Trump, tariffs and reciprocal
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CBS News |
But many economists are taking a different view, warning that the tariffs could lead to more dire economic scenarios, including a recession or stagflation.
The Economist |
From just 2.3% in 2024, the average American tariff on imports is now expected to rise immediately to about 30%—where it was in the late 1800s.
Yahoo |
As the stock market recoiled from Pres. Donald Trump's announcement of reciprocal tariffs on what he called "Liberation Day," many average Americans feared for the cost of goods, their retirement savi...
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The CEO of Steve Jackson Games, which makes board games and card games, says that the 54 percent tariff on goods imported from China that will go into effect on April 5th is a “seismic shift” for the board game industry and that “prices are going up.”
By Sinéad Carew, Lewis Krauskopf and Amanda Cooper NEW YORK/LONDON (Reuters) -Global investors grappled on Thursday with rising chances of an economic downturn and a sprawling trade war, as they scrambled for safe-haven assets to buffer against fallout from U.
JP Morgan's chief global economist warned that Donald Trump's aggressive tariff plan increased the risk of the country falling into a recession.
White House officials have circulated internal talking points telling surrogates that President Donald Trump’s new global tariff regime should not be characterized as a starting point for negotiations, according to three people with knowledge of the matter.
The Trump administration's aggressive global tariff regime against imported goods from some of its closest allies has drawn strong reactions across the board.
Heard Island and McDonald Island, uninhabited islands near Antarctica that are an external territory of Australia, will receive universal 10% tariffs. The islands are not inhabited by humans but they are home to penguins, seals and glaciers.
3hon MSN
As President Donald Trump departed the White House on Thursday afternoon — his first time in public since announcing sweeping new tariffs that have jolted global markets and sparked recession fears — he likened the duties he imposed this week to a successful medical procedure.
Apple's Tim Cook and Meta's Mark Zuckerberg each donated to Trump's inauguration fund. Now their companies are dropping in value thanks to his new tariffs.
The administration is shutting down the “de minimis” loophole, which could affect businesses ranging from Etsy sellers to e-commerce behemoths.
Canada will match President Trump’s auto tariffs with 25% tariffs of its own on U.S. vehicles that are not compliant with the U.S.-Mexico-Canada trade pact, Prime Minister Mark Carney said on Thursday.