CNBC's Steve Liesman Slams Trump's "Made-Up" Liberation Day Tariffs
#CNBC #TradeTariffsCNBC reporter Steve Liesman criticized President Trump for inventing tariff rates, calling them "made-up" and questioning the methodology. Liesman highlighted that experts in international trade had never heard of the formula and concluded that Trump devised it on the spot, causing market turmoil. read more
"Norfolk Island Hit With 29% Tariff by U.S. President"
#NorfolkIsland #TradeTariffsNorfolk Island, with minimal exports like Kentia palm seeds, was shocked to be hit by a massive 29% Trump tariff, alongside major economies. Even territories without residents, like the Heard and McDonald Islands, faced tariffs, leaving Australian Prime Minister baffled. read more
Republican Senators Oppose Trump's Canadian Tariffs, Express Concerns
#TradeTariffs #RepublicanDefectionsSome Senate Republicans consider joining Democrats to oppose Trump's tariffs, as fears grow over economic impact. Rand Paul of Kentucky supports the resolution to stop tariffs against Canada, despite Trump's push. read more
Trump imposes steel and aluminum tariffs, likely raising consumer prices
#TradeTariffs #USImportsPresident Trump has imposed new tariffs on steel and aluminum, targeting over $150 billion worth of imported goods, which could lead to cost increases for items like cars, appliances, and canned foods. read more
Trump Acknowledges Possibility of US Recession Amid Tariff Uncertainty
#Trump #TradeTariffsPresident Trump doesn't rule out US recession amidst trade tariff uncertainties, aiming for economic success through a period of transition. He downplays stock market volatility, aligning with his trade policies, and refutes views of potential inflation increase due to tariffs. read more
"Tariffs pose farming losses, consumer price hikes amid trade tensions"
#USFarmers #TradeTariffsFarmers and meat producers in the U.S. are facing significant financial challenges due to new tariffs on Mexico, Canada, and China. President Trump's reassurances may not alleviate the impact as consumers are warned about potential price increases. read more
Trump's Tariffs Cause Stock Market Slump Amid Escalating Trade War
#TradeTariffs #StockMarketImpactPresident Trump's 25 percent trade tariffs on Mexico and Canada have impacted stock markets which faced a plunge on Wall Street. Trump asserted that the tariffs were essential due to drug influx, while Mexico, Canada, and China vowed to retaliate. read more
Trade Tariffs Cause Major Stock Decline for Top Companies
#TradeTariffs #StockMarketCrashNumerous global companies experienced significant share drops following President Trump's announcement of trade tariffs on Mexico, Canada, and China. Industries like car manufacturing and chipmaking were notably affected, with stocks plummeting on various stock exchanges. read more
President Trump Announces 25% Tariff on Canadian and Mexican Imports
#USPolitics #TradeTariffsPresident Trump insists on imposing massive tax hikes on Canadian and Mexican imports, believing that these taxes are paid by foreign countries despite the fact that American importers and consumers bear the cost. read more
Lord Mandelson Urges UK Government to Address US Tariffs
#UK #TradeTariffsLord Mandelson expressed worry over potential US tariffs and advised the UK government to share opinions privately. The US's plan for a 25% tariff on steel has caused fears for the UK’s fragile industry. The government must respect Trump's agenda while figuring out how to influence it. read more
Greg Jericho analyses Australia's vulnerability to Trump's tariffs
#TradeTariffs #EconomicPolicyGreg Jericho highlights the US' imposition of a 25% tariff on steel and aluminum imports, reminiscent of previous actions by Trump in 2018. Australia was previously exempt but now must face the consequences, emphasizing the need for self-reliance in trade negotiations. read more
Trump Announces New 25% Tariffs on Steel and Aluminum
#Trump #tradeTariffsDonald Trump announces 25% aluminum and steel tariffs, on top of existing duties, escalating trade policy. Reciprocal tariffs to be announced later in the week. Trump also raises concerns about potential fraud in US treasuries. read more
Global Backlash: Canada, Mexico, China to Retaliate US Trade Tariffs
#TradeTariffs #InternationalRelationsCanada, Mexico, and China retaliate against US tariffs imposed by Trump as Beijing vows countermeasures. The US will enforce a 25% tariff on Canadian and Mexican exports, with energy resources facing a lower 10% levy, while China will see an additional 10% tariff on goods. read more
Justin Trudeau to Resign as Canadian PM Amidst Trump Tensions
#JustinTrudeau #TradeTariffsJustin Trudeau announces his resignation as Canada's Prime Minister after backlash within his party due to trade tariff concerns with President-elect Trump. Trudeau vows to remain in office until a successor is chosen. Former Bank of England governor Mark Carney considers running for Trudeau's position. read more
Trump's Proposed Tariffs Could Hit U.S. Consumers Hard
#TradeTariffs #USConsumersDonald Trump's proposed tariffs on Mexico, Canada, and China could raise prices for U.S. consumers on items like oil, vehicles, electronics, sugar, fruits, and meats. Experts warn of potential inflation and price spikes in various sectors. read more
Mexico's President Sheinbaum Criticizes Trump's Tariff Threats
#Mexico #TradeTariffsMexican President Claudia Sheinbaum criticizes Trump's threat of tariffs, highlighting potential economic risks for both countries. She argues that targeting Mexico won't address the root cause of immigration and drugs. Trump's approach is seen as a negotiation tactic rather than a long-term strategy. read more
Trump's Tariffs on China, Mexico, Canada Threaten Global Trade Economy
#TradeTariffs #GlobalEconomyIf Donald Trump's plan follows through, exports from China, Mexico, and Canada to the US will face 25% tariffs, potentially impacting global economic growth. The threat of tariffs raises concerns for economies worldwide. read more
Concerns Rise Over Tariffs on German Carmakers by US Administration
#FordFseries #TradeTariffsThe Ford F-Series has been the US's top-selling vehicle for 42 years, partially due to tariffs that hindered European carmakers. Trump's tariff threats could shift production, impacting German carmakers and their US sales, with potential to disrupt the global automotive industry. read more
Global Investors Scramble to Decipher Trump's Impact on Industries
#TradeTariffs #EconomicImpactsDonald Trump threatens tariffs of at least 10% on all goods imports, causing shifts in stock markets, and impacting global industries such as manufacturing, technology, energy, aerospace, defense, and food and freight. read more