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Trump’s Tariffs Will Likely Hurt US Economy. Immigration Crackdown Makes It Worse

(Bloomberg) -- President Donald Trump’s efforts to curb immigration are coming at a precarious time for the US labor market, threatening to choke off a key growth engine just as tariffs are poised to drag down economic activity.Most Read from BloombergDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusTrump Administration Takes Over New York Penn Station RevampDOGE Places Entire Staff of Federal Homelessness Agency on LeaveNashville’s $3 Billion Transit Plan Brings a Call for Zo

US, South Korea Set for Trade Negotiation as Tariffs Hit Economy

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusTrump Administration Takes Over New York Penn Station RevampDOGE Places Entire Staff of Federal Homelessness Agency on LeaveNashville’s $3 Billion Transit Plan Brings a Call for Zoning ReformSouth Korea and the US will kick off trade negotiations this week as the Asian export powerhouse seeks to persuade Donald Trump’

Emerging Market Currencies Gain as Fed Worries Depress Dollar

(Bloomberg) -- Emerging market currencies rose as the dollar continued to retreat amid worries over the independence of the Federal Reserve. Most Read from BloombergDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusTrump Administration Takes Over New York Penn Station RevampDOGE Places Entire Staff of Federal Homelessness Agency on LeaveNashville’s $3 Billion Transit Plan Brings a Call for Zoning ReformA gauge of developing market currencies advanced 0.3% on Monday. Last week i

Dollar slides to three-year low as Trump attacks threaten Fed's independence

The dollar tumbled on Monday to its lowest level in three years as investor confidence in the U.S. economy took another hit over President Donald Trump's attacks on the Federal Reserve chairman, potentially putting the central bank's independence under threat. White House economic adviser Kevin Hassett said on Friday that the president and his team were continuing to study whether they could fire Powell, just a day after Trump said Powell's termination "cannot come fast enough" as he called for the Fed to cut interest rates.