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.
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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 - 4h -
Democrat slams tariffs announcement: ‘Trump is driving the US economy straight into a wall’ – live
Ron Wyden, ranking member of Senate finance committee, says tariffs on neighboring countries will be felt by Americans and called it a betrayal to Trump’s voters. Trump threatens China with ...The Guardian - 13m -
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 - 6d -
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 - 2d -
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 - 5d -
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What will Starmer’s defence spending buy from Trump?
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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 - 3d -
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 - 6d -
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 - 18h -
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 - 4h -
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 - 5d -
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 - 1d -
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 - 5d -
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 - 6d -
US traders snap up aluminium ahead of Trump tariffs
Imports hit highest level since mid-2022 as premium over London price surgesFinancial Times - 5d -
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 - 1h -
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 - 4d -
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 - 4d -
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 - 1d -
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 - 17h -
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 - 1d -
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 - 21h -
Stop criticising Trump and sign $500bn mineral deal, US official advises Kyiv
National security adviser says Ukraine is wrong to push back against Trump’s approach to peace talks with Russia. White House officials have told Ukraine to stop badmouthing Donald Trump and to ...The Guardian - 6d -
Trump official says Zelenskyy will sign US minerals deal ‘in the very short term’
National security adviser Mike Waltz tells CPAC agreement is expected imminently as part of ceasefire negotiations. The White House national security adviser, Mike Waltz, said on Friday that the ...The Guardian - 6d -
Pope Francis showing early signs of kidney failure
Pope Francis remains in critical condition, with the Vatican saying blood tests reveal early signs of kidney failure. Doctors said the pope has not had another "respiratory crisis" since Saturday. ...CBS News - 3d -
Pope Francis remains hospitalized, shows signs of improvement
Pope Francis is showing signs of improvement and had a good night of rest after a tumultuous weekend, the Vatican said. CBS News' Chris Livesay reports.CBS News - 2d -
Trump vows to slap 25% tariffs on EU and claims bloc was ‘formed to screw US’
EU said it will reply ‘firmly and immediately’ to ‘unjustified’ trade barriers, signaling it’s ready to retaliate against levies. Donald Trump has threatened to slap 25% tariffs on the European ...The Guardian - 1d -
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 - 15h -
Sunday shows preview: Trump workforce cuts, Ukraine-Russia rhetoric have world on edge
President Trump’s agenda is in full effect with numerous cuts to the federal workforce and Pentagon staff rounding out his objective to slash government spending with a focus on stark reform. One ...The Hill - 4d -
2-year Treasury yield slides to lowest since October on more tariff talk from Trump
U.S. government debt rallied on more tariff threats by President Donald Trump on Wednesday, reigniting economic fears and sending the policy-sensitive 2-year Treasury yield to its lowest level in ...MarketWatch - 23h -
Trump wants a 25% tariff on cars from the E.U. Where he could be going wrong.
Some trade experts haven’t been won over by the 47th president’s tariff proposals, even as Europe’s big car companies are making shifts to deal with Trump 2.0.MarketWatch - 15m -
Murphy: Trump administration focused on 'stealing from all of us'
Sen. Chris Murphy (D-Conn.), who has emerged as one of his party's loudest critics of the Trump administration, said the newly elected executive branch is focused on “stealing from all of us.” ...The Hill - 2h -
The US risks a heavy price for cutbacks in research spending
Science funding cuts may hit long-term growth and reduce US appeal to foreign investors and talentFinancial Times - 1d -
Trump officials want to ban junk food from SNAP. Past efforts show it's not easy to do
A push to ban sugary drinks, candy and more from the Supplemental Nutrition Assistance Program may soon get a boost from new Trump Administration officialsABC News - Feb. 19 -
February consumer confidence posts biggest drop since 2021 in latest sign of slowing economy
Consumers grew more pessimistic about the economic outlook in February as worries brewed about a slowing economy and rising inflation, the Conference Board reported Tuesday.NBC News - 2d -
February consumer confidence posts biggest drop since 2021 in latest sign of slowing economy
The board's Consumer Confidence Index slipped to 98.3 for the month, down nearly 7% and below the Dow Jones forecast for 102.3.CNBC - 2d -
Tesla Is Again Showing Signs It Wants to Sell Cars in India
Bringing showrooms filled with high-end American-made electric vehicles to India would mark a symbolic victory for President Trump’s ally.The New York Times - 5d -
Pope showing encouraging signs, Vatican says, unlike news over the weekend
Pope Francis remains in the hospital as he battles double pneumonia. But, the Vatican says the 88-year-old pontiff is getting better. CBS News foreign correspondent Chris Livesay has the latest.CBS News - 16h
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