Tag #Tariffs

forbes.com
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Government Shutdown, Inflation Report Trigger Stock Market Decline

On December 20, 2024, stock futures fell, led by a 1% drop in Nasdaq-100 futures, due to a potential US government shutdown and an upcoming inflation report. Concerns include economic consequences of the shutdown and the impact of higher inflation on Federal Reserve policy.

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theglobeandmail.com
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Freeland's Rebuke of Trump's Tariffs Strains US-Canada Relations

In June 2018, Canadian Foreign Affairs Minister Chrystia Freeland criticized US tariffs on Canadian steel and aluminum in a Washington speech, publicly rebuking President Trump's protectionist policies and straining US-Canada relations during NAFTA negotiations, causing friction with the Trump admin...

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dailymail.co.uk
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UK Leaders Express Concern Over Potential US Tariffs Under Trump

UK Prime Minister and Labour leader Keir Starmer voiced concerns today about potential US tariffs under a second Trump presidency, which include a 10–20 percent levy on all imported goods, threatening UK trade and necessitating efforts to maintain strong US trade relations while mitigating tariff ri...

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theglobeandmail.com
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Canada Announces $1.3 Billion Border Security Plan to Avert U.S. Tariffs

Canada unveiled a $1.3 billion border security plan, including an aerial intelligence task force and fentanyl-curbing measures, to potentially avoid U.S. tariffs, following increased border encounters and discussions with U.S. officials.

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Peace, Justice, and Strong Institutions
spanish.china.org.cn
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Trump's Trade War Threats: China's Economic Countermeasures

Increased US inflation (2021-23) potentially aided Trump's election; his threatened trade wars risk harming global trade and US-China ties, but China's economic countermeasures, including fiscal stimulus and policy shifts, aim to mitigate negative impacts, leveraging innovation and reduced reliance ...

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40% Bias Score

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forbes.com
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Trump's Tariff Threat: US-Mexico Energy Trade at Risk

President Trump's potential second term plans include a 25% tariff on all Mexican and Canadian imports, including crude oil and natural gas, potentially disrupting the nearly $70 billion US-Mexico energy trade in 2023, a sharp departure from past trade practices.

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dailymail.co.uk
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Retail Giants Warn of Price Hikes Due to Trump Tariffs

Costco and Best Buy executives warn of potential price hikes in 2024 due to President Trump's proposed tariffs on imported goods from China and Mexico, impacting various consumer products and potentially slowing economic growth.

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40% Bias Score

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forbes.com
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Fed Rate Cut Triggers Biotech Market Downturn

The Federal Reserve's interest rate cut negatively impacted the stock market, particularly biotech, due to concerns over persistent inflation and fewer expected rate cuts in 2025, potentially hindering innovation and patient access to new treatments.

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theglobeandmail.com
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Ford's Mixed Trade Strategy Amidst Trump's Tariff Threats

Facing Trump's threatened 25% tariffs on Canadian imports, Ontario Premier Doug Ford's proposed countermeasures include both economically sound and risky strategies, potentially impacting trade relations and energy supplies between Canada and the US.

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abcnews.go.com
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Ford Warns Trump Tariffs Would Be 'Disaster,' Prepares Border Security

Ontario Premier Doug Ford called President-elect Trump's plan to impose 25% tariffs on Canadian goods a "disaster," threatening to restrict energy exports to the US if the tariffs are imposed; he also voiced concern over a mass deportation plan, stating that hundreds of police officers are ready to ...

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cnbc.com
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US New Vehicle Sales to Hit 2019 Highs in 2025

U.S. new light vehicle sales are expected to reach 16.3 million in 2025, exceeding 2024 projections of 15.9-16 million and marking the highest level since 2019, due to lower interest rates, increased affordability, and normalized inventories; however, potential tariffs and decreased automaker pricin...

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africa.chinadaily.com.cn
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Trump's Tariffs, China's Countermoves: A New Era of Economic Competition

President-elect Trump's threat to impose 100 percent tariffs on BRICS countries and other nations if they create an alternative currency to the US dollar, coupled with his planned additional tariffs, could negatively impact the global economy, particularly China, although China's stimulus packages a...

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