Trade
U.S. Senate Republicans pass measure to move forward on Trump’s tax cuts
The U.S. Capitol building viewed through the bars of standard barricades in Washington, U.S., April 4, 2025. Leah Millis | Reuters The U.S. Senate approved a Republican budget blueprint early on Saturday that aims to extend trillions of dollars worth of President Donald Trump’s 2017 tax cuts and sharply reduce government spending. The vote, following […]
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China says ‘market has spoken’ after Trump tariffs spark global stocks rout
A man checks his phone next to an electronic board showing stocks on the Heng Seng Index in Hong Kong on April 3, 2025. Peter Parks | Afp | Getty Images China’s Foreign Ministry on Saturday said “the market has spoken” following the U.S. imposition of sweeping new tariffs and called for the White House […]
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Congress has power over tariffs, but stopping Trump isn’t likely as of now
President Donald J Trump addresses a joint session of Congress as Vice President JD Vance and Speaker of the House Mike Johnson (R-LA) listen in the Capitol building’s House chamber on Tuesday, March 04, 2025 in Washington, DC. Jabin Botsford | The Washington Post | Getty Images President Donald Trump is on a tariff spree […]
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Price hikes, layoffs and import fees: How car giants are reacting to Trump’s tariffs
An employee mounts a VW logo on a new Volkswagen Tiguan at the VW main plant. Picture Alliance | Picture Alliance | Getty Images Auto giants have responded to U.S. President Donald Trump’s tariffs by announcing plans to raise prices, impose import fees, pause production and even lay off staff. As part of plans designed […]
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U.S. energy secretary’s former company crushed by oil sell-off after Trump tariff escalation
Chris Wright, chief executive officer of Liberty Energy Inc. and US energy secretary nominee for US President-elect Donald Trump, arrives for a Senate Energy and Natural Resources Committee confirmation hearing in Washington, DC, US, on Wednesday, Jan. 15, 2025. Al Drago | Bloomberg | Getty Images Liberty Energy shares lost around nearly a third of their […]
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Tariffs will drive up the cost of airplanes, the United States’ star export
The production line for the Boeing P-8 Poseidon maritime patrol aircraft is pictured at Boeing’s 737 factory in Renton, Washington, November 18, 2021. Jason Redmond | Reuters President Donald Trump’s sweeping tariffs are set to drive up the cost of Boeing and Airbus planes, GE Aerospace engines, and hundreds of other aerospace and defense products, […]
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The EU could hit Wall Street where it hurts with its tariff response — the tech giants
The entrance to one of the Google buildings in the ‘Silicon Docks’ area in central Dublin, Ireland, on Tuesday, Nov. 29, 2022. Bloomberg | Bloomberg | Getty Images The European Union says it is keeping all options open if it fails to negotiate its way out of U.S. President Donald Trump’s hefty 20% blanket tariffs […]
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Why OPEC+ is accelerating oil production as prices are tanking and tariffs hammer markets
The Phillips 66 Company’s Los Angeles Refinery in California. Bing Guan | Reuters The oil price outlook is being hit with more bearish forecasts on the back of U.S. President Donald Trump’s sweeping and market-hammering tariff announcements. Businesses and investors worry that a trade war and lower global growth lies ahead. Goldman Sachs on Thursday […]
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El-Erian says U.S. recession risks are now ‘uncomfortably high’
Mohamed Aly El-Erian, chief economic advisor for Allianz SE. Bloomberg | Getty Images President Donald Trump’s extensive raft of import tariffs are putting the U.S. economy at risk of recession, Allianz’s Chief Economic Advisor Mohamed El-Erian warned on Friday. He added that Trump’s swathe of so-called reciprocal tariffs could have a significant effect on the […]
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What Trump says he’s trying to accomplish with tariffs
President Donald Trump holds a signed executive order after delivering remarks on reciprocal tariffs during an event in the Rose Garden on April 2, 2025. Saul Loeb | Afp | Getty Images President Donald Trump has cited a host of reasons to impose steep new tariffs on U.S. trading partners. Some of the justifications are […]
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