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Tag Archives: US economy

US economy showing ‘encouraging signs’: White House

Washington, United States | AFP | The US economy is showing “encouraging signs” and there’s no need for another spending package to combat the downturn caused by the coronavirus pandemic, a White House advisor said on Monday. “If the economy recovers slower than we expect, then it’s possible we’ll have to put some more cash …

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Grim and getting worse: US set for historic unemployment surge

Washington, United States | AFP | Like a global tsunami, the coronavirus pandemic has caused a huge loss of life and taken a massive economic toll. In the US economy, skyrocketing unemployment is the most-visible sign of the devastation: almost overnight, at least 30 million workers lost their jobs. The April …

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Trump hails economic boom as industry attacks trade war

Washington, United States | AFP | President Donald Trump on Tuesday took credit for an American economic renaissance but was greeted by another salvo from US industries that blame his trade wars for jeopardizing employment, wounding business and burdening consumers with higher costs. But Trump doubled down, threatening to jack up …

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Trump hardens tone on China as trade war rattles economy

Washington, United States | AFP | Amid fresh signs his trade wars are rattling the US economy, President Donald Trump on Tuesday sent stern warnings to China, urging the Pacific power not to drag its feet in trade negotiations. After a month of escalations in the year-long battle with Beijing, Trump …

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