Tag #Tariffs

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nbcnews.com

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Feb 25, 22:12

Consumer Confidence Plunges to Lowest Level Since June 2024 Amid Inflation and Tariff Fears

Consumer confidence fell to 98.3 in February, down 7 points from January and the lowest since June 2024, driven by rising inflation (6%) and concerns over President Trump's potential new tariffs on Canada and Mexico.

Consumer Confidence Plunges to Lowest Level Since June 2024 Amid Inflation and Tariff Fears

Consumer confidence fell to 98.3 in February, down 7 points from January and the lowest since June 2024, driven by rising inflation (6%) and concerns over President Trump's potential new tariffs on Canada and Mexico.

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What is the primary cause for the significant drop in consumer confidence in February, and what are its immediate economic consequences?

Consumer confidence plummeted to 98.3 in February, the lowest since June 2024, primarily due to rising inflation (6%, up from 5.2%) and anxieties about potential tariffs. This 7-point drop, exceeding Dow Jones' prediction of 102.3, signifies a significant economic shift.

welt.de

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Feb 24, 19:09

Apple Announces $500 Billion US Investment Amidst Trade Tensions

Apple announced a $500 billion investment in the US over four years, creating 20,000 jobs and producing AI servers in Texas, in response to potential import tariffs announced by President Trump.

Apple Announces $500 Billion US Investment Amidst Trade Tensions

Apple announced a $500 billion investment in the US over four years, creating 20,000 jobs and producing AI servers in Texas, in response to potential import tariffs announced by President Trump.

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What is the immediate impact of Apple's new US investment announcement on employment and US-China trade relations?

In response to potential import tariffs, Apple announced a $500 billion investment in the US over four years, creating 20,000 jobs and partnering to produce AI servers in Texas. This follows President Trump's earlier announcement of tariffs on Chinese goods, which could affect iPhones. Trump has a history of offering tariff relief in exchange for US investment.",

theguardian.com

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Feb 23, 07:07

Australian Superannuation Industry Lobbying for US Tariff Exemption

Australia's $2.8 trillion superannuation industry is lobbying the US for an exemption from steel and aluminum tariffs, sending a delegation to meet with US officials and highlighting significant investments in the US economy, with Treasurer Jim Chalmers also lobbying for the exemption.

Australian Superannuation Industry Lobbying for US Tariff Exemption

Australia's $2.8 trillion superannuation industry is lobbying the US for an exemption from steel and aluminum tariffs, sending a delegation to meet with US officials and highlighting significant investments in the US economy, with Treasurer Jim Chalmers also lobbying for the exemption.

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What is the primary objective of the Australian superannuation industry's delegation to the US, and what are the potential immediate consequences of their actions?

Australia's $2.8 trillion superannuation industry is lobbying the Trump administration for an exemption from steel and aluminum tariffs. A delegation of major Australian funds will meet with US officials to highlight their significant investments in the US economy and plans for further investment. Treasurer Jim Chalmers will also meet with US Treasury Secretary Scott Bessent to discuss the issue.

theguardian.com

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Feb 22, 01:09

US Stocks Tumble on Weak Data, Tariff Threats

US stocks plummeted on Friday, marking the S&P 500's steepest daily drop since December 18th, fueled by weak economic data, disappointing corporate guidance from Walmart, and President Trump's announcement of new tariffs on lumber and other products. The Dow fell 748.63 points (1.69%), the S&P 500 d...

US Stocks Tumble on Weak Data, Tariff Threats

US stocks plummeted on Friday, marking the S&P 500's steepest daily drop since December 18th, fueled by weak economic data, disappointing corporate guidance from Walmart, and President Trump's announcement of new tariffs on lumber and other products. The Dow fell 748.63 points (1.69%), the S&P 500 d...

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What triggered Friday's sharp decline in US stock markets, and what are the immediate consequences?

US stocks experienced a significant downturn on Friday, extending losses following weak economic reports and renewed tariff threats. The S&P 500 saw its largest single-day percentage drop since December 18th, while the Dow Jones Industrial Average fell 748.63 points (1.69%). This follows Walmart's disappointing guidance, indicating weakening consumer demand.

nbcnews.com

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Feb 22, 01:09

U.S. Stocks Plunge on Weak Data and Policy Fears

U.S. stocks plummeted on Friday, January 26, 2024, due to weak economic data, including a drop in consumer sentiment and existing home sales, and fears over potential policy changes from the Trump administration. The Dow fell 748 points (1.7%), S&P 500 1.7%, and Nasdaq over 2%.

