#dieWIRTSCHAFTSPRAXIS-VW.THINKTANK I STATUS.QUO Q2/2025

European Central Bank Executive Board member Isabel Schnabel suggested that US President Donald Trump’s tariff onslaught may signify that the era of free-flowing global commerce is over.

In every corner of the financial markets, from stocks to bonds to commodities, investors are sending Donald Trump the same unmistakable message: The trade war he unleashed is threatening to set off a worldwide recession — and fast.

In every corner of the financial markets, from stocks to bonds to commodities, investors are sending Donald Trump the same unmistakable message: The trade war he unleashed is threatening to set off a worldwide recession — and fast.

China retaliated against new US tariffs with levies on all American imports, delivering on a promise to strike back after President Donald Trump imposed duties and escalating a trade fight.

Federal Reserve Chair Jerome Powell said the economic impact of new tariffs is likely to be significantly larger than expected, and the central bank must make sure that doesn’t lead to a growing inflation problem.

Expectations for European Central Bank interest-rate cuts are rising as investors and analysts assessing the fallout from Donald Trump’s tariffs conclude that the outcome for inflation will be more benign while growth will suffer.

US job growth beat forecasts in March and the unemployment rate edged up, pointing to a healthy labor market before the global economy gets hit by widespread tariffs.

The US stock market is down almost 10% since President Donald Trump’s inauguration, marking the worst 10-week start under a new president since George W. Bush in 2001 during the height of the dot-com selloff.

Roughly $1.7 trillion was erased from the S&P 500 Index at the start of trading on Thursday amid worries that President Donald Trump’s sweeping new round of tariffs could plunge the economy into a recession.

US service providers expanded in March at the slowest pace in nine months as orders growth cooled and a measure of employment tumbled to the lowest since 2023.

Federal Reserve Vice Chair Philip Jefferson said interest rates remain well positioned to handle competing risks despite a high degree of uncertainty in the economic outlook amid substantial changes to US policies on trade, immigration and regulation.

US President Donald Trump’s array of tariffs threatens the global economy and calls into question the European Central Bank’s achievements in fighting inflation, according to Governing Council member Joachim Nagel.

The world’s 500 richest people saw their combined wealth plunge by $208 billion Thursday as broad tariffs announced by President Donald Trump sent global markets into a tailspin.

Eine leichte Entspannung in der Baubranche zeigt das Ergebnis des aktuellen Bauwirtschaftsradars der Wirtschaftskammer. Von Aufschwung ist zwar noch keine Rede, man gibt sich aber schon damit zufrieden, keinen neuen Tiefpunkt erreicht zu haben.

Businesses are struggling to adjust

Much will depend on the courage of Europe

Should it be?

The president jacks up tariffs on all countries, with particularly sharp rises for much of Asia

The European Union, the US’s largest trading partner, vowed to retaliate after President Donald Trump announced sweeping tariffs against the bloc in his bid to dismantle the global trading system.

Donald Trump’s latest tariff hikes threaten to inflict a bigger hit on China’s economy than it suffered during his first trade war.

Spitzenvertreter von Bund, Ländern und Gemeinden haben am Mittwoch im Bundeskanzleramt ein Gipfelgespräch abgehalten, um über die Sanierung des aus dem Ruder gelaufenen Budgets zu beraten. Nach dem Termin äußerte man sich einhellig: Bundeskanzler Christian Stocker (ÖVP) sprach nach dem Treffen von einem Stufenplan, um auch langfristig den Staatshaushalt in den Griff zu bekommen. Erstes Ziel sei es, das Defizit auf drei Prozent und damit das Maastricht-Ziel zu drücken.

US job openings fell in February while layoffs remained subdued, adding to evidence of a labor market that’s only gradually cooling.

Das chinesische Militär will es als »ernste Warnung« an Taiwan verstanden wissen: Streitkräfte nähern sich der Insel für eine Übung aus der Luft und vom Wasser. Taiwan hat bereits reagiert.

European Central Bank Executive Board member Isabel Schnabel said it’s time to talk about joint debt again in the euro area as policymakers see an opportunity to bolster the currency’s role in the global economy.