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Trump's 'Liberation Day' tariffs
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President Donald Trump is set to announce a barrage of self-described “reciprocal” tariffs on friend and foe alike.
From The Washington Post
Trump has referred to 2 April as "Liberation Day", saying the tariffs he will announce will free the country from depending on foreign goods.
From BBC
Futures indexes tied to the three main American stock markets were all trading down on Wednesday evening, as investors braced for the impacts of the sweeping worldwide tariffs Donald Trump announced e...
From Yahoo
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PC vendors say they thought the 25% tariff was on raw aluminum and steel, not finished products. Unfortunately, the policy also targets aluminum 'derivative' products.
Steel and aluminum are essential for high-rise construction, and are often cheaper to produce in countries like China, Mexico or Canada, one expert said.
The levies are expected to drive up costs for U.S. companies that rely on renewable energy technology from abroad and scramble supply chains worldwide.
While many Americans are concerned about the impact of President Trump’s tariffs, Capone Iron Corporation president Stephen Capone has a positive view of them. He tells José Díaz-Balart that his tariffs will help his company against foreign competitors.
PC vendors initially believed the 25% tariff applied only to raw aluminum and steel, but the policy also extends to finished products
The cost of consumer goods like coffee and beer could rise in the face of wide economic tariffs, but some manufacturing businesses believe limiting foreign competition could lead to new jobs.
The tariffs levied by the president are likely to reduce economic growth and could raise inflation, according to Nationwide's chief economist.
India runs the risk of dumping of steel products into the country after the US tariff imposition, along with concerns over the impact of tariffs on global demand.
"We are going to fight these tariffs with countermeasures," Canadian Prime Minister Mark Carney said Wednesday.
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