“Don’t use his term ‘liberation day’! Call it Trump’s devastating trade war! He has caused maximum uncertainty, likely to drive the U.S. economy to a near halt,” wrote one economist. As U.S. President Donald Trump gears up to unveil yet another round of tariffs this week and observers warn of potential “stagflation,” the Wall Street giant Goldman Sachs on Sunday published a research […]
One critic said the party’s “top priority is making working- and middle-class families pay more for healthcare, lifesaving medications, food, cars, and electronics, all to fund more tax breaks for the ultrawealthy.” The national campaign Unrig Our Economy said Wednesday that U.S. President Donald Trump’s promise of tariffs targeting the automobile industry, pharmaceuticals, and semiconductor […]
U.S. President Donald Trump on Monday paused new 25% tariffs on Mexican and Canadian goods exported to the United States for a month after speaking with Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau. Sheinbaum said she would dispatch 10,000 National Guard troops to try to curb the flow of the deadly […]
One economist warned the tariffs would amount to the “largest tax increase… that has ever been imposed” on working-class families. The trade war that U.S. President Donald Trump launched over the weekend by announcing sweeping new tariffs on imports from Canada, Mexico, and China drew intense criticism from experts and analysts across the ideological spectrum, including those who believe […]