Tag #Tariffs

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forbes.com
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Trump's Tariffs Trigger Oil Price Plunge

President Trump's tariffs are impacting global stock markets and the oil industry, causing crude oil prices to fall below $60 a barrel, down $10 in a week and 25% since Trump took office; OPEC is increasing supply, and oil company ETFs have dropped 20% in the past week, although gasoline prices are ...

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44% Bias Score

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europe.chinadaily.com.cn
🌐 85% Global Worthiness
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EU Responds Cautiously to New US Tariffs, Prioritizing Negotiation

On Monday, EU trade ministers met in Luxembourg, adopting a cautious approach to new US tariffs while preparing countermeasures set to be implemented by mid-May. Despite internal divisions on the appropriate response, the EU stressed its commitment to negotiations with the US.

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36% Bias Score

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bbc.com
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Trump Tariffs Trigger Stock Market Decline, Recession Fears Rise

President Trump's new tariffs caused a sharp drop in international stock markets, raising concerns about a potential recession; however, a recession hasn't been confirmed yet.

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64% Bias Score

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abcnews.go.com
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Smoot-Hawley Tariff Act Exacerbated Great Depression

The Smoot-Hawley Tariff Act of 1930, signed by President Hoover, significantly worsened the Great Depression by raising import tariffs and provoking retaliatory measures from other countries, decreasing international trade and contracting the global economy.

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24% Bias Score

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theglobeandmail.com
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US Banks Face Earnings Pressure Amidst Tariff-Driven Market Turmoil

As U.S. banks report earnings this week, investors will focus on management commentary about the economy following President Trump's tariffs and the resulting market selloff; analysts predict banks will increase loan loss reserves by billions of dollars and curb lending due to higher risks and the l...

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56% Bias Score

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jpost.com
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Mixed Signals from US-Israel Summit: Tariffs Unresolved, Iran Talks Announced

President Trump's meeting with Prime Minister Netanyahu yielded mixed results, with continued US support for Israel's Gaza policy but uncertainty regarding 17% tariffs on Israeli goods and the announcement of direct US-Iran talks, prompting muted responses from Israeli politicians.

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44% Bias Score

Peace, Justice, and Strong Institutions
abcnews.go.com
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Trump Tariffs Trigger Market Drop, Impacting Consumers

President Trump's new tariffs triggered a significant stock market downturn, impacting consumers through job insecurity, rising costs, and financial anxiety; financial expert Bola Sokunbi advises strategic investment, debt reduction, and responsible spending to navigate this economic uncertainty.

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44% Bias Score

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bbc.com
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US Rejects Vietnam's Tariff Offer Amid Concerns About China

The US rejected Vietnam's offer to eliminate tariffs on US imports, citing concerns about non-tariff barriers and China's role. Vietnam pledged to increase US goods purchases, including defense and security products, while facing potential economic consequences from the new tariffs.

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40% Bias Score

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theguardian.com
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Wall Street Volatility Amid Trump Trade War Uncertainty

On Monday, Wall Street experienced significant volatility due to conflicting reports regarding Donald Trump's trade policies, causing initial market drops, a brief rally on a false tariff pause report, and a subsequent decline; traders expressed anxiety, comparing the situation to past crises, while...

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48% Bias Score

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sueddeutsche.de
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Global Markets Rebound After US Signals Tariff Negotiation Willingness

Following a stock market crash on Monday, Tuesday saw a global market rebound, fueled by US signals of willingness to negotiate tariffs despite China's criticism of US trade policies; however, the EU announced retaliatory tariffs, highlighting the ongoing global trade tensions.

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44% Bias Score

Reduced Inequality
theguardian.com
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Porsche Sales Slump 8% Amidst US Tariffs and European Setbacks

Porsche's first-quarter 2024 global sales fell 8% to 71,470 vehicles, driven by declines in Europe and China, despite a 37% rise in US deliveries to 20,698 units; this downturn reflects the impact of US tariffs and broader industry challenges.

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36% Bias Score

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nbcnews.com
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High Tariffs on Cambodian Goods Unlikely to Reshore Manufacturing

The Trump administration's 49% tariff on Cambodian goods, the highest rate imposed, is causing an existential crisis for Cambodian factories and workers, with no expectation of reshoring manufacturing to the U.S., as companies explore alternative locations and U.S. consumers face higher prices.

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48% Bias Score

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Showing 2,389 to 2,400 of 4,150 results