Deterioration in sentiment and inflation expectations are based on US President Trump’s escalation of trade tensions.
BoC also said it would ‘proceed carefully with any further changes’ to rates given inflationary pressures from tariffs.
Medicaid cuts cause clashes. Democrats warn of consequences while Republicans deny Medicaid is in their proposal.
![House Minority Leader Hakeem Jeffries speaks out against the Republican budget plan, on the House steps at the Capitol in Washington, February 25, 2025. [Scott Applewhite/AP]](/wp-content/uploads/2025/03/AP25056687382351-1741283048.jpg?resize=570%2C380&quality=80)
An upcoming trade war and more DOGE job cuts will hammer the US economy, economists warn.
The one month exemption is for cars and trucks that comply with USMCA’s content rules.
Even if blanket tariffs are revoked, more tailored levies are likely to persist, stoking inflation, analysts say.
Trump said drugs, especially fentanyl, continued to pour into the US at ‘very high’ levels, justifying the tariffs.
The new plants will be built in the US over the next five years and create 3,000 jobs for skilled workers.
Tariffs on imports, mass firings of federal workers are some of the issues taking a toll on consumer psyche.
German citizens will take to the polls on February 23 for a snap general election.
India, one of the fastest growing economies in the world, is facing a slowdown in a sign of deeper problems.
The Trump administration is trying to rewrite numerous trade rules to extract concessions from allies and adversaries.
US President Donald Trump and Elon Musk allege federal fraud in projects relating to diversity and climate change.
Mexico, Canada and China account for more than 40 percent of total goods traded with the United States.
