Tag #Economic Policy

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abcnews.go.com

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Apr 7, 10:11

States Move to Eliminate Income Taxes Amidst Economic Uncertainty

Mississippi and Kentucky are moving to eliminate income taxes, a trend among states with post-pandemic surpluses, despite risks of decreased federal funding and potential reliance on sales taxes disproportionately impacting low-income residents.

States Move to Eliminate Income Taxes Amidst Economic Uncertainty

Mississippi and Kentucky are moving to eliminate income taxes, a trend among states with post-pandemic surpluses, despite risks of decreased federal funding and potential reliance on sales taxes disproportionately impacting low-income residents.

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How does the trend of state income tax reductions relate to broader economic factors, such as post-pandemic recovery and the potential impact of reduced federal funding?

The move to zero income tax reflects a broader trend of state tax cuts amidst economic uncertainty, potentially shifting tax burdens to sales taxes that disproportionately affect low-income individuals. States like Mississippi, heavily reliant on federal funds, risk financial crises if income tax cuts coincide with reduced federal support.

lexpress.fr

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Apr 7, 19:16

Trump's Tariffs Spark Recession Fears, Republican Rift

President Trump's recently implemented universal 10% tariff on imports from 185 countries, along with higher tariffs on specific countries, is causing global market declines, threatens recession, and fuels internal Republican opposition, potentially leading to significant Democratic gains in the 202...

Trump's Tariffs Spark Recession Fears, Republican Rift

President Trump's recently implemented universal 10% tariff on imports from 185 countries, along with higher tariffs on specific countries, is causing global market declines, threatens recession, and fuels internal Republican opposition, potentially leading to significant Democratic gains in the 202...

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What are the immediate economic and political consequences of President Trump's new tariffs?

Following the implementation of sweeping tariffs by President Trump, the US is facing significant economic and political risks, with a potential recession and Democratic electoral gains looming. This directly contradicts initial expectations of a smooth Republican administration.

welt.de

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Apr 6, 07:12

Millions Protest Trump's Policies Nationwide

Massive nationwide protests erupted across the USA against President Trump and Elon Musk, fueled by concerns over government dismantling, economic policies, and democratic erosion; organizers claimed millions participated in over 1300 events.

Millions Protest Trump's Policies Nationwide

Massive nationwide protests erupted across the USA against President Trump and Elon Musk, fueled by concerns over government dismantling, economic policies, and democratic erosion; organizers claimed millions participated in over 1300 events.

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Peace, Justice, and Strong Institutions

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What are the immediate impacts of the nationwide protests against President Trump and Elon Musk?

Widespread demonstrations against Donald Trump took place across the USA, with thousands protesting in many cities. In Washington D.C., several thousand gathered near the White House, and similar large protests occurred in dozens of other cities including New York, Atlanta, Boston, Detroit, and Chicago. Organizers claimed millions participated in over 1300 events nationwide.

zeit.de

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Apr 6, 16:10

UK to Use Industrial Policy to Counter New US Tariffs

The UK government is considering using industrial policy, including deregulation and tax breaks, to protect British businesses from new US tariffs; other countries, including Italy, Taiwan, Indonesia, and India, are adopting varied responses such as negotiations and diplomatic efforts.

UK to Use Industrial Policy to Counter New US Tariffs

The UK government is considering using industrial policy, including deregulation and tax breaks, to protect British businesses from new US tariffs; other countries, including Italy, Taiwan, Indonesia, and India, are adopting varied responses such as negotiations and diplomatic efforts.

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Decent Work and Economic Growth

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What immediate actions is the UK government taking to mitigate the negative economic consequences of the new US tariffs?

The UK government is considering interventions to shield British businesses from the impact of new US tariffs. Prime Minister Keir Starmer announced plans to utilize industrial policy for economic protection, exploring options such as deregulation and tax breaks for affected sectors. This follows announcements from other countries outlining their responses to the tariffs.

us.cnn.com

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Apr 5, 10:09

Trump's Universal Tariff Sparks Global Trade War, Recession Fears

President Trump's 10% tariff on all US imports, effective Saturday, triggered a global trade war, causing market declines and economists' recession predictions; China retaliated, escalating the conflict, and further tariffs are planned.

