Trump, tariff
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Zandi said it’s more likely U.S. officials will agree to carveouts, exceptions and subsidies to American farmers, and some countries won’t retaliate or will do so mildly.
From USA TODAY
President Trump unveiled yesterday his most expansive tariffs to date, hitting all of the U.S. trading partners except Canada and Mexico with a 10 percent tariffs.
From The New York Times
Trade experts have argued that using tariffs to raise revenue directly contradicts the goal of using tariffs to bring factories back to the United States.
From The New York Times
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Financial markets declined markedly after President Donald Trump unveiled steeper-than-expected retaliatory tariffs.
In 2021, as the US economy recovered from the pandemic, consumer prices began to creep higher. Federal Reserve officials said then that rising inflation would only be “transitory.”
The latest round of U.S. trade tariffs unveiled on Wednesday will sap yet more vigour from a world economy barely recovered from the post-pandemic inflation surge, weighed down by record debt and unnerved by geopolitical strife.
Newsweek's average of the 10 most recently published polls shows Trump's approval rating has slipped to 46 percent, while 51 percent disapprove.
Trump is holding a meeting Wednesday with key administration officials who will present a deal for TikTok to the president.
President Trump's newest tariffs sparked pledges by Canada's prime minster to 'fight' back while some said they were committed to working with partners and others look to take on Washington.
Investors in financial derivatives called U.S. inflation swaps are betting that President Donald Trump's tariffs will have a hefty short-term impact on consumer prices that will recede in the next few years as recession concerns escalate.
21hon MSN
Asian stock markets tumble at start of US president’s ‘Liberation Day’ - Donald Trump to unveil sweeping tariffs on any country that ‘treats the US unfairly’ today