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Americans' anxiety about their financial situation has grown under President Donald Trump, according to a new poll. A 1,000-person survey conducted by Clever Real Estate published this week found that 26 percent of Americans feel better off than in September, with only a third (34 percent) expecting a better financial situation six months from now. Sixty-three percent of those surveyed, meanwhile, believe the government is not doing enough to address key economic issues, which they single out as rising insurance costs (95 percent), inflation (94 percent) and the general state of the economy (89 percent). The poll also revealed that...

President Donald Trump’s promised tariffs on softwood lumber risk disrupting the supply chain for something nobody wants to be caught without: toilet paper. The Trump administration plans to almost double duties on Canadian softwood lumber to 27%, with the possibility of additional levies pushing the rate to more than 50%. While Trump advocates for new tariffs partly to bolster U.S. manufacturing, they may also hit the availability of northern bleached softwood kraft pulp, or NBSK, a key component in making toilet paper and paper towels. NBSK constitutes about 30% of standard U.S. bathroom tissue and half of a typical paper...

The atomic sledgehammer that President Trump just delivered to the German auto industry simply cannot be overemphasized. A 25% tariff on imported cars and car parts completely negates hundreds of billions in pre-positioned investment dollars by German auto companies in Mexico. [Executive Order Here][Cliff Notes Here]To give scale to the impact on Germany, consider that German automakers currently have 330 automotive suppliers in Mexico according to information from VDA. Audi (a subsidiary of Volkswagen) has no U.S. production sites; every Audi sold in America will be subject to a 25% tariff. The Audi brand access to the U.S. market was/is...

On top of the tariffs on Mexico and Canada set to go into effect at the end of the month the Trump administration is also planning on invoking reciprocal tariffs on all countries. This is in an effort to level the playing field for the U.S. in global trade but what does it mean for agriculture? Dan Basse, president of Ag Resource Company, says these tariffs are different than those that were imposed during the first Trump administration or even recently with the 10% increase on China imports. He says trade officials will go through with each trading partner and...

Vietnam to cut tariffs on US products including cars and gas to avoid President Trump's reciprocal tariffs.https://x.com/watcherguru/status/1904985807426908288

American businesses are losing confidence in the US economy under Trump due to the tariff wars. CNBC’s CFO Council quarterly survey for Q1 2025 learned that America’s top CFOs are increasingly pessimistic about the economy due to these “disruptive” and “aggressive” tariff policies. Around 60% of respondents believe the US will fall into a recession by the second half of this year, with 15% believing the recession will come in 2026. When this survey was conducted last quarter, prior to the tariff wars and trade volatility, only 7% of CFOs believed the nation was heading into a recession. This figure...

India is open to cutting tariffs on more than half of U.S. imports worth $23 billion in the first phase of a trade deal the two nations are negotiating, two government sources said, the biggest cut in years, aimed at fending off reciprocal tariffs. The South Asian nation wants to mitigate the impact of U.S. President Donald Trump’s reciprocal worldwide tariffs set to take effect from April 2, a threat that has disrupted markets and sent policymakers scrambling, even among Western allies. In an internal analysis, New Delhi estimated such reciprocal tariffs would hit 87% of its total exports to...

Oil prices barely moved on Tuesday as investors weighed the impact of U.S. tariffs on countries buying oil and gas from Venezuela against the effect of tariffs on industries such as automobiles on the global economy and oil demand. Brent crude futures were up 1 cent at $73.01 a barrel by 0121 GMT. U.S. West Texas Intermediate crude rose 1 cent to $69.12. Both benchmarks gained more than 1 per cent on Monday after U.S. President Donald Trump announced a 25 per cent tariff on countries importing oil and gas from Venezuela. "Investors fear Trump's various tariffs could slow the...

Have you taken a look around today at what's going on? Things are going rather well, economically-speaking. Sure, the stock market didn't like the uncertainty of the impact of tariffs at all, tanking for the better part of a month. But if one just ganders at the economic development and investment committed to begin in the United States due to the threat of tariffs, it's staggering when you start looking at all the zeros after the crooked numbers. There are going to be trillions of dollars flowing into America...trillions that would have remained working against American workers and taxpayers had...

President Trump makes an announcement of secondary tariffs targeting Venezuela by triggering a 25% tariff against any nation who purchases Venezuelan oil or gas.China is the largest purchaser of Venezuelan oil, followed by the USA after Joe Biden changed the sanctions regime.The tariff timeline is set to trigger on April 2nd, the same date as the reciprocal tariffs against all nations.Truth Social – “President Donald J. Trump announced today that the United States of America will be putting what is known as a Secondary Tariff on the Country of Venezuela, for numerous reasons, including the fact that Venezuela has purposefully...

