Trump stokes trade war
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CNN notes some of the weirdest places included on Trump’s big list of tariff targets, including polar islands where there is no economic activity: That is the exact case of the Heard Island and McDon...
From New York Magazine
The Dow plunged 1,500 points, or 3.6%.
From CNN
U.S. crypto stocks declined in premarket trading on Thursday after President Donald Trump's latest round of sweeping tariffs rattled investor confidence due to rising global trade tensions, sparking a...
From Reuters
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Tributes to "maverick Hollywood bad boy and movie icon" Val Kilmer splash across many of today's papers, but the Metro uses its full top spread to commemorate the 65-year-old Top Gun actor. His death was confirmed last night by his daughter, who said Kilmer died of pneumonia on Tuesday. [BBC]
Almost all women get manicures now,” one resident said. “We even got a private dog grooming service in our town, now that’s a real indicator.”
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Asianet Newsable on MSNTrump’s Tariff War Is Accelerating A Much Larger Economic Shift, Says Economist El-ErianAllianz Chief Economic Advisor Mohamed El-Erian reportedly said that the latest U.S. retaliatory tariffs by the Trump administration are more than just another trade fight – they’re part of a much larger transformation that will define the future of the global economy.
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RBC Ukraine on MSNEconomic 'catastrophe'. How Trump's trade war hits global marketsDonald Trump imposed tariffs on all US trade partners, including Ukraine. Politicians around the world criticized the American leader, warning of an economic catastrophe. Read about the potential consequences of trade protectionism below.
In its first months, U.S. President Donald Trump's administration has moved to deter China from threatening its neighbors, signalling that the U.S. will ramp up its military presence in the Indo-Pacific and offer more support to Taiwan.
China is "perhaps the biggest loser" in America's new trading regime, said The Telegraph. Trump imposed 34% reciprocal tariffs on all Chinese goods – and analysts believe that's in addition to the two rounds of 10% tariffs Trump has already imposed, meaning a combined tariff of 54%.
The levies were seen as more aggressive than expected, with a 10 percent duty on all exports to the US and even higher rates on about 60 nations.
In “Chokepoints”, Edward Fishman, a former official at both the Department of State and the Department of the Treasury, describes how the American government’s unglamorous economic arms have jumped into the middle of the country’s geopolitical fights over the past two decades.
European leaders have said they would prefer to negotiate. If that fails, their response could go beyond anything they’ve tried before.