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Trump tariffs could cause summer economic slump: Chicago Fed president newsthirst.

Business owners and CEOs are already stocking up on inventory, and some American shoppers are panic buying big-ticket items in anticipation of President Donald Trump’s tariffs. The sudden buying binge could cause an “artificially high” level of economic activity, said Federal Reserve Bank of Chicago President Austan Goolsbee. “That kind of preemptive purchasing is probably…

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Trump administration announces fees on Chinese ships docking at U.S. ports newsthirst.

Shipping containers are stacked on a cargo ship as they are offloaded at PortMiami on April 15, 2025 in Miami, Florida. Joe Raedle | Getty Images The Trump administration on Thursday announced fees on Chinese-built vessels after a United States Trade Representative investigation by the Biden-Trump administrations found China’s acts, policies and practices were unreasonable…

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If Trump can fire Fed Chair Powell, markets will crash: Warren newsthirst.

Sen. Elizabeth Warren, D-Mass., warned Thursday that U.S. markets will “crash” if Federal Reserve Chairman Jerome Powell can be fired by President Donald Trump. The comment from Warren, a frequent Powell critic, on CNBC’s “Squawk on the Street” came hours after Trump griped that the Fed chair’s “termination cannot come fast enough!” A senior White…

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Trump administration threatens Harvard with foreign student ban newsthirst.

Getty Images Harvard President Alan Garber has flatly rejected the White House’s sweeping list of demands The US government has threatened to ban Harvard University from enrolling foreign students, after the institution said it would not bow to demands from Donald Trump’s administration. The White House has demanded the oldest university in the US make…

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Italy’s Giorgia Meloni to meet Trump amid trade standoff with Europe newsthirst.

Then U.S. President-elect Donald Trump and Italian Prime Minister Giorgia Meloni at Mar-a-Lago in Palm Beach, Florida, on Jan. 4, 2025. Italian Government | Reuters Italian Prime Minister Giorgia Meloni is set to meet U.S. President Donald Trump on Thursday amid a tense trade standoff with the European Union over tariffs. Meloni’s visit to Washington…

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