U.S. Stocks Plunge on Weak Data and Policy Fears

U.S. stocks plummeted on Friday, January 26, 2024, due to weak economic data, including a drop in consumer sentiment and existing home sales, and fears over potential policy changes from the Trump administration. The Dow fell 748 points (1.7%), S&P 500 1.7%, and Nasdaq over 2%.

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What triggered Friday's sharp decline in U.S. stock markets, and what are the immediate consequences?

U.S. stocks experienced significant losses on Friday, with the Dow Jones Industrial Average falling 1.7% (748 points) and the S&P 500 and Nasdaq also declining. This drop followed weaker-than-expected economic data, including a decline in consumer sentiment and existing home sales, fueling investor concerns about a slowing economy and persistent inflation.

french.china.org.cn

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Feb 22, 10:06

Trump Rejects Global Tax Deal, Imposes Retaliatory Tariffs on Digital Taxes

President Trump announced retaliatory tariffs against countries imposing digital taxes on US tech companies, citing annual losses exceeding $2 billion for American businesses and overruling a previous international agreement.

Trump Rejects Global Tax Deal, Imposes Retaliatory Tariffs on Digital Taxes

President Trump announced retaliatory tariffs against countries imposing digital taxes on US tech companies, citing annual losses exceeding $2 billion for American businesses and overruling a previous international agreement.

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What are the immediate economic consequences of President Trump's decision to impose retaliatory tariffs on countries with digital services taxes?

President Trump announced retaliatory tariffs on countries imposing digital taxes on US tech giants, stating that other countries' digital tax practices are "terrible." The White House estimates these taxes cost US companies over $2 billion annually, with Canada and France collecting over $500 million each.

us.cnn.com

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Feb 24, 16:08

Trump's Oil Policy: A Mismatch Between Production and Refineries

President Trump's energy policy prioritizing domestic oil use is challenged by the fact that the US produces mostly light crude oil while its refineries are designed for heavier crude, mainly imported from Canada; a proposed 10% tariff on Canadian oil could disrupt the system, increasing gas prices.

Trump's Oil Policy: A Mismatch Between Production and Refineries

President Trump's energy policy prioritizing domestic oil use is challenged by the fact that the US produces mostly light crude oil while its refineries are designed for heavier crude, mainly imported from Canada; a proposed 10% tariff on Canadian oil could disrupt the system, increasing gas prices.

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Affordable and Clean Energy

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What are the immediate consequences of a US policy prioritizing solely domestic light crude oil for domestic consumption?

The US produces significant light crude oil (80%), exporting 13 million barrels daily, while importing 6.5 million barrels of heavier crude, primarily from Canada. This mismatch between domestic production and refining capabilities makes Trump's "Drill, baby, drill" policy unrealistic.

us.cnn.com

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Feb 24, 22:09

Trump's Tariffs Exacerbate US Inflation, Threatening Economic Stability

Rising inflation in the US, driven by increased egg and fuel prices, is worsened by President Trump's tariff policies which are causing decreased consumer confidence and impacting consumer spending; further tariffs are planned that could exacerbate the problem.

Trump's Tariffs Exacerbate US Inflation, Threatening Economic Stability

Rising inflation in the US, driven by increased egg and fuel prices, is worsened by President Trump's tariff policies which are causing decreased consumer confidence and impacting consumer spending; further tariffs are planned that could exacerbate the problem.

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What are the immediate economic consequences of President Trump's tariff policies on US inflation and consumer confidence?

Inflation in the US is accelerating again, driven by rising egg and fuel prices, despite previous improvements. President Trump, who campaigned on lowering prices, has instead implemented tariffs that increase costs for consumers, fueling public concern and eroding confidence in his economic plan.

elpais.com

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Feb 22, 10:06

Trump Threatens EU, UK with Tariffs Over Content Moderation and Digital Taxes

Donald Trump's administration threatened the EU and UK with tariffs for content moderation policies and digital services taxes (DST), citing concerns about restrictions on US tech companies and accusing European nations of violating US sovereignty.

