Fed Research Exposes the Tariff Fearmongers
Tariffmagedeon won't hurt consumers President Trump's new tariffs are set to come into effect, and critics are once again predicting an economic disaster. A calm look at recent economic research into the history of tariffs and their effects suggests that this fear is eerie. The government is moving forward with a 25% tariff on imports […]
Gold News: US Tariff Threats and Weaker Dollar Fuel Safe-Haven Demand – FX Empire
Daily US Dollar Index (DXY)The weaker US dollar supports gold as the Dollar Index has dropped by 0.6% from its recent two-week high. This decline makes gold more attractive to foreign buyers and strengthens the safe haven demand. Investor sentiment is also driven by an escalating trade tension. President Trump threatened a 10% tariff on […]
No fooling: Trump sets April 2 as date for 25% auto tariff
“The European Union was formed to ruin the United States,” Donald Trump said this week. “That's what it was about. They did a good job with it, but now I'm the president.” A harsh sound? Take into consideration the numbers. The US currently imposes a 2.5% tariff on cars imported from Europe. Meanwhile, Europe imposes […]
Asia-Pacific markets rise as investors await clarity on Trump's tariff plans – CNBC
It is known for its main bazaar, Paharganj, hotels, lodges, restaurants, Daba and a wide range of shops that cater to both domestic and foreign tourists, especially backpackers and budget travelers. Hadina | E+ | Getty Images The Asia-Pacific market rose on Monday as investors clarified President Donald Trump's plan to impose tariffs on major […]
Top Canadian official slams Trump for tariff plan: ‘You lose prosperity’
Top Canadian diplomats have issued warnings about President Donald Trump's plan to track collection of tariffs on Canadian imports, claiming the move will cause both countries to be lost. “If you put too many barriers before trade, if there are too many taxes and tariffs before trade, you'll reduce everything, fire people, lose jobs, lose […]
Trump's tariff threats work: Watters
Fox News host Jesse Watters discusses what President Donald Trump’s tariff threats mean for Canada and Mexico on ‘Jesse … source
Blue state governor sounds the alarm on Trump’s tariff plans
The Trump White House is fighting back after Gov. Gretchen Whitmer (D-Mich.) warned Wednesday that President Donald Trump's 25% tariff could put Michigan's automotive industry at risk. During the speech of the state's seventh state, Whitmer issued warnings to Trump's plan to impose a 25% tariff on Canada and Mexico, urging the White House to […]
National Bank sticking with guidance despite tariff threat – Yahoo Canada Finance
The National Bank of Canada believes that uncertainty due to potential tariffs is growing, but says it has not yet adjusted its revenue expectations due to the threat. Banks, like others who have reported so far, are still keeping their forecasts for growth per single share, so they're not in the way of hits. “We […]
Eli Lilly Announces Plan To Invest $27 Billion In America Amid Trump Tariff Threats
Eli Lily announced Wednesday that it plans to more than double US manufacturing investment this year to $50 billion as President Trump threatens to threaten tariffs on drug imports. The drug giant will begin construction of four domestic manufacturing sites in 2025, adding 13,000 high-wage manufacturing and construction jobs. press release. The company claimed the […]
Eli Lilly to spend up to $27 billion in new domestic plants amid Trump tariff threat
Drugmaker Eli Lily is planning to invest up to $27 billion to build four new drug manufacturing sites in the United States, the company announced Wednesday. The company said that three future US sites will focus on the production of active drugs. The fourth place focuses on injectable therapy. Lily said the site has not […]