Trump Liberates Markets With 90-Day Pause on Most Tariffs
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Investopedia |
Economists say the heavy tariffs will push up inflation and hinder the U.S. economy if they are not walked back soon.
Reuters |
U.S. stock index futures fell on Friday after China increased its tariffs on U.S. imports to 125%, escalating a trade war that could disrupt global trade and trigger an economic downturn.
ABC |
Trump defended the tariffs he imposed on other nations but acknowledged some problems with the rollout in a meeting with his Cabinet, "but in the end it's going to be a beautiful thing."
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First, here's a quick summary of the tariff situation. Trump proclaimed April 2 "Liberation Day," suggesting that his tariff announcements represented economic freedom for the U.S. In early March, Trump initially spoke of tariffs on imports from Canada, China, and Mexico, then said he would announce the complete plan a month later.
U.S. President Donald Trump has for weeks pegged April 2 as "Liberation Day", when he ... easing cycle in January to monitor the impact of tariffs, in an uncomfortable position. For Anthony Saglimbene, chief market strategist at Ameriprise Financial ...
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Stocktwits on MSNTrump’s Liberation Day Impact – Steel Stocks Tumble With Broader Market, UBS Flags Tariffs As 'Incremental Negative' For These CompaniesSteel stocks fell sharply in pre-market trading Thursday after President Donald Trump's "Liberation Day" tariffs took effect, bringing in a 10% duty on all countries and additional reciprocal tariffs across 185 nations.