reciprocal
Trump reopens tariff uncertainty with threat to reimpose reciprocal tariffs within weeks Donald Trump again caused economic uncertainty as he declared that his administration would reimpose tariffs it paused on 9 April within “the next two, three weeks” where countries had not struck a deal with the US. Speaking at the White House, the US […]
In the latest switch-up in the rollercoaster of events that have followed the April 2 announcement of President Donald Trump’s “reciprocal” tariffs, the Trump Administration has said that some electronics will be exempt from these tariffs.
Live news: US stocks surge as Trump pauses ‘reciprocal’ tariffs for 90 days Financial Times Source link
New York CNN — Despite rattled financial markets, threats of retaliation and some of President Donald Trump’s biggest supporters encouraging him to back off his signature economic policy, he didn’t give in. His administration piled on heaps of new “reciprocal” tariffs Wednesday on dozens of American allies and adversaries alike . . .
Warnings about a Black Monday crash are turning out to be prescient, with a global stock market bloodbath unfolding after the Dow Jones and S&P Futures fell sharply on Sunday in the wake of last week’s meltdown over US President Donald Trump’s tariffs. On Monday, Tokyo’s Nikkei 225 index lost nearly 9 per cent shortly […]
BEIJING, CHINA – NOVEMBER 05: A view of China’s Ministry of Commerce (MOFCOM) on November 5, 2024 in Beijing, China. Visual China Group | Getty Images China’s Ministry of Commerce said Thursday it would take “resolute counter-measures” against the sweeping U.S. tariffs announced by U.S. President Donald Trump and urged Washington to cancel the unilateral […]
Tariffs raise the cost of doing business outside the United States. Yet even firms that manufacture in the United States can be affected, since many rely on foreign parts and materials as intermediate goods. Whether consumers ultimately feel the impact of those higher costs can vary by industry and product. Lots of negotiation occurs among […]
Several European leaders reacted negatively to President Trump’s tariff announcement. Italian Prime Minister Giorgia Meloni wrote on social media that she felt the tariffs were misguided and would not help either the U.S. or Italy. “We will do everything we can to work towards an agreement with the United States, with the aim of avoiding […]
Trump tariffs live updates: President makes final decision on reciprocal duties CNBC Source link
The team at Capital Economics came out with a note this morning describing some of the implications of the new auto tariffs plan Trump set into motion Wednesday evening. They state the economies of Mexico, Slovakia, and Korea have the highest exposure to the tariffs, with up to 1.6% of gross domestic product at stake. […]