Sudeep Reddy

1 week 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?

2 weeks 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?

2 weeks 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.

1 month 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.

Sep 17, 2024 | politico.com | Sudeep Reddy

Cars drive past the Federal Reserve building today in Washington, DC. | Anna Moneymaker/Getty ImagesPOWELL’S PUNCH — Just weeks before a presidential election, Federal Reserve Chair Jerome Powell will exit the central bank’s two-day policy meeting on Wednesday and implicitly declare victory against the most contentious economic issue of the campaign. The battle against a historic burst of inflation — the fastest increases in consumer prices in four decades — will be over.