Tag #Us Economy

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abcnews.go.com

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Apr 9, 04:11

Trump's Veto Threat Kills Senate Tariff Bill

Senate Majority Leader John Thune declared the Grassley-Cantwell tariff bill dead due to President Trump's veto threat; seven Republicans support it, insufficient for passage, while concerns about market instability grow.

Trump's Veto Threat Kills Senate Tariff Bill

Senate Majority Leader John Thune declared the Grassley-Cantwell tariff bill dead due to President Trump's veto threat; seven Republicans support it, insufficient for passage, while concerns about market instability grow.

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What is the immediate impact of President Trump's veto threat on the Grassley-Cantwell tariff bill's prospects in the Senate?

Senate Majority Leader John Thune declared the Grassley-Cantwell tariff bill unlikely to pass the Senate due to President Trump's veto threat. Seven Republicans support the bill, insufficient for passage or a veto-proof majority. Thune advocates for observing the current tariff policy's effects before further action.

theglobeandmail.com

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Apr 9, 01:17

High Treasury Yields Defy Expectations Amidst Market Turmoil

Despite President Trump's 'Liberation Day' announcement and Treasury Secretary Bessent's focus on lowering borrowing costs, the 10-year U.S. Treasury yield remains elevated due to inflationary pressures from tariffs, eroding investor confidence in U.S. governance, and potential retaliatory actions f...

High Treasury Yields Defy Expectations Amidst Market Turmoil

Despite President Trump's 'Liberation Day' announcement and Treasury Secretary Bessent's focus on lowering borrowing costs, the 10-year U.S. Treasury yield remains elevated due to inflationary pressures from tariffs, eroding investor confidence in U.S. governance, and potential retaliatory actions f...

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Why are U.S. Treasury yields remaining high despite falling stock markets and expectations of interest rate cuts?

Despite President Trump's efforts to lower borrowing costs, the 10-year U.S. Treasury yield remains stubbornly high, exceeding the levels seen before his recent tariff announcements. This is surprising given the significant drop in U.S. stock markets and increased expectations of interest rate cuts. The yield's resilience contrasts sharply with past market turbulence, where 'flight to safety' typically drove down Treasury yields.

theguardian.com

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Apr 9, 19:19

White House's Claim of US iPhone Production Contradicted by Apple and Experts

The White House asserts that Apple's $500 billion investment and tariffs will lead to US iPhone manufacturing, despite Apple and experts stating it's impossible due to insufficient skilled labor; this claim contradicts statements by Apple's CEO and the late Steve Jobs, highlighting a significant dis...

White House's Claim of US iPhone Production Contradicted by Apple and Experts

The White House asserts that Apple's $500 billion investment and tariffs will lead to US iPhone manufacturing, despite Apple and experts stating it's impossible due to insufficient skilled labor; this claim contradicts statements by Apple's CEO and the late Steve Jobs, highlighting a significant dis...

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What specific evidence contradicts the White House's claim that Apple will shift iPhone production to the US?

The White House claims Apple's $500bn investment and tariffs will incentivize US iPhone manufacturing, despite Apple and experts stating this is impossible due to a lack of skilled labor. This assertion contradicts statements by Apple CEO Tim Cook and the late Steve Jobs, who emphasized the need for a vast workforce of highly trained engineers, unavailable in the US. The White House's claim is directly refuted by industry experts and Apple's own statements.

us.cnn.com

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Apr 8, 19:18

Trump's Tariffs Trigger Global Market Plunge

President Trump's administration has implemented significant tariffs on various countries, including a 47% tariff on Madagascar and a 20% tariff on the European Union, citing unfair trade practices and a record $1.2 trillion goods trade deficit in 2024, causing a major drop in global stock markets.

Trump's Tariffs Trigger Global Market Plunge

President Trump's administration has implemented significant tariffs on various countries, including a 47% tariff on Madagascar and a 20% tariff on the European Union, citing unfair trade practices and a record $1.2 trillion goods trade deficit in 2024, causing a major drop in global stock markets.

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What are the immediate economic consequences of President Trump's new tariff policies?

