Preliminary estimates for the US economic activity in the second quarter point to a recovery following a mild decline for GDP in the first quarter. The obvious caveat: Q2 data is still sparse and so there’s a high degree of uncertainty about how the quarter will evolve as the effects of tariffs move through the economy in the weeks ahead.
Daily Archives: May 7, 2025
Macro Briefing: 7 May 2025
The US slide in exports this year has expanded to to most American ports, according to trade tracker Vizion. The consultancy analyzed US export container bookings for the 5-week period before President Donald Trump’s tariffs began and the 5 weeks after the tariffs took effect. “We haven’t seen anything like this since the disruptions of summer 2020,” said Kyle Henderson, CEO of Vizion. “That means goods expected to arrive in the next six to eight weeks simply won’t. With tariffs driving costs higher, small businesses are pausing orders. Products that once moved reliably are now twice as expensive, forcing importers into tough decisions.”
