Debunking the NY Fed’s Tariff Tunnel Vision
Fed's flawed calculations on President Trump's tariffs A new New York Fed study claims that tariffs imposed during President Trump's first term inflicted trillions of dollars in economic damage and severe “welfare losses” on Americans, but during the Trump administration. An unprecedented situation occurred Rising household incomes, a booming stock market, and historically low unemployment […]
Newsom rails against Trump’s 25% tariff plan during southern border visit: ‘It’s a betrayal’
California Gov. Gavin Newsom is visiting the southern border Thursday afternoon to announce plans to complete construction of the Otay Mesa East Port of Entry, during a visit to President-elect Trump's plan to impose a 25% tariff on goods from Mexico and Canada. He vehemently criticized the proposal. Newsom said the tariffs are “one of […]
Trump’s tariff threats could open the door to China
renewal of United States-Mexico-Canada Agreement It was never easy. However, President-elect Trump announcement He is expected to issue an executive order this week imposing 25% tariffs on all imports from Mexico and Canada, threatening the accord that is the framework that guides free trade and economic growth in North America. The USMCA was signed in […]
China Says BRICS Nations Will Push Back Against Trump Tariff Threat
Chinese Foreign Ministry Spokesperson Lin Jian said on Tuesday that China expects members of the BRICS economic bloc to push back against President-elect Donald Trump's tariff threats. “As an important cooperation platform for emerging market and developing countries, BRICS advocates openness, inclusiveness and win-win cooperation rather than conflict between blocs, and is not targeting any […]
China’s yuan hits lowest level in months as Trump tariff threats roil currencies – South China Morning Post
Onshore and offshore yuan hit multi-month lows against the US dollar as Donald Trump's re-election as US president heightened concerns about broader trade tensions and punctured China's currency's previous strength. It fell to As of Tuesday morning, the offshore yuan had fallen by about 0.39% to 7.3148 yuan to the dollar, below the benchmark of […]
Australian Dollar attracts some sellers, pressured by Trump’s tariff threats – FXStreet
The Australian dollar edged lower in Asian trading on Tuesday. Resurgent demand for the dollar and President Trump's tariff threats are weighing on the dollar. Hawkish expectations for the RBA could limit the downside. Investors brace for US October JOLT job numbers and FedSpeak on Tuesday. The Australian dollar (AUD) extended its downside to around […]
Gold prices dip as Trump tariff threat supports dollar – Investing.com
Investing.com — Gold prices fell in Asian trade on Monday, weighed down by a stronger dollar after U.S. President-elect Donald Trump threatened to impose steep tariffs on the BRICS group. Demand for safe-haven gold was also hampered by signs that the ceasefire between Israel and Hezbollah appears to be holding, although rising tensions between Russia […]
Cruz defends Trump tariff plan: Threat 'immediately' produced action
Texas Sen. Ted Cruz (R) defended President-elect Trump's threat to impose 25% tariffs on all goods from key U.S. allies Canada and Mexico, saying the move called for “immediate” action. It was pointed out that it caused “I have to say that when we saw the threat of tariffs on Mexico and Canada, we took […]
Former South African Official Slams Trump BRICS Tariff Threat: ‘Gender-based Violence’
Prominent South Africans on Sunday expressed anger over President-elect Donald Trump's threat to impose 100% tariffs on BRICS countries if they seek to create an alternative to the US dollar as the world's reserve and trade currency. showed a reaction. As Breitbart News reported on Saturday, President Trump said in a Truth social post that […]
Trump Threatens 100% Tariff on BRICS if They Try to Ditch U.S. Dollar
President-elect Donald Trump has threatened to impose 100 percent tariffs on BRICS countries if they try to “create a new BRICS currency” or support another currency as an “alternative” to the U.S. dollar. in post Trump says on 'Society of Truth' that BRICS countries that try to 'substitute for the strong US dollar' will 'face […]