Tag #Tariffs

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abcnews.go.com

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Dec 4, 04:09

Trump, Biden Oppose Nippon Steel's Acquisition of U.S. Steel

President-elect Donald Trump and President Joe Biden oppose Nippon Steel's proposed $14.9 billion acquisition of U.S. Steel, citing national security concerns; the Biden administration is reviewing the transaction, while Trump vowed to block the deal using tax incentives and tariffs.

Trump, Biden Oppose Nippon Steel's Acquisition of U.S. Steel

President-elect Donald Trump and President Joe Biden oppose Nippon Steel's proposed $14.9 billion acquisition of U.S. Steel, citing national security concerns; the Biden administration is reviewing the transaction, while Trump vowed to block the deal using tax incentives and tariffs.

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What are the immediate implications of President-elect Trump and President Biden opposing the Nippon Steel-U.S. Steel merger?

President-elect Donald Trump and President Joe Biden oppose Nippon Steel's proposed $14.9 billion acquisition of U.S. Steel, citing national security concerns and the importance of maintaining U.S. Steel as a domestically owned company. Trump vowed to block the deal, leveraging tax incentives and tariffs to strengthen U.S. Steel. Biden's administration is currently reviewing the transaction.

npr.org

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Dec 4, 07:09

Tariffs Threaten to Increase Toy Prices During Holiday Season

The toy industry is facing potential price increases due to President-elect Trump's threat to impose steep taxes on all imports from China, potentially raising the price of a $30 Tonka truck to $45 or more.

Tariffs Threaten to Increase Toy Prices During Holiday Season

The toy industry is facing potential price increases due to President-elect Trump's threat to impose steep taxes on all imports from China, potentially raising the price of a $30 Tonka truck to $45 or more.

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How will President-elect Trump's potential tariffs on Chinese-made toys impact consumer prices and holiday sales?

Toymakers are concerned about potential tariffs on Chinese imports, which could increase prices by 50% or more. This would likely reduce sales and impact consumer spending during the holiday season.

cbsnews.com

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Dec 3, 12:36

Trump Threatens 100% Tariffs on BRICS Nations Over Alternative Currency

President-elect Donald Trump threatened 100% tariffs on nine nations—Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the UAE—if they create or back a currency to replace the U.S. dollar, escalating trade tensions and potentially impacting global markets and consumer prices.

Trump Threatens 100% Tariffs on BRICS Nations Over Alternative Currency

President-elect Donald Trump threatened 100% tariffs on nine nations—Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the UAE—if they create or back a currency to replace the U.S. dollar, escalating trade tensions and potentially impacting global markets and consumer prices.

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What are the immediate economic and geopolitical implications of Trump's tariff threat?

Donald Trump threatened 100% tariffs on nine nations if they create or support a currency to rival the U.S. dollar. This follows prior threats of tariffs on Canada, Mexico, and China regarding immigration. The targeted nations include Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the UAE.

elpais.com

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Dec 2, 10:38

US Businesses Brace for Tariffs, Cancel Bonuses

The day after Donald Trump's re-election, a Pennsylvania company cancelled its Christmas bonus to fund increased inventory due to anticipated tariffs on imports from China, Mexico, and Canada, highlighting widespread economic concerns among businesses and consumers.

US Businesses Brace for Tariffs, Cancel Bonuses

The day after Donald Trump's re-election, a Pennsylvania company cancelled its Christmas bonus to fund increased inventory due to anticipated tariffs on imports from China, Mexico, and Canada, highlighting widespread economic concerns among businesses and consumers.

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What is the immediate economic impact of the anticipated tariffs on businesses and consumers in the US?

Following the election of Donald Trump, a Pennsylvania company announced the cancellation of its Christmas bonus due to anticipated tariffs on goods from China, Mexico, and Canada. This preemptive measure reflects the significant impact of potential trade policies on businesses and employees. The increased cost of goods is expected to affect consumer prices.

theglobeandmail.com

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Dec 2, 13:34

Trump Re-election: Market Reaction Muted Compared to 2016

Following Donald Trump's 2024 re-election, the US dollar strengthened and Treasury yields rose slightly, similar to 2016, but the effect was less pronounced; unlike 2016, the current restrictive monetary policy and proposed deflationary measures suggest a potentially less robust market performance.

