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CBS News |
"While uncertainty remains elevated, it is now becoming clear that the tariff increases will be significantly larger than expected," Powell said in a speech Friday in Arlington, Virginia.
NBC News |
Countries seeking to sell goods to the United States will face taxes as high as 54% based on how the White House is calculating duties on U.S. exports.
The New York Times |
“While uncertainty remains elevated, it is now becoming clear that the tariff increases will be significantly larger than expected,” Mr. Powell said.
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Trump has vowed to impose “reciprocal tariffs” on all nations that he claims disadvantage American products through trade, tax, or regulatory policy.
The S&P 500 fell almost 5 percent on Thursday, its worst drop since June 2020, as allies and adversaries alike criticized President Trump’s action and weighed their responses.
Trump first slapped a 10% blanket tariff on all imports into the U.S., including from uninhabited islands, such as the Heard and McDonald islands, and on places with which the U.S. runs a surplus, such as the U.K.
This chart will help you become rich. You’re reading a free article with opinions that ... given the extreme market volatility we have endured over the past six or seven weeks.
Better-than-expected data on the economy also helped support the market. The Dow Jones Industrial ... tariffs to parts that are compliant with the free-trade agreement that the United States ...
THE world is bracing for President Donald Trump’s “Liberation Day” as he prepares to unveil brand new tariffs. Trump is expected to announce sweeping reciprocal tariffs, raising