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#economy

248 posts149 participants16 posts today
Public
Kim Perales

The WTO warned on Wed that the outlook for global trade has deteriorated sharply due to a surge in #tariffs & trade policy uncertainty." Based on the tariffs -in place, +90-day suspension of “recip tariffs,” the volume of world merchandise trade is now expected to⬇️by 0.2% in 2025 -anticipated to be particularly steep in N America -exports: forecasted to⬇️by 12.6% this yr.

Rs continue to enable Trump's destructive agenda -affecting the global #economy.
#Trumpcession #USPol cnbc.com/2025/04/16/global-tra

Cargo ships and containers at Qingdao port in eastern China’s Shandong province:
Public
KUOW (bot)

The tariff landscape is constantly shifting, but one thing has remained consistent: the Trump administration's claim that tariffs will protect American industry and reshore manufacturing. So, tariffs should be good for our iconic Pacific Northwest industries, right?
kuow.org/stories/president-don
#KUOW #News #Government #Trade #Politics #Business #Economy #Business

www.kuow.org · There's no such thing as 'local' and these PNW industries prove itThe tariff landscape is constantly shifting, but one thing has remained consistent: the Trump administration's claim that tariffs will protect American industry and reshore manufacturing. So, tariffs should be good for our iconic Pacific Northwest industries, right?
Public
The Japan Times

Bank of Japan Gov. Kazuo Ueda said U.S. President Donald Trump’s tariff campaign has brought the economy to a "bad scenario" that could force the central bank to make a policy response, the Sankei newspaper has reported. japantimes.co.jp/business/2025 #business #economy #boj #kazuoueda #japaneseeconomy #us #tariffs

The Japan Times · Trump’s tariffs may spur policy response from BOJ, Sankei reportsBy Alastair Gale
Continued thread
Public
R. Scott Pert

5/5
#LVMH’s market value is still 3 times what it was a decade ago. Rich people rarely go out of style. And, indeed, founder and chief executive Bernard Arnault has been a buyer of his company’s stock recently, bringing his family’s stake to just under 50 per cent. It’s just that in financial terms, the industry’s next couple of seasons could land with a thud.

archive.is/2025.04.15-154705/h

#China#Luxury#stocks
Public
Voting is Your POWER

By Voting for Democrats We Make Our Lives Better!

North Carolina Attorney General, Jeff Jackson, has reached a settlement with the landlord company Cortland Management LLC.

“Today’s settlement means one less landlord is using RealPage’s unlawful AI software to charge North Carolinians unfair rents. We’re going to keep fighting this case to make sure all landlords and property managers play by the rules and people can afford rent.

There are still 5 companies he’s still suing, but this is a huge win for a future with fair rent. #housing #rent #economy #Justice #northcarolina #ncpol

ncdoj.gov/attorney-general-jef

Public
The One

#china #economy #trump

Thanks in part to the 🍊cancer ;

“ China posted economic growth of 5.4% in the first three months of 2025, official figures showed on Wednesday.

That was higher than the expectations of more than 50 economists surveyed by Reuters, who had predicted expansion of 5.1%.“

cnn.com/2025/04/15/business/ch

CNN · China posts unexpectedly strong economic growth before tariffs biteBy Juliana Liu
Public
beSpacific

Financial Times reported China can make American #consumers feel the pain of a #tradewar in variety of different ways heading into the summer months and holidays, noting that US #imports 80% of their #iPhones from #China with other key sectors of US consumer goods reflect a very high percentage of imports from China:
90% of #rareearthminerals in the US come from China
80% of air conditioners
80% of electric fans
75% of #toys
75% of #bicycles
50% antibiotics #pharma #medicine #healthcare #economy

Public *
Nonilex

Judge scraps US rule capping #CreditCard late fees at $8

U.S. District Judge Mark Pittman in Fort Worth, #Texas granted a joint request by #Trump’s #CFPB and a coalition of 6 business & banking groups [pretty much who the CFPB is supposed to be protecting #consumers from] including the US Chamber of #Commerce & American #Bankers Association to scrap the rule adopted during President Joe #Biden's administration.

#law #economy #PersonalFinance
reuters.com/business/finance/j

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