Trump Stokes Trade War
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New York Post |
President Trump ushered in a new era of US trade policy Tuesday — a national course correction after decades of unfair trade practices harmed American industries and exposed the wider economy to unsus...
USA Today |
President Donald Trump on Wednesday announced a 10% tariff on all imports but even higher rates on dozens of trading partners including China, India and the European Union.
USA Today |
"President Trump is using tariffs as leverage - to force our trading partners to the table and put America’s farmers first," Reynolds said in the statement.
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Trump's sweeping import tariffs mark a shift to protectionism, sparking global trade tensions, higher consumer costs, and fears of a new trade war.
President Trump’s tariff shock is forcing a reassessment by countries on how to respond and pushing investors to revise assumptions about profit margins, investments, and inflation.
Trump's administration hinted at significant tariffs, possibly around 20%, on all imports into the United States. This move, described as an economic 'salvo,' is considered essential by Trump and his advisors to generate trillions of dollars in revenue.
U.S. markets plunged in the wake of President Trump's announcement of new tariffs. Many stocks had their worst single day since the start of the pandemic in 2020. Leaders around the world denounced the tariffs and experts warned the president's action could risk more inflation,
In a move that reverberated across international markets, the U.S. administration under Donald Trump announced
Investors are looking at ways to ward off economic pain now tariffs are here, seeking assets that can ride out a recession and higher inflation or companies that rely less on international trade.
Trump’s two terms are proof that the benefits of globalization are not universally shared. Many of the swing states Trump won in 2016 and 2024 are scarred by industrial decline. Voters there remember promises made to them by previous presidents and think they were lied to.
The U.S. President’s trade war has pitched America’s average tariff rate from 2 per cent to above 20 per cent – a level last seen in the 1930s
President Trump’s tariff shock is forcing a reassessment by countries on how to respond and pushing investors to revise assumptions about profit margins, investments, and inflation.
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