Trump threatens new tariffs on Canada
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Trump, Tariffs
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President Trump is pushing through with his tariff agenda, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.
In a wide-ranging interview with NBC News, Trump talked about tariffs, sending Patriot missiles to NATO for Ukraine and how he'll sell his recently passed "big, beautiful bill."
President Donald Trump threatened to double the baseline universal tariff to 20%, citing record stock gains to dispel fears that such a move would hammer the global economy. Even as financial markets barely budged on the news,
Trump's tariffs may pose less threat to Asian markets than initially feared, wrote Goldman Sachs analysts. Tariffs may hurt markets, but if there's clear information about them, investors would feel less negative. North Asian markets face higher exposure, while Southeast Asia markets are less affected.
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Levi's saw a 6% revenue increase in the latest quarter, but it anticipates a hit of up to $30 million this year because of Trump's tariffs.
Korean Air reported on Friday a fall of 4% in cargo revenue for the second quarter of its financial year, pointing to market volatility stemming from U.S. tariff policies. South Korea's largest airline is also one of Asia's largest cargo carriers and has benefited in recent years from rising volumes of e-commerce out of China.
TCS CEO and Managing Director K Krithivasan says an uncertain macroeconomic climate remains a key challenge for the company. He hopes more clarity on the U.S.-China trade deal will help revive consumer confidence in the U.
Atlanta, Georgia — Pillows filled and sealed for a good night's sleep at the Atlanta warehouse of home bedding company Standard Fiber are one of many things giving its CEO, Chad Altbaier, nightmares. "Planning is practically impossible," Altbaier told CBS News. "Probably the most challenging time of my career."
Term Outlook For This Malaysian ETF EWM: Great Opportunity But Low Diversification Trump puts 25% tariff on Japan and South Korea, others (updated) China seeks to boost Southeast Asian ties as Trump t