Trump's Universal Tariff Sparks Global Trade War, Recession Fears

President Trump's 10% tariff on all US imports, effective Saturday, triggered a global trade war, causing market declines and economists' recession predictions; China retaliated, escalating the conflict, and further tariffs are planned.

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What are the immediate economic consequences of President Trump's 10% universal import tariff and how significant is its global impact?

President Trump's new 10% tariff on all imports, effective Saturday, has triggered a global trade war and widespread economic concern. Markets have reacted negatively, and economists predict a potential recession due to the highest US import tax in a century. China's retaliatory tariffs further escalated the conflict.

abcnews.go.com

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Apr 5, 22:14

Senate Passes Republican Budget Plan Amidst Democratic Opposition

The Republican-controlled Senate passed a budget plan including $7 trillion in tax cuts, increased border security, and spending cuts, despite Democratic opposition which plans to use the plan in the 2026 election cycle. The plan passed without any Democratic support and includes controversial tarif...

Senate Passes Republican Budget Plan Amidst Democratic Opposition

The Republican-controlled Senate passed a budget plan including $7 trillion in tax cuts, increased border security, and spending cuts, despite Democratic opposition which plans to use the plan in the 2026 election cycle. The plan passed without any Democratic support and includes controversial tarif...

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What are the immediate consequences of the Senate's approval of the Republican budget plan, and how does this impact the political landscape?

The Republican-controlled Senate approved a budget plan encompassing $7 trillion in tax breaks, enhanced border security measures for mass deportations, and government funding cuts. Democrats, while unable to block the plan, initiated political counter-attacks, framing the tax cuts as benefiting the wealthy and threatening social safety net programs. The plan's passage sets the stage for a prolonged political battle extending into the 2026 election cycle.

repubblica.it

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Apr 7, 07:10

Trump Conditions Trade Talks on Substantial Payments from China and EU

President Trump announced his willingness to negotiate with China and the EU on trade, but only if they make substantial financial payments to the US, citing a stalled TikTok deal due to tariffs and a need to eliminate trade deficits.

Trump Conditions Trade Talks on Substantial Payments from China and EU

President Trump announced his willingness to negotiate with China and the EU on trade, but only if they make substantial financial payments to the US, citing a stalled TikTok deal due to tariffs and a need to eliminate trade deficits.

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How do President Trump's statements regarding the failed TikTok deal and US tariffs illuminate his overall trade strategy?

Trump's statements highlight his prioritization of trade surpluses over bilateral agreements. His willingness to negotiate is conditional upon other nations addressing what he perceives as unfair trade deficits with the US, reflecting a protectionist trade policy.

t24.com.tr

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Apr 7, 13:16

Turkey's Plan to Combat Inflation and Mitigate US Tariff Impact

Turkish Treasury and Finance Minister Mehmet Şimşek announced a plan to lower inflation to single digits by 2027, aiming for 24% this year and 12% in 2025, while stating that the impact of US tariffs will be limited due to Turkey's focus on domestic demand. He also defended the government's use of r...

Turkey's Plan to Combat Inflation and Mitigate US Tariff Impact

Turkish Treasury and Finance Minister Mehmet Şimşek announced a plan to lower inflation to single digits by 2027, aiming for 24% this year and 12% in 2025, while stating that the impact of US tariffs will be limited due to Turkey's focus on domestic demand. He also defended the government's use of r...

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No Poverty

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What is the Turkish government's strategy for mitigating the impact of US tariffs and achieving its inflation targets?

Turkey's reliance on domestic demand will limit the impact of US tariffs, according to Treasury and Finance Minister Mehmet Şimşek. He stated that the recent market volatility is temporary and outlined a plan to lower inflation to single digits by 2027, targeting 24% this year and 12% in 2025.

elpais.com

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Apr 6, 10:09

Trump's Mercantilist Measures: Potential for Global Trade Conflict

The Trump administration announced mercantilist trade measures on April 2nd, including tariffs, to address the US trade deficit and bolster domestic manufacturing, potentially triggering global trade conflicts and economic uncertainty.

