Sudeep Reddy

2 weeks ago | politico.com | Sudeep Reddy

A truck driver sits in line as he waits to enter a shipping berth at the Port of Oakland on April 18, 2025 in Oakland, California. | Justin Sullivan/Getty Images DEFLECTION TIME — Save the recession headlines. The first-quarter downturn wasn’t what matters. In the coming weeks, fewer ships from Asia will enter West Coast ports — many with lighter loads than before. Truckers who transport imported goods to retailers across the country will suddenly find less work.

1 month ago | politico.com | Sudeep Reddy

At the start of this month, President Donald Trump announced enormous tariffs on nations across the globe. Just as the tariffs took effect Wednesday, he changed course, announcing a 90-day pause on most of them in the face of market tremors and economic worries. But even with Trump’s recent reversal, net tariffs are still much higher than they were before he was elected, and sky-high tariffs on China remain in place. What does this mean for the economy, the world and for Trump?

1 month ago | yahoo.com | Sudeep Reddy

At the start of this month, President Donald Trump announced enormous tariffs on nations across the globe. Just as the tariffs took effect Wednesday, he changed course, announcing a 90-day pause on most of them in the face of market tremors and economic worries. But even with Trump’s recent reversal, net tariffs are still much higher than they were before he was elected, and sky-high tariffs on China remain in place. What does this mean for the economy, the world and for Trump?

1 month ago | politico.com | Sudeep Reddy

President Donald Trump stops to speak with reporters as he departs the White House on April 3, 2025. | Francis Chung/POLITICO BITTER PILL — Not long after the Wall Street crash of 1929, and before the most damaging effects of a global trade war triggered by the infamous Smoot-Hawley tariffs, a U.S. Treasury secretary named Andrew Mellon appealed to the president to impose a stark strategy as a sort of moral reset for a struggling nation.

2 months ago | politico.com | Sudeep Reddy

President Donald Trump delivers remarks after signing an executive order on reciprocal tariffs in the Oval Office on Feb. 13. | Andrew Harnik/Getty Images ‘PERIOD OF TRANSITION’ — President Donald Trump and some of his top officials are engaging in an eyebrow-raising strategy in the first weeks of their administration: warning of economic tremors and entertaining the prospect of a recession.