Trump Threatens EU, UK with Tariffs Over Content Moderation and Digital Taxes

Donald Trump's administration threatened the EU and UK with tariffs for content moderation policies and digital services taxes (DST), citing concerns about restrictions on US tech companies and accusing European nations of violating US sovereignty.

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What are the immediate consequences of Trump's tariff threats against the EU and UK for content moderation policies?

Donald Trump's administration is threatening the EU and UK with tariffs for their content moderation policies, citing concerns about restrictions on American tech companies like X and Facebook. This follows accusations from US Vice President J.D. Vance that Europe is suppressing free speech by combating disinformation.

forbes.com

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Feb 22, 01:09

Market Downturn Fueled by Walmart Warning, Tariff Fears

This week's stock market experienced a downturn, primarily caused by Walmart's warning about tariffs impacting retail stocks and spilling over to other sectors. The XRT ETF fell below crucial support; major indices are sideways, while mid- and small-cap indices lag behind post-election levels; Fed p...

Market Downturn Fueled by Walmart Warning, Tariff Fears

This week's stock market experienced a downturn, primarily caused by Walmart's warning about tariffs impacting retail stocks and spilling over to other sectors. The XRT ETF fell below crucial support; major indices are sideways, while mid- and small-cap indices lag behind post-election levels; Fed p...

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What were the primary catalysts for this week's market decline, and what are the immediate consequences for investors?

The week's market downturn was primarily triggered by Walmart's earnings warning concerning tariffs, impacting retail stocks and spilling over into other sectors. The XRT, a key retail ETF, fell below crucial support, indicating further declines. This downturn follows a period of sideways movement in major indices, contrasting with weaker performance in mid- and small-cap indices.

theglobeandmail.com

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Feb 22, 04:07

Trump's Tariff Threats Intensify U.S.-Canada Trade Tensions

Canadian premiers Doug Ford and Tim Houston met with U.S. governors to address President Trump's threat of imposing tariffs on Canadian imports by March 4, paused temporarily after Canada agreed to enhanced border security measures; Trump also considers Canada's digital services tax a trade irritant...

Trump's Tariff Threats Intensify U.S.-Canada Trade Tensions

Canadian premiers Doug Ford and Tim Houston met with U.S. governors to address President Trump's threat of imposing tariffs on Canadian imports by March 4, paused temporarily after Canada agreed to enhanced border security measures; Trump also considers Canada's digital services tax a trade irritant...

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What are the underlying causes of the trade dispute, and how do these factors contribute to the broader context of U.S.-Canada relations?

The current trade dispute stems from President Trump's assertion of unfair trade practices by Canada, despite Canada having a small trade deficit with the U.S. This, coupled with Canada's digital services tax, is viewed by the U.S. as a trade irritant and is prompting retaliatory measures. The threat of tariffs targets key Canadian exports while Canada threatens reciprocal tariffs on American goods like bourbon and orange juice.

theglobeandmail.com

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Feb 22, 16:13

BC Ferries Seeks Urgent Approval for $1B+ Shipbuilding Contract Amidst Tariff Uncertainty

BC Ferries seeks urgent approval for a $1-billion shipbuilding contract to replace its aging fleet, citing concerns about the impact of looming US tariffs on global markets and the need to maintain reliable service for passengers and commercial traffic vital to B.C.'s supply chains.

BC Ferries Seeks Urgent Approval for $1B+ Shipbuilding Contract Amidst Tariff Uncertainty

BC Ferries seeks urgent approval for a $1-billion shipbuilding contract to replace its aging fleet, citing concerns about the impact of looming US tariffs on global markets and the need to maintain reliable service for passengers and commercial traffic vital to B.C.'s supply chains.

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Industry, Innovation, and Infrastructure

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What are the immediate economic implications for BC Ferries and British Columbia if the $1B+ shipbuilding contract is not approved?

Facing potential price increases due to US tariffs, BC Ferries, one of the world's largest ferry systems, seeks urgent approval for a $1B+ shipbuilding contract to replace its aging fleet. The project aims to address current capacity issues and prevent further delays impacting both passengers and commercial traffic, crucial to B.C.'s supply chains. A decision is expected by March 14th.

Showing 2,581 to 2,592 of 3,430 results