We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: Donald Trump will get poor marks on newest financial report card
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
Donald Trump will get poor marks on newest financial report card
The Tycoon Herald > Economy > Donald Trump will get poor marks on newest financial report card
Economy

Donald Trump will get poor marks on newest financial report card

Tycoon Herald
By Tycoon Herald 6 Min Read Published May 1, 2025
Share
SHARE

That is an on-site model of the White Home Watch e-newsletter. You possibly can learn the earlier version right here. Join free right here to get it on Tuesdays and Thursdays. E mail us at [email protected]

Good morning and welcome to White Home Watch! Right now let’s dig into:

The most recent financial report card on Donald Trump’s commerce battle is out, and it seems dour.

The US financial system contracted by an annualised 0.3 per cent within the first quarter of 2025, in response to knowledge revealed yesterday by the Bureau of Financial Evaluation. A surge in imports from corporations stockpiling merchandise earlier than Trump’s tariffs hit had weighed on the determine, whilst funding and client spending rose.

The contraction, the primary since 2022, was worse than economists’ most up-to-date forecasts, and got here because the US commerce deficit touched an all-time excessive, in response to figures revealed by the Census Bureau on Tuesday.

The president was characteristically fast to shake off any blame. In a publish on Reality Social, Trump insisted that the figures had “NOTHING TO DO WITH TARIFFS”. He pinned the contraction on Joe Biden and added: “When the boom begins, it will be like no other. BE PATIENT!!!”

Some content material couldn’t load. Test your web connection or browser settings.

Economists mentioned they anticipated a rebound within the second quarter as imports fall and stockpiles make their approach on to retailer cabinets. However additionally they warned that tariffs would start to hit home demand.

Eswar Prasad, a professor at Cornell College, mentioned that the robust client spending figures earlier this 12 months had been “a poignant reminder of what might have been a graceful soft landing until the sweeping tariffs threw the economy off course”.

Past GDP, Wall Avenue is raring for alerts that the administration is making progress on new commerce agreements within the 90-day window earlier than Trump’s so-called “reciprocal tariffs” take impact.

“The market is hyper-focused on those early trade deals,” Goldman Sachs president John Waldron mentioned in an interview with the Monetary Instances.

Former Treasury secretary Janet Yellen was extra blunt. She instructed the Monetary Instances that the tariffs would have a “tremendously adverse” impression on the world’s largest financial system.

I’m not but able to say that I’m forecasting a recession, however actually the percentages have gone approach up

The most recent headlines

What we’re listening to

Trump’s prime financial adviser Stephen Miran struggled to assuage main bond buyers with a pitch about tariffs that folks with direct information of the assembly mentioned was “incoherent”. [Free to read]

The chair of the Council of Financial Advisers met representatives from main buyers on the White Home’s Eisenhower Government Workplace Constructing final Friday. Attendees included representatives of hedge funds Balyasny, Tudor and Citadel, in addition to asset managers PGIM and BlackRock.

Folks aware of the assembly instructed the Monetary Instances that Miran did little to assuage their fears in regards to the latest tumult in monetary markets. US authorities bonds offered off sharply after the president’s so-called “liberation day” tariff announcement on April 2, and Wall Avenue shares have sunk about 7 per cent for the reason that starting of Trump 2.0.

Miran additionally caught agency to the administration’s line that tariffs would harm buying and selling companions greater than the US, in response to assembly attendees. One participant mentioned he appeared “out of his depth”.

“[Miran] got questions and that’s when it fell apart,” the particular person added. “When you’re with an audience that knows a lot, the talking points are taken apart pretty quickly.”

Miran wrote a extensively learn word in November outlining plans for aligning international markets round US pursuits, together with by weakening the greenback. Since becoming a member of the administration, nonetheless, he has more and more sought to distance himself from these concepts, mentioned an individual aware of the matter.

“Administration officials maintain regular contact with business leaders and industry groups about our trade and economic policies,” the White Home mentioned in response to questions in regards to the assembly. “The only interest guiding the administration and President Trump’s decision-making, however, is the best interest of the American people.”

Viewpoints

  • By failing to gather environmental knowledge, the US is on observe to turn out to be a “rogue state” for local weather science, writes science commentator Anjana Ahuja.

  • Jason Furman, former chair of the White Home Council of Financial Advisers, outlines his technique for understanding financial knowledge amid the “substantial turbulence” triggered by the administration’s new commerce levies.

  • Trump is overplaying his hand within the international commerce battle and dangers repeating the painful errors of Brexit, argues Chris Giles.

  • Katie Martin lays out the long-term prices going through the US if Trump’s insurance policies additional dent the greenback’s standing as a load-bearing pillar of worldwide finance.

Really helpful newsletters for you

FT Unique — Be the primary to see unique FT scoops, options, evaluation and investigations. Enroll right here

Breaking Information — Be alerted to the newest tales as quickly as they’re revealed. Enroll right here

You Might Also Like

US shale bosses decry ‘chaos’ in Trump administration’s power coverage

Conventional US commerce lobbies are being overlooked within the chilly

Aluminium costs pushed larger by world provide squeeze

A Lehman Brothers memorial PDF dump

FirstFT: Crypto teams hit out at UK stablecoin plan

TAGGED:CardDonaldeconomiclatestmarksPoorreportTrump
Share This Article
Facebook Twitter Email Copy Link Print
The endangered cactus behind Mexico’s candy secret
World

The endangered cactus behind Mexico’s candy secret

Endangered barrel cactuses often called biznaga are seen rising contained in the botanical gardens of the Nationwide Autonomous College of Mexico in Mexico Metropolis. Rebecca Blackwell/AP cover caption toggle caption…

By Tycoon Herald 8 Min Read
Ryder Cup 2025: Justin Rose to steer out Staff Europe in Sunday singles as Rory McIlroy faces Scottie Scheffler at Bethpage Black
September 28, 2025
Hilary Duff ‘Comes Clear’ With Birthday Sizzling Photographs!
September 28, 2025
Girls’s Rugby World Cup: How England’s Crimson Roses banished ultimate demons to beat Canada for glory
September 28, 2025
Giant Russian drone and missile assault on Kyiv kills 4 and wounds a minimum of 10
September 28, 2025

You Might Also Like

India’s push for EU commerce deal hit by basmati rice dispute
Economy

India’s push for EU commerce deal hit by basmati rice dispute

By Tycoon Herald 5 Min Read
How Emmanuel Macron’s France grew to become Europe’s fiscal drawback youngster
Economy

How Emmanuel Macron’s France grew to become Europe’s fiscal drawback youngster

By Tycoon Herald 10 Min Read
FirstFT: Trump ally Charlie Kirk shot lifeless in Utah
Economy

FirstFT: Trump ally Charlie Kirk shot lifeless in Utah

By Tycoon Herald 8 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
Politics

Unlawful Aliens Much less Prone to Commit Crime? Guess Once more

Credit score: Kat Wilcox through Wikimedia In June, Victor Martinez-Hernandez was charged with the homicide of…

By Tycoon Herald
Entertainment

J.D. Vance Has Awkward Dialog With Donut Retailer Worker

Play video content material C-SPAN J.D. Vance's look at a Georgia donut store wasn't as candy…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?