World leaders vow to hit back
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“It will be difficult for the U.S. to avoid a recession if the tariffs stay at the level that’s been announced,” Claudia Sahm, chief economist at New Century Advisors, recently told TIME.
From TIME
US President Donald Trump’s sweeping new tariffs have gone into full effect.
From Yahoo
In a bitterly divided 5-4 decision, the court said that the migrants, whom the administration has accused of being gang members, must get a chance to challenge their deportation before they are taken...
From Houston Chronicle
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Trump’s steep tariffs aim to bring manufacturing back to the US, forcing some firms to rethink supply chains. But delinking US firms from global trade flows could marginalise American exports. Meanwhile,
The U.S. tariffs on transshipment countries like Vietnam and Cambodia are so steep that they could force a major reassessment of global supply chains.
Branded as “Liberation Day” by Trump, the tariffs are intended to bolster US manufacturing and retaliate against what he claims are longstanding unfair trade practices by other nations. However, many economists warn that the move could destabilise the economy and strain long-standing global alliances.
Mexico is working to stall or reduce Trump's 25% tariff on foreign-made autos. Canada denounced Trump's executive order but Mexico is taking a more subdued approach.
President Trump’s ‘Liberation Day’ tariffs risk a domino effect across the globe as Chinese goods look for new markets.
Donald Trump’s new tariffs for imported automobiles in the USA has evoked sharp reactions and criticism across the world.
The latest trade war exchange adds the rapid deterioration in the relationship between the world’s two biggest economies.