The International Monetary Fund warned on Tuesday that the global economy is set to enter a “new era” marked by “significantly” slower economic growth caused by tariff chaos and uncertainty brought about by President Donald Trump. “The global economic system under which most countries have operated for the last 80 …
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TikTok users have been in full panic mode in the midst of President Donald Trump’s ongoing game of chicken with tariffs and the U.S. economy. Now, the conversation has finally reached a boiling point over … handbags? Trump’s tariffs mean an astronomical consumer burden on everything from wedding dresses to …
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Saturday Night Live‘s Donald Trump, ahead of next week’s Easter holiday, compared his handling of the economy to the story of Jesus’ death and resurrection. Barging into a scene from the Bible, Trump (James Austin Johnson) began with the self-aware acknowledgment that he–once again–is comparing himself to Jesus. “You know, …
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Saturday Night Live‘s Weekend Update took on Donald Trump‘s whiplash actions on tariffs, Elon Musk‘s attempt to get the president to back down, and Department of Health and Human Services Secretary Robert F. Kennedy Jr.‘s crusade against fluoride in public drinking water, among his other anti-science actions. Co-anchor Colin Jost …
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The Trump administration had announced tariffs on products from China only to walk back that decision on Friday, issuing an exemption from astronomical 145 percent reciprocal tariffs for smartphones, computers, semiconductors, and other electronic devices — although other tariffs would still apply. But on Sunday, the administration had senior White …
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President Donald Trump seems perfectly willing to plunge the United States into a full-blown trade war with China, and China is not backing down. Trump on Wednesday paused many of the most extreme tariffs he announced last week, but jacked up the tax on Chinese goods. The White House said …
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Egg prices hit record highs in the latest Consumer Price Index (CPI) report, alongside increases in the average prices in other staple food categories. The increase comes as retailers continue to brace for the effects of President Donald Trump’s global 10 percent tariff rate — which remains in effect despite …
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Donald Trump blinked, and his massive new trade war has been drastically scaled back. Or, maybe not? Perhaps he’s just tweaking the details during a partial 90-day pause, and he preps other, different, and more magnificent tariffs. Regardless, the president of the United States will continue to hold the American …
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Donald Trump blew up his tariff agenda on Wednesday, writing in a Truth Social post that he is instituting a “90-day pause” on the bulk of the import taxes he had announced a week earlier. The surprising reversal came as financial markets were tanking, and as the president and his …
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Another key recession indicator is rearing its head as President Donald Trump’s administration enacts reciprocal tariffs on large swaths of goods imported into the United States. On Wednesday morning, the price of U.S. Treasury bonds took a nosedive, while yields spiked — a sign that bond holders are dumping their …
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