Trump, Indonesia and tariff
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Trump, Tariffs
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International brands are spreading the cost increases globally to soften the blow in the American market, which means that Trump’s tariffs are hitting consumers worldwide
Trump’s tariff threats have disrupted the global economy and the response will dominate the agenda even as US Treasury Secretary Scott Bessent skips the gathering. Read on:
President Trump is pushing through with his tariff agenda, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August. Trump on Thursday announced a 35% tariff on Canadian goods.
The two countries are aiming for a 1 August deal even after Trump announced a new 35% tariff on imports from Canada last week.
President Donald Trump on Saturday announced 30 percent tariffs on all European goods entering the U.S., prompting pushback from European allies.
National Economic Council Director Kevin Hassett defended Donald Trump’s newly unveiled 50% tariff against Brazil on ABC News' "This Week."
Most European markets took a hit as trading resumed in the wake of President Trump's latest tariff threats, and as the EU keeps hoping for a deal.
The president’s tariff announcements suggest he has not backed away from his initial strategy, where even smaller trading partners will face tariffs.
The decision, posted in letters on his social media platform, has drawn concern and criticism from political and industry leaders across Europe and the United States.
As trade tensions rise and currency markets swing, how are companies around the world coping with the uncertainty?