Tag Archives: economic impact of tariffs

US President Donald Trump’s sweeping new tariff regime, set to take effect August 7, has triggered a wave of economic disruption across the globe, from low-income nations like Laos and Algeria to wealthy trade partners such as Canada and Switzerland.Under the new policy, countries face steep new import duties unless they agree to revised trade terms with the US. Trump …

US President Donald Trump has sent letters to 23 trading partners this week, including Canada, Japan, Brazil, and others — threatening blanket import tariffs ranging from 20% to 50%. The move, part of a renewed aggressive trade stance, also includes a 50% duty on copper imports.The letters outline that the proposed 30% general tariff would be in addition to existing …

Donald Trump (PTI photo) US President Donald Trump on Saturday doubled down on his sweeping tariff policies, claiming that China has been hit “much harder” than the United States in the ongoing trade war between the world’s two largest economies. His remarks came a day after US stock markets tumbled, leading to concerns over a potential global recession.Taking to Truth …

Global stock markets, including those in the US and Europe, fell sharply on Wednesday as uncertainty loomed ahead of US President Donald Trump‘s highly anticipated tariff announcement, raising fears of a potential global trade war, according to news agency AFP. Investors are on edge as Trump prepares to unveil a new wave of tariffs, known as “Liberation Day,” which could …

Donald Trump (File photo -AP) US President Donald Trump has dubbed this Wednesday as “Liberation Day,” promising to unveil a new round of tariffs aimed at freeing the United States from reliance on foreign goods. While the details remain vague, the stakes are high for American families, businesses, and the global economy.What’s in store with Trump’s new tariffs?Trump plans to …