US, EU Agree Trade Deal, EU Will See 15% Tariff Across Board
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The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading partner.
U.S. Federal Reserve Chair Jerome Powell on Tuesday reiterated the U.S. central bank plans to "wait and learn more" about the impact of tariffs on inflation before lowering interest rates, again ...
Trump is targeting China's transshipments through Southeast Asia. But can tariffs and trade agreements really curb China's regional exports?
The Trump administration’s tariffs roughly break down into one of two categories. What do each of them mean for the global economy?
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Benzinga on MSNAnalysts Warn Market Is Ignoring Impact of Existing Tariffs on Margins and Economic GrowthSome market analysts say investors are underestimating the risks from existing tariffs, according to Bloomberg. Average U.S. import duties have surged to over 13%, up fivefold from last year, reducing profit growth by 5% or more and adding pressure to the broader economy.
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Business pessimism while waiting for Brussels to explain how the cost of the agreement with Trump is distributed: "It is unfair and unbalanced"Exports to the United States could drop by 10%, although the impact could be greater in sectors more dependent on the American market, such as food, machinery, and steel. There is an agreement, but uncertainty persists among sectors most exposed to the US market,
A University of Minnesota economist clearly defines what businesses and consumers should expect from broad-based tariffs.
Tariffs, essentially taxes on imported goods, are potent tools governments wield to protect domestic industries, influence trade balances, or exert geopolitical pressure. When these duties are applied
ST. JOSEPH COUNTY, Ind. (WSBT) — Tariffs have impacted many industries over this past year, and for the fireworks industry, where almost all of the product is imported, there is a lot of concern ...
ALBANY, N.Y. (NEW10)–Governor Kathy Hochul wants state agencies to collect and report data on the impact federal tariffs are having on New York State’s Economy. In a three-page memo issued by…
The path to the EU’s capitulation to Donald Trump’s trade blitz was set on April 10. The sweeping “liberation day” tariffs that the US president had inflicted on most of the world earlier that month had sent financial markets into a tailspin as investors dumped US assets over recession fears.