Trump Re-election: Market Reaction Muted Compared to 2016

Following Donald Trump's 2024 re-election, the US dollar strengthened and Treasury yields rose slightly, similar to 2016, but the effect was less pronounced; unlike 2016, the current restrictive monetary policy and proposed deflationary measures suggest a potentially less robust market performance.

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Will the 2024 post-election market performance mirror the 2016 rally, considering the differing macroeconomic conditions?

Following Donald Trump's 2024 election, initial market reactions mirrored the 2016 pattern: the US dollar strengthened, and the 10-year Treasury yield rose slightly. However, unlike 2016, this effect was muted, with many sectors showing limited gains and some already experiencing a downturn.

dailymail.co.uk

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Dec 2, 23:43

Stoli Group Files for Bankruptcy Amidst Legal Battles and Cyberattack

Stoli Group USA, facing financial difficulties from a cyberattack, a costly legal battle with Russia, and decreased post-pandemic alcohol demand, filed for Chapter 11 bankruptcy, though it assures consumers that product availability will remain unaffected.

Stoli Group Files for Bankruptcy Amidst Legal Battles and Cyberattack

Stoli Group USA, facing financial difficulties from a cyberattack, a costly legal battle with Russia, and decreased post-pandemic alcohol demand, filed for Chapter 11 bankruptcy, though it assures consumers that product availability will remain unaffected.

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What are the primary causes of Stoli Group USA's bankruptcy filing?

Stoli Group USA, the maker of Stoli vodka and Kentucky Owl bourbon, filed for Chapter 11 bankruptcy. The company cited financial difficulties stemming from a cyberattack and a costly legal battle with the Russian government. American consumers can still purchase their products.

abcnews.go.com

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Dec 4, 04:09

Trump Tariffs to Hike Prices for Small Businesses and Consumers

President-elect Trump's proposed tariffs—a 25% tax on goods from Canada and Mexico and a 10% tax on Chinese goods—will increase costs for small businesses, potentially forcing them to raise consumer prices, impacting businesses like Daily Crunch and Healthy Crunch who import materials and operate on...

Trump Tariffs to Hike Prices for Small Businesses and Consumers

President-elect Trump's proposed tariffs—a 25% tax on goods from Canada and Mexico and a 10% tax on Chinese goods—will increase costs for small businesses, potentially forcing them to raise consumer prices, impacting businesses like Daily Crunch and Healthy Crunch who import materials and operate on...

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What are the potential long-term implications of these tariffs for small businesses, consumers, and the overall economic landscape?

The long-term effects of these tariffs remain uncertain, but could lead to reduced consumer purchasing power, impacting the overall economy. Small businesses, often operating on thin margins, will be particularly vulnerable to these price increases, potentially leading to business closures or reduced innovation and competitiveness. The impact on consumers will be felt most acutely in markets with limited or specialized products.

kathimerini.gr

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Dec 4, 22:10

Trump's Economic Legacy: High Debt, Higher Prices

The Trump administration's economic policies, including the Tax Cuts and Jobs Act and significant tariffs, resulted in an $8.4 trillion increase in national debt and negatively impacted American consumers and businesses, according to multiple studies.

Trump's Economic Legacy: High Debt, Higher Prices

The Trump administration's economic policies, including the Tax Cuts and Jobs Act and significant tariffs, resulted in an $8.4 trillion increase in national debt and negatively impacted American consumers and businesses, according to multiple studies.

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How did the Tax Cuts and Jobs Act (TCJA) and the imposition of tariffs affect the US national debt and consumer prices?

Trumponomics, while showing initial economic growth before the pandemic, ultimately resulted in higher costs for American consumers and businesses due to retaliatory tariffs. Studies from the Tax Foundation and Brookings Institution indicate that tariffs cost American households nearly $625 annually and reduced overall GDP.

bbc.com

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Dec 2, 10:10

Trump Threatens 100% Tariffs on BRICS Over Potential Common Currency

President-elect Donald Trump threatened 100% tariffs on BRICS nations if they create a common currency to replace the US dollar, escalating trade tensions and potentially impacting global financial markets.

