Economy News

Billionaire investor Bill Ackman is weighing the possibility that U.S. President Donald Trump might hold off on implementing his proposed tariffs, despite their scheduled start on April 7.

China has fired back at the U.S. with its own set of tariffs, marking another chapter in the escalating global trade conflict that began with President Donald Trump’s tariff announcement on April 2.

The recent tariff hikes under the Trump administration are stirring uncertainty across global markets, with cryptocurrencies feeling the ripple effects.

In a recent live address, U.S. President Donald Trump declared that a new base tariff of 10% would be applied universally to all countries.

Consumer spending in the U.S. showed weaker-than-expected growth in February, increasing only 0.1%, which was on the lower end of economists’ forecasts.

In February, the U.S. maintained its annual inflation rate at 2.5%, as reflected in the Personal Consumption Expenditures (PCE) Price Index, according to data released by the Bureau of Economic Analysis.

UBS has issued a stark warning to investors, flagging stagflation as a looming economic threat.