The US is preparing to impose tariffs of up to 3,521% on solar panel imports from four Southeast Asian countries following an investigation into alleged Chinese subsidies. Cambodia faces the highest tariffs due to lack of cooperation. Critics argue this will harm US solar producers. Separately, the IEA head,...
The International Monetary Fund (IMF) warns that President Trump's tariffs could trigger a global trade war, significantly impacting the global economy. The IMF lowered its global growth forecast to 2.8% for this year, down from 3.3% predicted in 2024, and slashed its U.S. growth forecast to 1.8%. Chief...
Global economic leaders are meeting in Washington for the IMF and World Bank spring meetings amidst growing anxieties. The atmosphere is markedly different from last fall, with President Trump's trade war, inflation fears, and recession worries dominating discussions. Multilateral institutions face pressure to prove their relevance to the...
The IMF warned of a heightened US recession risk due to Trump's trade war, downgrading growth forecasts for G7 nations and major economies like China and India. The fund cut its US growth forecast to 1.8% in 2025 from 2.7%, citing escalating tariffs and uncertainty. A 40% recession...
The S&P 500 has experienced a 14% decline since President Trump's inauguration, marking the worst start to a presidency since 1928. This underperformance contrasts with a 3.2% average rise in global country-level ETFs. Trump's "America First" policies and unpredictable trade actions have fueled market uncertainty. European stocks,...
Thousands of federal jobs in Kansas City are at risk due to mass firings and grant cancellations under the Trump administration. The cuts impact various sectors, including childcare, tax processing, and public health. A single mother who lost her job and a historically Black neighborhood that lost a...
US stocks plummeted Monday, with the S&P 500 down 2.6% and the Dow falling 1000 points, fueled by anxieties over Trump's trade war and criticism of the Federal Reserve. Big Tech stocks led the decline. The US dollar also weakened, an unusual occurrence during market uncertainty. Trump's...
Hurricane Helene devastated North Carolina farmers seven months ago, leaving a significant food insecurity gap. While the White House pledges support, aid organizations like Bounty & Soul report insufficient government funding. They've seen a 340% increase in food purchasing needs, supplementing local farmers with wholesalers due to high demand....
The dollar plummeted to a three-year low against major currencies on Monday, following President Trump's renewed attacks on Federal Reserve Chair Jay Powell. Gold surged to a record high, while the Swiss franc and yen strengthened. This market reaction stemmed from uncertainty surrounding US economic policy and the...
New tariffs on imported baby products are causing panic among American parents and businesses. With 90% of baby products manufactured in Asia, primarily China, prices are expected to surge. Parents are rushing to buy necessities before prices increase significantly, while businesses like Munchkin have halted orders and implemented...
