'Gonna be big mad': Trump's no good, very bad day fueled by more than tariff ruling
Alternet • • business
Key Points:
- U.S. GDP growth slowed to 1.4% annually in late 2025, significantly below expectations of 2.5% and falling short of President Trump's target of 3-4%, reflecting a slowdown compared to the 2.8% growth in 2024 under President Biden.
- Inflation remained elevated, with a key Fed-tracked gauge showing a 3% increase year-over-year in December, indicating persistent price pressures despite economic slowdown.
- The U.S. Supreme Court ruled 6-3 that President Trump exceeded his authority by imposing global tariffs without congressional approval, effectively invalidating a cornerstone of his trade policy.
- Critics condemned the economic performance and the tariff ruling, with some attributing the downturn
