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Sure, the new suite of tariffs isn’t as bad as “liberation day”. But it’s still a giant tax on US consumers, and that creates danger markets are ignoring.
Mr. Trump is also threatening tariff hikes for Mexico and China, but the U.S.' southern neighbor got a 90-day extension on Thursday, and an Aug. 12 deadline to strike a deal with China is expected to ...
Back when President Trump announced high tariffs in his "liberation day" statement on April 2, economists were concerned that they would cause inflation to soar and cause a significant slowdown or ...
The U.S. Constitution gives the power to impose taxes — including tariffs — to Congress. But lawmakers have gradually ...
For weeks, President Donald Trump was promising the world economy would change on Friday with his new tariffs in place. The change — while potentially welcome news to countries that had not yet ...
President Donald Trump issued an executive order Thursday, slapping tariffs on most of America's trading partners, but the ...
The Swiss franc weakened in the morning Asian session as Switzerland is poised to be one of the countries that will be hit hardest by U.S. tariffs.
President Donald Trump has signed an executive order that would have new tariffs on a wide swath of U.S. trading partners to go into effect in seven days.
Trump ultimately delayed the “reciprocal” April tariffs hours after they took effect, later setting August 1 as the new deadline for trade agreements on pain of higher tariff rates. The president told ...