Trump’s promised ‘golden age’ for the US economy is off to a chaotic start
Growth in the first three months was challenged by Trump’s overhaul plans, and execution of his tariffs created widespread confusion and uncertaintyDonald Trump promised to usher in a new “golden age” for the US economy – one with lower prices, more jobs and greater wealth. This week, his first quarter report card came in, and the new age is off to a chaotic start.Gross domestic product (GDP) shrank for the first time in three years during the first quarter, abruptly turning negative after a spell of robust growth as trade distortions and weaker consumer spending dampened activity. Continue reading...
Growth in the first three months was challenged by Trump’s overhaul plans, and execution of his tariffs created widespread confusion and uncertainty
Donald Trump promised to usher in a new “golden age” for the US economy – one with lower prices, more jobs and greater wealth. This week, his first quarter report card came in, and the new age is off to a chaotic start.
Gross domestic product (GDP) shrank for the first time in three years during the first quarter, abruptly turning negative after a spell of robust growth as trade distortions and weaker consumer spending dampened activity. Continue reading...
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