Home Blog Page 431

Drug den owner, 5 others busted in Basilan sting

COTABATO CITY — Agents of the Philippine Drug Enforcement Agency (PDEA) arrested a drug den owner and five others in an entrapment operation in Barangay Malinis in Lamitan City in Basilan on Friday.

Gil Cesario P. Castro, director of the PDEA-Bangsamoro Autonomous Region in Muslim Mindanao, told reporters in Cotabato City on Sunday that all six suspects are now detained, to be charged with violation of the Comprehensive Dangerous Drugs Act of 2002 using the P81,600 worth of crystal meth (shabu) confiscated from them as evidence.

Mr. Castro said the operation that led to their arrest was planned with the help of Lamitan City Mayor Roderick H. Furigay and the Muslim and Christian community leaders in Barangay Malinis.

The drug den owner and his companions were immediately arrested by PDEA-9 agents and personnel of the Lamitan City Police Station. — John Felix M. Unson

P2.8-M smuggled cigarettes seized in Sulu

REUTERS

COTABATO CITY — Seaborne policemen seized P2.8 million worth of imported cigarettes in an anti-smuggling operation in Barangay Buansa in Indanan, Sulu on Friday.

The operation was launched by members of the Sulu Maritime Police Station, under the Regional Maritime Unit-Bangsamoro Autonomous Region, after villagers reported having seen seafaring smugglers unloading large boxes containing cigarettes, made in Indonesia, in Sitio Subah in Barangay Buansa.

Citing a report from Sulu, Brig. Gen. Romeo J. Macapaz, director of the Police Regional Office-Bangsamoro Autonomous Region (PRO-BAR), said on Sunday that the men who brought the 50 boxes of imported cigarettes ran away when they sensed that members of the Sulu Maritime police force, backed by PRO-BAR units in the province, were approaching their location.

Local executives and investigators from the Indanan Municipal Police Station estimated the confiscated imported cigarettes to be worth P2.8 million.

The seized contraband will be turned over to the Bureau of Customs for its disposition, according to Mr. Macapaz. — John Felix M. Unson

NU sweeps UP to stay undefeated in UAAP S87 women’s volleyball

NATIONAL UNIVERSITY LADY BULLDOGS — UAAP/JEMILL FERRER

Games on Wednesday
(Mall of Asia Arena)
9 a.m. – NU vs Adamson (men)
11 a.m. – Ateneo vs La Salle (men)
1 p.m. – NU vs Adamson (women)
3 p.m. – Ateneo vs La Salle (women)

DEFENDING TITLIST National University (NU) romped past the skidding University of the Philippines (UP), 25-13, 25-23, 25-22, to stay undefeated in the UAAP Season 87 women’s volleyball on Sunday at the Mall of Asia Arena.

It was no easy sweep as the Lady Bulldogs had to repel every resistance from the Fighting Maroons in the last two sets to claim their fifth straight win in as many games atop of the eight-team field.

Reigning MVP Bella Belen scored a team-high 17 points all on 17 hits as the Lady Bulldogs moved closer to a first-round sweep entering their last assignments against Adamson University and runner-up University of Santo Tomas this week.

Alyssa Solomon, who declared for the 2025 Korean V-League Draft, and Vange Alinsug backstopped Ms. Belen with 16 and 11 points, respectively.

The Lady Bulldogs did, weathering every storm the Fighting Maroons waged on them despite big leads in the second and third sets after a dominant start as they took care of business in only 88 minutes.

NU held a 23-20 cushion in the second and a 22-16 gap in the third before needing one last stand against a UP side eager to get back into the win column from a three-game skid.

For coach Sherwin Meneses, who took over the NU program only this season while concurrently mentoring the Creamline dynasty in the PVL, it’s all about composure for the proven and tested Lady Bulldogs.

Mr. Meneses, eyeing to deliver NU’s third title in four seasons after sweeping Season 84 that ended the school’s 65-year drought.

NU’s win in the process dealt UP its fourth straight loss to fall at 2-4 after an impressive start in a new era under former De La Salle University deputy Benson Bocboc.

Kassanda Doering (11) and Kiane Olango (10) led the Fighting Maroons.

