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Gradually increasing tariffs by 2% to 5% a month (Bloomberg, Jan. 13, 2025) Implementing additional 25% tariffs on imports from Mexico and Canada and an extra 10% on goods from China (Truth Social ...
Trump’s plan for tariffs, tax cuts, reduced regulation, and a crackdown on immigration could lead to inflation rising by 2.7% by the end of 2025, JPMorgan hedged, with the Fed funds rate rising ...
Trump said the tariffs would be imposed due to Chinese theft of U.S. intellectual property. [126] Trump said his planned tariffs on Chinese imports would make the United States "a much stronger, much richer nation". [127] However, the steps toward imposing the tariffs led to increased concerns of a global trade war. [126]
January 21, 2025 at 12:45 PM ... The IMF warned last week that a threatened wave of Trump tariffs would make trade tensions worse, lower investment, and disrupt supply chains across the world.
January 7, 2025 at 7:58 AM. ... To retaliate against the Trump metal tariffs, ... Biden mostly removed Trump’s steel and aluminum tariffs after taking office in 2021. Steelworker employment ...
Trump, who takes office on Jan. 20, 2025, said he would impose a 25% tariff on imports from Canada and Mexico until they clamped down on drugs, particularly fentanyl, and migrants crossing the ...
In 2018, President Trump implemented a 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum, kicking off a trade war with various countries. Canada then imposed its own ...
Chua expects growth in the region’s six largest economies to average 4.9% in 2025. But he warns that higher U.S. tariffs could pressure the region’s key growth engines, exports and ...