By Julia Limitone Published April 05, 2018 White House FOXBusiness Facebook Twitter Comments Print video Larry Kudlow on economy: It's possible to be in 3%-4% growth zone National Economic Council Director Larry Kudlow on the Trump administration's trade policies, the outlook for economic growth and a potential 'phase two' for tax cuts. President Donald Trump has officially ended the war on business according to National Economic Council Director Larry Kudlow, who said the U.S. economy has gotten a head start on economic growth. Continue Reading Below “I think it’s possible,” he said, “to be in the three to four percent growth zone,” he said. The Commerce Department revised its first estimate of economic growth in the fourth quarter of 2017 to 2.5 percent, down 0.1 percent from its earlier estimate. The economy grew 2.3% through 2017, up from 1.5% in 2016. “The last three quarters we picked up from … [Read more...] about US economy can grow 3%-4%: Larry Kudlow
Economy
Here’s how Donald Trump’s steel tariff could whack Southern California’s economy
By Jeff Horseman | [email protected] | The Press-EnterpriseApril 2, 2018 at 5:00 am Taffy and toilet paper come to mind when watching flat steel-making at California Steel Industries in Fontana. Slabs arriving by the trainload are heated and stretched like gooey candy through a series of rolling mills. After cooling, sheets are coiled to look like metallic rolls of tissue before eventually being sold to 200-plus manufacturing customers, who use it to make everything from culverts, grating and steel siding to home heating units, guard rails and railcars. That economic beehive, and the lucrative nature of CSI jobs, could be affected in unexpected ways by President Donald Trump’s recently announced 25 percent tariff on steel imports. The stated goal of the tariff – which includes another 10 percent tariff taxes aluminum imports – is to protect U.S. manufacturing. But CSI executives fear it poses a unique challenge to their company. What’s more, if the tariff … [Read more...] about Here’s how Donald Trump’s steel tariff could whack Southern California’s economy
Trump at one year: Low job approval, but economy is good
Last Updated Jan 18, 2018 10:32 AM EST By Jennifer De Pinto, Fred Backus, Kabir Khanna and Anthony SalvantoA year after President Donald Trump was sworn into office, he continues to receive historically low and highly partisan approval ratings, despite widely positive views of the economy. He gets at least some credit for the economy, but most Americans don't feel they've personally benefitted from his policies – only 22 percent think they've been directly helped. As he prepares to give his first State of the Union address, thirty-seven percent of Americans approve of the job Mr. Trump is doing as president. He has lower ratings at the one-year mark than past presidents -- 58 percent now disapprove. Americans overall are feeling upbeat about the economy and the President gets some credit for that. Sixty-seven percent say the economy is very or fair good – a figure that has been at the 60 percent level or higher since Mr. Trump became president. Even half of … [Read more...] about Trump at one year: Low job approval, but economy is good
Trump’s trade turmoil hurting economy, just as Blunt said he warned president it would
JEFFERSON CITY • After warning President Trump to back off his decision to impose tariffs on steel and aluminum over a month ago, U.S. Sen. Roy Blunt, R-Mo., said his concerns were coming true Wednesday.Speaking with reporters during a stop at the Missouri Capitol, Blunt said his fears of retaliation had been borne out over the prior 48 hours after China announced it was imposing taxes on a variety of U.S. products in response to Trump's decision to ratchet up talk of more tariffs.“I think the last two days are an indication of exactly what I’ve been most concerned about,” Blunt said. “I don’t think we’re headed to the right place on trade policy.”Blunt, a member of the Senate leadership team, raised red flags about Trump’s move to impose tariffs on steel and aluminum when the action was announced in late February.Since then, trade tensions have escalated, with Trump announcing plans to impose more tariffs on Chinese imports, … [Read more...] about Trump’s trade turmoil hurting economy, just as Blunt said he warned president it would
EPA prepares to roll back fuel economy and emissions rules
SAN JOSE, Calif. (KGO) -- Across the country, many are awaiting an announcement from the Environmental Protection Agency, that could loosen regulations aimed at requiring automakers to nearly double the average fuel economy of new cars and light trucks to more than 50 miles per gallon by 2025.The potential changes, which could be announced next week, are alarming to some.RELATED: Volkswagen near $43 billion settlement guilty plea in emissions scandal"Cars are 70-percent of our unhealthy air," says Terry Trumbull, SJSU Environmental Studies Professor. "We've got to have cleaner burning cars, and the cost of it is trivial. In a new car, it is virtually nothing." Under the 1970 Clean Air Act, California has special authority to enforce stronger air pollution standards than those set by the federal government, because the state set its own regulations before federal rules came into play. But environmental experts say the Trump administration could eventually take California to court to … [Read more...] about EPA prepares to roll back fuel economy and emissions rules