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Stocks? Down. The U.S. dollar? Same. Demand for U.S. bonds? Also sinking. This isn’t supposed to happen — not all three at once. But Barry Eichengreen sees a historic reaction where there’s really one common theme: a collapse in faith in the United States. “Global investors have concluded that there …
Read More »IMF warns Trump’s tariffs will slow U.S., global economies as we enter ‘a new era’
The U.S. and global economies will likely slow significantly in the wake of U.S. President Donald Trump’s tariffs and the uncertainty they have created, the International Monetary Fund said Tuesday. The IMF said that the global economy will grow just 2.8 per cent this year, down from its forecast in January …
Read More »U.S. academic leaders unite against Trump’s higher education policies
More than 100 university, college and scholarly society presidents published a joint statement on Tuesday opposing the Trump administration’s treatment of higher education institutions, coming together to speak out after Harvard University said the administration was threatening its independence. The statement, signed by presidents from such institutions as Princeton, Brown, …
Read More »Thousands protest Trump’s policy as Supreme Court pauses deportations
14 hours ago News Duration 2:37 Tens of thousands of protesters rallied across the U.S. over the weekend to denounce President Donald Trump’s deportation policies, calling them the end of due process. At the same time, the Supreme Court blocked the removal of migrants the White House planned to deport …
Read More »Trump’s tariff confusion could leave planes, engines in limbo
Cars, consumer goods and industrial equipment have been delayed at ports, stuck on rail cars and languished in warehouses at times over the last few months due to the White House’s on-again, off-again tariff policy. Planes and their engines are usually ordered by U.S. buyers years in advance, and tariff confusion risks …
Read More »Trump’s 104% tariffs on China to take effect at midnight, quashing earlier market gains
The United States said on Tuesday that 104 per cent duties on imports from China will take effect shortly after midnight, even as the Trump administration moved to quickly start talks with other trading partners targeted by U.S. President Donald Trump’s sweeping tariff plan. U.S. stocks dropped on Tuesday for a fourth straight …
Read More »It’s clear who sees tariffs as a political winner in Washington. It isn’t Trump’s side
Some of Donald Trump’s friends in Washington suddenly sound nervous about him having the keys to the economy. A few are even talking about wrenching them away. There are a few nascent efforts to pare back the U.S. president’s legal power to set tariffs, now being used in an unprecedented …
Read More »‘Tariff the seagulls?’ These are the remote islands on Trump’s tariff list, and what they export
An uninhabited Antarctic outpost populated by penguins. One of the smallest economies in the world. An Arctic archipelago with more polar bears than people. To quote Australian Prime Minister Anthony Albanese, it really does appear that “nowhere on Earth is safe” from U.S. President Donald Trump’s sweeping tariffs. Trump rattled markets, …
Read More »China slaps 34% retaliatory tariff on the U.S., says Trump’s levy ‘seriously violates’ world trade rules
China announced Friday that it will impose a 34 per cent tariff on imports of all U.S. products beginning April 10, part of a flurry of retaliatory measures following U.S. President Donald Trump’s “Liberation Day” slate of double-digit tariffs. The new tariff matches the rate of the U.S. “reciprocal” tariff …
Read More »Global stock markets reeling following Trump’s tariffs shock
Financial markets around the world are reeling in the wake of U.S. President Donald Trump’s latest and most severe volley of tariffs — and the U.S. stock market may be taking the worst of it. The S&P 500 was down four per cent in early trading Thursday, while the Dow Jones …
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