In the men’s division, four-peat champion NU (4-1) fended off UP (1-5), 25-12, 25-15, 15-25, 25-22, to own the second spot as Ateneo de Manila University (3-2) gained a share for fourth place with idle La Salle after a big 25-20, 25-22, 22-25, 25-21 win over Santo Tomas (4-2). — John Bryan Ulanday

Nambatac to tackle the role of injured Castro in the Finals

REY NAMBATAC — PBA.PH

WITHOUT influential leader Jayson Castro, a bigger responsibility falls on the shoulders of Rey Nambatac as TNT battles powered-up Barangay Ginebra for the PBA Commissioner’s Cup crown.

But Mr. Nambatac, who’s only on his second conference with the Tropang Giga, expressed readiness to tackle the role — with major help from his teammates.

“Coach Chot (Reyes) told me I don’t need to totally fill in the void left by Kuya Jayson (Castro) because nobody can really do that. It would take a total team effort,” said Mr. Nambatac, TNT’s pre-season acquisition who won his first PBA title in the season-opening Governors’ Cup.

“If I can contribute at least 10 or 12 points out of Kuya Jayson’s 20 per game in the playoffs, it would be a big help to the team; we’ll then fill up the remaining 10 collectively,” he added.

Mr. Castro, who sustained a season-ending knee injury in Game 2 the semifinal series against Rain or Shine, was the Finals MVP when the Tropang Giga retained the Governors’ Cup title at the expense of the Gin Kings last November, 4-2. He would surely be missed in the best-of-seven Last Dance that begins on Friday.

“Very, very difficult (without Mr. Castro). Jayson is much more than just the skills he brings to the table. It’s a lot of other things — leadership, maturity, reading the game — so in the finals those are critical elements,” said Mr. Reyes.

“But we just have to not worry about who’s not here and just fight with who is here and what we have. Right now, we really have no choice but to go out there and give it our best and we’ll just see what happens.”

While TNT will wade into the finals rematch without a marquee player, rival Ginebra will have three additional ammo: Jamie Malonzo and Jeremiah Gray, who are both back from injuries, and former Tropang Giga big Troy Rosario, who came on board mid-season.

“We’ve been getting a lot better as a team, the chemistry has been getting better and with Jamie (Malonzo) back, Jeremiah (Gray)back and Troy (Rosario), we got him in this conference, hopefully that can be an edge,” said Ginebra import Justin Brownlee, who’s out to break through after going 0-2 against TNT counterpart Rondae Hollis-Jefferson in PBA title duels.

“It’s going to be a hard-fought series and any edge we can have or we can get, we’re definitely going to try to take advantage of it.” — Olmin Leyba

SM Mall launches sports playground SM Active Hub

FIVE YEARS AGO during the pandemic, SM Supermalls President Steven Tan envisioned putting up a hub in all its shopping centers in the country to promote an active and healthy lifestyle for its customers.

It came to fruition on Sunday when Mr. Tan personally launched his brainchild called the SM Active Hub, the country’s largest sports playground, on Sunday at the SM Mall of Asia (MOA) Activity Center.

The SM Active Hub houses 44 pickleball courts and 14 running hubs across its 21 malls and 87 shopping centers all over the country to give Filipinos a place where they could take part in the sporting community.

That is also apart from its newly built football center atop the MOA as well as its skating rinks in its chain of SM Malls.

“We realized during the pandemic that health is just something that we should really push them to do, that was the birth of conceptualizing about really pushing for not just in the Mall of Asia, but across the country from Luzon all the way down Mindanao,” said Mr. Tan.

“And we decided, why limit it to Mall of Asia only, we need to do it also in at least 87 of our shopping centers across the country,” he added.

Whether you’re a casual enthusiast or a dedicated athlete, Mr. Tan is optimistic the SM Active Hub will revolutionize fitness and sports engagement in the country.

The launch was also graced by Toby’s Toby Caludio and RunRio’s Rio dela Cruz among others and supported by Toby’s, ASICS, Sports Central, Under Armour, Power Mac Center, Hydroaid, Daily Fix, But First Coffee and Taters.

