• Trump's tariffs to kill thousands of US jobs - study

    18 days ago - By RT

    US President Donald Trump's trade war is supposed to create more jobs, but a recent study shows the reality may be more bitter for the ‘America First' policy.
    Read more ...

     

  • One chart shows why Trump's trade fight with Canada and Mexico is misguided

    One chart shows why Trump's trade fight with Canada and Mexico is misguided

    18 days ago - By Business Insider

    President Donald Trump's recent trade actions have stepped up pressure on Canada and Mexico, two close US allies.
    Trump's focus for his broader trade agenda is to reduce US trade deficits with various countries.
    But Canada and Mexico make up a tiny part of the overall US trade deficit.
    In fact, the US maintains a trade surplus with Canada.
    President Donald Trump's hostility toward Canada and Mexico is unlikely to help the president achieve the primary goal of his recent trade actions.
    In recent weeks, Trump has ramped up tension with the US's North American neighbors, with the goal of...
    Read more ...

     

  • Gary Cohn reportedly kept the jobs report away from Trump out of concern he would break protocol and comment on them early

    Gary Cohn reportedly kept the jobs report away from Trump out of concern he would break protocol and comment on them early

    18 days ago - By Business Insider

    The former National Economic Council Director Gary Cohn kept the monthly jobs report away from President Donald Trump to prevent any leaks, Politico reported Monday.
    Over an hour before the jobs report on Friday, Trump tweeted he was "looking forward" to the numbers, jolting traders into speculation that they were good.
    A Bureau of Economic Analysis rule bars executive-branch officials from commenting on the jobs report until an hour after its release.
    Larry Kudlow, who replaced Cohn in the NEC role, said Trump didn't give anything away.
    The former National Economic Council Director Gary...
    Read more ...

     

  • Top Business Economists Predict U.S. Could Face Recession in 2020

    Top Business Economists Predict U.S. Could Face Recession in 2020

    18 days ago - By Fortune

    President Donald Trump's major tax cuts will be a boon to the U.S. economy throughout 2018 and 2019, but the president's other policies could lead to a new recession in 2020, according to a group of top business economists.
    The latest quarterly outlook by the National Association for Business Economists states that its panel of 45 economists believe that the nation's gross domestic product will grow by 2.8% this year, a decrease from the panel's prediction in March of 2.9% GDP growth, according to the Associated Press .
    The panelists forecasted that the nation's GDP would grow by 2.7% in...
    Read more ...

     

  • Even Trump's top economic adviser admits Trump's trade war could hurt the US economy

    Even Trump's top economic adviser admits Trump's trade war could hurt the US economy

    18 days ago - By Business Insider

    Larry Kudlow, President Donald Trump's top economic adviser, was asked whether the president's tariffs could "jeopardize" the strong US economic growth.
    "Oh, it might, I don't deny that," Kudlow responded, but said the trade actions hadn't hurt the economy yet.
    Stephen Moore, another economist who has advised Trump, also said the tariffs were "problematic."
    Most economists expect the tariffs to be a modest drag on economic growth.
    Economists, trade experts, and investors are all worried that President Donald Trump's recent tariffs could be a problem for the US economy. Even top advisers in...
    Read more ...

     

  • Congress Is About to Decide Whether to Give Trump More or Less Power to Expand Wars

    18 days ago - By Fortune

    America has a war problem. Government officials assure us we've brought Al Qaeda to its knees and prevented ISIS from establishing a caliphate. Yet with every passing year since 9/11, we're at war with more groups, and in more countries, than before. And there's no end in sight.
    No one seriously thinks Congress had this in mind back in 2001, when it authorized the use of military force against those who planned, aided, and executed the 9/11 attacks. But after allowing three successive presidents to stretch this authorization beyond recognition-pressing it into service around the world...
    Read more ...