Tag #Trump Tariffs

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abcnews.go.com

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Mar 19, 13:14

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.

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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What immediate impact will President Trump's tariffs have on the Federal Reserve's interest rate decision and the broader US economy?

President Trump's tariffs have introduced significant economic uncertainty, potentially impacting inflation and the Federal Reserve's (Fed) interest rate decisions. The Fed faces a difficult balancing act: raising rates risks slowing economic growth, while lowering them could fuel inflation.

bbc.com

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Mar 19, 22:15

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.

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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How do the Federal Reserve's actions reflect the trade-off between economic growth and inflation control?

The Fed's decision reflects a balancing act between supporting economic growth and controlling inflation. Tariffs, intended to boost long-term growth, are causing short-term price increases and uncertainty, impacting consumer sentiment and the stock market (S&P 500 down 10% since February). This situation challenges the Fed's efforts to maintain price stability.

africa.chinadaily.com.cn

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Mar 18, 04:11

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.

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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How will President Trump's tariffs affect specific countries beyond the United States, and what are the predicted levels of impact?

Trump's tariffs are projected to cause a ripple effect across the global economy. The OECD specifically cites slower growth in the US, EU, UK, Canada, and Mexico as direct consequences. Increased inflation (up to 3.8 percent in 2025 within the G20) is another predicted outcome.

us.cnn.com

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Mar 17, 16:10

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.

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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No Poverty

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What is the immediate impact of the unexpectedly weak February retail sales figures on the US economy, and what specific sectors are most affected?

US retail sales increased by only 0.2% in February, significantly below the projected 0.7%, indicating weakening consumer spending. This underperformance is particularly noticeable in department stores (-1.7%), restaurants (-1.5%), and gas stations (-1%), raising concerns about a potential economic slowdown. The impact is widespread, affecting various sectors and consumer behavior.

t24.com.tr

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Mar 14, 01:10

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...

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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How do the recent economic data on inflation and unemployment influence investor sentiment, and what is the significance of the upcoming federal government budget deadline?

President Trump's announcement of a potential 200% tariff on all alcoholic products imported from the EU, in response to a 50% tariff on US-made whiskey, fueled market anxieties. This action, coupled with his unwavering stance on tariffs during a meeting with NATO Secretary General Mark Rutte, intensified fears of escalating trade wars and their economic consequences.

theguardian.com

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Mar 14, 04:09

Australia Urges Local Consumption Amid Trump Tariff Fallout

Australia's government is urging consumers to buy local products to mitigate the economic impact of failing to secure an exemption from Donald Trump's tariffs, prompting a political debate ahead of the election, with the opposition criticizing the government's weakness while also attempting to explo...

Australia Urges Local Consumption Amid Trump Tariff Fallout

Australia's government is urging consumers to buy local products to mitigate the economic impact of failing to secure an exemption from Donald Trump's tariffs, prompting a political debate ahead of the election, with the opposition criticizing the government's weakness while also attempting to explo...

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What immediate economic and political consequences stem from Australia's failure to secure an exemption from Donald Trump's tariffs?

Australia's government, facing pressure from Donald Trump's tariffs, is exploring ways to boost local consumption without imposing counter-tariffs. The prime minister urged Australians to buy domestically produced goods to support local jobs and industries. This initiative aligns with the pre-existing "Future Made in Australia" policy, focusing on clean energy projects.

nbcnews.com

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Mar 19, 16:10

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.

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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What are the immediate economic consequences of President Trump's tariffs on Canadian steel and aluminum for businesses in Vermont and the broader U.S.?

President Trump's tariffs on Canadian steel and aluminum have disrupted businesses on both sides of the U.S.-Canada border, with Vermont businesses particularly impacted, as trade with Canada accounts for over one-third of the state's exports and two-thirds of its imports. The tariffs have increased costs for Vermont businesses reliant on Canadian goods and equipment, such as maple syrup producers and breweries.

europe.chinadaily.com.cn

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Mar 18, 04:11

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.

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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What is the primary cause for the OECD's lowered global GDP growth projections, and what are the immediate consequences for the United States?

The OECD's Interim Economic Outlook downgrades global GDP growth projections to 3.1 percent in 2025 and 3 percent in 2026, primarily due to President Trump's trade tariffs, which were intended to boost the US economy but are now projected to reduce US GDP to 2.2 percent and 1.6 percent in those years, respectively. These tariffs are also expected to cause significant negative impacts on Canada and Mexico.

elpais.com

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Mar 17, 10:10

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.

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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What are the immediate economic consequences for Mexico if Trump imposes tariffs on Mexican auto exports to the US?

Mexico is the world's 8th largest exporter, with the US as its top trading partner. The automotive sector is key, exporting roughly 80% of its vehicles to the US, generating nearly $100 billion in revenue last year. Trump's proposed tariffs threaten this vital industry and the jobs of nearly 900,000 Mexican auto workers.

theguardian.com

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Mar 15, 13:12

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...

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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What are the systemic causes and broader economic consequences of the Trump administration's use of tariffs, and how are these impacting various sectors of the US economy?

The Trump administration's use of tariffs is creating widespread chaos and uncertainty in the global economy. Brough Brothers' situation exemplifies how these unpredictable policies harm businesses, especially those involved in international trade. The imposition and subsequent revocation of tariffs on Canadian goods demonstrate the volatile nature of the current trade environment.

theglobeandmail.com

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Mar 14, 19:15

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.

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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What is the immediate impact of President Trump's tariff policy on consumer confidence and the broader U.S. economy?

President Trump's imposition of tariffs has caused a significant drop in consumer confidence, as measured by the University of Michigan's index, which fell 10.5 percent in March and 27.1 percent over the past year. This decline is consistent across various demographics and is largely attributed to uncertainty surrounding economic policies.

cincodias.elpais.com

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Mar 13, 22:12

Trump's 200% Tariff on EU Spirits Triggers Market Panic

President Trump announced a 200% tariff on EU spirits, causing major stock market losses for European producers like Pernod Ricard (€1.2 billion), Campari, and LVMH (€5.748 billion total), with projected €8 billion losses for Italian winemakers alone, retaliating against planned EU tariffs on US goo...

Trump's 200% Tariff on EU Spirits Triggers Market Panic

President Trump announced a 200% tariff on EU spirits, causing major stock market losses for European producers like Pernod Ricard (€1.2 billion), Campari, and LVMH (€5.748 billion total), with projected €8 billion losses for Italian winemakers alone, retaliating against planned EU tariffs on US goo...

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What are the immediate economic consequences of Trump's 200% tariff on EU spirits?

President Trump's 200% tariff on EU spirits will significantly impact European producers, causing immediate stock market losses. Pernod Ricard, for example, lost €1.2 billion in market capitalization. This action affects wine, champagne, and other beverages.

Showing 601 to 612 of 806 results