Tag #Tariffs

edition.cnn.com
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Trans Woman's Struggle Highlights US Economic Hardship

Chiugo Akujuobi, a 26-year-old trans woman, survives on food pantries and friends' help after fleeing transphobic abuse in Houston; their financial struggles exemplify the difficulties faced by low-income Americans amidst persistent inflation and the potential impact of new tariffs.

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24% Bias Score

No Poverty
theglobeandmail.com
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Loonie Falls Below 70 Cents Amidst US Dollar Strength and Tariff Threats

The Canadian dollar fell below 70 US cents due to US Federal Reserve actions, US tariff threats against Canada, and Canadian political instability; analysts predict continued weakness unless US dollar weakens or tariffs fail to materialize.

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44% Bias Score

Decent Work and Economic Growth
npr.org
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Trump's Tariff Shift: A Break from Republican Free Trade Orthodoxy

President-elect Donald Trump's advocacy for tariffs, ranging from 20% to 60% on goods from various countries, signifies a stark departure from the Republican Party's historical pro-free trade stance, potentially impacting consumer prices and international trade relations.

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40% Bias Score

Decent Work and Economic Growth
npr.org
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Trump's Protectionist Stance Reshapes Republican Trade Policy

President-elect Trump's embrace of tariffs signals a significant departure from the Republican Party's historical pro-free trade stance, potentially leading to higher prices for consumers and a more protectionist economic policy.

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40% Bias Score

Decent Work and Economic Growth
forbes.com
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Government Shutdown, Inflation Report Trigger Stock Market Decline

On December 20, 2024, stock futures fell, led by a 1% drop in Nasdaq-100 futures, due to a potential US government shutdown and an upcoming inflation report. Concerns include economic consequences of the shutdown and the impact of higher inflation on Federal Reserve policy.

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56% Bias Score

Reduced Inequality
theglobeandmail.com
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Freeland's Rebuke of Trump's Tariffs Strains US-Canada Relations

In June 2018, Canadian Foreign Affairs Minister Chrystia Freeland criticized US tariffs on Canadian steel and aluminum in a Washington speech, publicly rebuking President Trump's protectionist policies and straining US-Canada relations during NAFTA negotiations, causing friction with the Trump admin...

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44% Bias Score

Reduced Inequality
theglobeandmail.com
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Inflation, Stock Market Bubbles, and the Potential Impact of Trump on the Canadian Economy

Despite a 30 percent cost-of-living increase in Canada due to inflation, global debt has decreased by over 30 percentage points since early 2021; however, stock market bubbles, while risky, can fuel innovation; and potential US tariffs on Canadian oil are unlikely, offering Canada an opportunity to ...

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48% Bias Score

Reduced Inequality
politico.eu
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Trump Threatens EU with Tariffs Over Energy Purchases

President-elect Trump threatened the European Union with tariffs on Friday unless it significantly increases purchases of American oil and gas, escalating trade tensions following his first term's imposition of tariffs on steel and aluminum. The EU exported $576.3 billion worth of goods to the U.S. ...

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60% Bias Score

Decent Work and Economic Growth
edition.cnn.com
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Trump Threatens EU Tariffs Over Energy Trade

President-elect Donald Trump threatened on Thursday to impose tariffs on the European Union unless they significantly increase purchases of American oil and gas to reduce the trade deficit; European stocks fell sharply in response.

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48% Bias Score

Responsible Consumption and Production
lefigaro.fr
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Trump Threatens EU with Tariffs Over Trade Deficit

Donald Trump threatened the European Union with tariffs on goods unless it significantly reduces its trade deficit with the United States by increasing purchases of American oil and gas; the US had a $202.5 billion trade deficit with the EU in 2022.

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52% Bias Score

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dailymail.co.uk
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Retail Giants Warn of Price Hikes Due to Trump Tariffs

Costco and Best Buy executives warn of potential price hikes in 2024 due to President Trump's proposed tariffs on imported goods from China and Mexico, impacting various consumer products and potentially slowing economic growth.

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40% Bias Score

Reduced Inequality
forbes.com
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Fed Rate Cut Triggers Biotech Market Downturn

The Federal Reserve's interest rate cut negatively impacted the stock market, particularly biotech, due to concerns over persistent inflation and fewer expected rate cuts in 2025, potentially hindering innovation and patient access to new treatments.

Progress

48% Bias Score

Decent Work and Economic Growth