President Donald Trump’s “Liberation Day” tariffs will likely hurt US regional and Canadian banks, while Chinese banks’ exposure seems limited. Trade spats could also have negative implications for a lending rebound that many US regional banks were anticipating in 2025.
By Mark John, Francesco Canepa and Leika Kihara LONDON/TOKYO (Reuters) -The latest round of U.S. trade tariffs unveiled on Wednesday will sap yet more vigour from a world economy barely recovered from the post-pandemic inflation surge,
President Donald Trump's reciprocal tariffs against 180 countries sent global markets reeling, with U.S. stocks seeing their biggest one-day plunge since 2020 and unleashing dire predictions for the economy,
Trump’s tariff announcements in his so-called “Liberation Day” have ushered in a whole new era of global politics, world leaders, officials and analysts say.
President Trump wants to bring pharmaceutical manufacturing back to the U.S. Experts warn tariffs could result in shortages and higher prices for generics.
The ripple effects of President Donald Trump’s new wave of sweeping tariffs announced this week will be felt the most by lower-income Americans, who are heavily reliant on products from countries hit the hardest by Trump’s tariffs.
Chinese outdoor furniture maker Jin Chaofeng set up a factory in Vietnam last July to escape higher U.S. tariffs. Now he is looking to close it, as Washington imposes steep levies on Hanoi and the rest of the world.
World leaders were hit with an escalation in the US trade war as Donald Trump unveiled a swathe of tariffs on imported goods affecting nearly every country.On so-called “Liberation Day”, the United States president announced that almost all imported goods would be hit with blanket tariffs,
Cathie Wood warns Trump’s tariffs could tip the U.S. into recession — but says innovation and smart policy could fuel a stronger recovery.
8don MSN
Noted economist Arthur Laffer warns in a new analysis President Donald Trump’s 25% tariffs on auto imports could add $4,700 to the cost of a vehicle.
Some car buyers have been rushing to showrooms across the country this weekend, as automakers brace for Trump’s 25 percent tariffs on vehicles and auto parts made outside the United States. The tariffs kick in on Thursday and could raise some car prices by thousands of dollars.