Seems inevitable that in 3 months it will be official the US will be in a Recession. Quite a rapid fall from the robust economy and markets that Trump took over from Biden. Full employment will be a distant memory as well those data points are going to rapidly go bad. The longer this goes on the harder it will be to turn things around when they want to pull the rip cord on this stupid trade policy.
We just booked -0.3% in the first quarter according to Google search. That is why I said in 3 months time, if the number is negative you have a technical recession. More important than the number is the trend Q4 was 2.4% positive. Even if we consider it no growth that's quite a drop from a decent growth when Biden lost the election.
What about China? What about Europe? What about Canada? You ET trolls are just idiots without a clue on what is happening the world over. Your reckoning is coming. US is still the number one country on consumption. We spend over $1 trillion the world over. When the US spending goes down? Who do you think gets hurt the most? The US or countries exporting to the US? US can also, buy more from countries with trade deals as their products are cheaper. Got it yet?
It's a pretty misleading number, because of the surge in imports. The massive spike in imports was to get ahead of the tariff hikes. However, I expect consumer spending, investment, imports, and exports all to fall off for this quarter as prices rise, countries retaliate/boycott our exports, and businesses hold off on investment with tariff uncertainty and declining sentiment about the future economic outlook.
It's a horrible number given the rate of change. None of the experts expected negative GDP in the US this year maybe in Canada but Q1 we are up 1.7%. If Trump hadn't started an unnecessary trade war I think you'd be between 2.4 and 3% and chances to go to 4-5% next year. That's a real impact on many Americans.
You remain delusional. Again, trade with Canada is basically balanced your trade deficit becomes a surplus if you remove one item, Heavy Oil. Your reckoning already came it's obvious you are mad at the world and all the threats about what you think will happen to everyone are pure bs in your head. It won't help you recover from whatever ails you my guess is your mental health isn't great and you need help.
A lot of 'Services" that I presume are from mostly global companies headquartered in the US. Might be some misc stuff as well like medical equipment, appliances, and cars ( last two we can source from Asia ). I bought an American made washer just before the tariffs clicked in and the price went up 15% the next week at every vendor. I switched to Toyota from American brands my last car purchase.
Apparently some serious alliances building between Europe and Asia to counter the US on trade. I'm sure Canada will get in on that action as well. This is looking a lot like WW2 except it's trade not military aggression, and the bad guys are the US this time out. Now if Americans are not comfortable being the bad guys in this equation, dump your lunatic leader. He is a choice you made and if you are going to take partisan politics to the extreme well some of you deserve high inflation, a poor economy, and in some cases unemployment. You were warned last year.