Tag #Trump Tariffs

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theglobeandmail.com
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Trump's Tariffs: Limited Impact Despite Market Fears

President Trump's new tariffs could total 0.75% of U.S. GDP, with Canada facing a potential $66 billion hit (2.2% of its 2024 GDP); however, previous experience suggests these may have a limited negative impact on global growth and inflation.

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abcnews.go.com
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Trump Tariffs Cloud Fed's Interest Rate Decision

President Trump's tariffs have created economic uncertainty, forcing the Federal Reserve to weigh the risks of rising inflation against a potential recession, leading to an expected hold on interest rates this Wednesday.

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bbc.com
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Fed Predicts Slower Growth Due to Trump Tariffs

The US Federal Reserve anticipates slower economic growth in 2024, largely because of President Trump's tariffs increasing prices; the Fed kept interest rates at 4.3% but will reduce asset sales to aid the economy; inflation in February was 2.8%, exceeding the 2% target.

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africa.chinadaily.com.cn
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Trump Tariffs to Slash Global GDP Growth, OECD Warns

The OECD's Interim Economic Outlook projects a global GDP decrease to 3.1 percent in 2025 and 3 percent in 2026 due to President Trump's trade tariffs, negatively impacting various nations, including the US, Canada, and Mexico, prompting a call for unified global action.

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us.cnn.com
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Weak US Retail Sales Signal Potential Economic Slowdown

US retail sales rose a meager 0.2% in February, far below expectations, driven by weak consumer spending amid trade war uncertainty and fears of inflation, impacting various sectors including department stores, restaurants, and gas stations.

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t24.com.tr
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US Markets Plunge Amid Trump's Tariff Threats and Budget Uncertainty

US stock markets experienced significant drops on March 10th, 2024, with the Dow Jones falling 1.30% to 40,814.12, the S&P 500 losing 1.40% to 5,521.17, and Nasdaq declining 1.96% to 17,303.01, amid concerns about President Trump's escalating trade war with the EU and the upcoming government shutdow...

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theguardian.com
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US Tariffs and Wombat Incident Strain Australia-US Relations

American tourist Sam Jones' viral video of her removing a baby wombat from its mother sparked outrage in Australia, leading to calls for her deportation; this coincided with the US imposing tariffs on Australian steel, aluminum, and potentially beef, straining relations between the two countries.

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nbcnews.com
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Trump's Tariffs Disrupt U.S.-Canada Trade, Hitting Vermont Hard

President Trump's tariffs on Canadian steel and aluminum are severely impacting U.S.-Canada trade, particularly in Vermont, where over one-third of exports and two-thirds of imports involve Canada, leading to increased costs for businesses and a strained diplomatic relationship.

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europe.chinadaily.com.cn
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Trump's Tariffs to Slash Global GDP Growth, OECD Warns

The OECD reports that President Trump's trade tariffs will lower global GDP growth to 3.1 percent in 2025 and 3 percent in 2026, with the US GDP slumping to 2.2 percent and 1.6 percent in the same years, while Canada and Mexico face the most severe consequences including potential recessions.

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elpais.com
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Trump's Tariffs Threaten Mexico's Automotive Industry

Facing potential US tariffs, Mexico's automotive industry, a major exporter to the US, generating nearly $100 billion annually, faces economic uncertainty, potentially impacting 900,000 jobs; analysts debate the feasibility and timeline of US reshoring.

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theguardian.com
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Trump's Tariffs Halt Brough Brothers' Expansion

Brough Brothers Distillery, Kentucky's first African-American-owned distillery, faces significant delays in its expansion and international sales due to President Trump's unpredictable tariff policies on Canadian and European goods, highlighting the instability impacting US businesses engaged in glo...

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theglobeandmail.com
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Trump's Tariffs Trigger Sharp Drop in Consumer Confidence

President Trump's tariffs caused a 10.5% monthly and 27.1% yearly drop in the University of Michigan's consumer sentiment index in March, fueled by uncertainty and impacting various demographics; economists warn of potential economic slowdown due to reduced consumer spending.

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Showing 481 to 492 of 688 results