US EditionMarkets drop as Powell warns of stagflation
- The U.S. Economy showed signs of slowing in early 2025 amid rising tariffs and a worsening trade deficit under President Trump’s administration.
- This slowdown followed multiple tariff increases on imports, including a 145% duty on Chinese goods and 25% tariffs on steel, aluminum, cars, and others, intended to reduce the trade deficit.
- Trade deficit data revealed a record $130.6 billion gap in January that fell slightly in February, while spending and business investment showed mixed signals with some softness amid tariff uncertainty.
- Economists projected that first-quarter GDP grew by 0.8%, marking the slowest pace since mid-2022, while Atlanta’s Federal Reserve branch predicted a steep 2.5% decline, which would be the worst quarterly performance since 2020.
- These developments suggest that tariff policies and trade tensions have weighed on U.S. Economic activity, dampening consumer and business confidence and posing risks to sustained growth.
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The US economy likely just had its worst quarter since Covid
President Donald Trump’s major, abrupt policy shifts likely slowed the US economy sharply in the beginning of the year — for the worst quarter perhaps since the Covid-19 pandemic — as consumers and businesses fretted about massive new tariffs.
·Atlanta, United States
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Total News Sources50
Leaning Left7Leaning Right7Center16Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 23%
C 53%
R 23%
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