Trump announces 10% tariffs on UK and 20% on EU
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The new tariffs are expected to reignite inflation, hammering consumer spending, which makes up 70% of economic activity.
From USA TODAY
The U.S. will now impose a 10% baseline tariff on all imports to the country effective April 5 and higher duties on several of its biggest trading partners.
From Reuters
Trump's tariffs, which he imposed via executive order, are expected to send economic shockwaves around the world.
From BBC
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Financial markets declined markedly after President Donald Trump unveiled steeper-than-expected retaliatory tariffs.
Robert Habeck warns that Trump's tariffs could trigger economic downturn, risking recession and disrupting international trade - Anadolu Ajansı
Economists at Piper Sandler, an investment bank, said that President Trump’s tariffs are more dramatic and darker for the U.S. economic outlook than they had expected. The firm’s Nancy Lazar and Jake Oubina expect that tariffs will add 2.
By Howard Schneider WASHINGTON (Reuters) -Rising tariffs in the U.S. could feed into more prolonged inflation than might be expected, Fed Governor Adriana Kugler said on Wednesday, pushing back on views that prices would only rise on imported goods.
Latest round of escalation brings tariffs on China close to Trump's campaign trail promises. President Trump imposed a 34% reciprocal tariff on China, which is repor
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Tariffs will result in a 1% increase in headline CPI, according to Andrzej Skiba, BlueBay Asset Management’s head of fixed income. That will prevent the Fed from cutting interest rates in coming months regardless of likely slowing in economic activity,
Progress towards the U.S. central bank's 2% inflation target has slowed recently and may have stalled, Federal Reserve Governor Adriana Kugler said on Wednesday, a reason to keep interest rates where they are.
During the first three months of 2025, the S&P 500 lost 4.6%, marking the worst quarter in two-and-a-half years. The tech-heavy Nasdaq composite ended the first three months of the year with a 10.4% decline, while the Dow Jones Industrial Average shed 2.2% over the same period.