To discover a range of SM Active Hub events, interested parties are encouraged to check the SM Malls Online app where they could also earn rewards, discounts and freebies. — Joey Villar

Jayson Tatum, Celtics too much for Lakers

JAYSON TATUM had 40 points, 12 rebounds and eight assists to help the Boston Celtics extend their winning streak to four games by beating the visiting Los Angeles Lakers 111-101 on Saturday night.

It was Tatum’s fourth game with at least 40 points this season. He was 12 of 28 from the field and played 45 minutes.

Jaylen Brown added 31 points and six rebounds for the Celtics, who also received 14 points and nine rebounds from Al Horford.

Luka Doncic led the Lakers with 34 points and eight rebounds. He made 5 of 10 3-point attempts.

LeBron James had 22 points and 14 rebounds, he but missed each of his six shots from behind the 3-point line. James left the game with a groin strain in the fourth quarter and did not return. Austin Reaves (16 points) was the only other Laker who scored in double figures.

The loss ended the Lakers’ eight-game winning streak. Los Angeles is 18-4 in its last 22 games.

Los Angeles trailed by 22 points in the second half but was within four points after two Doncic free throws made it 96-92 with 5:06 to play. The Lakers failed to get any closer, however, and Boston was able to pull away after that.

Boston’s Kristaps Porzingis (illness) missed his fifth straight game. Porzingis led the Celtics with 22 points in a 117-96 loss to the host Lakers on Jan. 23.

It was 33-33 after one quarter on Saturday, but the Celtics had a 58-54 halftime lead. Tatum led all scorers in the first half with 22 points.

The Celtics scored 19 of the first 21 points in the third quarter and led 77-56 after a Jrue Holiday basket capped a 15-0 run with 5:50 left in the third. The Lakers’ first field goal in the third came with 5:28 remaining in the quarter. Boston had an 87-67 advantage entering the fourth. — Reuters

Djokovic again stunned by a lucky loser at Indian Wells

NOVAK DJOKOVIC — BNP PARIBAS OPEN

INDIAN WELLS, California — Novak Djokovic was shocked by Botic van de Zandschulp 6-2, 3-6, 6-1 in the second round of Indian Wells on Saturday as the Serbian suffered an early exit at the hands of a tournament lucky loser for a second consecutive year.

Djokovic fell to lucky loser Luca Nardi of Italy in the California desert last year and history repeated itself on Stadium One court a day after top seed Alexander Zverev also went out.

Twenty-four-time Grand Slam champion Djokovic got off to a horrid start, hitting 14 unforced errors and being broken twice in the first set. He regrouped to race out to a 3-0 lead in the second.

But giant killer Van de Zandschulp ran away with the decider, breaking Djokovic for a fourth time with a perfectly executed lob for a 3-1 lead and sealing the stunning upset.

“I started really well and then of course Novak came back,” said Van de Zandschulp, who secured a berth to the tournament upon the withdrawal of 47th ranked Facundo Diaz Acosta.

“In the end and in the third set I was happy to get my level back.”

Van de Zandschulp was up a set and 3-0 on Nick Kyrgios in his first-round match on Stadium One on Thursday before the Australian withdrew with wrist pain.

Djokovic, 37, retired from his Australian Open semi-final against Alexander Zverev with a hamstring injury and lost in the Qatar Open first round last month.

He said the leg injury was behind him coming into the tournament and did not look hampered by it in his match of Saturday, where he was accompanied by coach Andy Murray.

Djokovic’s loss led a day of upsets that included seventh seed Andrey Rublev losing 6-4 7-5 to Italy’s Matteo Arnaldi and 17th seed Felix Auger Aliassime falling to American Jenson Brooksby 6-4 6-2.

World number one Jannik Sinner is not playing at the tournament as he serves a doping suspension.

KEYS AND ALCARAZ CRUISE
Earlier, Australian Open champion Madison Keys crushed Anastasia Potapova 6-3, 6-0 in her first match as a Grand Slam champion, while Carlos Alcaraz began his bid for an Indian Wells three-peat with a 6-4, 6-2 win over Quentin Halys.

Alcaraz is looking to join tennis greats Novak Djokovic and Roger Federer as the only players to have triumphed three successive times in “Tennis Paradise.”

“I couldn’t wait to start the tournament, to get here again,” the Spaniard said on a sunsoaked Stadium One court after dispatching his French opponent.

