Trump defends Brazil's Bolsonaro in tariff threat
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Economists, researchers and analysts have warned that President Donald Trump’s sweeping trade policy of tacking steep tariffs on most goods that come in to America will deliver a taxing blow to consumers via higher prices.
“Businesses have been eating up the higher prices that it takes to import these products, but of course, businesses cannot do that forever, and they certainly won’t be able to do that if tariffs go up any higher,” South Dakota State University economics professor Evert Van der Sluis said.
President Donald Trump has launched a wave of Section 232 tariffs and investigations, seeking to protect U.S. national security. These nine graphics show the scale and structure of U.S. reliance on
Tariffs are impacting the global market.The Trump administration announced a tariff deadline extension for countries to strike a deal with the U.S. as most trad
Critics say the tariff on Brazil could further erode the Trump administration’s credibility as it pursues an aggressive trade agenda.
Vietnam was the first in Asia to strike a deal, but it has little leverage against Washington, and is now facing levies up to 40%. The same goes for Cambodia. A poor country heavily reliant on exports, it has been negotiating a deal as Trump threatens 35% tariffs.
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The latest on President Trump's tariffs on America's trading partners, the effects on the U.S. economy and how other nations are responding.