Trump's Mercantilist Measures: Potential for Global Trade Conflict

The Trump administration announced mercantilist trade measures on April 2nd, including tariffs, to address the US trade deficit and bolster domestic manufacturing, potentially triggering global trade conflicts and economic uncertainty.

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What are the immediate consequences of the Trump administration's April 2nd mercantilist trade measures, and how do they impact global trade relationships?

On April 2nd, the Trump administration announced mercantilist measures aimed at addressing a long-standing economic challenge: a trade deficit and the decline of US manufacturing. These measures include tariffs, potentially impacting global trade and prompting retaliatory actions from other countries.

nos.nl

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Apr 6, 22:10

Timmermans Unveils Plan for Dutch Middle Class, Facing Internal Party Debate

Frans Timmermans proposes a new Dutch welfare state prioritizing the middle class, including a €25 billion investment fund and improvements to housing, healthcare, and public transport, amidst concerns about internal party unity within the merging GroenLinks and PvdA.

Timmermans Unveils Plan for Dutch Middle Class, Facing Internal Party Debate

Frans Timmermans proposes a new Dutch welfare state prioritizing the middle class, including a €25 billion investment fund and improvements to housing, healthcare, and public transport, amidst concerns about internal party unity within the merging GroenLinks and PvdA.

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How does Timmermans's vision for a new welfare state differ from the VVD's approach, and what are the potential consequences of these differing strategies?

Timmermans's vision contrasts with the VVD's similar focus on the middle class, emphasizing the need for redistribution of knowledge, power, and income to prevent benefits solely accruing to the established interests. He proposes a €25 billion, four-year fund for infrastructure, research, and green initiatives, aiming to bolster the Dutch economy.

theguardian.com

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Apr 5, 22:14

UK Considers Economic Policy Overhaul in Response to Trump's Tariffs

Faced with Donald Trump's new tariffs, the UK government is considering raising taxes or changing fiscal rules to boost the economy, while Jaguar Land Rover has paused US shipments; global markets have reacted negatively, with the FTSE 100 dropping 7%.

UK Considers Economic Policy Overhaul in Response to Trump's Tariffs

Faced with Donald Trump's new tariffs, the UK government is considering raising taxes or changing fiscal rules to boost the economy, while Jaguar Land Rover has paused US shipments; global markets have reacted negatively, with the FTSE 100 dropping 7%.

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How are other global powers responding to Trump's tariffs, and what is the broader global economic impact?

The global economic shock caused by Trump's tariffs is forcing a policy rethink in the UK. The potential for recession and the impact on businesses like Jaguar Land Rover highlight the severity of the situation. International responses, including China's retaliatory tariffs, underscore the escalating nature of this trade war.

nytimes.com

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Apr 5, 07:18

Trump's New Tariffs: A Formula with Arbitrary Choices and Inconsistent Impacts

President Trump's new tariffs, calculated using a formula based on 2024 goods trade deficits, range from 10 percent to over 50 percent depending on the country; the formula's arbitrary choices and exclusion of services create inconsistencies and potential unfairness.

Trump's New Tariffs: A Formula with Arbitrary Choices and Inconsistent Impacts

President Trump's new tariffs, calculated using a formula based on 2024 goods trade deficits, range from 10 percent to over 50 percent depending on the country; the formula's arbitrary choices and exclusion of services create inconsistencies and potential unfairness.

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How does the exclusion of services and the use of a single-year trade deficit data affect the fairness and accuracy of the tariff calculations?

The formula's reliance on 2024 data and the exclusion of services creates inconsistencies. For example, the US had a trade surplus with Saudi Arabia in 2023 but a deficit in 2024, resulting in different tariff implications. Similarly, ignoring services significantly alters the tariff rates for countries like the European Union and Switzerland.

Showing 61 to 72 of 880 results