Bad news about the US economy travels fast. But examples of a slowing economy are potentially being blown out proportion.
Trump’s new tariffs on Mexico, Canada and China have launched a trade war as the U.S.’s biggest trade partners retaliate.
"Tariffs are about making America rich again and making America great again," Trump said in his address to Congress.
U.S. President Donald Trump's trade war with China will give Brazilian agricultural exporters an opportunity to take an even bigger share of the Chinese market at the expense of American farmers, but it could also fuel already high food inflation in Brazil.
The law firm business generally follows the health of the broader economy, which is being threatened by a prolonged trade war. Longer term, the tariffs implemented this week could cut 1.3% from US GDP and lead to a rise in the Federal Reserve’s preferred inflation measure, according to Maeva Cousin and Rana Sajedi of Bloomberg Economics.
It’s too soon to declare that the battle to contain inflation in Australia is over and a cautious approach to interest rate cuts is still needed, the deputy governor of the Reserve Bank of Australia,
The European Central Bank is cutting interest rates by a quarter percentage point, lowering credit costs for consumers and businesses to support an economy that is struggling to show solid growth.