Simply Economics

US-China Trade Truce and Housing Market Surge Amid Global Slowdown

In today's episode, we explore the easing of US-China trade tensions with a new tariff reduction agreement, the surge in US new home sales, and the global economic slowdown hitting its weakest pace in 18 months. Join us as we delve into the implications of these developments on both domestic and international fronts.Sources:https://www.whitehouse.gov/articles/2025/05/art-of-the-deal-u-s-china-ink-initial-trade-deal/https://www.whitehouse.gov/fact-sheets/2025/05/fact-sheet-president-donald-j-trump-secures-a-historic-trade-win-for-the-united-states/https://budgetlab.yale.edu/research/state-us-tariffs-may-12-2025https://www.gibsondunn.com/stepping-away-from-the-brink-us-china-trade-deal-offers-90-day-tariff-reduction/https://www.tradecomplianceresourcehub.com/2025/05/16/trump-2-0-tariff-tracker/https://www.realtor.com/news/trends/home-listings-weekly-housing-market-trends-may-15-2025/https://tradingeconomics.com/united-states/housing-startshttps://www.biggerpockets.com/blog/real-estate-1122https://investors.redfin.com/news-events/press-releases/detail/1332/redfin-reports-economic-jitters-high-costs-stifle-springhttps://www.census.gov/construction/nrc/pdf/newresconst.pdfhttps://www.scotsmanguide.com/news/april-housing-starts-rise-but-building-permit-dip-reveals-souring-builder-sentiment/https://eyeonhousing.org/2025/05/permit-activity-declines-in-march-2025/https://tradingeconomics.com/united-states/building-permitshttps://www.census.gov/construction/nrc/pdf/newresconst.pdfhttps://economics.td.com/us-housing-starts-and-permitshttps://www.weforum.org/stories/2025/05/step-back-from-brink-for-global-economy-and-other-key-economic-news/https://www.un.org/pt/node/230130https://www.mitrade.com/insights/news/live-news/article-3-823302-20250515https://www.spglobal.com/marketintelligence/en/mi/research-analysis/week-ahead-economic-preview-week-of-16-may-2025.htmlhttps://www.welchforbes.com/insights/economic-outlook-may-2025/

U.S.-China Tariff Truce, UN’s Gloomy GDP Forecast, and U.S. Consumer Confidence Plummets

In today's episode, we explore the recent U.S.-China agreement to reduce tariffs, marking a temporary easing in trade tensions. We also discuss the United Nations' revised global GDP growth forecast for 2025, which paints a bleak picture for the world economy. Additionally, we delve into the sharp decline in U.S. consumer sentiment, reaching its lowest level in three years, and the potential economic implications of this trend. Join us for these stories and more on Simply News Radio.Sources:https://www.whitehouse.gov/fact-sheets/2025/05/fact-sheet-president-donald-j-trump-secures-a-historic-trade-win-for-the-united-states/https://www.whitehouse.gov/briefings-statements/2025/05/joint-statement-on-u-s-china-economic-and-trade-meeting-in-geneva/https://budgetlab.yale.edu/research/state-us-tariffs-may-12-2025https://www.csis.org/analysis/understanding-temporary-de-escalation-us-china-trade-warhttps://www.whitecase.com/insight-alert/united-states-and-china-agree-partially-de-escalate-april-tariffshttps://desapublications.un.org/publications/world-economic-situation-and-prospects-mid-2025https://www.un.org/development/desa/dpad/wp-content/uploads/sites/45/WESP-2025_MYU_Table.pdfhttps://shafaq.com/en/Economy/Global-growth-slowing-UN-revises-2025-GDP-projection-down-to-2-4https://www.youtube.com/watch?v=z0F-2TxEJuQhttps://www.firstpost.com/india/un-revises-indias-2025-gdp-growth-to-6-3-in-mid-year-report-13889203.htmlhttps://www.bloomberg.com/news/articles/2025-05-16/us-consumer-sentiment-falls-close-to-record-low-on-inflationhttps://www.advisorperspectives.com/dshort/updates/2025/05/16/consumer-sentiment-nears-record-low-as-inflation-expectations-climbhttps://www.sca.isr.umich.edu

