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Different wings of Trump-world are floating different ideas for how to implement tariffs when the president-elect takes office, sending conflicting signals to markets. The latest was a new report ...
President Joe Biden largely re-upped Trump's policy in May — and added new tariffs on certain sectors. Biden exclusively told Sozzi at the time that the fresh tariffs were about " being fair ."
The dollar tumbled broadly on Monday after an official for incoming U.S. administration said President-elect Donald Trump would not impose new trade tariffs on his first day in office, alleviating ...
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 ...
Further, Trump has also mentioned an additional 10% tariff upon any additional tariffs on imports from China (he has already promised a 60% tariff on China, per Reuters).
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 ...
If Trump’s proposed policies, from tariffs to tax cuts, cause more inflation, that could force the Fed to pull back even more on any easing — or even consider rate hikes. That likely wouldn ...
During the campaign, Trump vowed tariffs as high as 60% on China and up to 20% on other trading partners. After his victory, he vowed an additional 10% duties on China and 25% on Mexico and Canada.