Exclusive | Ford Asks Trump Administration for Relief as Tariffs Pummel F-150 – WSJ
Economy 📍
📽️ Videos
US Federal Reserve Districts – Population
By far the largest federal reserve district by population is the San Fransisco Fed.
Global Food Supply Faces a Dangerous Bottleneck as Iran War Persists – The New York Times
One of the biggest economic casualties of the U.S.-led war in Iran has been the global fertilizer supply.
Shipments of it have piled up on the wrong side of the Strait of Hormuz. In India, Algeria and Slovakia, fertilizer plants have shut down or slowed their output because of rising natural gas prices. China has restricted fertilizer exports. Australian wheat farmers are planting less, and corn and soy farmers in the United States are begging President Trump for relief.
Energy-Price Shock Hits a World Already Buried in Debt – WSJ
The costs of shielding the global economy from the most severe energy shock in decades are adding up—just when governments can least afford it.
Authorities around the world are trying to cushion the blow to ordinary people from soaring prices. The state of Georgia suspended its 33 cents-a-gallon gas tax, with other U.S. states considering doing the same. The U.K. government has promised to help pay some consumers’ heating-fuel bills. China, Hungary and Japan have limited prices at the gas pump.
The efforts contain inflation but strain already-groaning government budgets. The longer the crisis in the Persian Gulf lasts, the more that governments will feel compelled to do.