“Outside my country, this is my favorite tournament by far. It’s a privilege.”

Alcaraz will play Canadian Denis Shapovalov in the third round.

Twelve months ago, a swarm of bees on Stadium One court stung Alcaraz and suspended play for nearly two hours during his quarter-final.

Lance Davis of Killer Bee Live Removal played the hero that day, removing the bees from a moving camera over the court without harming them and Alcaraz and Davis met at the net before Saturday’s match where they shook hands and shared a laugh.

While Alcaraz is already a four-time major champion at the age of 21, Keys had to wait a few weeks shy of her 30th birthday before finally joining that exclusive club in Melbourne and that success seems to have energised her.

Keys broke Russian Potapova’s serve for a third time to clinch the first set and rolled through the one-sided second set under sunny skies in the California desert to extend her winning streak to 13 matches.

“I’m so happy to be here,” Keys said in an interview on centre court.

“Australia was obviously an amazing moment so it’s really nice to be playing at home for my first tournament back at a place I’ve played at so many times in front of some amazing people.”

Next up for world number five Keys is a third-round meeting with either 28th seed Elise Mertens or Kimberly Birrell of Australia, who play later on Saturday.

American Taylor Fritz, who lifted the trophy here three years ago, struggled to close out Italian Matteo Gigante but ultimately prevailed 6-3, 7-5 in front of a full house on Stadium Two court.

Fritz was unable to serve out the match at 5-4 in the second set but broke back in the next game en route to the finish.

The third seed said he was being patient with himself as he was coming off an abdominal injury he suffered right after the Australian Open that kept him out of the tournament in Acapulco last month.

“There’s definitely things I could have done better in the match but overall it was a pretty solid match,” he said.

“I can’t expect to come back and play perfect tennis. I’ve been injured, so I didn’t have ideal prep coming into the tournament.”

Fritz will face 30th-seeded Chilean Alejandro Tabilo for a spot in the round of 16. — Reuters

Magic win a close one against Bucks to end skid

PAOLO BANCHERO scored 29 points and the Orlando Magic, after losing three straight games by one or two points, came away from Milwaukee a two-point winner with Saturday’s 111-109 defeat of the Bucks.

The Magic entered Saturday’s contest on a five-game losing skid, with defeats in six of the last seven. Four of those were by one possession, and Orlando could have suffered another such setback after the Bucks’ fourth-quarter rally gave them possession with 6.6 seconds remaining.

Taurean Prince and Damian Lillard trapped Cole Anthony along the sideline, forcing a turnover that gave Milwaukee the ball and Lillard a 3-point attempt at the buzzer. However, Franz Wagner got a hand in Lillard’s face to challenge the step-back attempt and the Magic survived after leading nearly wire-to-wire.

Orlando took over early in the first quarter and built a lead of as many as 17 points by the third quarter.

Milwaukee pulled to within two points midway through the final period with help from Giannis Antetokounmpo, who finished with 37 points — his 30th game with 30-plus points this season.

Banchero responded with five consecutive points. Anthony also connected on a big 3-pointer to cap his 22-point game, giving Orlando an eight-point cushion in the final two minutes.

After Lillard hit a 3-pointer for the last of his 26 points, making the deficit 109-106, Lillard rebounded a Banchero miss in the final minute. Kentavious Caldwell-Pope came up big, however, first blocking Lillard’s layup attempt and forcing the deflection off of Lillard to give Orlando possession.

Wendell Carter Jr. then slammed home a dish from Anthony, one of Anthony’s nine assists, to give Orlando a two-possession lead it would need in the closing seconds.

Caldwell-Pope finished with nine points. Anthony Black added 11 points and Wagner finished with 18. Wagner also grabbed a team-high seven rebounds and dished five assists.

