As the Trump administration marked its 100th day in office, a Reuters/Ipsos poll released on April 29 highlighted a dramatic plunge in public confidence, with Trump's economic approval rating hitting a record low of 36%.
Ryan Hill, a San Francisco-based fashion entrepreneur, has been sourcing from China for 15 years. Now he has paused all orders, due to the tariffs.
"No profit left. None," he says. His small business—like many others—is being strangled by the new tariffs. "Most of my friends in fashion are basically just gonna close their businesses."
Statistics show that GDP decreased at an annual rate of 0.3 percent in Q1. Goldman Sachs Research has downgraded its forecast for U.S. GDP growth in 2025 to just 0.5 percent, while its economists have raised the likelihood of a recession within the next 12 months to 45 percent.
Co-presented by GDToday and the School of Journalism and Communication, Jinan University
Reporter | Liu Xiaodi, Wang Yating (intern)
Illustrator | Wang Yating (intern)
Editor | Yuan Zixiang, James, Shen He
