Tag #Us Economy

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dailymail.co.uk

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Apr 3, 22:15

Trump's Tariffs to Hike Clothing Prices in US

President Trump's new tariffs on apparel imports from Vietnam, Cambodia, Bangladesh, China, and Indonesia, ranging from 32% to 46%, will drastically increase clothing prices in the US, impacting major brands and potentially accelerating the closure of retail stores.

Trump's Tariffs to Hike Clothing Prices in US

President Trump's new tariffs on apparel imports from Vietnam, Cambodia, Bangladesh, China, and Indonesia, ranging from 32% to 46%, will drastically increase clothing prices in the US, impacting major brands and potentially accelerating the closure of retail stores.

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How will the lack of domestic clothing manufacturing capacity in the US exacerbate the effects of the new tariffs?

The tariffs, intended to boost US manufacturing, are expected to generate $26 billion in duties for apparel alone. However, US clothing production is minimal, with only around 26,000 sewing machine operators, insufficient to meet domestic demand. This creates a difficult situation for clothing companies, forcing them to either absorb increased costs or pass them on to consumers already facing inflation.

lexpress.fr

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Apr 3, 16:15

Trump's Protectionism: A Historical Perspective

Since 1987, Donald Trump has consistently advocated for protectionist trade policies, culminating in his current trade war; his belief stems from a sense of economic injustice and disregard for the historical negative impacts of similar policies, such as the Smoot-Hawley Act of 1930.

Trump's Protectionism: A Historical Perspective

Since 1987, Donald Trump has consistently advocated for protectionist trade policies, culminating in his current trade war; his belief stems from a sense of economic injustice and disregard for the historical negative impacts of similar policies, such as the Smoot-Hawley Act of 1930.

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How does Trump's personal psychology and perception of economic injustice influence his trade policies?

Trump's protectionist policies stem from a deep-seated belief in economic nationalism, evident since his 1987 public letter criticizing US trade policies and advocating for higher tariffs to reduce trade deficits and bolster domestic manufacturing. This perspective contrasts sharply with the post-Great Depression consensus against such measures.

cnnespanol.cnn.com

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Apr 2, 04:14

Trump to Announce New Tariffs, Impacting Consumer Prices and Global Trade

President Trump will announce on April 2nd new tariffs on goods imported from Mexico, Canada, and China, impacting various sectors like food, electronics, and automobiles, potentially increasing consumer prices and causing job losses.

Trump to Announce New Tariffs, Impacting Consumer Prices and Global Trade

President Trump will announce on April 2nd new tariffs on goods imported from Mexico, Canada, and China, impacting various sectors like food, electronics, and automobiles, potentially increasing consumer prices and causing job losses.

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What are the broader systemic impacts of these tariffs on global trade and economic relations?

The long-term impact of these tariffs includes the potential reshaping of global supply chains, possible production cuts in the automotive industry, and job losses. The move could also escalate trade tensions with these countries and impact overall economic growth. The higher costs of producing vehicles in North America are estimated between $3,500 and $12,000, potentially leading to decreased production and employment.

kathimerini.gr

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Apr 2, 22:16

Trump Announces Sweeping New Tariffs, Igniting Global Trade War

President Trump announced sweeping new tariffs on imported goods, including cars, beer, and aluminum cans, starting April 3, potentially raising consumer prices and disrupting global trade; the measures are in addition to existing tariffs on Chinese goods and steel and aluminum.

Trump Announces Sweeping New Tariffs, Igniting Global Trade War

President Trump announced sweeping new tariffs on imported goods, including cars, beer, and aluminum cans, starting April 3, potentially raising consumer prices and disrupting global trade; the measures are in addition to existing tariffs on Chinese goods and steel and aluminum.

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How will the new tariffs affect trade relations between the US and its allies?

