World Business Report

US Economy takes a hit

4 snips
Jun 26, 2025
Kerry Leahy, an economist and adjunct professor at Columbia University, dives into the struggles of the US economy as it shrinks and jobless claims rise. He discusses how tariffs are impacting business and the ongoing trade negotiations with China. Switching gears, Leahy analyzes Nigeria's sweeping tax reforms amid skepticism about their effectiveness. He also touches on Nike's declining sales and the evolving landscape of the fashion industry as Anna Wintour steps back after decades of influence. A captivating mix of economics and fashion!
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
INSIGHT

US Trade Deficit Insights

  • The US trade deficit widened despite tariff policies aimed at reducing it.
  • Some experts say the US lacks efficiency to produce everything it needs domestically.
INSIGHT

Business Uncertainty from Tariffs

  • US businesses are hesitant to invest amid tariff and policy uncertainty.
  • Changing trade deadlines add to confusion for domestic and foreign firms.
INSIGHT

Dollar Decline and Fed Dynamics

  • A lower US dollar could help exporters amid trade tensions.
  • Possible early Fed chair replacement adds complexity to monetary policy and affects the dollar.
Get the Snipd Podcast app to discover more snips from this episode
Get the app