Tag #Tariffs

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abcnews.go.com

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Apr 12, 22:11

Trump Secures $600 Million in Pro Bono Legal Agreements

President Donald Trump announced $600 million in pro bono legal agreements with five major law firms, including Kirkland & Ellis, Allen & Overy, Shearman & Sterling, Simpson Thacher & Bartlett, and Latham & Watkins, impacting hiring practices and client representation policies, amid ongoing trade di...

Trump Secures $600 Million in Pro Bono Legal Agreements

President Donald Trump announced $600 million in pro bono legal agreements with five major law firms, including Kirkland & Ellis, Allen & Overy, Shearman & Sterling, Simpson Thacher & Bartlett, and Latham & Watkins, impacting hiring practices and client representation policies, amid ongoing trade di...

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Peace, Justice, and Strong Institutions

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How do President Trump's recent tariff policy changes relate to his agreements with the law firms?

Trump's actions follow his recent tariff adjustments, pausing increases for most countries but significantly raising them against China. This, coupled with the legal agreements, suggests a multi-pronged strategy to consolidate power and influence.

elpais.com

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Apr 12, 07:14

Mexico Negotiates Lower US Tariffs on Auto Exports

Mexico is negotiating with the US to reduce tariffs on its automotive exports, aiming for a 13-15% rate based on US content, to mitigate the economic impact of potential new tariffs on autos, steel, aluminum, and beer; the Mexican government has 30 days to reach an agreement.

Mexico Negotiates Lower US Tariffs on Auto Exports

Mexico is negotiating with the US to reduce tariffs on its automotive exports, aiming for a 13-15% rate based on US content, to mitigate the economic impact of potential new tariffs on autos, steel, aluminum, and beer; the Mexican government has 30 days to reach an agreement.

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What is the immediate economic impact of the potential new US tariffs on Mexico's automotive exports?

Mexico is negotiating with the US to reduce tariffs on its automotive exports, which represent over 30% of its annual exports to the US. A 90-day tariff pause has been granted, excluding China, but Mexico still faces tariffs on autos, steel, aluminum, and beer, with potential new tariffs on auto parts looming. The Mexican government aims to secure a better tariff deal than other nations, focusing on the automotive sector.

npr.org

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Apr 12, 16:11

Senator Young Urges Congress to Reclaim Tariff Authority Amidst Trade War Uncertainty

Senator Todd Young, a Republican from Indiana, is advocating for Congress to reclaim its authority over tariffs, arguing that the current system of the president unilaterally setting tariffs creates too much uncertainty for the U.S. economy, though he supports the administration's goal of strengthen...

Senator Young Urges Congress to Reclaim Tariff Authority Amidst Trade War Uncertainty

Senator Todd Young, a Republican from Indiana, is advocating for Congress to reclaim its authority over tariffs, arguing that the current system of the president unilaterally setting tariffs creates too much uncertainty for the U.S. economy, though he supports the administration's goal of strengthen...

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What are the immediate economic consequences of President Trump's latest tariff increases on Chinese goods, and how do they impact the overall U.S. economic outlook?

President Trump's recent tariff increases on Chinese goods, raising them to 145 percent, have sparked economic uncertainty and debate. This action, while intended to strengthen the U.S. position against China, risks further strain on the U.S. economy, as argued by economist Jason Furman. Senator Todd Young, while broadly supporting the goal, emphasizes the need for greater transparency in the administration's plan.

nbcnews.com

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Apr 12, 04:10

Trump's Tariffs Clash with Campaign Promise to Lower Prices

President Trump's tariffs are causing a clash with his campaign promise to lower prices; while some supporters are willing to accept short-term pain for long-term economic gains, others are expressing concerns; an NBC News poll shows that a majority of voters disapprove of his handling of the econom...

Trump's Tariffs Clash with Campaign Promise to Lower Prices

President Trump's tariffs are causing a clash with his campaign promise to lower prices; while some supporters are willing to accept short-term pain for long-term economic gains, others are expressing concerns; an NBC News poll shows that a majority of voters disapprove of his handling of the econom...

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Reduced Inequality

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How do varying perspectives among Trump supporters regarding the tariffs influence public opinion and potential political fallout?