U.S. Tourism Faces $12.5 Billion Setback; Walmart Thrives Amid Tariff Pressures

In today's episode, we explore the projected $12.5 billion decline in international spending within the U.S. travel sector and its potential economic impact. We also delve into Walmart's impressive earnings report, highlighting its growth in e-commerce and international markets despite tariff challenges. Join us for an in-depth analysis of these pressing economic issues.Sources:https://aviationa2z.com/index.php/2025/05/17/us-tourism-12-5-billion-dollars-setback/https://www.lemonde.fr/en/united-states/article/2025/05/15/us-set-to-lose-12-5-billion-in-foreign-tourism-in-2025_6741315_133.htmlhttps://www.travelweekly.com/Travel-News/Government/WTTC-expects-steep-decline-in-international-visitors-to-UShttps://www.abs-cbn.com/news/business/2025/5/15/us-set-to-lose-12-5-bn-in-foreign-tourism-in-2025-industry-0727https://www.hotelnewsresource.com/article136473.htmlhttps://www.nasdaq.com/articles/buy-sell-or-hold-walmart-stock-after-q1-earningshttps://corporate.walmart.com/content/dam/corporate/documents/newsroom/2025/05/15/walmart-releases-q1-fy26-earnings/q1-fy26-earnings-release.pdfhttps://corporate.walmart.com/news/2025/05/15/walmart-releases-q1-fy26-earningshttps://corporate.walmart.com/content/dam/corporate/documents/newsroom/2025/05/15/walmart-releases-q1-fy26-earnings/q1-fy26-earnings-presentation.pdfhttps://stock.walmart.com/sec-filings/all-sec-filings/content/0000104169-25-000069/earningsreleasefy26q1.htm

Global Economic Slowdown: UN Forecasts, U.S. Tourism Decline, and UK Rate Cuts

In today's episode, we delve into the United Nations' revised global GDP growth forecast for 2025, highlighting a significant economic slowdown. We also explore the alarming drop in U.S. international tourism spending, projected to decrease by $12.5 billion. Additionally, we discuss the Bank of England's decision to cut interest rates to 4.25% amid economic uncertainties. Join us for an in-depth analysis of these pressing economic issues and their global implications.Sources:https://timesofindia.indiatimes.com/business/india-business/indias-gdp-growth-to-slow-down-at-6-3-in-2025-still-among-worlds-fastest-growing-economies-un/articleshow/121190833.cmshttps://www.outlookbusiness.com/economy-and-policy/un-cuts-indias-2025-gdp-growth-to-63-but-still-above-global-averagehttps://www.business-standard.com/economy/news/un-cuts-india-s-2025-gdp-growth-forecast-to-6-3-sees-strong-momentum-125051600115_1.htmlhttps://www.indiatvnews.com/news/world/un-forecasts-global-economic-growth-to-slow-down-to-2-4-per-cent-in-2025-india-china-fastest-growing-larger-economies-united-nations-projection-2025-05-16-990516https://economictimes.com/news/economy/indicators/indias-gdp-growth-revised-downward-to-6-3-for-2025-country-remains-one-of-fastest-growing-large-economies-un/articleshow/121201036.cmshttps://www.travelagewest.com/Travel/USA-Canada/us-international-traveler-spending-impactshttps://gettysburgconnection.org/u-s-tourisms-recent-decline/https://www.travelweekly.com/Travel-News/Government/WTTC-expects-steep-decline-in-international-visitors-to-UShttps://www.johngreenall.co.uk/hmrc-interest-rates-following-bank-of-england-rate-cut/https://www.lopiangb.co.uk/news/business-news/archive/article/2025/May/interest-rates-cut-to-425https://gsbglobal.com/newsroom/boe-cuts-rates-to-4-25-what-does-it-mean-for-you/https://www.sableinternational.com/blog/bank-of-england-base-rate-cuthttps://am.jpmorgan.com/us/en/asset-management/liq/insights/liquidity-insights/updates/navigating-uncertainty-the-bank-of-england-remains-cautious-after-a-split-mpc-decision/

