PWC News
Thursday, July 10, 2025
No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
No Result
View All Result
PWC News
No Result
View All Result

Trump’s trade war imperiling ‘global economy’ — and igniting fears of ‘stagflation’

Home Economy
Share on FacebookShare on Twitter



President Donald Trump’s aggressive new tariffs are igniting commerce wars not solely with Canada, Mexico and Mainland China, but additionally, with longtime allies within the European Union (EU). And the tariffs are setting off instability within the inventory market, with the Dow Jones Industrial Common taking some main plunges in mid-March.

Washington Put up columnist Catherine Rampell examined the state of the U.S. financial system throughout a Monday morning, March 17 look on MSNBC — and famous fears of potential “stagflation.”

Rampell, now a weekend host on MSNBC, outlined the issues expressed by the Group for Financial Co-operation and Growth (OECD) in a latest forecast.

READ MORE:‘Appears like Putin’: Trump blasted for declaring prime information organizations ‘unlawful’

Rampell informed fellow MSNBC host Ana Cabrera, “Relative to only three months in the past, they’ve ratcheted down their forecasts for financial development and ratcheted up their forecasts for inflation, each within the U.S. and world wide. And so mainly, they blame that totally on rising uncertainty and Trump’s commerce wars.”

When Cabrera requested Rampell, “How unhealthy may it get?,” the Put up columnist responded, “Effectively, the numbers to date do not point out, as an instance, a recession. However they do warn that if issues escalate — if these commerce wars escalate — we are going to see a…. big affect on development and on client costs. So, simply for example: a number of months in the past, proper earlier than Trump took workplace, the OECD was predicting that inflation would fall this yr in the USA relative to final yr. They’re now not predicting that; they’re predicting that inflation will pace up this yr in the USA relative to final yr.”

Rampell added, “A lot of the remainder of the world, they’re additionally seeing, you recognize, some improve in client costs, however not like what we’re anticipated to see right here.”

The “basic affect” of Trump’s commerce battle, Rampell informed Cabrera, “is sort of unhealthy” for “the U.S. financial system and the worldwide financial system.”

READ MORE: Revealed: Trump halted a clean-up that places tons of of hundreds in danger for poisoning

Rampell famous, “I believe that is the primary proof we now have — the primary official forecast, anyway, that we now have — that Trump’s commerce wars are already dragging on the worldwide financial system…. On the one hand, the tariff hikes are prone to elevate costs. However, they’re prone to sluggish development. And a type of outcomes would nudge the Fed to lift charges, and one in every of them would nudge the Fed to chop charges. And so, they’re form of caught on this tough place of potential stagflation. Individuals who keep in mind the ’70s keep in mind that potential consequence. “

Economists used the time period “stagflation” to explain a painful mixture of excessive inflation, stagnant financial development, and rising unemployment. Stagflation was a significant drawback in the USA within the late Nineteen Seventies and early Nineteen Eighties and was a think about Ronald Reagan’s landslide victory over President Jimmy Carter within the 1980 election.

Nonetheless, Reagan, throughout his first time period, was dogged by financial woes as properly, which led to Democrats’ blue wave within the 1982 midterms.

READ MORE: The one methods to battle the Trump regime’s use of worry and intimidation

Watch the total video under or at this hyperlink.

– YouTubewww.youtube.com



Source link

Tags: economyfearsGlobalignitingimperilingstagflationtradeTrumpsWar
Previous Post

Rio AI and One.Five Partners Announce Strategic Partnership to Drive Sustainability Innovation Across Africa

Next Post

Will Nvidia’s CEO Eat His Words?

Related Posts

That  dress from China now costs  — thanks to Donald Trump
Economy

That $20 dress from China now costs $30 — thanks to Donald Trump

July 10, 2025
Trump sets 50% tariff rate for Brazil, blasting treatment of former far-right president
Economy

Trump sets 50% tariff rate for Brazil, blasting treatment of former far-right president

July 10, 2025
Sri Lanka gets 30-pct Trump tariff letter | EconomyNext
Economy

Sri Lanka gets 30-pct Trump tariff letter | EconomyNext

July 10, 2025
US measles cases surge to highest level since 1992
Economy

US measles cases surge to highest level since 1992

July 9, 2025
Christian Horner’s Red Bull F1 empire: The Spice Girl, the CEO and the scandal that broke it
Economy

Christian Horner’s Red Bull F1 empire: The Spice Girl, the CEO and the scandal that broke it

July 9, 2025
Labour’s Mansion House will be lift-off or letdown for banks
Economy

Labour’s Mansion House will be lift-off or letdown for banks

July 9, 2025
Next Post
Will Nvidia’s CEO Eat His Words?

Will Nvidia’s CEO Eat His Words?

Neste Issues €700 Million Green Bond to Scale Renewable Fuels Production – ESG Today

Neste Issues €700 Million Green Bond to Scale Renewable Fuels Production - ESG Today

Is It Finally Time to Dump UiPath Stock?

Is It Finally Time to Dump UiPath Stock?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

NFT Sales Hit +8M This Week, As NFT Buyers Increase +50%
Cryptocurrency

NFT Sales Hit +$128M This Week, As NFT Buyers Increase +50%

by PWC
July 6, 2025
0

The non-fungible token market has recorded constructive development once more this week, marked by a surge in buying and selling...

Bank Of Baroda Joins Public Sector Peers In Dropping Minimum Balance Charges

Bank Of Baroda Joins Public Sector Peers In Dropping Minimum Balance Charges

July 7, 2025
How Yves Rocher Integrates Sustainability In Its Business

How Yves Rocher Integrates Sustainability In Its Business

July 4, 2025
Despite current expensive valuations, Indian market still holds significant upside in the longer term: Meeta Shetty

Despite current expensive valuations, Indian market still holds significant upside in the longer term: Meeta Shetty

July 8, 2025
US Secret Service Trains 60+ Nations to Track Crypto Scams With Blockchain Tools – Featured Bitcoin News

US Secret Service Trains 60+ Nations to Track Crypto Scams With Blockchain Tools – Featured Bitcoin News

July 7, 2025
CapitaLand Launches New Framework to Quantify the Financial Return of Sustainability Investments – ESG Today

CapitaLand Launches New Framework to Quantify the Financial Return of Sustainability Investments – ESG Today

July 9, 2025
PWC News

Copyright © 2024 PWC.

Your Trusted Source for ESG, Corporate, and Financial Insights

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis

Copyright © 2024 PWC.