As Trump’s Tariffs Reshape Trade, Businesses Struggle With Economic Uncertainty
Policymakers and business owners are navigating a highly uncertain moment for the economy, wary of overreacting but watchful of a meaningful downturn.
Policymakers and business owners are navigating a highly uncertain moment for the economy, wary of overreacting but watchful of a meaningful downturn.
Many AmeriCorps crews, like this one seen at work in Maine in 2011, restore and renovate public parks. John Patriquin/Portland Press Herald via Getty ImagesHundreds of thousands of U.S. nonprofits provide vital services, such as running food banks and youth programs, supporting public health initiatives and helping unemployed people find new jobs.
The drastic, sudden pullback in federal dollars is collapsing opportunities for many who’ve spent years in public service.
Americans bought fewer foreign pharmaceuticals, cellphones and cars, and cut purchases of machinery and other supplies.
1000 Words/ShutterstockThe UK government has outlined plans to reduce low-skilled migration to the country. A central aspect is linking skills and training to the immigration system. This, so the thinking goes, will mean that no industry is able to rely on immigration to fill skills gaps.
In the run-up to Eid al-Adha – a major Muslim festival that celebrates the prophet Ibrahim’s devotion and coincides with the end of the annual Hajj pilgrimage to Mecca – UK retailers are joining the celebrations.
Donald Trump’s controversial announcement of a travel ban on people from 12 countries visiting the US, immediately sparked questions about the implications for the upcoming Fifa Club World Cup and next year’s men’s football World Cup, both hosted in the US, as well as the 2028 Olympics in Los Angeles.
For decades, multinational corporations have used sophisticated strategies to shift profits away from where they do business. As a result, countries around the world lose an estimated US$500 billion annually in unpaid taxes, with developing nations hit particularly hard.
Home builders, car manufacturers and can makers are among those that will see higher prices for materials. Those companies could charge customers more.
President Trump has doubled the rate on foreign metals to 50%, saying the levies weren’t high enough to help the U.S. industry.