China Raises Costs for US Tourists
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President Trump had been justifying his tariffs with a series of claims about how the US is the victim of "unfair trade".
From BBC
U.S. President Donald Trump said on Thursday that he would love to get a deal with China to end an escalating trade war.
From Reuters
Most goods leaving the port—and others like it across China—will now incur outlandish tariffs if they enter America, the world’s biggest market and, until now, its staunchest champion of global trade...
From The Economist
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US inflation cooled to a 6-month low
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Inflation slowed sharply in March, new data showed Thursday, and in any other timeline, such news would stoke optimism that Americans’ cost of living is no longer surging.
From CNN
Inflation likely cooled in March, a welcome development given the uncertainties surrounding President Trump’s sweeping global tariffs.
From The New York Times
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China, US
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The escalating trade tensions have prompted turmoil in the stock market as people fear inflation and a possible recession.
From USA TODAY
China and the European Union have exchanged views on strengthening their economic and trade cooperation in response to U.S. tariffs, the Chinese Commerce Ministry said on Thursday.
From Reuters
"We are not going to be holding hands with China in respect of any contest that is going on in the world," Deputy Prime Minister Richard Marles told Sky News, referring to the Chinese ambassador's pr...
From Reuters
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China and the European Union are fighting fire with fire by upping their tariffs on U.S. goods. These retaliation levies
Imposing tariffs on U.S. imports from the Philippines could affect the U.S. ally's ability to afford U.S. weapons systems and a long-discussed $5.58 billion plan to acquire F-16 fighter jets, Manila's ambassador to Washington told Reuters.
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A bipartisan duo in the House is leading a crackdown on Chinese technology in the U.S. after President Donald Trump's tariff announcement.
17hon MSN
The tariff fight between the world’s two largest economies has spiraled into greater peril. President Donald Trump is now trying to narrow his global trade war into a risky direct faceoff with Beijing.
The Japanese operator of Uniqlo lowered its second-half underlying profit forecast by 10 billion yen ($68 million) on Thursday on expectations U.S. tariffs will hit the profitability of its fast-growing North American clothing business.
Economic experts warn that the president's worldwide tariffs would not disincentivize firms from opening up manufacturing in the U.S. because of the major instability.
“The Erie Regional Chamber is frustrated by the financial pressure building due to economic uncertainty at the federal level, which IRG cited as the reason to cancel plans for its Erie plastics recycling plant project," Brandon Mendoza, CEO of the Erie Regional Chamber and Growth Partnership, said in a statement.
With the dust now settled on the euphoric market rebound following President Donald Trump's trade war climb-down, investors are realizing that the global economy still faces the most punishing U.S. tariffs in nearly 100 years.
He said tariffs would encourage US consumers to buy more American-made goods, increase the amount of tax raised and lead to huge levels of investment in the country. Trump wants t