Tag #Trump Tariffs

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South Korea Slashes Growth Forecast Amid Trump Tariffs and Political Turmoil

South Korea's KDI slashed its 2025 economic growth forecast to 1.6% due to President Trump's expanding tariffs and the country's political instability following President Yoon Suk Yeol's impeachment and brief martial law imposition in December, impacting exports and domestic demand.

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politico.eu
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Trump's Steel Tariffs Threaten UK Steel Exports

President Trump imposed a 25 percent tariff on steel and aluminum imports to the U.S. with no exceptions, impacting the UK which exports £400 million worth of steel annually to the U.S. The UK is seeking an exemption, highlighting the vulnerability of its steel industry and broader trade relations.

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nbcnews.com
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Trump Tariffs Cause "Chaos" in U.S. Auto Industry, Ford CEO Warns

Ford CEO Jim Farley states that President Trump's tariffs are causing significant cost increases and "chaos" within the U.S. automotive industry, impacting suppliers and potentially devastating the industry if levies on Mexican goods go into effect; he is traveling to Washington D.C. to meet with go...

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cnbc.com
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Trump's Canada Oil Tariffs Threaten U.S. Gasoline Price Hike

President Trump's threatened 10% tariff on Canadian crude oil imports, currently on hold until March 4, could raise U.S. gasoline prices by up to 15 cents per gallon due to Midwest refiners' heavy reliance on cheaper Canadian crude, despite the U.S.'s status as the world's largest oil producer.

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Affordable and Clean Energy
faz.net
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DAX Hits Record High Despite US Tariffs

On Tuesday, the German DAX index hit a record high of 22,003.91 points, driven by strong corporate earnings and the expectation of further interest rate cuts, despite the latest round of US tariffs.

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nos.nl
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Council of State Advises Asylum Bill Amendments; Amsterdam-London Train Service Restored

The Dutch Council of State recommends amending two strict asylum bills before parliamentary debate, while Amsterdam Centraal's new UK terminal reopens, restoring direct train service to London after months of renovation delays.

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Peace, Justice, and Strong Institutions
cnn.com
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Trump's Reciprocal Tariffs: A Steep Price for American Consumers

President Trump plans to implement reciprocal tariffs on goods from nearly every country, potentially raising the US weighted average tariff rate to almost 5% from 1.5%, increasing prices for American consumers due to limited domestic alternatives for many imported goods.

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us.cnn.com
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Trump Tariffs: Wall Street Calm Masks Consumer Anxiety

President Trump's tariffs, although seemingly unbothered by Wall Street, have decreased US consumer sentiment to a seven-month low due to expected inflation; however, the long-term effects remain uncertain.

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cnbc.com
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Trump's Tariffs Cause 'Chaos' in U.S. Auto Industry, Ford CEO Says

Ford CEO Jim Farley says President Trump's tariffs are causing "chaos" in the U.S. auto industry, adding significant costs and uncertainty; he is traveling to Washington D.C. to meet with government officials to address these issues, particularly the potential 25% tariff on goods from Mexico and Can...

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cnnespanol.cnn.com
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Trump's Reciprocal Tariffs: Significant Price Increases for US Consumers

President Trump's plan to impose reciprocal tariffs on nearly all countries will increase the average US tariff rate from 1.5% to almost 5%, significantly raising prices for American consumers, especially on goods from the top 10 exporting countries to the US; the lack of supply chain transparency c...

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elpais.com
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Trump Imposes Steel and Aluminum Tariffs; Mexico Responds Cautiously

Donald Trump announced a 25% tariff on all US aluminum and steel imports, effective Monday, prompting a cautious response from Mexican President Claudia Sheinbaum, while the EU vowed retaliation; Mexico previously negotiated a temporary reprieve by deploying troops to the border.

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dw.com
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Trump Threatens EU Tariffs, Sparking Trade War Fears

On February 10, 2025, US President Donald Trump threatened to impose 25% tariffs on EU steel and aluminum imports, prompting the EU to prepare countermeasures while top US officials visit Europe for discussions on AI, security, and Ukraine.

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