New tariff policies have increased uncertainty and dampened confidence. On Wednesday, the U.S. Bureau of Economic Analysis released a report showing that the U.S. gross domestic product (GDP) shrank at an annual rate of 0.3 percent in the first quarter of this year, amid new tariff policies that have increased uncertainty and dampened confidence. The […]

Businesses and households are feeling the pinch as prices rise and confidence falls. On Saturday, Apollo Global Management, one of the world’s largest investment firms, released a report showing that the United States is facing a self-inflicted economic downturn because of new import tariffs, especially for goods from China. RELATED: China Demands Respect and Equal […]

Stock markets across the Asia-Pacific traded sharply lower on Monday as financial turmoil sparked by the U.S. trade war. On Monday, the Kremlin spokesperson Dmitry Peskov criticized the United States for its sweeping tariff hikes, accusing it of undermining global economic stability. RELATED: European Stocks Slump as Turmoil Over U.S. Tariffs Continues “We are closely […]

President Trump acknowledged that there will be a ‘transition period’ before he can ‘bring wealth back to America.’ The term “Trumpcession” has of late emerged to describe a potential recession triggered by U.S. President Donald Trump’s unpredictable trade and economic policies. It has gained traction as key U.S. economic indicators show concerning trends, fueling growing […]