The president's sweeping tariff plan has been blasted by Democrats and their allies, but on the political right it has received a mixed reaction.
In practice there will be nothing liberating about it. Over the two months since returning to the White House, Mr Trump will have brought America’s overall tariff level to its highest since the second world war, setting the country up for slower economic growth, higher inflation, more inequality and, quite possibly, fiscal trouble.
The saying goes that when America sneezes the rest of the world catches a cold — pithy shorthand to describe how changes in the world’s biggest economy ripple out to impact everyone else.
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Tuko News on MSNExplainer: Neoliberalism, Finance Capital and the Power Shift in Kenya’s EconomyThe current regime's 'bottom-up' model is rooted in neoliberal capitalism. This article explores its global financial ties, economic power shifts, and policy impacts
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Some countries are promising swift countermeasures; others are asking for an opportunity to negotiate with the U.S. to avoid trade war.
The Ministry of Finance has said it deeply regrets and firmly disagrees with Fitch Ratings' decision to downgrade China's sovereign credit rating, describing the move as "biased" and "failing to objectively reflect the actual resilience of China's economy and the broad consensus in global markets".
America alone has imposed nearly 6,500 penalties since February 2022, when Russia’s full-scale invasion of Ukraine began. Europe has even more (see chart 2). Many punish people close to Mr Putin by freezing their assets in the West.
Stock markets around the world extended losses for a second day on Friday on fears U.S. President Donald Trump's broad tariffs on imports into the United States will hit global economic growth and China retaliation.
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The Times of Israel on MSNAfter Israel fails to win reprieve from Trump’s tariffs, how hard will economy be hit?New US policy set to threaten competitiveness of Israeli exports of machinery and medical equipment, experts say, while potential damage to tech industry is limited
After the US market closed Wednesday, Trump declared a 10 per cent baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States.