These tariffs build upon existing measures, such as 20% tariffs on Chinese imports and 25% tariffs on steel and aluminum, totaling nearly $150 billion in affected goods. New tariffs include all beer and aluminum can imports; exemptions for Canadian and Mexican products from "fentanyl tariffs" also expire. The cumulative effect leads to significantly higher costs; a Mexican-made car, previously subject to a 2.5% import tax, could face total tariffs of 52.5%.

edition.cnn.com

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Apr 2, 04:14

US Car Sales Surge Amidst Impending Tariffs

Facing potential price hikes due to new tariffs on imported vehicles and parts, US car buyers rushed dealerships in March, resulting in a significant sales surge for major automakers like Ford (10% increase), Toyota (8% increase), and Honda (13% increase).

US Car Sales Surge Amidst Impending Tariffs

Facing potential price hikes due to new tariffs on imported vehicles and parts, US car buyers rushed dealerships in March, resulting in a significant sales surge for major automakers like Ford (10% increase), Toyota (8% increase), and Honda (13% increase).

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What is the immediate impact of the announced auto tariffs on US car sales, and what specific data supports this impact?

March car sales surged as buyers rushed to dealerships ahead of anticipated tariff-related price increases. Ford's sales rose 10% overall, with a 19% jump in retail sales. This surge follows the Trump administration's announcement of a 25% tariff on imported cars and plans for tariffs on auto parts.

elpais.com

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Apr 2, 10:18

Trump's Tariffs: Global Impact and Colombia's Uncertain Future

President Trump's new tariffs target the EU, China, Australia, Canada, and Mexico due to trade imbalances, threatening global economic stability; while Colombia isn't a primary target, US concerns remain about Colombian import regulations, creating uncertainty for the nation's significant US exports...

Trump's Tariffs: Global Impact and Colombia's Uncertain Future

President Trump's new tariffs target the EU, China, Australia, Canada, and Mexico due to trade imbalances, threatening global economic stability; while Colombia isn't a primary target, US concerns remain about Colombian import regulations, creating uncertainty for the nation's significant US exports...

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What are the immediate economic consequences of President Trump's new tariffs on major US trade partners?

The EU, China, Australia, Canada, and Mexico will bear the brunt of President Trump's new tariffs, impacting global economic balances established since the 1990s. These tariffs target specific products from these countries due to trade imbalances with the US, potentially signaling an end to open trade and free trade agreements.

foxnews.com

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Apr 3, 22:15

Democrat Golden Supports Trump's 10% Tariff, Seeking Bipartisan Cooperation

Moderate Democrat Rep. Jared Golden voiced support for President Trump's 10% tariff on all US imports, a policy mirroring his own proposal, while other Democrats expressed strong opposition; Golden pledged to work with Trump to make it law, marking a potential bipartisan path for the policy despite ...

Democrat Golden Supports Trump's 10% Tariff, Seeking Bipartisan Cooperation

Moderate Democrat Rep. Jared Golden voiced support for President Trump's 10% tariff on all US imports, a policy mirroring his own proposal, while other Democrats expressed strong opposition; Golden pledged to work with Trump to make it law, marking a potential bipartisan path for the policy despite ...

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How does Rep. Golden's proposal, and his willingness to work with President Trump, affect the potential trajectory of tariff legislation in Congress?

Golden's stance contrasts sharply with the negative reactions from most Democrats. His support highlights a potential bipartisan path for tariff legislation, despite concerns from other Democrats about the broader implications of Trump's sweeping tariff plan, which includes additional tariffs beyond the 10% baseline.

abcnews.go.com

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Apr 3, 16:15

US Jobless Claims Fall, but Tariff Worries and Federal Layoffs Loom

Initial jobless claims in the US fell to 219,000 for the week ending March 29, defying analysts' forecasts, but concerns remain over the impact of new tariffs and widespread federal job cuts potentially affecting the March jobs report.

US Jobless Claims Fall, but Tariff Worries and Federal Layoffs Loom

Initial jobless claims in the US fell to 219,000 for the week ending March 29, defying analysts' forecasts, but concerns remain over the impact of new tariffs and widespread federal job cuts potentially affecting the March jobs report.

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What is the immediate impact of the recent decrease in unemployment claims, and what are the potential countervailing economic factors?

