The Intelligence from The Economist

Whack of all trades: America’s economy

16 snips
Mar 28, 2025
Simon Rabinovich, U.S. economics editor, discusses the detrimental effects of tariffs and the uncertainty plaguing American businesses. He highlights how a projected 25% tariff on imported cars could worsen GDP growth and deter investment. Sarah Larniuk, an audio correspondent, illuminates Japan's economic support for Ukraine, emphasizing the cultural importance of aiding during conflict. They also touch on the global popularity of Netflix's 'Adolescence,' which tackles complex teen issues, from societal pressures to parental disconnect.
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INSIGHT

Economic Slowdown and Uncertainty

  • America's strong economy shows signs of slowing, partly due to Trump's policies.
  • Uncertainty around tariffs is causing paralysis for businesses, hindering long-term investments.
INSIGHT

Uncertainty and Sentiment

  • Business uncertainty is at its highest in over half a century, impacting sentiment.
  • This high uncertainty, coupled with a weak stock market, suggests slower future investment.
INSIGHT

Impact of Car Tariffs

  • Proposed 25% tariffs on foreign cars will disrupt the global and US auto industries.
  • This will likely lead to a protected, uncompetitive US auto industry with higher prices.
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