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Trump has compromised again! The American Autos Industry welcomes the "tariff downgrade"…
① The President of the USA, Trump, signed an executive order on April 30 to "ease" some Autos tariffs; ② It is reported that imported Autos will be exempt from any further separate tariffs similar to those on Steel and Aluminum, to avoid the cumulative effects of overlapping tariffs.
Under the threat of tariffs, the USA's commodity trade deficit hits a historical record! The first quarter GDP is likely to face a severe setback.
Due to companies importing Commodities in large quantities to avoid tariff costs, the USA's trade deficit in Commodities expanded to a record 162 billion dollars in March.
Trump has criticized Powell again, this time without naming him.
A week after claiming he had no intention of firing Powell, Trump again publicly criticized the Federal Reserve, stating, "We have a Federal Reserve that is not performing well," and believes he understands interest rates "better than he does."
Trump Trade Wars Could Turn GDP Negative in the First Quarter. Here's Why.
As Investors Await Trade Deals, Trump Says He'll 'Be Nice' - but Not 'If It Takes Too Long'
Express News | In overnight trading, Nvidia drops 2%, SMCI, Starbucks, Snap, and First Solar shares fall after their financial results
