Trump’s ‘Liberation Day’ tariffs are coming
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CBS News |
President Trump announced reciprocal tariffs on about 90 countries, including China and the European Union. Here's the list.
The Washington Post |
Wednesday was “Liberation Day,” the start of a multifront trade war President Donald Trump is waging against nearly all of our trading partners.
USA Today |
Some economists predict lower-income households will feel the biggest blow.
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Selling of U.S. stocks accelerated Thursday in the final hour of trading after President Donald Trump announced his latest plan for tariffs, sparking fears of a global trade war.
Russia and North Korea were excluded from Trump's tariff list as neither country engages in meaningful trade relations with the United States.
If the average tariff rate passes 20%, that could push the US into stagflation territory and give the economy a growth shock, Citi says.
Senate resolution: N.J. Sen. Cory Booker held the Senate floor for a record-setting 25-hour speech against Trump’s agenda. It inadvertently delayed a vote to nullify the emergency declaration behind tariffs on Canada, which could have enough GOP votes to pass. [Yahoo News/USA Today]
The penalties announced on Wednesday unleashed turbulence across world markets and drew condemnation from other leaders facing the end of an era of trade liberalization that has shaped the global order for decades.
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