U.S.-China Trade Truce and Fed’s Steady Stance Amid Economic Uncertainty

In today's episode, we delve into the recent U.S.-China trade agreement aimed at reducing tariffs and easing tensions. We also explore the Federal Reserve's decision to maintain interest rates amidst economic volatility and inflation concerns. Join us as we discuss the potential impacts on global trade, the U.S. economy, and the outlook for businesses and consumers in this uncertain landscape.Sources:https://www.whitehouse.gov/briefings-statements/2025/05/joint-statement-on-u-s-china-economic-and-trade-meeting-in-geneva/https://www.whitecase.com/insight-alert/united-states-and-china-agree-partially-de-escalate-april-tariffshttps://www.livenowfox.com/news/us-china-trade-deal-tariffs-may-12-2025https://abcnews.go.com/US/us-china-announce-deal-cut-reciprocal-tariffs-90/story?id=121702514https://www.geopolitechs.org/p/joint-statement-on-us-china-economichttps://fortune.com/2025/05/14/austan-goolsbee-interest-rate-cuts-us-economy-tariff-uncertainty/https://www.denver7.com/smartshopper/what-the-federal-reserves-recent-decision-on-interest-rates-could-mean-for-coloradanshttps://www.jpmorgan.com/insights/outlook/economic-outlook/fed-meeting-may-2025https://www.chase.com/personal/investments/learning-and-insights/article/fed-meeting-may-2025https://www.spglobal.com/market-intelligence/en/news-insights/articles/2025/5/tariff-uncertainty-could-push-back-fed-rate-moves-to-late-2025-88880393https://www.tradecomplianceresourcehub.com/2025/05/14/trump-2-0-tariff-tracker/https://www.fundssociety.com/en/news/markets/three-possible-economic-scenarios-for-the-u-s-from-this-point-forward/https://rbj.net/2025/05/09/us-growth-slows-2025-tariffs-policy-uncertainty/https://www.jpmorgan.com/insights/outlook/economic-outlook/fed-meeting-may-2025https://www.hancockwhitney.com/insights/markets-economic-update-for-may-2025https://www.bluetrust.com/blogs/is-the-u-s-headed-toward-recession/

Global Trade Shifts: U.S.-China Tariff Reductions and New U.S.-UK Deal

In today's episode, we explore the landmark trade agreement between the U.S. and China, which promises significant tariff reductions and a potential easing of economic tensions. We also delve into the newly announced U.S.-UK 'Economic Prosperity Deal,' aimed at boosting exports and creating jobs. Join us as we discuss the implications of these developments on global markets and future trade relations.Sources:https://foreignpolicy.com/2025/05/12/us-china-tariff-trade-agreement-geneva-meeting/https://www.whitehouse.gov/fact-sheets/2025/05/fact-sheet-president-donald-j-trump-secures-a-historic-trade-win-for-the-united-states/https://abcnews.go.com/US/us-china-announce-deal-cut-reciprocal-tariffs-90/story?id=121702514https://www.whitehouse.gov/briefings-statements/2025/05/general-terms-for-the-united-states-of-america-and-the-united-kingdom-of-great-britain-and-northern-ireland-economic-prosperity-deal/https://www.commerce.gov/news/press-releases/2025/05/department-commerce-together-ustr-announces-historic-trade-deal-unitedhttps://www.whitehouse.gov/fact-sheets/2025/05/fact-sheet-u-s-uk-reach-historic-trade-deal/https://www.dentons.com/en/insights/articles/2025/may/9/the-uk-us-trade-dealhttps://ielp.worldtradelaw.net/2025/05/the-general-terms-of-the-us-uk-trade-deal.html

