U.S. economy on shaky footing, Trump calls it a "detox period"

The U.S. economy is on shaky footing. The Trump administration calls it a "detox period" as it overhauls the federal government with layoffs, funding cuts and new tariffs. For markets, it's bruising. Ali Bauman has more details.

Topics

Americanswers…on 5 Live! Is Trump worried about the US economy?

Americanswers…on 5 Live! Is Trump worried about the US economy?
BBC News - 4h
The US economy is heading for recession

Donald Trump’s policy agenda is sapping American animal spirits
Financial Times - 1d
Stocks slide as Trump warns of US economy 'transition'

Investors are nervous about the possibility of a US recession, say experts.
BBC News - 5h
Starmer calls for ‘positive’ US-Ukraine talks in call with Trump

UK prime minister says he hopes negotiations will lead to resumption of US aid and intelligence sharing
Financial Times - 2h
Trump's Canada, Mexico tariffs try to 'stop the bleeding' in US economy: UAW chief

President Donald Trump's tariffs on Canada and Mexico "are an attempt to stop the bleeding" in the U.S. economy, United Auto Workers President Shawn Fain said.
ABC News - 1d
Trump says a transition period for the economy is likely: 'You can’t really watch the stock market'

Officials have spent the past several days bracing Americans for a slowdown that they say will lead to stronger growth ahead.
CNBC - 5h
Treasury’s Bessent Defends Tariffs, Warns of a Coming ‘Detox Period’

The Treasury Secretary says that “access to cheap goods isn’t the essence of the American Dream.” But being profitable to grow and sustain a business is.
Inc. - 3d
Trump proposes cutting ACA enrollment period, ending 'Dreamer' coverage

The Trump administration is proposing to shorten ObamaCare's annual open enrollment period by a month, a move the administration said is aimed at helping consumers pick the right plan. According to ...
The Hill - 1h
US energy groups call on Trump to take steadier approach on policy

Executives seek more predictable long-term rules after executive order whirlwind on climate, LNG, drilling and wind
Financial Times - 5h
Ireland urged to ‘wake up’ as Trump exposes economic reliance on the US

Economy faces ‘frog in a pot’ problem unless infrastructure and innovation improve urgently
Financial Times - 18h
Trump calls arrest of Palestinian activist Mahmoud Khalil ‘first of many to come’

President says in post his administration ‘will not tolerate’ actions of protesters at Columbia and other US universities. Donald Trump said on Monday that the arrest of a prominent Palestinian ...
The Guardian - 4h
‘I hate to predict things’: Trump doesn’t rule out US recession amid trade tariffs

US president downplays recent stock market volatility that followed his ducking and weaving over tariff policy. US politics live – latest updates Donald Trump on Sunday refused to rule out the ...
The Guardian - 1d
Republicans worry Trump's tariffs could harm economy

Republican lawmakers are growing alarmed over signs that President Trump’s expanding trade war is hurting the economy, something they’re hearing from constituents at home who are struggling to ...
The Hill - 13h
Trump urged to appoint N Ireland envoy amid US investment ‘concern’

Lawmakers call on president to continue tradition of sending an emissary to the region
Financial Times - 14h
Treasury Secretary Bessent says economy could be 'starting to roll a little bit'

President Trump's Treasury secretary discussed the U.S. economy and tariffs on "Squawk Box."
CNBC - 3d
As Trump shakes the international order, China casts itself as a model of stability

Even as its economy slows, China is using its annual National People's Congress to present itself as a global stalwart as Trump upends America's alliances.
NBC News - 1d
US exits fund that compensates poorer countries for global heating

Trump pulls out of Cop28 loss and damage deal that recognises harms done by richer, polluting economies to vulnerable nations. The Trump administration has withdrawn the US from a global agreement ...
The Guardian - 3d
Donald Trump bets propel Michael Platt’s BlueCrest to 15% gain

Hedge fund turned family office eclipses rivals with currency and bond wagers on a slowing US economy
Financial Times - 9h
Trump addresses economy concerns amid shifting policy on tariffs

President Donald Trump addressed concerns around the economy after a volatile week on Wall Street. It comes as Trump imposed tariffs on Canada and Mexico only to change course and pause some ...
NBC News - 2d
Stephen Moore: Tariffs 'are not a pick-me-up' for economy

President Trump’s former economic adviser, Stephen Moore, criticized the president’s approach to tariffs, saying the strategy does not provide the boost the already “wobbly” U.S. economy needs. “I ...
The Hill - 8h
Trump’s ‘Strategic Bitcoin Reserve’ Plan Comes With a Twist

