Trump threatens American economy with tariff letters
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The data shows that tariff revenues are starting to build into a significant revenue contributor ahead of an August 1 deadline that Trump has set for "reciprocal" rates to kick in.
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Agence France-Presse on MSNTrump's dealmaker name on the line in high stakes tariff talksPresident Donald Trump set out early in his second term to fulfill a decades-long desire of reshaping US trade with the world, but the main outcomes so far have been discord and uncertainty. - 'Politically complicated' - "The shift in his rhetoric from 'there is no cost -- the foreigners pay the tariffs' to 'there is a short term cost,
President Donald Trump late Thursday threatened a 35% tariff on goods imported from Canada, a dramatic escalation in an on-again, off-again trade war with America’s northern neighbor and one of its most important trading partners.
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GlobalData on MSNUS retail strained by tariff tensions, policy shifts fuelling economic anxietyNational Retail Federation (NRF) chief economist Jack Kleinhenz has warned US tariff turmoil and policy shifts are driving ‘anxiety and confusion’ and causing economic uncertainty.
BANGKOK: Thailand and several other countries have until August 1, 2025, to finalise trade proposals under the United States' new "Reciprocal Tariff" policy, after Washington confirmed a 36 per cent retaliatory tariff rate on Thai exports.
US President Donald Trump has announced a 30% tariff on all imports from the European Union and Mexico starting August 1, warning of even higher duties if retaliation follows. The EU has pledged to protect its interests,
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Adam Posen from the Peterson Institute for International Economics discusses U.S. trade imbalances and explains why he does not see much harm from them. He also says Washington's move to slap levies on its allies appears incongruent with its concerns about national security.
The US dollar gains as Trump’s tariff threats boost safe-haven demand; DXY eyes 97.899 resistance with traders watching yields and Fed policy outlook.
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Philstar.com on MSNUS slaps higher 20% tariff on Philippine goodsUS President Donald Trump released a fresh set of letters to trading partners on Wednesday, setting out tariff rates for six countries as Washington pushes to bring about a flurry of trade deals officials have promised.
Trans-Pacific spot rates from Asia to the U.S. West Coast saw a marked reduction, falling 8% during the week ending July 4 to $3,124 per forty foot equivalent unit (FEU), and further dropping to $2,390 per FEU. This represents a decline of 60% from just three weeks prior when rates were as high as $6,000 per FEU.
US retail strained by tariff tensions, policy shifts fuelling economic anxiety National Retail Federation (NRF) chief economist Jack Kleinhenz has warned US tariff turmoil and policy shifts are driving ‘anxiety and confusion’ and causing economic uncertainty.
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President Donald Trump’s tariff fight moved forward yesterday as he escalated the U.S. trade war with Canada and said in an exclusive interview that he plans to impose blanket tariffs on most trade partners.