U.S. Economy
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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Economists take issue with Trump’s tariff formula, arguing rate is inflated
The formula at the core of President Donald Trump’s tariff announcement that continues to rattle markets is bewildering economists, who say it is based on flawed assumptions. Economists argue that Trump’s formula relies on a flawed, underestimation of a key metric, resulting in inflated tariff rates for countries. According to the Office of the United […]
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China says ‘market has spoken’ after Trump tariffs spark global stocks rout
A man checks his phone next to an electronic board showing stocks on the Heng Seng Index in Hong Kong on April 3, 2025. Peter Parks | Afp | Getty Images China’s Foreign Ministry on Saturday said “the market has spoken” following the U.S. imposition of sweeping new tariffs and called for the White House […]
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El-Erian says U.S. recession risks are now ‘uncomfortably high’
Mohamed Aly El-Erian, chief economic advisor for Allianz SE. Bloomberg | Getty Images President Donald Trump’s extensive raft of import tariffs are putting the U.S. economy at risk of recession, Allianz’s Chief Economic Advisor Mohamed El-Erian warned on Friday. He added that Trump’s swathe of so-called reciprocal tariffs could have a significant effect on the […]
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AI could affect 40% of jobs and widen inequality between nations, UN warns
Artificial intelligence robot looking at futuristic digital data display. Yuichiro Chino | Moment | Getty Images Artificial intelligence is projected to reach $4.8 trillion in market value by 2033, but the technology’s benefits remain highly concentrated, according to the U.N. Trade and Development agency. In a report released on Thursday, UNCTAD said the AI market […]
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How did the U.S. arrive at its tariff figures?
U.S. President Donald Trump speaks during an event announcing new tariffs in the Rose Garden at the White House in Washington, April 2, 2025. Chip Somodevilla | Getty Images Markets have turned their sights on how President Donald Trump’s administration arrived at the figures behind the sweeping tariffs on U.S. imports declared Wednesday, which sent […]
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The biggest winners and losers in Europe as Trump announces sweeping tariffs
U.S. President Donald Trump stands, after delivering remarks on tariffs, in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025. Leah Millis | Reuters Global markets, businesses and long-standing geopolitical relationships were thrown into disarray on Thursday, the day after U.S. President Donald Trump’s tariff policy — and Europe was not […]
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EU preparing further countermeasures against U.S. tariffs if negotiations fail, EC President von der Leyen says
European Commission President Ursula von der Leyen holds a joint press conference with Antonio Costa at the end of the European Council Summit in Brussels, Belgium, on March 20, 2025. Nurphoto | Nurphoto | Getty Images The European Union is preparing further countermeasures against U.S. tariffs if negotiations fail, according to European Commission president Ursula […]
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‘Peak’ uncertainty: Evercore ISI predicts market turning point around Trump tariffs
Fast Money ‘Peak’ uncertainty: Evercore ISI predicts market turning point around Trump tariffs Published Mon, Mar 31 20256:54 PM EDT Stephanie Landsman@stephlandsman WATCH LIVE Source
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