Tag #Tariffs

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abcnews.go.com
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Trump's April 2nd Tariffs: Economic Impact and Recession Fears

President Trump plans to impose new tariffs on April 2nd, targeting countries with major trade imbalances with the U.S., potentially raising prices for imported goods and slowing economic growth; the plan, however, is expected to be narrower than initially suggested.

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theglobeandmail.com
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Trade War Uncertainty Shakes Canadian Election in Nova Scotia

US and Chinese tariffs on seafood are creating uncertainty and anxiety for fishermen and businesses in rural Northern Nova Scotia, impacting the upcoming federal election in the Cape Breton-Canso-Antigonish riding, where voters are weighing economic concerns against national political dynamics.

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us.cnn.com
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Summers Rejects Bessent's Claim on China Tariff Impact

Former Treasury Secretary Larry Summers criticized current Secretary Scott Bessent's claim that China would bear the brunt of new US tariffs, citing a 38% increase in US steel prices since the start of Trump's second term as evidence that contradicts Bessent's claim; a White House official countered...

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edition.cnn.com
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Hyundai Announces $20 Billion US Investment

Hyundai announced a $20 billion investment in the US, including a $5.8 billion steel plant in Louisiana creating 1,400 jobs, driven by President Trump's protectionist policies and announced at the White House.

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elpais.com
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US Announces Discretionary Tariffs on Venezuelan Oil Imports

The US announced potential 25% tariffs on goods from countries importing Venezuelan oil starting April 2, 2025; Secretary of State Marco Rubio will decide which countries face tariffs, offering flexibility and pressure; Chevron's operations in Venezuela were extended until May 27, 2024.

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it.euronews.com
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Trump Announces Tariffs on Countries Buying Venezuelan Oil

President Trump announced that countries buying oil from Venezuela will face tariffs on all US trade starting April 2nd, impacting major importers like China and potentially escalating trade tensions.

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forbes.com
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Trump May Announce New Auto Tariffs, Escalating Trade War

White House Press Secretary Karoline Leavitt announced that President Trump may announce new tariffs on auto imports on Wednesday afternoon, potentially escalating the trade war with other countries ahead of the April 2 "Liberation Day" reciprocal tariffs.

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theglobeandmail.com
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U.S. Investment Banks Cut Jobs Amidst Dealmaking Slowdown

U.S. investment banks are cutting jobs due to a decline in global investment banking fees (down 6.3% to $16.83 billion in Q1 2025) caused by President Trump's tariffs and economic uncertainty; Goldman Sachs and Morgan Stanley are among the banks planning layoffs.

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nbcnews.com
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US Recession Probability at 43%, Stagflation Concerns Rise

A Deutsche Bank survey indicates a 43% probability of a US recession within the next year, fueled by growing business and consumer concerns despite low unemployment; experts express worries about potential stagflation.

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dailymail.co.uk
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FedEx Cuts Forecast Amidst Broader Economic Uncertainty

FedEx slashed its earnings forecast due to macroeconomic concerns, reflecting broader executive unease about fluctuating U.S. trade policies and their impact on consumer spending and investment, with similar warnings issued by Walmart, JP Morgan Chase, and BlackRock.

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cincodias.elpais.com
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Wall Street Rebounds on Reports of More Targeted Trump Tariffs

Following weeks of market downturn due to Trump's tariff announcements, Wall Street rebounded sharply on Monday (Dow Jones +1.42%, S&P 500 +1.76%, Nasdaq +2.27%) after reports indicated a more targeted approach to tariffs than initially anticipated.

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euronews.com
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German Business Sentiment Rebounds Sharply in March

Germany's ifo Business Climate Index jumped to 86.7 in March, a seven-month high, fueled by a manufacturing rebound and anticipated fiscal stimulus; however, the services sector slowed, and order shortages persist in construction.

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Showing 2,785 to 2,796 of 4,150 results