Trump, Tariffs
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Donald Trump has threatened China with an additional tariff of 50% on goods imported into the US if it does not withdraw a countermeasure, as global markets tumbled for a third day.
From BBC
Wall Street executives and analysts are growing increasingly worried that escalating trade tensions could do lasting damage to the global economy.
From The New York Times
Recession fears are boosting expectations for faster interest rate cuts from big central banks -- a backdrop that typically bodes ill for banks.
From Reuters
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They could not have imagined a president would use emergency authority to bypass Congress and impose tariffs on the entire world.”
First, here's a quick summary of the tariff situation. Trump proclaimed April 2 "Liberation Day," suggesting that his tariff announcements represented economic freedom for the U.S. In early March, Trump initially spoke of tariffs on imports from Canada, China, and Mexico, then said he would announce the complete plan a month later.
President Trump just unveiled sweeping tariffs that will reverberate through the US economy, sending inflation higher and weakening economic growth.
Trump has championed his tariffs despite a historic selloff across U.S. markets, claiming his levies would bring in “billions.”
Trump has repeatedly called April 2 "Liberation Day." He is expected to enact reciprocal tariffs on major trading partners, especially those that contribute the most to the $1.2 trillion U.S. trade deficit.
President Donald Trump says “Liberation Day” is coming. On Wednesday, he plans to roll out a set of tariffs that he promises will free the United States from foreign goods.
President Donald Trump has routinely declared tariffs as one of the most beautiful words in the dictionary and has regularly accused foreign countries of ripping off the U.S.
President Donald Trump is calling Wednesday "Liberation Day," but what does it mean? What will happen on April 2? Here's what to know.
I don’t want anything to go down, but sometimes you have to take medicine to fix something,” Trump told reporters on Sunday.
President Trump unveiled his Liberation Day tariff plan, which will likely rock Vietnam and China, while U.S. workers and nations such as Japan, India will do well under the plan.
President Donald Trump is touting April 2 as the day the U.S. gets "money, and respect, back." Here's why he's calling it "Liberation Day."
2don MSN
Trump also slammed China, which retaliated against his sweeping tariff policy Friday with a new 34% tariff on U.S. goods.