Trump's tariff strategy aims to revive American manufacturing and achieve fairer trade, potentially justifying short-term price hikes for long-term economic benefits. However, this approach contradicts his campaign pledge to reduce prices, creating a challenge to his credibility among voters who prioritized economic relief. The economic impact of the tariffs remains uncertain, with conflicting opinions from supporters and the broader public.

foxnews.com

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Apr 12, 16:11

Broadcast Networks' Biased Reporting of Economic News During Trump's Presidency

Major broadcast networks showed a clear bias in their coverage of economic news during President Trump's first term, downplaying positive indicators like record Dow Jones highs and strong job growth while highlighting negative market fluctuations, thus raising concerns about journalistic objectivity...

Broadcast Networks' Biased Reporting of Economic News During Trump's Presidency

Major broadcast networks showed a clear bias in their coverage of economic news during President Trump's first term, downplaying positive indicators like record Dow Jones highs and strong job growth while highlighting negative market fluctuations, thus raising concerns about journalistic objectivity...

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What are the potential long-term consequences of biased media coverage of economic data on public perception, political discourse, and policy-making?

The selective reporting of economic news by major broadcast networks during the Trump administration raises concerns about journalistic objectivity and its potential impact on public perception. This biased reporting could contribute to a distorted understanding of economic trends, potentially influencing political discourse and policy decisions. The long-term consequences of such biased reporting on public trust in media remain a significant concern.

nbcnews.com

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Apr 11, 01:16

Trump Unaware of Stock Market Drop Amid Trade Tensions

On Thursday, despite major US stock indexes closing down by 2.5% to 4.31%, President Trump stated he hadn't noticed the market's fall, while Treasury Secretary Scott Bessent downplayed the significance of the decline. This follows a partial reversal of recent tariff increases after days of market tu...

Trump Unaware of Stock Market Drop Amid Trade Tensions

On Thursday, despite major US stock indexes closing down by 2.5% to 4.31%, President Trump stated he hadn't noticed the market's fall, while Treasury Secretary Scott Bessent downplayed the significance of the decline. This follows a partial reversal of recent tariff increases after days of market tu...

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What factors influenced the Trump administration's decision to partially reverse its initial tariff increases?

Trump's response to market fluctuations reflects a broader pattern of his administration's handling of trade policy: initially imposing significant tariffs, then partially reversing course in response to market volatility and advisor concerns. This highlights the economic uncertainty and political sensitivity surrounding the trade war with China.

lemonde.fr

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Apr 12, 07:14

Trump's Tariffs Trigger 9% Tokyo Stock Market Drop, Exposing Japan's Economic Vulnerability

Donald Trump's April 2nd announcement of a "Liberation Day" and substantial tariff hikes on Japanese goods, particularly automobiles, caused a 9% drop in the Tokyo Stock Exchange and triggered significant economic concerns for Japan, its primary trading partner, despite a temporary 90-day suspension...

Trump's Tariffs Trigger 9% Tokyo Stock Market Drop, Exposing Japan's Economic Vulnerability

Donald Trump's April 2nd announcement of a "Liberation Day" and substantial tariff hikes on Japanese goods, particularly automobiles, caused a 9% drop in the Tokyo Stock Exchange and triggered significant economic concerns for Japan, its primary trading partner, despite a temporary 90-day suspension...

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What are the immediate economic consequences for Japan of Trump's tariff announcement, and how significant are they in the global context?

On April 2nd, Donald Trump announced a "Liberation Day" and significant tariff increases, causing a 9% drop in the Tokyo Stock Exchange, the third largest since 1945. These tariffs, including a 24% increase plus an additional 25% on vehicles, directly threaten Japan's economy, where automotive exports comprised nearly 28.3% of total exports in 2024. The potential economic impact is substantial, affecting the automotive industry and thousands of subcontractors.

welt.de

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Apr 12, 22:11

US Exempts Electronics From China Tariffs

The U.S. government exempted smartphones, laptops, and other electronics from tariffs on goods from China and other countries, offering relief to American tech companies and marking a retreat by President Trump from his tariff strategy. This includes 20 product groups and subcategories, is retroacti...

US Exempts Electronics From China Tariffs

The U.S. government exempted smartphones, laptops, and other electronics from tariffs on goods from China and other countries, offering relief to American tech companies and marking a retreat by President Trump from his tariff strategy. This includes 20 product groups and subcategories, is retroacti...

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How does this tariff exemption relate to the broader context of the ongoing trade tensions between the U.S. and China?