U.S.-China Trade Breakthrough: Historic Agreement and Market Surge

In today's episode, we explore the landmark trade agreement between the United States and China, marking a significant shift in their economic relations. President Donald Trump announces a major reduction in tariffs, while both nations issue a joint statement from Geneva. We delve into the details of the agreement, its immediate effects, and the positive reaction from financial markets. Join us as we discuss the implications for future trade discussions and the challenges that remain.Sources:https://www.axios.com/2025/05/12/china-trade-deal-shein-temu-trumphttps://abcnews.go.com/US/us-china-announce-deal-cut-reciprocal-tariffs-90/story?id=121702514https://www.whitehouse.gov/fact-sheets/2025/05/fact-sheet-president-donald-j-trump-secures-a-historic-trade-win-for-the-united-states/https://www.foxbusiness.com/economy/trump-says-china-deal-open-up-market-us-businesseshttps://www.politico.com/news/2025/05/11/bessent-productive-talks-china-00340872https://www.fredlaw.com/alert-u-s-tariffs-update-may-12-2025https://www.globaltimes.cn/page/202505/1333843.shtmlhttps://www.youtube.com/watch?v=hk4dltY90Gshttps://budgetlab.yale.edu/research/state-us-tariffs-may-12-2025https://abcnews.go.com/Business/us-stocks-soar-us-china-agree-slash-tariffs/story?id=121708443

Record Trade Deficit and Steady Interest Rates Amid Economic Uncertainty

In today's episode, we explore the U.S. trade deficit reaching an unprecedented $140.5 billion in March 2025, driven by a surge in imports. We also discuss the Federal Reserve's decision to maintain interest rates amidst mixed economic signals, including a slight GDP contraction and resilient job growth. Join us as we delve into the implications of these developments on the broader economy and future outlook.Sources:https://www.bea.gov/news/2025/us-international-trade-goods-and-services-march-2025https://finance-commerce.com/2025/05/us-trade-deficit-record-tariffs-fears-imports/https://www.ftportfolios.com/blogs/EconBlog/2025/5/6/the-trade-deficit-in-goods-and-services-came-in-at-140.5-billion-in-marchhttps://www.wttlonline.com/stories/us-trade-deficit-widens-sharply-in-march-2025-to-record-levels,13767https://insidetrade.com/trade/trade-deficit-hit-all-time-high-marchhttps://www.federalreserve.gov/newsevents/pressreleases/monetary20250507a.htmhttps://www.jpmorgan.com/insights/outlook/economic-outlook/fed-meeting-may-2025https://www.realtor.com/news/trends/mortgage-interest-rates-now-may-8-2025/https://www.cbsnews.com/news/fed-meeting-decision-today-fomc-interest-rates-may-2025/https://cfi.trade/en/lb/blog/economic/federal-reserve-interest-rate-decision-may-2025-fed-450-decision-looms-will-powells-tone-ease-market-uncertaintyhttps://www.brilliantfs.com/the-u-s-added-177000-jobs-in-april/https://nchstats.com/us-unemployment-rate/https://nsjonline.com/article/2025/05/employers-added-177k-jobs-as-market-shows-resilience/https://dbia.org/blog/job-growth-holds-steady-in-april-jobs-report-as-industries-prepare-for-tariff-impacts/https://www.asbn.com/articles/u-s-adds-177000-jobs-in-april-as-labor-market-holds-strong-despite-tariff-turmoil/

U.S. Job Surge and UK Economic Struggles: A Tale of Two Markets

In today's episode, we delve into the U.S. jobs report revealing unexpected employment growth, while the UK faces economic challenges with a rate cut by the Bank of England and declining job opportunities. We explore the implications of these developments on both sides of the Atlantic, including sector-specific job growth in the U.S. and the impact of tax changes on the UK labor market. Join us for an in-depth analysis of these contrasting economic landscapes.Sources:https://www.jpmorgan.com/insights/outlook/economic-outlook/jobs-report-april-2025https://mondo.com/insights/april-job-report-us-adds-177000-jobs-2025/https://nchstats.com/us-unemployment-rate/https://www.brilliantfs.com/the-u-s-added-177000-jobs-in-april/https://www.chase.com/personal/investments/learning-and-insights/article/jobs-report-april-2025https://www.moneysavingexpert.com/news/2025/05/base-rate-cut/https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2025/may-2025https://news.sky.com/story/interest-rate-cut-to-4-25-by-bank-of-england-13363721https://www.pmi.spglobal.com/Public/Home/PressRelease/a0951a1b14cb46489746111d268a1314https://ecfsltd.co.uk/2025/05/06/economic-review-april-2025/https://www.spglobal.com/marketintelligence/en/mi/research-analysis/global-labour-market-risks-tilt-to-the-downside-as-business-confidence-plunges-May25.htmlhttps://kerrylehane.com/2025/05/06/services-sector-growth-slows-in-april-amid-trade-concerns-pmi-shows/https://www.davidjameswealth.com/connect/blog/economic-review-of-april-2025https://www.mondaq.com/uk/national-insurance/1620650/a-new-era-for-uk-inheritance-tax-what-the-2025-reforms-mean-for-youhttps://www.gov.uk/government/news/a-record-299419-returns-filed-in-the-first-week-of-the-new-tax-yearhttps://www.broomconsultants.com/state-pension-everything-you-need-to-know-in-2025-26/https://www.mondaq.com/uk/redundancylayoff/1622438/uk-employment-law-changes-to-expect-in-2025-and-beyondhttps://www.independent.co.uk/news/uk/home-news/dwp-benefits-cost-of-living-payments-changes-b2747765.html

