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The US economy is growing - so where are all the jobs?

BBC News

The US economy is growing - so where are all the jobs? When 42-year-old Jacob Trigg lost his job as a project manager in the tech industry he didn't think it would take too long to find a new one - he always had before. But more than 2,000 job applications later he is still hunting, trying to make ends meet with jobs in package delivery and landscaping. It's a huge surprise because I've always been able to get a job very easily, said Trigg, who lives in Texas. It wasn't even on my radar to be prepared for more than six months of unemployment.


Trump's tariffs could be undone by one conservative doctrine: 'Life or death'

FOX News

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Trump Imposes Limited Tariffs on Foreign Semiconductors

NYT > Economy

President Trump signed a proclamation on Wednesday to impose a 25 percent tariff on a narrow list of foreign semiconductors, providing a way for the government to earn revenue off the sale of lucrative chips used in artificial intelligence. The tariff, which would take effect Thursday, is far more limited than what the president initially threatened. Last year, the administration began an investigation aimed at encouraging tech companies and chip makers to buy semiconductors made in America. But instead of approving sweeping tariffs that would affect the industry, Wednesday's announcement showed the administration has settled for narrower levies that allow it to take a cut of artificial intelligence chips sold to China. A document released by the White House said a 25 percent tariff would be put on A.I. chips made by companies like Nvidia and AMD that are imported into the United States and then re-exported to other countries. The tariff would not apply to semiconductors that are brought into the country to be used domestically in data centers or in products for American consumers, industry or the government.


China announces record 1tn trade surplus despite Trump tariffs

BBC News

China announced record export numbers for 2025, a year when US President Donald Trump's tariffs and trade policy caused turmoil in the global economy. Beijing on Wednesday reported the world's largest-ever trade surplus - the value of goods and services sold overseas compared to its imports - at $1.19tn (£890bn). It's the first time China's full-year trade surplus has passed $1tn, beating 2024's record figure of $993bn. China's monthly export surpluses passed $100bn seven times last year - a sign that Trump's tariff campaign have barely affected its overall trade with the rest of the world. Trade with the US did weaken, but this was made up for by a rise in Chinese exports elsewhere, especially to South East Asia, Africa and Latin America.


Is the US economy strong heading into 2026? The picture is complicated

Al Jazeera

How dangerous is the US standoff with Venezuela? Is the US economy strong heading into 2026? As the United States economy heads into 2026, the report card emerging on its performance is complicated. By many measures, the world's largest economy appears to be in a strong position. After a tumultuous year marked by President Donald Trump's return to the White House and his swing towards tariffs and protectionism, recent growth has outpaced the expectations of most analysts.


US Trade Dominance Will Soon Begin to Crack

WIRED

Savvy countries will discover there's a way to mitigate the harm incurred by Trump's tariffs--and it'll boost their own economies while making goods cheaper too. In 2026, the leaders of America's (former) trading partners are going to have to grapple with the political consequences of tit-for-tat tariffs. A tariff is a tax paid by consumers, and if there's one thing the past four years have taught us, it's that the public will not forgive a politician who presides over a period of rising prices, no matter what the cause. Luckily for the political fortunes of the world's leaders, there is a better way to respond to tariffs. Tit-for-tat tariffs are a 19th-century tactic, and we live in a 21st-century world--a world where the most profitable lines of business of the most profitable US companies are all vulnerable to a simple legal change that will make things cheaper for billions of people, all over the world, including in the US, at the expense of the companies whose CEOs posed with Trump on the inaugural dais.


The Biggest Threat to the 2026 Economy Is Still Donald Trump

The New Yorker

Many analysts are predicting an election-year upturn, but they aren't accounting for the President's ability to cause more chaos. In a primetime address from the Oval Office last week, Donald Trump said, "We are poised for an economic boom the likes of which the world has never seen." This was the sort of bloviating that has convinced many voters he's hopelessly out of touch, but it did raise the question of how the economy is likely to perform in 2026, a midterm-election year. Given the data fog that the government shutdown created, the old joke applies more than ever: it's difficult to make predictions, especially about the future. But some things seem reasonably clear.


From A for algebra to T for tariffs: Arabic words used in English speech

Al Jazeera

Arabic is one of the world's most widely spoken languages with at least 400 million speakers, including 200 million native speakers and 200 million to 250 million non-native speakers. Modern Standard Arabic (MSA) serves as the formal language for government, legal matters and education, and it is widely used in international and religious contexts. Additionally, more than 25 dialects are spoken primarily across the Middle East and North Africa. The date was chosen to mark the day in 1973 on which the UN General Assembly adopted Arabic as one of its six official languages. In the following visual explainer, Al Jazeera lists some of the most common words in today's English language that originated from Arabic or passed through Arabic before reaching English.


Negotiations over US-UK tech deal stall

BBC News

Negotiations over a technology deal between the UK and US have stalled due to stumbling blocks in wider trade negotiations between the two sides. The Technology Prosperity Deal - which was billed as historic when it was unveiled during US President Donald Trump's state visit in September - saw both countries pledge to co-operate in areas such as AI. However, talks on the agreement are now being held up because of US concerns about what it considers to be wider UK trade barriers. A government spokesperson said our special relationship with the US remains strong and the UK is firmly committed to ensuring the Tech Prosperity Deal delivers opportunity for hardworking people in both countries. The New York Times - which first reported the story - said there were broader disagreements between the two sides, including over digital regulations and food safety rules.


Roomba vacuum cleaner firm files for bankruptcy

BBC News

The US firm behind the Roomba smart vacuum cleaner, iRobot, has filed for bankruptcy protection after facing competition from Chinese rivals and being hit by tariffs. Under the so-called pre-packaged Chapter 11 process, the main manufacturer of its devices, Shenzhen-based Picea Robotics, will take ownership of the firm. The tough commercial landscape had forced iRobot to cut its prices and make major investments in new technology, according to documents filed on Sunday. US import duties of 46% on goods from Vietnam, where most of iRobot's devices for the American market are made, increased its costs by $23m (£17.2m) this year, the firm said. The loss-making company was valued at $3.56bn in 2021 after the pandemic helped to drive strong demand for its products.