Banchero pulled down six rebounds, while Anthony snared four and blocked three shots. Antetokounmpo completed a double-double with a game-high 11 rebounds in the loss, while Kyle Kuzma added 11 points and eight rebounds for the Bucks. — Reuters

Historic NBA stat

Longtime SportsCenter anchor Scott Van Pelt tried his best to sum up Nikola Jokic’s singular performance. Heck, he even had the three-time Most Valuable Player awardee on the other end of a remote broadcast following the Nuggets’ overtime victory against the Suns the other day. Yet, for all his exertions, he was nowhere near close to encapsulating his guest’s remarkable feat. To be fair, no one else could have. The 19,808 in attendance at Ball Arena — along with countless others in the comfort of their homes — proved to be too awestruck to describe with completeness the first 30-20-20 stat line in National Basketball Association history.

It was no knock on Van Pelt, to be sure. The league has been around since 1946, and has hosted a whopping 134,000 games in the last 78 years. There’s a reason not one of the 5,000 or so players in that span had managed to come up with at least 30 points, at least 20 rebounds, and at least 30 assists in a single outing prior to Jokic the other day. And as shocking as the development may have been, he was, perhaps, in prime position to hit the mark after continually flirting with the milestone as the king of advanced metrics in the modern era.

Not coincidentally, Van Pelt was likewise thwarted in a bid to inject some sense into the ridiculous numbers by Jokic himself. In typical self-deprecating fashion, he deflected any attempt to frame the match on the basis of his extraordinary — albeit seemingly effortless — play. Asked about his thoughts on the matter, he hemmed, and he hawed, and he finally said, “It was just that kind of night.” Asked if he could appreciate the gravity of his accomplishment, he hemmed again, and he hawed again, until he noted, “We have a back-to-back [set] in two days, so right now, I’m thinking of how to rest and recover.”

Simply put, Jokic won the back and forth with Van Pelt. Not for nothing is he the NBA’s biggest anomaly, dominating with smarts instead of speed, with skill before athleticism, with foresight and insight — and then, when all is said and done, content to stay on the sidelines as a reluctant megastar. All he cares about is winning, and he does exactly what is needed in the process. Make no mistake; voters who define what the term MVP is for the award can do so any number of ways. The flipside is that they can’t go wrong if they opt to just forego the banalities and hand him the Michael Jordan Trophy when the battle smoke clears.

 

Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994. He is a consultant on strategic planning, operations and human resources management, corporate communications, and business development.

MLB Results

Results from the MLB games on Saturday (home team in CAPS)

Trump team pivots to no pain, no gain as economic message

PRESIDENT Donald J. Trump during a joint session of Congress in the House Chamber of the US Capitol in Washington, DC on Tuesday. — WIN MCNAMEE/GETTY IMAGES/BLOOMBERG

PRESIDENT Donald J. Trump campaigned on a promise to cure what he said was an ailing US economy. Little more than a month into his second term, he’s starting to hint that the treatment might hurt.

The administration is still lavishing Americans with visions of a golden age to come. Yet in the course of a madcap week — which saw a flurry of tariffs and reversals, sparking a global trade war and a sharp stock-market decline — the tone changed a bit.

“There’ll be a little disturbance, but we’re OK with that,” Mr. Trump told Congress on Tuesday, defending his plans to throw up a protectionist barrier around the US with the biggest tariff increases in almost a century. By Friday, Treasury Secretary Scott Bessent was arguing that the world’s biggest economy needed some “detox” to wean it off dependence on public spending.

As Mr. Trump barrels forward with his agenda, he’s facing some cold realities that didn’t look so troublesome not long ago. Inflation won’t be easy to quell, especially as the president is determined to pile on new tariffs even as he walks back some of the early ones. Consumers and investors are getting anxious, and the economy appears vulnerable to a slowdown.

A president who once measured his performance by the stock market is now brushing aside such worries. Hours before his address to Congress, the S&P 500 index hit a post-election low as Mr. Trump’s threats of trade wars with Canada and Mexico turned into reality. It closed even lower on Friday. Treasury bonds declined on the week too, though a drop in oil prices — holding out hope for cheaper gasoline — was a brighter spot.

Mr. Trump’s message is that any short-term pain will be worth it to bring manufacturing back to the country. “I’m not even looking at the market, because long term, the United States will be very strong with what’s happening here,” he said at the White House on Thursday.

“It’s going to take an adjustment period for folks on Wall Street,” said EJ Antoni, a research fellow at the conservative Heritage Foundation. “The sky is not falling just because we implement tariffs.”

