Supply Lines is a daily newsletter that tracks global trade. This week, the world’s finance leaders gathered in Washington to observe firsthand the effects of President Donald Trump’s […]
Economy
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IMF Chief Urges Swift Resolution to Trade Tensions Threatening Global Growth
WASHINGTON (AP) — The head of the International Monetary Fund (IMF), Kristalina Georgieva, has urged nations to act swiftly in resolving trade disputes that threaten global economic growth. […]
Economy
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Trump’s Strategic Retreat May Indicate He’s Positioning Powell to Absorb Economic Turmoil Blame
A recent shift in President Trump’s approach may signal a strategic positioning of Federal Reserve Chair Jerome Powell as the scapegoat for potential economic instability. This move aligns […]
Economy
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Credit Card Companies Prepare for Economic Downturn Despite Strong Consumer Spending
American consumers continue to spend enthusiastically, yet major credit card companies are cautiously setting aside funds in anticipation of potential economic challenges. Despite robust consumer activity, these financial […]
Economy
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South Korea’s GDP Declines Amid Political Unrest Affecting Consumption
South Korea’s GDP has experienced a decline as ongoing political turmoil negatively impacts consumer spending. The instability within the government has led to decreased confidence among consumers, resulting […]
Economy
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Trump Criticizes Federal Reserve Chair Jerome Powell Over Interest Rates
President Donald Trump renewed his criticism of Federal Reserve Chair Jerome Powell, stating that interest rates are too high and hinting at a possible call to the central […]
Economy
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Southwest Airlines Cuts Flights and Scraps Forecasts Amid Economic Uncertainty
Southwest Airlines has joined Delta and United in cutting flights and withdrawing its financial forecast due to the economic uncertainty caused by President Trump’s trade war. This marks […]
Economy
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US Treasury Secretary Bessent States the Current Trade Standoff with China is Unsustainable
US Treasury Secretary Bessent has emphasized that the current trade standoff with China is not sustainable. During a closed-door investor summit, Bessent highlighted the need for a resolution […]
Economy
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US Treasury Secretary Suggests Potential De-escalation in Trade Tensions with China
The US Treasury Secretary has indicated a possible de-escalation in trade tensions with Beijing, although no formal talks have commenced yet. Trading partners are adopting tough stances as […]
Economy
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Citadel CEO Says Trump’s Actions Have Made the US 20% Poorer
According to Citadel CEO and founder Ken Griffin, US President Donald Trump’s policies are making the country poorer and damaging the reputation of US assets. Griffin stated that […]