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LONDON/NEW YORK (Reuters) -The dollar extended its slide while crude prices curtailed their losses after U.S. President Donald Trump said on Monday he would tariff and tax countries to enrich ...
Inflation is moderating, but economists expect that trend could reverse quickly if Donald Trump follows through with a proposal to impose 10%-20% tariffs on all imports and a 60% tariff on Chinese ...
Tariffs on that scale haven't happened in the U.S. in more than 50 years. ... In addition, tariffs would also cause the dollar to rise, dampening the cost impact on imported goods and making some ...
As a tech stock rout and U.S. dollar swings driven by President Donald Trump's tariff threats send markets into a tailspin, investors are piling into assets from Japan's yen to European credit ...
By the time that happened, the economy would be recovering, giving the impression that tariff cuts caused the crash and the reverse generated the recovery. Mr Irwin also methodically debunks the idea that protectionism made America a great industrial power, a notion believed by some to offer lessons for developing countries today.
Obviously, the causes of the Depression are still hotly debated, and popular understanding centers on the 1929 stock market crash, while the somewhat more informed will cite excessive easy credit ...
The study's authors noted that these were conservative measures of the losses from the tariffs, because they did not take account of the tariffs' effects in reducing the variety of products available to consumers, or the tariff-related costs attributable to policy uncertainty or the fixed costs incurred by companies to reorganize their global ...
His 10% tariffs could cost a middle-income household $1,700 a year, according to the Peterson Institute for International Economics; a 20% universal tariff would cost that same middle-income ...