Mr.  Bessent said earlier in the week that the administration’s focus was not on Wall Street, but on main street. There, the big economic data release of the week — Friday’s jobs report — offered a mixed picture. Payrolls increased by 151,000, solid enough, but a little below estimates, while unemployment ticked up to 4.1%.

Mr. Trump, who’s empowered Elon Musk with recommending job cuts in the federal bureaucracy, pointed to higher factory employment in the February report. “The labor market’s going to be fantastic, but it’s going to have high-paying manufacturing jobs, as opposed to government jobs,” the president said.

Kevin Hassett, director of the White House’s National Economic Council, said next steps in the administration’s economic program would push the gains further. “We’ve got to pass the tax cuts and get the deregulation train rolling,” he told Bloomberg Television on Friday. “We’re going to be reducing government employment and reducing government spending, and increasing manufacturing employment.”

Still, there are plenty of signs that American industry — from small firms to giants like Ford Motor Co. — is worried about the trade war. That’s poised to escalate if trade partners retaliate, as they’re threatening to do, with their own duties that will hurt US exporters. The mounting uncertainty may not encourage hiring or investment.

Mr. Trump initially pledged tariffs on Canada, Mexico, and China in February, but then deferred the ones on the US neighbors. This week, he let the deadline pass and imposed 25% duties on Canada and Mexico, before rushing to offer exemptions, first to the auto industry and then to all trade conducted under the USMCA deal he brokered in his first term. Mr. Trump also doubled the China tariff rate to 20%.

Few industries face a bigger shift than autos, and their reprieve came after bosses from the Big Three carmakers appealed to Mr. Trump. But he only gave them a month to rearrange supply chains across North America that have been years in the making. What’s more, Mr. Trump warned further delays were unlikely, even though auto companies are about to get hammered by a wave of other measures, too.

Aides are downplaying hopes. “He really doesn’t like the word exemption,” Mr. Hassett told reporters Friday. “If I walk in and offer an exemption, then I’ll probably get kicked out of the office. We’ll see how it goes.”

Next up for the auto firms and other industries is the 25% charge on steel and aluminum that’s scheduled to begin March 12 and will rattle supply chains once again. April is when the most sweeping measures are supposed to take effect. One set is the so-called “reciprocal tariffs,” which the US will impose on all countries, at a rate deemed equivalent to their own trade barriers. The other will single out specific products, from automobiles and semiconductors to lumber and copper.

‘THE GREAT FLEECING’
Mr. Trump’s frenzied trade campaign may be distracting Americans from other policies in the pipeline that will disproportionately help the wealthy, according to Heather Boushey, who served in the Biden administration on the Council of Economic Advisers. She cited Republican efforts to renew tax cuts and reduce the workforces and spending at government agencies.

“It is pure chaos and I worry every day that the chaos is aimed to distract us from the great fleecing of America,” Ms. Boushey said. “They have a very clear plan that will require cutting support for Medicaid and other really important programs.”

Alongside spending cuts, Mr. Trump is on the hunt for new revenues to offset tax cuts, and tariffs are part of the plan. “The president believes if we can replace income tax revenue with tariff revenue, we can make everybody better off,” Mr. Hassett said.

All this sets the stage for another showdown in a month’s time that will again test appetites – among consumers, businesses and investors — for a more wide-ranging trade war.

A Harris poll taken for Bloomberg News last month found that almost 60% of US adults expect Mr. Trump’s tariffs will lead to higher prices, and that 44% believe the levies are likely to be bad for the US economy. Tariffs also have come up a record 700 times during quarterly earnings calls for S&P 500 companies, according to a Bloomberg analysis of transcripts.

One thing that could dispel some of the mounting economic angst would be lower interest rates, but Federal Reserve officials have indicated they’re not likely to move for some time. They want more confirmation that inflation is on track to come down to their 2% goal — and more time to evaluate how Mr. Trump’s policies will affect the economy.

At a New York event on Friday, Fed Chair Jerome H. Powell — who’s been careful to remain noncommittal on that topic until more hard data comes in — said the economy was basically in good shape, but acknowledged “elevated levels of uncertainty,” especially around trade.

