China, Trump and tariff
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Associated Press News |
China announced Friday that it will impose a 34% tax on all U.S. imports next week, part of a flurry of retaliatory measures to U.S. President Donald Trump’s new tariffs that delivered the strongest ...
NBC News |
China announced a 34% tariff on all products imported from the U.S. on Friday, escalating the trade war between the world’s two biggest economies.
BBC |
Shares slid again on Friday as markets continued to react to the uncertainty surrounding the economic impact of US tariffs.
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Trump, Tariffs
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U.S. News & World Report |
The news sent markets crashing – U.S. stocks in particular – and fueled warnings that America is teetering toward a recession.
U.S. News & World Report |
President Donald Trump promised tariffs that would raise U.S. import taxes high enough to mirror what other assess as trade penalties on American goods.
SFGate |
Asian markets fell in Thursday trading and U.S. futures tumbled, setting up what could be a brutal trading day in the U.S. as investors brace for the economic shocks.
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U.S. consumers are rushing to buy big-ticket items before President Donald Trump's tariffs kick in. Consumers who were considering big purchases told The Associated Press that they hurried in recent days to lease cars and buy products such as laptops in anticipation of the tariffs.
The US dollar has been falling as President Donald Trump rolls out his tariffs, and it plunged after he unveiled much steeper-than-expected duties on "Liberation Day." That goes against what markets had anticipated before he launched his trade war.
Countries in Southeast Asia, major sources of exports to the US, are angling to accommodate President Donald Trump rather than retaliate against his punishing tariffs, seeking to keep exports flowing to one of their biggest markets.
On Friday, Japan's benchmark Nikkei 225 fell by another 3.5%, Australia's ASX 200 was down more than 2%, and Singapore's Straits Times Index was almost 3% lower. South Korean stocks are also losing ground but that appears to be related to the country's constitutional court upholding the impeachment of President Yoon Suk Yeol.
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Fallout continues after President Donald Trump's unveiling of severe tariffs against virtually all U.S. trading partners. Thursday was the worst day for U.S. stock markets since June 2020. China struck back on Friday,
Instead, view your investments as part of a long-term strategy that will overcome market corrections, grow and support retirement.” What the Trump administration means for your wallet: Sign up for USA TODAY's Daily Money newsletter.
Two days after sending the global economy reeling by announcing tariffs on foreign imports, President Donald Trump insisted his trade policies will “NEVER CHANGE” as he remained ensconced in a bubble of wealth and power in Florida.
And ahead of this weekend’s “Meet the Press,” Kristen Welker goes through the three key questions Trump and his administration face on the tariffs. Plus, we answer a reader question about Elon Musk’s role in government.