Rather than buy bitcoin directly, Donald Trump’s plan calls for holding the US government’s current bitcoin assets in reserve—and creates a separate stockpile for other crypto coins.
Wired - 3d
EU must brace for impact of Trump wrecking ball on global trading system | Heather Stewart

UK appears to be out of US eyeline for now but it would not be immune to slowdown triggered by rising tariffs. Forget the “Trump put”, as financial analysts called the bet that the US president’s ...
The Guardian - 1d
Marco Rubio: one-time Russia hawk makes stunning U-turn under Trump

The secretary of state was once a prominent Ukraine supporter and called Putin a ‘war criminal’ – not any more. Marco Rubio , the US secretary of state, looked on as Donald Trump demanded more ...
The Guardian - 2d
Risk of ‘Trumpcession’ rising, economists say, as global markets fall

Donald Trump’s brinkmanship and stop-start approach to tariffs rattle investors. Business live – latest updates The risk that the US economy will enter recession this year is rising, according ...
The Guardian - 6h
Muslim nations reject Trump's call to empty the Gaza Strip of its Palestinian population

Foreign ministers from Muslim nations rejected calls by U.S. President Donald Trump to empty the Gaza Strip of its Palestinian population and backed a plan for an administrative committee of ...
ABC News - 2d
US energy secretary criticises climate policy for damaging UK economy

Chris Wright says ‘once mighty’ British steel and chemicals industries have been displaced to Asia
Financial Times - 5h
Steve Kornacki: How the economy is responding to Trump’s on-again, off-again tariffs

NBC News National Political Correspondent Steve Kornacki joins Meet the Press to look at how the markets are responding to President Donald Trump’s trade policies.
NBC News - 1d
Democrats need ‘new voices’ in fight against Trump, says Sen. Slotkin

In an exclusive interview with Meet the Press, Sen. Elissa Slotkin (D-Mich.), who delivered the Democratic response to President Trump’s joint address, says Democrats are still “finding our ...
NBC News - 1d
President Trump Called Out Canada. The Country’s National Hero Stayed Silent.

Wayne Gretzky is known as the “Great One.” But his allegiance to Trump has left many Canadians feeling deeply betrayed.
The New York Times - 1d
US will be ‘central’ to climate fight even without Trump, says Cop30 president

André Corrêa do Lago suggests US organisations can play a constructive role even if government limits participation. The US will be “central” to solving the climate crisis despite Donald Trump’s ...
The Guardian - 6h
What does the first job report under Trump mean for the economy?

A new jobs report released Friday shows 151,000 new jobs were added last month short of the 170,000 jobs expected. The early data does not yet take into account the mass layoffs across the federal ...
NBC News - 2d
Trump and the Fed Sound More Optimistic About the Economy Than Investors

Traders are selling stocks even as Jerome Powell and the White House convey confidence about markets.
Inc. - 8h
The US economic trump card

There is huge scope for householders to tap home equity lines of credit
Financial Times - 18h
US lumber prices slide on Trump’s Canadian tariffs delay

Futures close to record high after US orders investigation into dumping practices
Financial Times - 1d
We’re facing a ‘forever chemicals’ crisis. We must stop Pfas at the source

Pfas are poisoning our soil and polluting our lungs. The EPA is finally sounding the alarm – but that’s not enough. Sign up for our Detox Your Kitchen newsletter Several years ago, I made a ...
The Guardian - 13h
The US Army Is Using ‘CamoGPT’ to Purge DEI From Training Materials

Developed to boost productivity and operational readiness, the AI is now being used to “review” diversity, equity, inclusion, and accessibility policies to align them with President Trump’s orders.
Wired - 4d
Canadians believe that Mark Carney is the man to stand up to Donald Trump | Colin Horgan

The newly appointed Liberal leader is likely to call a federal election to bolster his mandate, but Canadians seem to see him as the best bet to counter US tariffs. When Mark Carney took the job as ...
The Guardian - 13h
Trump’s Tariffs by Whim Keep Allies and Markets Off Balance

Investors sent stock prices down on Thursday amid the uncertainty over what President Trump’s inconstancy means for the global economy.
The New York Times - 3d
Trump’s Call to Scrap ‘Horrible’ Chip Program Spreads Panic

The president’s attack on the key tenet of the Biden administration’s industrial policy has set off concerns that he may claw back its funding.
The New York Times - 5h