Trump means what he says. So far.
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After weeks of tariff whiplash, the world has discovered President Donald Trump's recent aggressive tariff threats aren't all idle.
On Wednesday, Trump unveiled sweeping 10% tariffs on all countries, which was lower than some economists had expected. The bad news was his reciprocal tariffs were much higher than economists had forecast, and countries from Canada to China are lining up to implement retaliatory tariffs. Economists fear a trade war will erupt, slow the economy and raise prices.
Stock markets around the world cratered, with the blue-chip Dow losing about 1,500 points in early trade and the S&P 500 headed for its worst day in two years.
Federal layoffs continue
While Trump's tariffs took center stage, more federal layoffs are occuring.
On Tuesday, workers were axed at the Centers for Disease Control and Prevention and at the Food and Drug Administration, the first steps in a plan to cut 10,000 jobs at the Department of Health and Human Services.
The job cuts included the entire staff responsible for helping 6.2 million low-income Americans keep their utilities on. If the summer sees stretches of record temperatures again, this could be disastrous for them, some say.
Just in time for Easter
Egg prices have dropped back to $3 per dozen on average.
"The supply situation at grocery outlets has greatly improved in recent weeks and consumers are once again seeing fully stocked shelves and enjoying a range of choices without purchase restrictions," the USDA said.
The decline in national egg prices comes as the USDA reported fewer bird flu cases last month. Bird flu cases declined significantly down to 2.1 million cases in March, according to the USDA, compared to 12.64 million in February and 23.19 million in January.
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Senior Tax Consultant at Tax lawyer - independent
1mo“I don’t understand why the world doesn’t understand the wounds of America. The nation that bore the weight of global hope, carried others through crisis, and paid the price for peace is now expected to justify its scars. Strength doesn’t mean it never bled—it means it kept standing, even when the world forgot to say thank you.”