Trump, tariff
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Donald Trump announced a sweeping new set of reciprocal tariffs on Wednesday, arguing that they would allow the United States to succeed. "This is one of the most important days in my opinion in Ameri...
From BBC
President Donald Trump followed through on his reciprocal tariff threats by declaring on Wednesday a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that ru...
From U.S. News & World Report
Vietnam, Thailand, Indonesia and Malaysia have made the list, facing some of the highest reciprocal tariff rates at 46%, 36%, 32% and 24%, respectively.
From Wall Street Journal
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For instance, Trump said, the U.S. estimated a total trade barrier rate of 67% for China, meaning the U.S. would impose a 34% tariff in response. The U.S. assessed a European Union trade barrier rate of 39%, Trump said, adding that the U.S. reciprocal tariff would register at 20%.
The Dow, S&P 500 and Nasdaq fell sharply after Trump slapped tariffs on a host of countries including China, Vietnam, Taiwan, while also blasting the European Union. FOX Business is providing real-time updates on the markets,
Wall Street stocks cratered and global leaders on Thursday condemned President Trump’s new tariffs as “brutal and unfounded” as the White House stood behind its plan to tax imports across the board.
The Trump administration imposed a 10% minimum tariff on all imports coming into the country and even higher tariffs on other top trading partners.
Aides struggled to satisfy the president’s competing priorities before settling on a plan to both raise revenue and boost corporate onshoring.
Former Vice President Mike Pence says Trump's tariff plans are the "largest peacetime tax hike in U.S. history."
The Dow, S&P 500 and Nasdaq are under pressure for a second day as global investors sell equities in response to President Trump’s sweeping tariffs against the majority of U.S. trading partners, including China who is retaliating.
White House aides have drafted a proposal to impose tariffs of around 20% on most imports to the United States, three people familiar with the matter said, as President Donald Trump pushes for the most aggressive overhaul of the global economic system in decades.
U.S. stock futures fell Sunday evening as Wall Street braced for the latest salvo in President Donald Trump’s trade war. The Wall Street Journal reported that advisers have considered a global tariff of up 20% on almost all countries,