Trump, tariffs and GDP: How do you forecast uncertainty?
Saturday, 12 April 2025 () The Office for Budget Responsibility (OBR), one of the UK’s central forecasters, prepared itself for President Trump’s tariff war – or at least partially. At a presentation after Chancellor Reeves’ Spring Statement, OBR chair Richard Hughes admitted the fiscal watchdog’s central forecast risked being completely undermined by global events. Hughes came up with three possible [...]
President Trump claims tariffs are bringing in $2 billion a day to the U.S. Treasury, calling it a "huge win" for America. Speaking at a White House event, he boasted that countries are lining up to cut deals. However, no data supports his staggering figure—Treasury records show an average of just...
As Donald Trump hikes tariffs on Chinese goods to an unprecedented 145%, China appears to be outmaneuvering Washington through clever supply chain rerouting. Chinese exports are increasingly flowing..
In a fiery response to China’s latest tariff hikes, former President Donald Trump’s trade team isn’t backing down. White House spokeswoman Karoline Leavitt says Trump remains “optimistic”..
Former President Donald Trump is threatening tariffs—and possibly sanctions—against Mexico, accusing the country of “stealing water” from Texas farmers. Citing the 1944 Water Treaty, Trump..
Saturday, 12 April 2025 ()
The Office for Budget Responsibility (OBR), one of the UK’s central forecasters, prepared itself for President Trump’s tariff war – or at least partially. At a presentation after Chancellor Reeves’ Spring Statement, OBR chair Richard Hughes admitted the fiscal watchdog’s central forecast risked being completely undermined by global events. Hughes came up with three possible [...]
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