President Trump's recent tariff increases, impacting countries like Madagascar with a 47% levy and the EU with a 20% levy, are part of a broader trade strategy. This strategy aims to address what the White House sees as unfair trade practices by other nations, such as non-tariff barriers. The immediate effect has been a significant drop in global stock markets, with the S&P 500 falling nearly 11% since the announcement.

cincodias.elpais.com

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Apr 8, 10:12

Trump's Tariffs Trigger Dollar Depreciation, Hurting European Exporters

Trump's tariffs have weakened the US dollar against the euro by 6.5% since January, creating a double challenge for European exporters to the US who face both higher tariffs (up to 49%) and an unfavorable exchange rate, potentially impacting their sales and profits.

Trump's Tariffs Trigger Dollar Depreciation, Hurting European Exporters

Trump's tariffs have weakened the US dollar against the euro by 6.5% since January, creating a double challenge for European exporters to the US who face both higher tariffs (up to 49%) and an unfavorable exchange rate, potentially impacting their sales and profits.

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What is the immediate impact of Trump's tariffs on the US dollar and European exporters?

Trump's tariffs have caused the dollar to depreciate against the euro by 6.5% since January, negatively impacting European exporters to the US. These exporters face higher costs due to both tariffs (up to 49% depending on the country) and unfavorable exchange rates, forcing them to either raise prices or reduce profit margins.

theguardian.com

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Apr 8, 19:19

Musk's Failed Plea to Trump on Tariffs Exposes Growing Rift

Elon Musk's personal attempts to persuade President Trump to reverse new global tariffs failed, revealing a growing rift between them as markets tanked and Musk's wealth declined; this comes as Musk prepares to leave his unofficial government role and amid concerns about SpaceX contracts.

Musk's Failed Plea to Trump on Tariffs Exposes Growing Rift

Elon Musk's personal attempts to persuade President Trump to reverse new global tariffs failed, revealing a growing rift between them as markets tanked and Musk's wealth declined; this comes as Musk prepares to leave his unofficial government role and amid concerns about SpaceX contracts.

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What immediate impact did Elon Musk's failed attempts to influence President Trump's tariff policy have on the global economy and his relationship with the president?

Elon Musk repeatedly urged Donald Trump to reconsider the global tariffs, but his efforts failed, suggesting a growing rift between them. The tariffs, imposed last Thursday, caused a global market downturn, impacting numerous companies and billionaires, including Musk himself.

foxnews.com

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Apr 9, 01:17

Trump Tariffs Spark Wall Street Rebound, Congressional Backlash

President Trump's tariffs, imposed to address a $1.2 trillion trade deficit and millions of lost manufacturing jobs, caused a Wall Street rebound as nations negotiated, but sparked bipartisan congressional criticism over their impact on American families and businesses, with concerns ranging from th...

Trump Tariffs Spark Wall Street Rebound, Congressional Backlash

President Trump's tariffs, imposed to address a $1.2 trillion trade deficit and millions of lost manufacturing jobs, caused a Wall Street rebound as nations negotiated, but sparked bipartisan congressional criticism over their impact on American families and businesses, with concerns ranging from th...

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What are the immediate economic and political consequences of President Trump's tariff actions, both domestically and internationally?

President Trump's imposition of tariffs has sparked a mixed reaction. While Wall Street saw a positive rebound as multiple countries engaged in tariff negotiations, lawmakers raised concerns about the approach's legality and potential harm to American families and businesses. The U.S. Trade Representative argued that these tariffs are necessary to address a significant trade deficit and lost manufacturing jobs, citing a $1.2 trillion deficit and the loss of 5 million manufacturing jobs since the mid-1990s.

forbes.com

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Apr 9, 13:20

Federal Student Loan Payments Resume, Impacting Borrower Credit Scores

The end of pandemic-related pauses on federal student loan payments has resulted in millions of borrowers facing negative credit consequences for the first time since the start of the pandemic, including damaged credit scores and potential wage or tax refund garnishment.

Federal Student Loan Payments Resume, Impacting Borrower Credit Scores

The end of pandemic-related pauses on federal student loan payments has resulted in millions of borrowers facing negative credit consequences for the first time since the start of the pandemic, including damaged credit scores and potential wage or tax refund garnishment.

