears to be driving down the 10-year Treasury yield.The New York Times - 7m