Rick Newman
Senior Columnist at Yahoo Finance
Senior Columnist, Yahoo Finance. Columns: https://t.co/C9p8ItGwJM Books: https://t.co/jHfGpEqZ7N. Bluesky: @rickjnewman
Articles
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1 week ago |
sg.finance.yahoo.com | Rick Newman
Read more: What Trump's tariffs mean for the economy and your wallet Trump is raising taxes on virtually all imports, as if trying to return every kind of manufacturing to the United States is a worthwhile goal. It isn’t. One way economists differentiate industries is by “value added,” or the enhancements that make something worth more than the raw materials that go into it.
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2 weeks ago |
ca.finance.yahoo.com | Rick Newman
First, tariffs. Then, bailouts. We’ve seen this show before and a rerun is now airing. As everybody knows by now, President Trump is rolling out protectionist tariffs much more aggressively than during his first term. Trump has so far imposed new tariffs on imported steel, aluminum, automobiles, and many other goods. A slew of additional tariffs is coming this month.
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2 weeks ago |
ca.finance.yahoo.com | Rick Newman
President Trump says he’s leading America into a new golden age. But a gusher of red ink is blocking the way. The ratings agency Moody’s joined many other debt watchdogs recently in expressing alarm at the rapidly deteriorating fiscal situation of the US government. Moody’s still rates US debt as AAA, the highest level, but in 2023 it lowered its outlook from stable to negative. Two other rating agencies, Standard & Poor’s (S&P) and Fitch, have already cut the US rating one notch, from AAA to AA+.
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2 weeks ago |
ca.finance.yahoo.com | Rick Newman
Many experts also think a strong dollar is better for the United States than a weak dollar. "A Mar-a-Lago Accord would be pointless, ineffectual, destabilizing, and only lead to the erosion of the dollar’s pre-eminent role in the global financial system," economists Steven Kamin and Mark Sobel of the American Enterprise Institute wrote recently . The US economy is powered by consumption, and more imported products at lower prices boost the buying power of Americans.
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3 weeks ago |
ca.finance.yahoo.com | Rick Newman
The new tariffs on imported autos President Trump announced on March 26 will have profound effects on automakers and car buyers. One of them could be the "Cubanization" of the US auto fleet: As car prices rise, buyers hold on to old cars longer, and the average age of the US fleet rises. Cuba is famous, or maybe notorious, for the antique cars from the 1940s and 1950s that still ply the roads as taxicabs and personal vehicles. That's not a national sense of nostalgia.
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What a delight the Musk-Navarro spat is One of these guys is a damp 🧦 puppet @MichaelBKelley https://t.co/GKKFHau9Ba
The 2025 Trump stock market crash is comparable in severity to: October 1987 (Black Friday) November 2008 (Financial crash) March 2020 (Covid) Except those were external crises. There was no 2025 crisis until Trump created one. Chart from @fundstrat https://t.co/hGHsvaGzcT
Well said @SamRo https://t.co/OqtSggFrHO