Australian Dollar strengthens following Trump's comments on tariffs on China – FXStreet
Australian dollars will expand their profits following Trump's optimism for China. PBOC maintained interest rates to 2.00 % and injects 200 billion yuan into financial institutions through a year MLF. President Trump called for the US Federal Reserve to reduce interest rates. The Australian dollar (AUD) has been gaining upwards for US dollars (USD) for […]
Trump Promises Tariffs for Products Not Made in America in WEF Speech
President Donald Trump spoke virtually Thursday at Klaus Schwab's World Economic Forum (WEF) in Switzerland, pledging to impose tariffs on all products made outside the United States. President Trump detailed plans to encourage companies to manufacture products in the United States, cut taxes and impose tariffs on imported goods in a show of America-first populism […]
Dimon defends Trump tariffs
sup, sub { font-size: 100% !important; } sup { mso-text-raise:10% } sub { mso-text-raise:-10% } Welcome to The Hill's Business & Economics Newsletter {beacon} View Online business and economy business and economy Full text President Trump rescinds Biden-era ethics order, lobbying for regulations In a slew of executive orders signed on Monday, President Trump […]
Jamie Dimon says US stock market ‘kind of inflated,’ critics need to ‘get over’ Trump tariffs
JPMorgan Chase & Co. CEO Jamie Dimon urged critics to “get over” concerns about President Trump's tariff proposals, but said the U.S. stock market is “inflated in some ways.” ” he said. In an interview with CNBC Wednesday at the World Economic Forum in Davos, Switzerland, Dimon warned investors about the risks of rising deficit […]
Jamie Dimon talks tariffs: ‘Get over it’
Former President Reagan economist Art Laffer is weighing in on President Trump's controversial economic plan to impose 25% tariffs on Mexico and Canada starting February 1st. JPMorgan Chase & Co. CEO Jamie Dimon said in a new interview that any slight increase in inflation caused by the Trump administration's tariff plans is worth meeting national […]
Dimon defends Trump tariffs: 'National security trumps a little bit more inflation'
JPMorgan Chase & Co. CEO Jamie Dimon on Wednesday weighed in on President Trump's proposed tariffs on Canada, Mexico and China, saying the national security benefits outweigh the inflationary effects. He said he was deaf. “Even if it's a little bit of inflation, if it's good for national security, then that's fine. So get over […]
Dow climbs as Wall Street overcomes fear of Trump tariffs
Wall Street's top headliners on Tuesday as investors assessed Donald Trump's first actions as president and breathed a sigh of relief that he did not start his second term with an across-the-board tariff hike. Indices closed higher, with the S&P 500 and Dow hitting one-month highs. The blue-chip Dow Jones Industrial Average rose 537.98 points, […]
Trump Warns 25% Tariffs on Canada and Mexico Could Begin on February 1
Shortly after giving his inaugural address on Monday, President Donald Trump said 25% tariffs could be imposed on products from Canada and Mexico as early as February 1. “We're thinking in terms of 25% for Mexico and Canada, because they're allowing huge numbers of people into the country and allowing fentanyl into the country. Canada […]
Samsung weighs relocating dryer production to US in response to Trump tariffs
Libby Cantrill, head of U.S. public policy at Pimco, told Barron's Roundtable that she expects President-elect Trump to accomplish this on his first day in office. South Korea's Samsung Electronics and at least one other consumer electronics maker are considering moving some operations from factories in Mexico to factories in the United States. The review […]
Trump pumps brakes on Day 1 tariffs
President Trump put the brakes on plans to impose widespread tariffs soon after taking office, delaying and toning down efforts to change the U.S. trade system that had been a centerpiece of his campaign. President Trump began his second term with a memo directing federal agencies to investigate U.S. trade relationships with China, Canada, and […]