Mr Trump branded 2 April "Liberation Day", promising to unveil the reciprocal tariffs on countries deemed to be giving the US a bad deal on trade. And that's exactly what he did, saying the world would be hit w
In fact, tariffs haven’t been a major part of the U.S. budget since 1914, according to economic researchers at the Peterson Institute for International Economics, a nonpartisan think tank [6]. For tariffs to be a reliable income source, they have to be low and targeted enough to continue...
Truly reciprocal tariffs would impose the same tax on U.S. imports that other countries charge on American exports on a product-by-product basis. For example, if a country imposed a 6% levy on American-made shoes, Mr. Trump would tax that nation's footwear at the same rate.Currently, th...
Columbia professor Brett House argues there’s another motive to Trump’s action, exemplified by the fact that the White House has implemented both individual and blanket tariffs. He told Fortune:“The president loves creating a situation where other countries or individuals have to come and bargain...
Tariffs and DeepSeek, while apparently disconnected, share one common trait. They are uncertainties which have triggered a spike in market volatility and equity market sell-offs. On 27 January, when DeepSeek appeared on the market’s radar, the S&P 500 Semiconductor Index plunged 14%. Market di...
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7.5% to 25%, but tariffs on lithium-ion electric vehicle batteries will be implemented in 2024, while tariffs on lithium-ion non-electric vehicle batteries will not be implemented until 2026; tariffs on photovoltaic cells and components have been further increased from the previous 25% to 50%....
If we do tit-for-tat tariffs, in the end, trade will become freer because the U.S. has more leverage than other countries. So, the ultimate goal is to have free trade, but everybody has to compete fairly… Obviously, there’s a lot of people in the media who aren’t fans of Pre...
If central banks are cutting rates into an environment already healthy for nominal growth, that would be a uniquely positive backdrop for stocks.
Shares in JD Sports Fashion have fallen by more than 8% after it warned of hits to demand and prices from US tariffs. The company revealed a 2% fall in sales during its first quarter. JD was the biggest faller on the FTSE 100.