Trump, Goldman Sachs and Recession
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UPI |
The firm estimated the collective impact of Trump's immigration, fiscal and tariff policies will subtract about 1.2% from gross domestic product growth over the next year.
U.S. News & World Report |
White House aides have drafted a proposal to impose tariffs of around 20% on most imports to the United States, the Washington Post reported on Tuesday.
CNN |
One of the highest tariff rates of 49% will be levied on all Cambodian imports, according to a poster Trump displayed at a Rose Garden event Wednesday.
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President Trump unveiled a universal import duty of 10% on all products, as well as reciprocal tariffs on imports from 60 nations.
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Daily Voice on MSNRecession Odds Sharply Rise Before Trump's 'Liberation Day' Tariff Rollout: Goldman SachsGoldman Sachs has nearly doubled the odds of a US recession, warning that President Donald Trump's sweeping new tariffs could drive up prices, slow growth, and force the Federal Reserve to cut interest rates because of higher unemployment.
Ahead of the Liberation Day announcement, The Washington Post reports that the White House is considering a plan to impose a 20% tariff on most imports.
Goldman Sachs economists forecast more interest rate cuts this year on fears tied to Trump’s tariffs
Goldman Sachs economists raised their forecast ... and that his new 25% auto tariffs will be permanent — countering White House officials who last week claimed Trump would take a more selective ...
White House aides have drafted a proposal to impose tariffs of around 20 percent on most imports to the United States, people familiar with the matter said.
Stagflation fears are mounting, warns Deutsche Bank, as Donald Trump's latest tariff announcements tick closer.
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New York Magazine on MSNWhat Economic Experts Are Predicting About Trump’s TariffsTrump says his new tariffs will be “Liberation Day” for America. Economists’ and market analysts’ views are far more ominous.
Goldman believes the tax-like impact on real disposable income and consumer spending from Trump's tariff policies will hurt U.S. growth prospects.