tariffs News

JPMorgan CEO Jamie Dimon Advocates for Tariffs as a Tool for National Security

JPMorgan Chase & Co CEO Jamie Dimon discusses the role of tariffs in national security, the impact of a strong dollar on the economy, and critiques the US bureaucracy, advocating f...

Sanchez Warns: A Trade War Between US and EU Benefits No One

Spanish Prime Minister Pedro Sanchez highlights the negative impact of a US-EU trade war, emphasizing the importance of strengthening transatlantic economic ties over engaging in c...

UBS CEO Warns: Trump's Tariffs May Hinder Interest Rate Declines

UBS CEO Sergio Ermotti discusses the potential impact of tariffs, including those proposed by President Trump, on interest rates and inflation. He warns that tariffs could slow the...

Wall Street Rises as Trump Begins Second Term with Promises of Tariffs

Wall Street sees a positive premarket response as Donald Trump is sworn in for another term, promising new tariffs. Investors also await corporate earnings and the World Economic F...

How Trump's Return Could Reshape Global Trade Dynamics, According to StanChart CEO

Standard Chartered Bank CEO Bill Winters discusses the potential impacts of Donald Trump's return to the presidency on global trade, highlighting challenges for China and a fundame...

Trump Delays Universal Tariffs, Imposes New Duties on Canada and Mexico Starting Feb. 1

President Trump announces new tariffs on Canada and Mexico starting Feb. 1, delaying universal tariffs. Criticizes Canada for illegal border crossings, emphasizes economic benefits...

Trump Considers Imposing 25% Tariffs on Mexico and Canada to Combat Fentanyl Crisis

President Trump announces plans to impose 25% tariffs on Mexico and Canada to combat the fentanyl crisis, aiming to curb drug trafficking and illegal crossings, with potential sign...

Trump's First Day: No Tariffs but a Focus on Trade Policy Overhaul

On his first day in office, President-elect Donald Trump will focus on reviewing existing trade policies and assessing trade relationships with China, Mexico, and Canada, rather th...

Donald Trump Plans to Revolutionize Trade with New External Revenue Service for Tariffs

Former U.S. President Donald Trump announces a plan to establish an external revenue service to collect tariffs and duties from foreign sources, aiming to shift U.S. trade policy t...

Sajjan Jindal on India's Industrial Future: Tariffs, China, and a $70 Billion Investment Plan

Sajjan Jindal, chairman of JSW Group, discusses the necessity of tariffs to protect India's industries from Chinese dumping, the challenges of competing with China's manufacturing ...

St. Louis Fed President Advocates for Gradual Rate Cuts Amid Economic Shifts

Federal Reserve Bank of St. Louis President Alberto Musalem now favors a more gradual approach to interest rate cuts, influenced by stronger economic data and higher inflation. He ...

Trump Considers Economic Emergency Declaration to Impose Sweeping Tariffs

President-elect Donald Trump is contemplating declaring a national economic emergency to support the imposition of extensive tariffs, utilizing the International Economic Emergency...

Oil Futures Surge Amid Anticipation of Trump's Policy Overhaul

Oil futures prices climbed as investors anticipated major policy shifts under President-elect Donald Trump, including tariffs, deregulation, and tax reforms. The Fed's hawkish stan...

Trump Calls on EU to Boost U.S. Oil and Gas Imports to Avert Tariffs

President-elect Donald Trump urges the EU to increase U.S. oil and gas imports to address trade deficit, warning of potential tariffs if action is not taken.

Powell: Fed Won't Act on Tariffs Until Implemented

Federal Reserve Chair Jerome Powell stated that the central bank will not make any policy decisions in response to tariffs until they are implemented, despite studying their potent...

US Markets Dip Ahead of Fed Policy Decision and Builder Confidence Decline

US stock market indexes closed lower on Tuesday as investors awaited the Federal Reserve's latest monetary policy decision and assessed the impact of declining builder confidence. ...

Tim Cook's Dinner with Trump: Key Issues on the Table at Mar-a-Lago

Apple Inc. CEO Tim Cook is set to meet with US President-elect Donald Trump at Mar-a-Lago. The discussion will likely cover the $15 billion tax dispute with the EU and proposed tar...

Nissan Cuts Car Production in Mexico Amid US Market Challenges

Nissan Motors has reduced production levels at its Mexico plant by 50% due to sluggish US sales and potential tariff increases under incoming US President Donald Trump's administra...

Could Trump's Policies Mark the Beginning of the End for the US Dollar's Global Dominance?

Donald Trump's 'America First' policies and threats of tariffs could potentially disrupt global trade and hasten the end of the US dollar's dominance, which has been central to int...

Trump's Tariff Threat: BRICS Nations Face 100% Duties Over Dollar Challenge

President-elect Donald Trump has threatened BRICS nations with 100% tariffs if they move away from the U.S. dollar. This move comes as a response to the BRICS alliance's exploratio...

Trump's Tariff Tsunami: A 25% Hit on Mexico, Canada, and China

President-elect Donald Trump announces a 25% tariff on imports from Mexico and Canada, aiming to curb drug trafficking and illegal immigration. Additionally, he plans to impose an ...

Dollar Surges Against Dong Amid Global Market Volatility

Vietcombank sold the dollar 0.01% higher at VND25,509. The State Bank of Vietnam raised its reference rate by 0.01% to VND24,295. Globally, the U.S. dollar surged against major riv...

Trump's Tariffs Could Weaken the EU Economy, Warns ECB's Cipollone

European Central Bank (ECB) Executive Board member Piero Cipollone warns that import tariffs announced by United States President-elect Donald Trump could weaken the European econo...

Trump Vows to Revive US Steel with Tax Incentives and Tariffs

U.S. President-elect Donald Trump opposes the acquisition of U.S. Steel by Nippon Steel of Japan, vowing to revitalize the American steel industry through tax incentives and tariff...