Trump, tariffs and Stock market
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Associated Press News |
The trade war President Donald Trump promised has begun, threatening the world economy and straining the United States’ longstanding alliances in Europe and Asia.
USA Today |
Reciprocal tariffs are calculated to balance bilateral trade deficits between the U.S. and each of its trading partners.
Reuters |
The Indian rupee is poised to fall at open on Thursday, driven by the decline in Asian equity and currency markets after U.S. President Donald Trump's imposition of broad-based tariffs.
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US stocks plunged after President Trump announced a baseline 10% tariff on all US trading partners, sending shockwaves through markets and the global trade order.
As Trump wields tariffs against U.S. trade partners, some fear an inflation rebound, slower growth and higher unemployment.
Critics warned that the levies could fuel inflation and slow economic growth, while those who supported the move said it was long overdue.
Economists have offered their views on whether Trump's "Liberation Day" will spell triumph or disaster for the U.S. economy.
The stock market, a predictor of economic activity, suggests slower growth when prices fall. Say the word economics in a group of friends ... Price is a function of supply and demand. Prices go up when demand is strong and supply is constrained.
The Trump administration's 25% tariffs on vehicles and auto parts imported into the U.S. could lead to sticker shock for American consumers, including for those buying cars manufactured domestically, analysts say.
President Trump’s announcement of 25 percent tariffs on cars and parts sent shock waves through the global auto industry. Canada said it would respond with tariffs of its own.
The European Union is urging citizens across the continent to stockpile food, water and other essentials to last at least 72 hours as war, cyberattacks, climate change and disease increase the chances of a crisis.