Trump Threatens 100% Tariffs on BRICS Over Potential Common Currency

President-elect Donald Trump threatened 100% tariffs on BRICS nations if they create a common currency to replace the US dollar, escalating trade tensions and potentially impacting global financial markets.

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How might internal disagreements within the BRICS group affect the development of a common currency and Trump's response?

Trump's threat targets BRICS, a group of emerging economies including Brazil, Russia, China, India, South Africa, and others. High-level politicians in Brazil and Russia have proposed a common BRICS currency to reduce US dollar dominance. Internal disagreements within BRICS are slowing progress on this initiative.

cnn.com

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Dec 2, 13:10

Trump's Tariffs Could Hike Consumer Goods Prices by 20-40%

President-elect Trump's planned tariff increases on imports from China, Mexico, and Canada could significantly raise consumer prices on electronics, household appliances, and toys by an average of 20-40%, according to analyses by the Consumer Technology Association and the National Retail Federation...

Trump's Tariffs Could Hike Consumer Goods Prices by 20-40%

President-elect Trump's planned tariff increases on imports from China, Mexico, and Canada could significantly raise consumer prices on electronics, household appliances, and toys by an average of 20-40%, according to analyses by the Consumer Technology Association and the National Retail Federation...

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How might businesses and consumers respond to the anticipated tariff increases?

These potential tariff increases would disproportionately impact consumer electronics and household goods, many of which are heavily reliant on Chinese manufacturing. The price increases are projected based on analyses by the Consumer Technology Association and the National Retail Federation, and assume retailers fully pass on increased costs to consumers. Shifting production to other countries is possible but would likely lead to further price hikes.

cnbc.com

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Dec 2, 17:28

Goldman Sachs Predicts 20%+ Gains for US Steel Producers

Goldman Sachs forecasts a 20%+ gain for U.S. steel producers Nucor, Commercial Metals, and Cleveland-Cliffs in the next 12 months due to anticipated favorable trade policies, steady demand, lower interest rates, and fiscal stimulus, despite concerns over global oversupply.

Goldman Sachs Predicts 20%+ Gains for US Steel Producers

Goldman Sachs forecasts a 20%+ gain for U.S. steel producers Nucor, Commercial Metals, and Cleveland-Cliffs in the next 12 months due to anticipated favorable trade policies, steady demand, lower interest rates, and fiscal stimulus, despite concerns over global oversupply.

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What risks or uncertainties could undermine the positive forecast for the U.S. steel industry?

The potential for increased U.S. construction and infrastructure spending, coupled with cost reduction and value-enhancing projects, further strengthens the positive outlook for Cleveland-Cliffs. However, the significant year-to-date underperformance of Nucor (-11%) and Cleveland-Cliffs (-39%) suggests market skepticism that may not fully reflect the analyst's bullish predictions. Sustained growth will depend on the actual implementation and effectiveness of the projected trade policies.

cnnespanol.cnn.com

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Dec 1, 16:34

Trump Threatens 100% Tariffs on BRICS Nations Over Potential New Currency

President-elect Donald Trump threatened 100% tariffs against BRICS nations—including Brazil, Russia, India, China, South Africa, and several new members—if they create a new currency to rival the US dollar, escalating trade tensions and geopolitical competition.

Trump Threatens 100% Tariffs on BRICS Nations Over Potential New Currency

President-elect Donald Trump threatened 100% tariffs against BRICS nations—including Brazil, Russia, India, China, South Africa, and several new members—if they create a new currency to rival the US dollar, escalating trade tensions and geopolitical competition.

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How will Trump's tariff threat impact global trade and the potential development of a new BRICS currency?

Donald Trump threatened 100% tariffs on BRICS nations if they create a new currency to challenge the US dollar. This directly impacts international trade and the global financial system, potentially escalating economic tensions.

Showing 2,149 to 2,160 of 2,227 results