Trump promises new 100% tariff on China
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America’s national debt is spiraling higher by the second. At the time of writing it sits at over $37.8 trillion, and there are $1.2 trillion in interest payments to service the borrowing. JPMorgan CEO Jamie Dimon and Fed chairman Jerome Powell have both expressed concerns about it.
The U.S. economy hasn’t suffered much so far from increases in tariffs or a decline in the labor supply due to tighter immigration rules. But that might change. So says a new report from the International Monetary Fund.
The International Monetary Fund said the impact of trade tensions had been limited so far, but it expects growth to slow.
Analysts are a little more upbeat about European companies' third-quarter results than a week ago, according to the latest estimates compiled by LSEG I/B/E/S, despite the latest flare-up in trade tensions between the U.
President Trump said Friday he will impose an additional 100% tariff on imports from China starting next month — marking a significant escalation in the U.S.-China trade war.
Stocks in the United States recovered from their worst decline in months, after President Trump softened his tariff threat on China. Earlier, markets in Asia dropped.
By Gianluca Lo Nostro and Agnieszka Olenska (Reuters) -Shares in Ericsson surged more than 13% on Tuesday after the Swedish telecoms equipment maker exceeded expectations for quarterly earnings growth and played down the impact of U.
U.S. consumers will likely pay for more than half the cost of tariffs this year through higher prices, according to a new Goldman Sachs analysis.