The Fed Governor explained that small businesses, being less diversified and having limited access to credit, are likely to bear the brunt of the tariff policies.
In a post on his social media platform Truth Social, President Trump said the U.S.-U.K. trade deal had been struck, and several others are under serious negotiations.
The company said that while the global economy entered 2025 on a ‘solid footing’, the trade war and political uncertainty in the U.S. have clouded the horizon.
He called inflation the "primary scorecard" U.S. voters will consider ahead of the 2026 midterm election and suggested that Trump focus on that issue "front and center."
Perdue, confirmed by the Senate with a 67-29 vote, takes office as the U.S.-China trade war continues, with tariffs on some products reaching up to 145%.
The U.S. Treasury Secretary dubbed the upcoming talks between China and the U.S. in Geneva as ‘negotiations’ during a House Financial Services Committee.
Investors eyed upcoming economic data and corporate earnings reports, while uncertainty around the Federal Reserve's next move continued to influence market sentiment.
The Blackstone President believes the economy is more resilient and that a faster resolution to the ongoing trade tensions can make the slowdown shallower.
Rogoff wrote in The Economist that President Donald Trump’s trade policies may ultimately erode America’s global standing, and recommended beginning a course correction by removing trade adviser Peter Navarro.
The visit marks Canadian Prime Minister Mark Carney’s first in-person meeting with U.S. President Donald Trump since winning the April 28 federal election.
