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Europe stocks open higher; German borrowing costs soar as Merz plans debt rule overhaul
European stocks opened higher Wednesday amid optimism that U.S. President Donald Trump’s 25% duties on Canada and Mexico could be relaxed, with investors also paying close attention to the potential reform of Germany’s contentious debt brake system. The Stoxx 600 index was 1.05% higher shortly after the open, following the broad downturn in global equities on […]
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Asia-Pacific markets mostly higher as investors assess China GDP and inflation targets
A man carrying a kite in the shape of the Chinese national flag walks along the Bund while buildings of Pudong’s Lujiazui financial district in Shanghai, China Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were mostly higher Wednesday as investors assessed China growth and inflation targets amid U.S. tariffs and escalating global trade tensions […]
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Trump to address joint session of Congress at 9 p.m. ET with DOGE, tariffs and Ukraine looming
President Donald Trump delivers his State of the Union address to a joint session of the U.S. Congress on Capitol Hill in Washington, U.S. January 30, 2018. Leah Millis | Reuters President Donald Trump is set to address a joint session of Congress on Tuesday night amid stock market turmoil driven by his stiff new […]
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Trump tariff compromises with Mexico and Canada teased by Commerce Secretary Lutnick
President Donald Trump will “probably” announce tariff compromise deals with Canada and Mexico soon, Commerce Secretary Howard Lutnick said Tuesday. The potential agreements would likely involve scaling back at least part of Trump’s brand new 25% tariffs on imports from Mexico and Canada, he added. Lutnick’s comments came minutes after the U.S. stock market limped […]
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Here’s how tariffs will hit the U.S. housing market
New homes being built in Englewood Cliffs, N.J. on Sept. 24th, 2024. Adam Jeffery | CNBC From lumber to drywall to appliances to finishings, much of what goes into a U.S. home comes from outside American borders. The cost of those products is about to go up, as President Donald Trump’s administration imposes tariffs on […]
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Inflation from Trump’s trade tariffs is going to hit soon, says shipping giant Maersk
The Maersk Halifax, on the Central and South America route, berths at the Qianwan Container Terminal of Qingdao Port in Qingdao, Shandong Province, China, on November 10, 2024. Nurphoto | Nurphoto | Getty Images As a result of President Trump’s tariffs on Mexico and Canada, prepare for higher prices to hit soon. That is the […]
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Trump’s tariffs could quickly cut North American auto production by a third
Autoworkers at Nissan’s Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs more than 7,000 people and produces a variety of vehicles, including the Leaf EV and Rogue crossover. Michael Wayland / CNBC DETROIT — Roughly a third of vehicle production in North America could be cut by next week as a […]
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Investors who bet on ‘Trump-lite’ get burned as hefty tariffs rock markets
Investors are finally taking President Donald Trump’s tariffs seriously, with the result being some ugly consequences for stocks. Stocks have chugged along since the election, even notching fresh all-time highs, as the “Trump-lite” narrative — as JPMorgan’s Maia Crook called it Monday — led to investor confidence that the current administration’s pro-growth policies would more […]
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Trump’s tariffs showcase his extraordinary presidential power — and its limitations
U.S. President Donald Trump reacts as he speaks with members of the media on the South Lawn before boarding Marine One at the White House, in Washington, D.C., U.S., Feb. 28, 2025. Nathan Howard | Reuters U.S. importers and their customers are about to experience the full force of President Donald Trump’s unprecedented use of […]
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Trump tariffs live updates: Mexico president says retaliatory tariffs coming Sunday
Mexico will announce retaliatory tariffs on Sunday, Sheinbaum says Mexico’s President Claudia Sheinbaum holds a press conference a day before the imposition of tariffs by U.S. President Donald Trump, at the National Palace in Mexico City, Mexico March 3, 2025. Luis Cortes | Reuters Mexican President Claudia Sheinbaum is now speaking about the U.S. tariffs, […]
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