Trump, tariffs and Recession
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Should other countries respond to Trump's tariff hikes by raising duties of their own, an escalating conflict could evolve into a t
From CNBC
President Donald Trump said on Wednesday he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of the country's biggest trading partners, a move that coul...
From U.S. News & World Report
Economists’ estimates have been far more grim, with most predicting that the president’s sweeping tariffs and likely retaliation will slow U.S. economic growth, push up costs for consumers and make l...
From The New York Times
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43mon MSN
Asian shares slid further Friday after U.S. President Donald Trump’s tariffs sent shudders through financial markets at a level of shock unseen since the COVID-19 pummeled world markets in 2020. Trump announced a minimum tariff of 10% on global imports,
Key Takeaways Economists say President Donald Trump's Wednesday announcement of broad-based tariffs on trading partners worldwide will likely push up inflation and increase the chances of a recession.
16hon MSN
President Donald Trump has announced far-reaching new tariffs on nearly all U.S. trading partners — including a 34% tax on imports from China and 20% on the European Union, among others.
President Donald Trump's widespread tariffs could put the U.S. economy "perilously close to slipping into recession" by driving up inflation and hurting consumer spending, JP Morgan's chief economist Michael Feroli has said in a note.
34mon MSN
Financial markets around the world are reeling following President Donald Trump’s latest and most severe volley of tariffs, and the U.S. stock market may be taking the worst of it. The S&P 500 was down 3.3% in early trading Thursday, more than the losses seen in other major markets.
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.”
Economists say the "direct" impact of US President Donald Trump's new tariff regime on Australia's economy will be small, but the "indirect" impact could be a problem for Australia, depending on how the tariffs disrupt trading patterns and damage global growth.
Trump's plan, introduced this week, proposes a 10 percent baseline global tariff on imported goods, with higher rates for specific countries.