Trump, liberation day and Tariffs
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The Wall Street Journal |
All U.S. imports face a baseline 10% tariff, effective Saturday.
Reuters |
President Donald Trump's move to impose sweeping tariffs on U.S. imports sparked threats of retaliation on Thursday, as companies and governments rushed to count the costs from an escalating trade wa...
Reuters |
President Donald Trump's punishing tariffs rocked global financial markets on Thursday, with the dollar and U.S. stocks tumbling as investors rushed to safe havens on fears a broadening trade war woul...
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Here's what big names in business and economics have been saying: Business Roundtable. Joshua Bolten, the CEO of Business Roundtable, an association that represents more than 200
Chinese state media took to social media to post short movies and songs generated with AI in reaction to Trump's tariffs.
President Trump finally announced his long-awaited “Liberation Day” tariff plan: a new 10% minimum tax on all goods entering the United States from overseas plus much-larger-than-expected “reciprocal” levies on imports from major trading partners such as China (34%),
Key foreign stock markets continued their slide after opening on Friday morning amid the shockwaves of President Donald Trump’s “Liberation Day” tariffs.
Leaders around the world have responded to U.S. President Donald Trump’s shocking new tariffs that threaten to upend the global economy with stern words and denunciations. But Chinese state media have offered a different approach.
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From home goods and furniture to soft toys, sneakers and athletic apparel, a slew of U.S. companies have tapped into Vietnam in recent years in an attempt to reduce their reliance on China. They’re now taking a hit after Trump hit the Southeast Asian country with a hefty 46% tariff in his “liberation day” announcement that targeted nations around the world.
For now, the only (unwilling) subjects of Trump’s “liberation” were investors, who parted with the oppressive weight of their stock returns.
He called it "Liberation Day," but President Donald Trump's Wednesday unveiling of reciprocal tariffs could cause political headwinds for his party and economic pain for his constituents if his promises to recast the economy do not work out.