Page 5 - Us Economy

How Donald Trump's tariffs were honed in the final hours before rollout

For a policy Trump championed for months on the campaign trail and vowed to implement quickly as the centerpiece of his economic agenda, the messiness of the rollout was inescapable

White House weighs executive order to fast-track deep-sea mining: Report

If signed, the order would mark US President Donald Trump's latest attempt to tap international deposits of nickel, copper and other critical minerals used widely across the economy

Liberation day: How should Indian firms and policymakers respond?

Firms in India tend to be highly connected into the US economy through elite human networks

US economy expands 2.4% in Q4 after upgrade; full year growth at 2.8%

The US economy expanded at a healthy annual 2.4 per cent pace the last three months of 2024, supported by a year-end surge in consumer spending, the government said Thursday in a slight upgrade of its previous estimate of fourth-quarter growth. But it's unclear whether the United States can sustain solid growth as President Donald Trump wages trade wars, purges the federal workforce and promises mass deportations of immigrants working in the country illegally. The Commerce Department said that growth in gross domestic product the nation's output of goods and services decelerated from a 3.1 per cent pace in July-September 2024. For all of 2024, the economy the world's biggest grew 2.8 per cent.

US core capital goods orders drop in Feb amid uncertainty over tariffs

Non-defence capital goods orders excluding aircraft, a closely watched proxy for business spending plans, dropped 0.3 per cent last month after an upwardly revised 0.9 per cent surge in January

US manufacturing output accelerates in Feb on surge in motor vehicle output

Manufacturing, which accounts for 10.3 per cent of the economy, has been recovering as the US central bank started cutting interest rates in September

US Fed expected to cut rates twice this year, starting in September

Fed officials have signaled they may be on hold for some time amid uncertainty around President Donald Trump's economic policies, particularly on trade

Donald Trump defends tariffs before corporate America as stocks sell off

US stocks on Tuesday extended a selloff that has dragged the benchmark S&P 500 down 5.3 per cent so far in 2025, with investors rattled over increased tariffs on imports

Trump downplays business concerns over tariff uncertainty and price hikes

President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices, and isn't ruling out the possibility of a recession this year. After imposing and then quickly pausing 25% tariffs on imports from Mexico and Canada that sent markets tumbling over concerns of a trade war, Trump said his plans for broader reciprocal tariffs will go into effect April 2, raising them to match what other countries assess. April 2nd, it becomes all reciprocal, he said in a taped interview with Fox News Channel's Sunday Morning Futures. What they charge us, we charge them. Asked about the Atlanta Fed's warning of an economic contraction in the first quarter of the year, Trump seemingly acknowledged that his plans could affect U.S. growth. Still, he claimed, it would ultimately be "great for us. When questioned whether he was expecting a recession in 2025, Trump responded: I hate to predict ..

US economic worries mount as Trump implements tariffs, cuts workforce

With his flurry of tariffs, government layoffs and spending freezes, there are growing worries President Donald Trump may be doing more to harm the US economy than to fix it. The labour market remains healthy with a 4.1 per cent unemployment rate and 151,000 jobs added in February, and Trump likes to point to investment commitments by Apple and Taiwan Semiconductor Manufacturing Company to show that he's delivering results. But Friday's employment report also found that the number of people stuck working part-time because of economic circumstances jumped by 460,000 last month. In the leisure and hospitality sectors that reflect consumers having extra money to spend, 16,000 jobs were lost. And the federal government reduced its payrolls by 10,000 in a potential harbinger of the alarm being sounded by the stock market, consumer confidence and other measures of where the economy is headed. Since January, the economic policy uncertainty index has spiked 41 per cent to a level, 334.5, t

US economy generated 160K jobs in Feb, but Trump's trade wars cloud outlook

The US labour market likely kept on churning out jobs last month, economists say, but the outlook is cloudy and getting cloudier as the Trump administration wages trade wars, purges federal employees and seeks to deport millions of immigrants. When the Labour Department releases February jobs numbers Friday, they're expected to show that employers added 160,000 jobs. That's far from spectacular but it's solid, and it's up from 143,000 in January. The unemployment rate is forecast to stay at a low 4%, according to economists surveyed by the data firm FactSet. Despite rising concerns about the health of the economy, momentum remains positive,' Lydia Boussour, senior economist at the tax and consulting firm EY, wrote in a commentary. Billionaire Elon Musk's purge of federal workers is not expected to have much impact on the February jobs numbers. The Labour Department conducted its survey of employers too early in the month for the Department of Government Efficiency layoffs to show ..

Donald Trump's latest trade-war salvo to likely put the brakes on US growth

There's also Elon Musk's cuts to the federal workforce, the clampdown on immigration, and a potential drag on business investment amid so much policy uncertainty

Americans want Trump to do more for economy, inflation, say polls

While about 80 per cent of adults surveyed said Trump should home in on the economy and inflation, they said they believed his top priorities were the US-Mexico border

US economy expanded at 2.3% from Oct to Dec on robust consumer spending

The American economy grew at a solid 2.3 per cent annual rate the last three months of 2024, supported by a burst of year-end consumer spending, the government said, leaving unchanged its initial estimate of fourth-quarter growth. The outlook for 2025 is cloudier as President Donald Trump pursues trade wars, cutbacks in the federal workforce and mass deportations. The Commerce Department reported Thursday that growth in gross domestic product the nation's output of goods and services decelerated from a 3.1 per cent pace in July-September 2024. For all of last year, the economy grew 2.8 per cent, compared with 2.9 per cent in 2023. Consumer spending advanced at a 4.2 per cent pace from October through December. The report shows that Trump inherited a healthy economy when he took office last month. Growth has now topped a decent 2 per cent for nine of the last 10 quarters. Unemployment is low at 4 per cent, and inflation has come down from the highs it hit in mid-2022. After lowe

Trump's approval rating tops Biden; support for immigration policy grows

The poll also revealed that 38% of those surveyed held a favourable opinion of tech billionaire Elon Musk, who has been actively involved in Donald Trump's government restructuring efforts

Regulator has been urging caution on NBFC pricing: Aadhar HF MD & CEO

The adjustments in the US economy suggest we may see stability over time, says Rishi Anand

US producer inflation trends higher; labour market remains stable

December rise in the PPI revised up to 0.5% from 0.2%

US consumer prices index jumps 0.5% in Jan after 0.4% gain in Dec

The consumer price index jumped 0.5 per cent last month after gaining 0.4 per cent in December

Tackling debt: Trump 2.0 actions, inactions to revive the US economy

Trump told reporters that the effort to slash spending could cut $1 trillion from the federal budget, which totaled $6.75 trillion in the most recent fiscal year

USDA freezes farmer funding for some programmes, conservation contracts

The impact has been immediate and wide-ranging, from cash assistance for ranchers to fix cattle watering systems to help for corn growers wanting to plant cover crops that curb wind erosion