Mr. Powell’s description of what the Fed is doing right now may resonate for many Americans, after a roller coaster week. “As we parse the incoming information,” he said, “we are focused on separating the signal from the noise.” — Bloomberg

Recession risks rising for all three North American economies over US tariff chaos

The flags of Mexico, the United States and Canada fly in Ciudad Juarez, Mexico Feb. 1, 2025. — REUTERS

RISKS to the Mexican, Canadian, and American economies are piling up amid a chaotic implementation of US tariffs that has created deep uncertainties for businesses and decision makers, according to Reuters polls of economists taken this week. 

US inflation risks, which were already rising, have worsened, leaving the Federal Reserve on the sidelines for several months at least, while for Mexico, Canada and the US, recession risks are also mounting, the surveys found.

US President Donald J. Trump’s administration has threatened 25% tariffs on imports of goods from its two neighboring trading partners and on Thursday removed them temporarily for a second time in only about six weeks of government.

This has made it nearly impossible to forecast growth, inflation and interest rates well into the future, economists say, even leaving the immediate Bank of Canada rate decision on March 12 — already likely to be nuanced — too difficult to call for some.

Seesaw tariff announcements have also unnerved Wall Street — the US benchmark S&P 500 index has given up all of its gains since Mr. Trump’s November election.

Economists at top banks and research institutions who are regular participants in Reuters surveys spoke of chaos when reached for forecasts, many expressing exasperation over Mr. Trump’s on-again-off-again approach to trade policy.

“Given this is so uncertain and that there are new announcements every hour or so, it’s kind of unclear what the environment is going to look like. It’s hard to deny the risk of a recession has intensified,” said Jonathan Millar, senior US economist at Barclays in New York. 

“People are pushing off spending and that feeds through to a drag on growth, or perhaps even declines in growth if it’s strong enough. There’s a risk both in terms of higher inflation and downside for activity.”

Until now, economists have been loath to entirely factor into their forecasts the Trump administration’s volte-face on global trade policy, and the added uncertainty over how the change is being implemented is making forecasting even more difficult.

Some are even running dual scenarios, one with tariffs and one without, but without much conviction about which is most likely.

However, nearly every economist — 70 of 74 — polled this week across Canada, the US and Mexico who answered a separate question said the risk of a recession in their respective economy had increased, suggesting the outlook had soured considerably across the continent.

The International Monetary Fund said on Thursday US tariffs, if sustained, would have a significant adverse impact on Mexico and Canada.

“Even if these tariffs are rolled back, there is real tangible impact already… It just doesn’t look like a lot of this volatility will go away anytime soon and this is obviously not healthy for sentiment,” said Claire Fan, senior economist at RBC in Toronto.

For now, economists expect the Bank of Canada to cut its overnight rate by 25 basis points on March 12.

“There are a lot of things that are currently on pause as we all are trying to figure out what’s really going to happen…, which is really why we’re more reluctant to say anything definitive right now,” said Claire Fan, senior economist at RBC in Toronto.

Citing widespread uncertainties, nearly 70% of economists have raised their 2025 inflation outlook for the world’s largest economy in the latest survey from last month.

And nearly 85% of respondents to a separate question, 42 of 50, said the risk to near-term inflation in the US has shifted towards higher prices.

Just over half — 56 of 102 economists — expect the Fed funds rate to stay at 4.25%-4.5% by mid-2025. The rest, 46, expected at least one cut by next quarter, down from more than two-thirds who predicted that in a February survey.

Although poll medians predict the Fed will lower rates twice this year, reaching 3.75%-4% by end-2025, a near-45% minority, 45 of 101, see one reduction or none.

For Mexico, the future looks murky despite the latest tariff reprieve.

“The ongoing economic slowdown, as well as the uncertainty that persists for investors as long as Donald Trump remains in office, will continue to weigh on growth in Mexico,” noted analysts at Invex, an investment firm in Mexico City. 

But there are inflation risks too, which have complicated the picture for Mexico’s central bank, known as Banxico.

“If tariffs are prolonged and inflation picks up, Banxico will be more cautious about cutting its rate. While we expect a 50-bp reduction in March, subsequent cuts would be in doubt,” said Ramon de la Rosa, economics deputy director at Actinver, another local investment firm. — Reuters