U.S. Economy
Businesses face a sobering reality: Under Trump’s tariff plan, reducing reliance on China won’t be easy
Aerial view of a container cargo ship at a port terminal in Thailand Mr.cole_photographer | Moment | Getty Images Many companies had been steadily reducing their reliance on China as a manufacturing hub since President Donald Trump’s first term, hoping to blunt the impact of punitive levies from the United States. Then his latest “reciprocal” […]
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Cambodia hit with highest Trump tariff, but manufacturing ‘absolutely not’ coming back to U.S., trade group says
A garment factory in Phnom Penh, Cambodia. Bloomberg | Bloomberg | Getty Images Among the top goals for President Donald Trump and his administration in hitting trading partners with steep tariffs is bringing manufacturing capacity back to the U.S., even if it comes at the price of short-term market and economic duress. But in Cambodia, […]
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Trump tariffs push major U.S. trade partners closer to China: Live updates
Citadel’s Ken Griffin: Trump tariffs are a ‘huge policy mistake’ Ken Griffin, Founder and CEO, Citadel speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | Reuters Founder and CEO of Citadel Ken Griffin is taking aim at Trump’s tariffs, calling […]
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CEOs think the U.S. is ‘probably in a recession right now,’ says BlackRock’s Larry Fink
BlackRock CEO Larry Fink speaks at the Economic Club of New York on April 07, 2025, in New York City. Spencer Platt | Getty Images BlackRock CEO Larry Fink said Monday that many business leaders believe the United States economy is already in a significant downturn. “Most CEOs I talk to would say we are […]
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Trump’s tariff chaos puts White House on defense as global markets tumble: Live updates
Trump touts drop in oil prices, driven by recession fears, as a victory Trump is touting the steep drop in oil prices — driven by fears of reduced demand in the increasingly likely event of a recession — as a policy win. “Oil prices are down, interest rates are down (the slow moving Fed should […]
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Trump is losing the confidence of business leaders, billionaire investor Bill Ackman says
Bill Ackman, CEO of Pershing Square Capital Management, speaks during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations,” in New York on Nov. 28, 2023. Jeenah Moon | Bloomberg | Getty Images Billionaire investor Bill Ackman said that America was heading toward a self-inflicted “economic nuclear winter” as a result of […]
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Japanese yen and Swiss franc top hedges against Trump tariffs, according to analysts
“The Japanese yen will be a good — and probably the best — candidate to hide from trade tensions and a U.S. recession, for a whole host of familiar reasons,” said Ebrahim Rahbari, head of rates strategy at Absolute Strategy Research. Zhang Xiaoyu | Xinhua News Agency | Getty Images Investors are flocking to safe […]
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Commerce Secretary Lutnick doesn’t back down in face of market sell-off: ‘The tariffs are coming’
President Donald Trump holds an executive order about tariffs increase, flanked by U.S. Commerce Secretary Howard Lutnick, in the Oval Office of the White House in Washington, D.C., U.S., February 13, 2025. Kevin Lamarque | Reuters The Trump administration will remain steadfast in its reciprocal tariffs on major U.S. trading partners even in the face […]
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Billionaire investor Stanley Druckenmiller: ‘I do not support tariffs exceeding 10%’
Stanley Druckenmiller at CNBC’s Delivering Alpha on Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Stanley Druckenmiller made a rare post on the social media platform X on Sunday, reiterating his opposition to tariffs exceeding 10%. The founder of Duquesne Family Office has been consistent in opposition to the U.S. imposing tariffs above 10% […]
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Market crash not part of Trump’s strategy, says top White House economic advisor
White House economic adviser Kevin Hassett stands next to U.S. President Donald Trump in the Oval Office of the White House in Washington, D.C., U.S., March 7, 2025. Leah Millis | Reuters A crashing stock market is not part of an intentional strategy by President Donald Trump, White House National Economic Council director Kevin Hassett […]
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