US TRADE POLICY RECESSION
Canada's economy 'Walking on a Tightrope,' Deloitte report warns of looming downturn
Deloitte forecasts a potential Canadian economic downturn in 2025, citing slow GDP growth and declining investment. The report emphasizes trade-related risks, particularly concerning potential U.S. tariffs. It urges policymakers to reinforce trade agreements, implement targeted fiscal stimulus, and address labor shortages to avert a deeper economic contraction following the recent election.
S&P cuts US growth forecast sharply but rules out chances of a recession
S&P Global Ratings has revised its US GDP predictions. The forecast for 2025 is down to 1.5 percent. The projection for 2026 is now 1.7 percent. This adjustment follows uncertainties from US trade policies. S&P also lowered growth forecasts for India, Canada, and other nations. These changes reflect concerns about a potential global economic slowdown.
Did Trump's tariffs hurt US economy in first quarter? Here's what the GDP report card says
The U.S. economy contracted in the first quarter as President Donald Trump's economic agenda took effect, according to new data released on Wednesday. It is the weakest GDP print since the same period in 2002. The slowdown comes amid growing concerns that Trump's wide-ranging tariffs could disrupt the U.S. economy, with some economists raising the chances of the U.S. slipping into a recession in 2025.
‘2 dolls not 30’: Donald Trump defends China tariff woes with 'toy math'
US President Donald Trump has acknowledged that his aggressive tariff policies may lead to fewer and more expensive consumer goods in the United States, suggesting that American children might have "two dolls instead of 30." Despite a 0.3% contraction in the U.S. economy during the first quarter of 2025, Trump insists that China will suffer more from the ongoing trade war. Critics argue that his tariffs are causing economic instability, with rising inflation and fears of a potential recession looming.
Japan's Nikkei climbs as BOJ signals longer road to rate hikes
Japan's Nikkei share average rose on Thursday, extending early gains after the Bank of Japan slashed growth and inflation forecasts in a sign it would take longer than previously expected to raise interest rates again.
As U.S economy shrinks in Q1, the buzz word around town is recession; here's what experts are saying
The US economy faced a contraction in the first quarter of 2025. This raised concerns about a possible recession. The GDP declined by 0.3%, surprising economists. Stock market indices reacted negatively to the news. Experts are divided on the severity of the economic downturn. Tariff policies are adding to the uncertainty in the market.
Trump's tariffs loom over American economy as shipments from China fall
American businesses are reeling from President Trump's unpredictable tariffs, leading to order cancellations and postponed expansions. The U.S. economy contracted in the first quarter, with imports significantly impacting growth. As trade tensions escalate between the U.S. and China, experts warn of potential shortages, layoffs, and a heightened risk of recession, fueled by declining consumer confidence and business uncertainty.
'BE PATIENT': Trump says shrink in US economy has 'nothing to do with tariffs'
The US economy shrank 0.3% in first three months of the year as firms stockpiled imports ahead of Trump tariffs. It is the worst quarterly performance for the U.S. economy since early 2022. US President Donald Trump has said that it has 'nothing to do with tariffs' as he blamed Joe Biden for it.
European shares rise as traders weigh mixed earnings, trade jitters
European shares climbed on Wednesday as investors assessed mixed corporate earnings and awaited key economic data, wrapping up a volatile month dominated by disruptive U.S. trade policy.
Asian stocks rise with earnings, economic data in focus
Australian and Japanese shares climbed at the open and equity-index futures for Hong Kong pointed to a moderate gain. US stock futures edged lower after Super Micro Computer Inc. tumbled in late trading on a disappointing update. Treasuries extended this month’s advance, with 10-year yields falling for a seventh day. The dollar was little changed after strengthening on Tuesday. Gold rose and oil dropped.
Retail nightmare incoming? Donald Trump’s trade policies may lead to empty shelves and full-blown recession by June
Experts warn that US President Trump's escalating trade war with China is set to significantly impact American businesses and consumers. Apollo Global Management predicts potential disruptions by mid-May, including halted freight transport and empty shelves. The National Retail Federation anticipates a substantial decline in US import cargo volumes, signaling a challenging economic period ahead.
Gold falls on easing trade war concerns; US data awaited
Gold prices experienced a decline on Tuesday as easing trade tensions between the U.S. and its trading partners diminished the metal's safe-haven appeal. Investors are closely monitoring upcoming U.S. economic data releases, including job openings, personal consumption expenditures, and non-farm payrolls, to assess the Federal Reserve's policy direction amidst global recession concerns.
Recession risk deepens, fear haunts economies and businesses as Trump's tariff damage spreads
A recent Reuters poll reveals economists are increasingly worried about a potential global recession this year, largely blaming U.S. tariffs for damaging business confidence. Overwhelmingly, economists view these tariffs negatively, leading to lowered global growth forecasts. Concerns extend to stagflation, with central banks struggling to meet inflation targets.
China says on 'right side of history' in trade standoff with US
A top Chinese economic official asserted that Beijing is on the "right side of history" amidst its trade war with the United States, condemning Washington's "unilateralism and bullying." China vowed to fight "to the end" while acknowledging the strain on its export-dependent economy due to US tariffs, impacting some workers' jobs.
BRICS set to meet over Trump trade policies
Senior diplomats from BRICS nations are convening in Brazil to strategize a unified response to escalating trade tensions fueled by US President Donald Trump's protectionist policies. The meeting occurs amidst concerns over the global economic impact of these tariffs, with the IMF recently downgrading growth forecasts.
Dollar sellers pause with eye on US jobs
The dollar began the week steadily as investors await key U.S. economic data, including jobs figures and GDP, to assess the impact of trade tensions. Despite a recent bounce, the dollar is on track for its largest monthly fall in years, fueled by concerns over U.S. trade policy.
Recession unlikely, but there will be a period that could resemble stagflation: Viktor Shvets, Macquarie Capital
Viktor Shvets of Macquarie Capital suggests the US faces a period resembling stagflation, not outright recession, due to Donald Trump's policies aimed at reshaping American society. He notes that India's economic growth, while strong, needs recalibration and structural reforms to achieve its potential.
Is recession all set to hit US economy? Here's what Americans think
Three in five respondents believe U.S. economic growth will stall and inflation will remain above the 2 per cent Federal Reserve target, with one-in-five respondents expecting inflation above 3.5 per cent.
China insists no trade talks with US, despite Trump claim
China refuted claims of trade discussions with the United States. This came after President Trump suggested a conversation with Xi Jinping. China's commerce ministry previously denied any economic negotiations. Beijing reiterated that no tariff consultations or agreements occurred. They accused the US of misleading statements about ongoing dialogue.
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