Trump, Liberation Day and tariffs
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CBS News |
If the tariffs are maintained by the Trump administration and if other nations impose retaliatory tariffs, both the U.S. and other countries "will suffer serious recessions," said Mark Zandi, chief e...
The Washington Post |
Wednesday was “Liberation Day,” the start of a multifront trade war President Donald Trump is waging against nearly all of our trading partners.
The Atlantic |
His plan, if fully implemented, will return the United States to the highest tariff duty as a share of the economy since the late 1800s, before the invention of the automobile, aspirin, and the incan...
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China, Trump and tariff
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Washington Examiner |
The White House had finalized a TikTok divestment deal earlier this week before President Donald Trump’s “Liberation Day” tariff rollout flipped the Chinese government’s position on the issue, the Was...
Yahoo |
US President Donald Trump's new sweeping global tariffs came into effect on Saturday.
Yahoo |
The early reviews have been worrisome. Financial markets had their worst week since the onset of the COVID-19 pandemic, foreign trade partners retaliated and economists warned that the import taxes m...
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Mr. Trump insists that these actions are his way of standing up for farmers and ranchers. Other nations such as Japan, China and India have charged higher tariffs than the U.S. for importing American farm goods.
Mega-cap tech stocks led the rout, with Apple posting its worst two-day drop since March 2020. Financial stocks also suffered steep losses.
Analysts at Wedbush Securities and Goldman Sachs as well as top economist Larry Summers predicted much economic pain ahead.
All U.S. imports face a baseline 10% tariff, effective Saturday. + Higher rates will apply to partners judged "bad actors" on trade. For example, Japan faces a 24% duty and the European Union faces a 20% levy,
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Trump’s tariffs are a non-strategic, “broadly inflationary” tantrum backed by clearly contradictory rationales, according to trade expert Todd Tucker.
President Donald Trump revealed his tariff plans as part of a "Liberation Day" ceremony at the White House. Uncertainty over tariffs has roiled financial markets in recent weeks.
President Donald Trump’s slew of “Liberation Day” tariffs announced Wednesday has investors worrying his protectionist politics could plunge the United States, and the world, into a recession. The stock market plunged on Thursday,
What's going on with tariffs? Trump announced a 10% baseline tariff on all imports plus "reciprocal tariffs" on imports from more than 180 countries April 2, which he dubbed "Libe