This exemption follows President Trump's initial backtracking on tariffs imposed on most trading partners, temporarily suspending them for 90 days. However, his stance on China has recently hardened, with the U.S. demanding 145% tariffs on Chinese imports, while China retaliates with 125% tariffs on U.S. goods. This decision impacts companies like Apple, which heavily relies on Chinese manufacturing for its iPhones, and other tech firms expanding AI data centers using components produced overseas.

smh.com.au

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Apr 12, 01:15

Albanese Prioritizes 'Opportunity' Amidst Election Campaign and US Market Volatility

Australia's 2025 federal election campaign enters its third week with Prime Minister Albanese emphasizing "opportunity" while opposition leader Dutton campaigns across key electorates; the US sharemarket saw a 1.8 percent rise following tariff uncertainty, while the ASX200 declined by 0.8 percent.

Albanese Prioritizes 'Opportunity' Amidst Election Campaign and US Market Volatility

Australia's 2025 federal election campaign enters its third week with Prime Minister Albanese emphasizing "opportunity" while opposition leader Dutton campaigns across key electorates; the US sharemarket saw a 1.8 percent rise following tariff uncertainty, while the ASX200 declined by 0.8 percent.

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How did recent US tariff decisions and Federal Reserve comments influence market reactions?

Albanese's focus on "opportunity" suggests a broader socioeconomic policy approach, contrasting with Dutton's more localized campaign strategy. The US market's rebound highlights the impact of government policy and communication on investor sentiment. The ASX200, however, declined by 0.8 percent, closing at 7646.5 points.

foxnews.com

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Apr 12, 16:11

Whitmer's Bipartisan Approach to Trump Sparks 2028 Presidential Speculation

Michigan Governor Gretchen Whitmer met with President Trump twice this month to discuss tariffs impacting Michigan's economy, despite most Democrats opposing Trump, raising questions about her 2028 presidential ambitions and her strategy of bipartisan cooperation.

Whitmer's Bipartisan Approach to Trump Sparks 2028 Presidential Speculation

Michigan Governor Gretchen Whitmer met with President Trump twice this month to discuss tariffs impacting Michigan's economy, despite most Democrats opposing Trump, raising questions about her 2028 presidential ambitions and her strategy of bipartisan cooperation.

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What are the immediate political consequences for Governor Whitmer of engaging with President Trump despite widespread Democratic opposition?

Michigan Governor Gretchen Whitmer's recent meetings with President Trump, despite most Democrats' rejection of Trump, have sparked debate about her 2028 presidential ambitions. Her approach contrasts with other Democratic governors who publicly opposed Trump's tariffs. This bipartisan engagement could impact her standing within the Democratic party.

theglobeandmail.com

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Apr 11, 19:17

Trump Tariffs Trigger Global Market Meltdown

President Trump's April 2nd tariffs triggered a global market meltdown, wiping trillions from equities and causing the largest dollar-value drops on record; the crisis intensified with China's retaliation and revealed investors' unpreparedness for the aggression and unpredictability of the trade war...

Trump Tariffs Trigger Global Market Meltdown

President Trump's April 2nd tariffs triggered a global market meltdown, wiping trillions from equities and causing the largest dollar-value drops on record; the crisis intensified with China's retaliation and revealed investors' unpreparedness for the aggression and unpredictability of the trade war...

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What were the immediate and significant global impacts of President Trump's new tariffs on April 2nd?

President Trump's imposition of tariffs on April 2nd triggered the most significant market downturn since the 2020 pandemic, with trillions wiped off global equities and the largest dollar-value drops ever recorded. The subsequent tit-for-tat tariff increases between the U.S. and China intensified the crisis, resulting in over \$5 trillion in market value loss from the MSCI all-country index.

welt.de

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Apr 11, 01:16

Trump's 145% Tariff on China Triggers Global Market Turmoil

US stock markets plummeted following President Trump's announcement of a 145 percent tariff increase on Chinese imports, prompting retaliatory tariffs from China and a temporary suspension of planned EU countermeasures; the EU stated it will resume countermeasures if negotiations fail.

Trump's 145% Tariff on China Triggers Global Market Turmoil

US stock markets plummeted following President Trump's announcement of a 145 percent tariff increase on Chinese imports, prompting retaliatory tariffs from China and a temporary suspension of planned EU countermeasures; the EU stated it will resume countermeasures if negotiations fail.

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What are the immediate market impacts of President Trump's latest tariff increase on Chinese imports?

The Dow Jones Industrial Average, S&P 500, and Nasdaq 100 experienced significant losses of 3.3 percent, 4.1 percent, and 4.8 percent respectively, following a previous surge. These losses followed President Trump's announcement of increased tariffs on Chinese imports, raising the total to 145 percent.

Showing 673 to 684 of 2,688 results