How to trash an economic superpower in 100 days
CNN
How to trash an economic superpower in 100 days
The president doesn’t control the economy, right? Every election year, that’s the reminder voters get from historians, politicos, journalists and academics of all stripes. It’s practically a cliché — voters make choices based on gas prices and grocery bills, even though those things are largely out of any one politician’s control. The political adage isn’t wrong, per se. It is, in fact, difficult for a single president to drastically improve the economy writ large. But President Donald Trump is proving that a politician can absolutely harm the economy when they lack any regard for the consequences, borne largely by the people who elected them. Tuesday marks the 100th day of Trump’s second term. In those 14 weeks, the president has unleashed an economic agenda so punishing that the only way to understand it in a historical context is not through a lens of policy but of plagues. If the Trump tariffs remain in place, the negative shocks could eclipse the the economic impact of the Covid-19 pandemic. While Trump campaigned on a pledge to “immediately bring down prices, starting on Day One,” the White House has made scant progress on that promise beyond a broad executive order demanding federal agencies “deliver emergency price relief.” Trump’s only major economic initiative, a sweeping tariff agenda, amounts to a massive tax increase on American consumers. And it has landed the US at the lonely center of a global trade war — the sole aggressor, lobbing tax bombs at friends and foes alike.
Peter Arnett, the Pulitzer Prize-winning reporter who spent decades dodging bullets and bombs to bring the world eyewitness accounts of war from the rice paddies of Vietnam to the deserts of Iraq, has died at 91.
It’s been a rough year for job seekers.
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The US government has collected $1 billion in de minimis tariff revenue since rolling back the exemption on low-value packages this spring, according to new data that Customs and Border Protection shared exclusively with CNN.
Federal prosecutors have charged top executives at the subprime auto lender Tricolor with conspiring to defraud lenders and investors of the now-bankrupt company.
Warner Bros. Discovery has officially rejected Paramount’s hostile takeover bid, advising its shareholders to do the same. But the battle is far from over. Let’s break down what just happened and what to expect next.
California is threatening to ban sales of Tesla cars in the state for 30 days after a regulator said the term “Autopilot” for its driver assist feature constitutes false advertising.
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President Donald Trump promised voters in 2024 that if they returned him to the White House, his policies would deliver a blue-collar jobs boom.
Up until this year, it was unheard of for a sitting American president to sue a news outlet. In just a few months, President Donald Trump has managed to make it seem normal.
Plans to ban the sale of new combustion engine cars in the European Union by 2035 have been thrown into turmoil after pressure from car manufacturers.