Fed Holds Rates Steady, U.S. Trade Deficit Soars, Microchip’s Sales Slump

In today's episode, we delve into the Federal Reserve's decision to maintain interest rates amidst economic uncertainty, explore the record-high U.S. trade deficit driven by tariff concerns, and analyze Microchip Technology's significant sales decline despite market optimism. Join us for insights into these pressing economic issues and their potential impacts.Sources:https://www.cbsnews.com/news/fed-meeting-decision-today-fomc-interest-rates-may-2025/https://www.federalreserve.gov/newsevents/pressreleases/monetary20250507a1.htmhttps://www.federalreserve.gov/newsevents/pressreleases/monetary20250507a.htmhttps://www.thestreet.com/fed/analyst-makes-shocking-fed-interest-rate-cut-predictionhttps://abcnews.go.com/US/fed-expected-hold-interest-rates-steady-defying-trump/story?id=121510718https://www.cbsnews.com/news/fed-meeting-decision-today-fomc-interest-rates-may-2025/https://www.foxbusiness.com/economy/federal-reserve-interest-rate-decision-may-2025https://www.federalreserve.gov/monetarypolicy/files/monetary20250507a1.pdfhttps://www.jpmorgan.com/insights/outlook/economic-outlook/fed-meeting-may-2025https://www.federalreserve.gov/newsevents/pressreleases/monetary20250507a.htmhttps://www.advisorperspectives.com/dshort/updates/2025/05/06/trade-deficit-widens-record-high-march-2025https://www.foxbusiness.com/economy/us-trade-deficit-hits-record-high-marchhttps://insidetrade.com/trade/trade-deficit-hit-all-time-high-marchhttps://tradingeconomics.com/united-states/balance-of-tradehttps://www.strtrade.com/trade-news-resources/str-trade-report/trade-report/may/trade-deficit-hits-record-high-as-imports-surge-ahead-of-tariff-increasehttps://www.foxbusiness.com/economy/us-trade-deficit-hits-record-high-marchhttps://abcnews.go.com/US/wireStory/us-trade-deficit-hits-record-high-businesses-consumers-121525965https://www.advisorperspectives.com/dshort/updates/2025/05/06/trade-deficit-widens-record-high-march-2025?topic=covid-19-coronavirus-coveragehttps://www.bea.gov/news/2025/us-international-trade-goods-and-services-march-2025https://www.statista.com/chart/34405/us-net-exports-of-goods-and-services/https://www.investopedia.com/microchip-stock-jumps-as-analysts-raise-price-targets-on-strong-outlook-11731700https://www.morningstar.com/stocks/microchip-earnings-appears-spring-loaded-rebound-chip-ordershttps://www.bizjournals.com/phoenix/news/2025/05/09/microchip-fourth-fiscal-quarter-results.htmlhttps://www.techmonitor.ai/silicon/microchip-q1-fy2026-chip-demand-recovery/https://www.investing.com/news/company-news/microchip-q4-fy25-slides-revenue-decline-continues-amid-strategic-pivot-to-megatrends-93CH-4034466