Unemployment claims fell to 219,000 last week, below analysts' expectations of 226,000. This follows recent trends, staying within the 200,000-250,000 range of the past few years. However, concerns exist regarding potential global economic slowdown due to new tariffs.

theguardian.com

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Apr 2, 10:18

Trump to Announce New Tariffs, Threatening Global Trade War

President Trump will announce a new round of tariffs on Wednesday afternoon at the White House, potentially triggering a global trade war and prompting immediate retaliatory measures from key trading partners. The president's stated goals include boosting US manufacturing and addressing unfair trade...

Trump to Announce New Tariffs, Threatening Global Trade War

President Trump will announce a new round of tariffs on Wednesday afternoon at the White House, potentially triggering a global trade war and prompting immediate retaliatory measures from key trading partners. The president's stated goals include boosting US manufacturing and addressing unfair trade...

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What are the immediate economic and geopolitical consequences of Trump's latest tariff announcement?

On Wednesday, President Trump will announce a new round of tariffs, potentially sparking a global trade war. The White House claims these tariffs aim to boost domestic manufacturing and counter unfair trade practices. Immediate implementation is planned.

cnnespanol.cnn.com

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Apr 2, 04:14

US Hiring Plunges as Federal Layoffs Soar

US employers cut hiring plans in February 2025 as federal government layoffs surged to a four-year high of 22,000, driven by President Trump's policies and impacting overall economic uncertainty.

US Hiring Plunges as Federal Layoffs Soar

US employers cut hiring plans in February 2025 as federal government layoffs surged to a four-year high of 22,000, driven by President Trump's policies and impacting overall economic uncertainty.

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What are the potential long-term consequences of this trend for the US economy?

The February JOLTS report, showing a slowdown in job turnover and hiring, signals a potential economic downturn. The uncertainty caused by Trump's policies and tariffs is discouraging hiring and investment. Friday's jobs report, expected to show only 125,000 net job gains in March, will offer further insight.

nbcnews.com

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Apr 2, 04:15

Strong Q1 Auto Sales Defy Impending Tariffs

U.S. automakers reported unexpectedly robust first-quarter sales increases—GM at 16.7%, Hyundai at 10%, Kia at 11%—as consumers rushed to purchase vehicles before President Trump's 25% tariffs on imported vehicles took effect this week, exceeding analysts' forecasts of roughly 1% year-over-year grow...

Strong Q1 Auto Sales Defy Impending Tariffs

U.S. automakers reported unexpectedly robust first-quarter sales increases—GM at 16.7%, Hyundai at 10%, Kia at 11%—as consumers rushed to purchase vehicles before President Trump's 25% tariffs on imported vehicles took effect this week, exceeding analysts' forecasts of roughly 1% year-over-year grow...

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What is the immediate impact of the impending auto tariffs on U.S. vehicle sales, and how do these sales figures compare to analysts' predictions?

Despite President Trump's impending auto tariffs, major automakers like GM, Hyundai, and Kia reported significant first-quarter sales increases, exceeding analysts' expectations. GM saw a 16.7% jump, driven by electric vehicle sales and SUVs, while Hyundai and Kia reported gains of 10% and 11%, respectively. This surge suggests consumers are accelerating purchases to avoid potential tariff-related price hikes.

faz.net

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Apr 2, 19:13

Trump's April 2nd Tariff Increases: Impact on US Trade and Global Economy

President Trump implemented significant tariff increases on April 2nd, 2025, raising the average tariff on imported goods to 9.4 percent (excluding new tariffs), aiming to reduce the US trade deficit but potentially harming economic growth domestically and internationally.

Trump's April 2nd Tariff Increases: Impact on US Trade and Global Economy

President Trump implemented significant tariff increases on April 2nd, 2025, raising the average tariff on imported goods to 9.4 percent (excluding new tariffs), aiming to reduce the US trade deficit but potentially harming economic growth domestically and internationally.

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What are the immediate economic consequences of President Trump's April 2nd tariff increases on American consumers and global trade?

On April 2nd, 2025, President Trump implemented significant tariff increases, aiming to reduce America's trade deficit and boost the domestic economy. This action raises the average tariff on imported goods to 9.4 percent, a level not seen since 1946, excluding the new tariffs. The policy reverses decades of decreasing tariffs and increasing international trade openness.

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