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What factors contributed to the current situation where borrowers are experiencing negative credit impacts from their student loans?

The resumption of student loan reporting to credit bureaus reflects the end of pandemic-era relief measures. The lack of further extensions means borrowers now face the credit consequences of past-due payments, illustrating the shift from temporary support to a return to standard loan servicing practices. This impacts millions of borrowers.

thetimes.com

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Apr 8, 10:12

Trump's Tariffs Trigger Global Market Turmoil

President Trump threatened a 50 percent tariff increase on Chinese imports, bringing the total potential tariff to 104 percent, triggering global market turmoil and prompting warnings of a potential recession; China vowed to retaliate, while global indices experienced mixed reactions.

Trump's Tariffs Trigger Global Market Turmoil

President Trump threatened a 50 percent tariff increase on Chinese imports, bringing the total potential tariff to 104 percent, triggering global market turmoil and prompting warnings of a potential recession; China vowed to retaliate, while global indices experienced mixed reactions.

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What are the immediate economic consequences of President Trump's latest tariff threats on global markets?

President Trump's imposition of tariffs on Chinese imports, escalating to a potential 104 percent, has triggered significant global market turmoil. The FTSE 100 index experienced a 1.24 percent increase following initial market sell-offs, while Asian markets also showed signs of recovery. However, experts warn of lasting negative impacts.

dw.com

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Apr 8, 10:12

Trump's Tariffs: Global Economic Fallout and European Response

Trump's global tariffs have caused hundreds of billions of dollars in losses worldwide, impacting US retirement funds and potentially triggering a global recession; European nations face a strategic dilemma between passive observation and proactive negotiation.

Trump's Tariffs: Global Economic Fallout and European Response

Trump's global tariffs have caused hundreds of billions of dollars in losses worldwide, impacting US retirement funds and potentially triggering a global recession; European nations face a strategic dilemma between passive observation and proactive negotiation.

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How do the opinions of various German newspapers reflect differing perspectives on the causes and potential consequences of Trump's trade policies?

The economic consequences of Trump's tariffs extend beyond immediate losses, disrupting global trade networks and potentially triggering a global recession. Bloomberg estimates a 2.5% reduction in US GDP and over €3000 average losses per household within the next year. This contrasts sharply with the interconnected nature of modern global economics.

cnn.com

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Apr 8, 04:11

Trump's Tariffs Spark Global Uncertainty as Nations Seek Trade Deal Clarity

President Trump's new tariffs, announced five days prior, caused global market uncertainty as foreign leaders and investors sought clarity on whether the duties are negotiable; 70 countries have already contacted the US to discuss the matter.

Trump's Tariffs Spark Global Uncertainty as Nations Seek Trade Deal Clarity

President Trump's new tariffs, announced five days prior, caused global market uncertainty as foreign leaders and investors sought clarity on whether the duties are negotiable; 70 countries have already contacted the US to discuss the matter.

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What are the immediate economic consequences of President Trump's new tariffs, and how significant is the global impact?

President Trump's new tariffs have sparked global market turmoil and prompted international responses. Treasury Secretary Bessent advocated for clearer communication emphasizing the aim of securing better trade deals. Failure to do so risks further market instability.

dailymail.co.uk

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Apr 8, 19:19

Global Markets Rebound After Trump's Tariff Hikes

Following a market plunge caused by President Trump's increased tariffs, global stocks surged on Tuesday, with major US indexes and overseas markets experiencing significant gains, although analysts warn of further volatility.

Global Markets Rebound After Trump's Tariff Hikes

Following a market plunge caused by President Trump's increased tariffs, global stocks surged on Tuesday, with major US indexes and overseas markets experiencing significant gains, although analysts warn of further volatility.

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What is the immediate market impact of the recent announcements regarding trade negotiations and the potential for de-escalation of the trade war?

Wall Street and global markets experienced a significant rebound on Tuesday, with the S&P 500 up 3.4 percent, the Dow Jones rising 3.3 percent (1230 points), and the Nasdaq increasing by 3.6 percent. This surge follows days of losses attributed to President Trump's increased tariffs on imported goods.

Showing 601 to 612 of 1,544 results