Hyundai plans to invest $20 billion to bring manufacturing operations to the U.S., a White House official confirmed to FOX Business. Part of the investment from the South Korean automaker will go toward building a next-generation steel plant. The materials will be used in two of its U.S. plants and will employ 1,500 people. The rest of the money will be earmarked to expand manufacturing in the U.S. The automaker is the latest among a growing number of companies announcing plans to increase investment in the U.S. under the Trump administration, which has been using tariffs to encourage companies to...

Bridgewater founder Ray Dalio on Wednesday warned that a significant supply-demand problem regarding U.S. debt could have a profoundly disruptive impact on the global economy. It is the latest in a series of stark warnings about America’s mounting debt from the U.S. hedge fund billionaire, with the country’s national debt currently standing at more than $36.2 trillion. “The first thing is the debt issue, we have a very severe supply-demand problem,” Dalio told CNBC’s Sara Eisen at CONVERGE LIVE in Singapore. ”[The U.S. has] to sell a quantity of debt that the world is not going to want to buy.”...

Nvidia, the world’s undisputed leader in chipmaking, says it will invest hundreds of billions of dollars over the next four years on its U.S.-based manufacturing operations — part of the manufacturing renaissance under President Donald J. Trump as he solidifies the U.S. as the global leader in artificial intelligence.“Having the support of an administration who cares about the success of this industry and not allowing energy to be an obstacle is a phenomenal result for AI in the U.S.,” said Nvidia CEO Jensen Huang.Here’s what they’re saying:Axios: “It’s another win for President Trump’s push to increase U.S. manufacturing, with a...

‘Negativity won’t win a trade war,’ Carney says in shot at Poilievre CBC News Special | Carney kicks off Liberal campaign, Canadians set to vote April 28 ..... The Latest Voters will go to the polls on April 28. Carney says he will cut taxes for middle-class Canadians. Speaking earlier in Quebec, Conservative Leader Pierre Poilievre said he will stand up to U.S. President Donald Trump and his threats of annexation. We’re expecting to hear from all the other major national party leaders today as well. Polling suggests a tight race between the Liberals and Tories as the campaign gets...

British engineering giant Rolls-Royce is reportedly preparing to increase manufacturing production in the United States to avoid tariffs imposed by President Donald Trump. London’s Daily Telegraph reported that Rolls-Royce is currently drafting contingency plans to avoid the impact of trade restrictions imposed by the Trump administration. The plans are said to include ramping up production in America and hiring more workers in the United States. According to the report, the aerospace and defence company is considering shifting production from countries impacted by the trade war, such as China, Canada, and Mexico, where it currently has around 6,000 workers.

German luxury auto manufacturer Audi said it is considering moving car production to the United States to avoid tariffs from the Trump administration. Volkswagen’s subsidiary Audi brand said this week that it is examining various long-term strategies, including potentially shifting production to America, to deal with President Donald Trump’s restrictions on foreign imports. Audi CEO Gernot Döllner said that the company is “currently assessing various scenarios for additional localization in North America – among other things, to be closer to the needs of local customers and to make ourselves more resilient to global economic uncertainties.”

President Donald Trump is urging the Fed to cut interest rates to offset the inflation that will be caused by tariffs. “The Fed would be MUCH better off CUTTING RATES as U.S.Tariffs start to transition (ease!) their way into the economy,” Trump wrote. “Do the right thing. April 2nd is Liberation Day in America!!!” Reducing interest rates will NOT offset inflation caused by tariffs because the two variables are not directly related. Tariffs increase costs due to supply, while interest rates influence demand. When tariffs are imposed, the cost of imported goods rise, increasing prices for consumers and businesses. This...

The Federal Reserve held interbank lending rates steady on Wednesday at a range of 4.25 to 4.5 percent despite some signs that the economy may be heading for a slowdown. The decision to keep rates where they are was in line with market expectations. The CME FedWatch prediction algorithm based on futures contract prices registered Wednesday a 99 percent probability that the Fed would hold rates steady. The Fed has paused rate cuts for the second straight meeting since January. The central bank cut rates three times during the end of 2024 in response to weakening employment data and easing...

LONDON (Reuters) - U.S. firms are buying cobalt metal produced in Indonesia by China's Lygend Resources that does not incur the tariffs placed by the Trump administration on imports direct from China, three sources with direct knowledge of the matter said. U.S. President Donald Trump has imposed extra import tariffs on Chinese goods since taking office in January, as well as placing levies on key trading partner Canada, another key source of cobalt, used in aerospace, for the U.S. Lygend's cobalt metal production in Indonesia pre-dates the latest tariffs, industry sources say, with cobalt produced by the group in the...

"One of the nastiest countries to deal with is Canada. Now, this was Trudeau — good old Justin. I call him 'Governor Trudeau.' His people were nasty and they weren't telling the truth," the Republican leader told Fox News host Laura Ingraham during an interview. When Ingraham suggested that Trump's policies could benefit the Carney-led Liberal Party's electoral prospects - Canada is to hold federal polls by October - the latter responded that it would be easier to work with the Liberals than the Conservatives, Canada's main opposition party which has consistently led opinion polls. "I don't care. I think...