Liberation Day, Tariff
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Impacts
Economists say the heavy tariffs will push up inflation and hinder the U.S. economy if they are not walked back soon.
From Investopedia
On Wednesday, President Donald Trump announced on social media that he’s issuing a 90-day pause on reciprocal tariffs to most nations, while raising U.S. tariff charges on China to 125%.
From HuffPost
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Trump, Markets and Tariffs
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Shares of Apple and Tesla have lost more than 10% since “Liberation Day” during the stock market rollercoaster.
From Forbes
his administration abruptly said it would suspend these higher rates for 90 days, and instead maintain a recently-imposed 10% levy on nearly all global imports.
From The Boston Globe
President Trump said his tariffs might cause "transition problems," but the country is in "very good shape."
From Wall Street Journal
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The Trump administration’s latest trade offensive is underway as Customs and Border Protection (CBP) begins enforcing “Liberation Day" tariffs, pulling in more than $200 million a day.
Before a global tariffs pause of 90-days was announced Wednesday, Trump had posted on his Truth Social a little after 9:30 a.m. EST: “THIS IS A GREAT TIME TO BUY!!! DJT.”
Trump's "Liberation Day" makes even Joe Biden's $400 billion ... far from clear that the IEEPA authorizes the use of tariffs, that we have an emergency here, or that there is any "unusual and ...
Major stock indexes edged up in volatile trading, the U.S. dollar eased and gold prices hit another record high on Friday as China increased its tariffs on U.S. imports and a brutal week of market swings drew to a close.
In the aftermath of Wednesday’s tariff whiplash, President Donald Trump is deciding exactly what he wants out of trade talks with as many as 75 nations in the coming weeks