All articles tagged with #trump tariffs
The European Parliament froze ratification of the EU–U.S. trade deal amid concerns that Trump’s latest tariff threats breach the Turnberry accord, delaying a March vote as the U.S. considers a 15% global tariff and as lawmakers push for safeguards on steel and a six‑month review.
Cuba says international airlines can no longer refuel there due to a kerosene shortage, with aviation fuel set to run out by Monday and airports nationwide affected for about a month; the move comes as the Trump administration threatens tariffs on any oil supplied to Cuba, with Russia calling the situation truly critical and Havana planning fuel rationing measures as Mexico considers humanitarian aid.
Coupang, South Korea’s largest online retailer nicknamed the 'Amazon of Asia,' has actively aligned with the U.S. on digital policy and expanded its Washington lobbying, making it a focal point as the Trump administration pursues tariffs and Seoul advances digital regulations that critics say discriminate against American firms; despite a tentative trade deal, Coupang’s data breach and related investigations keep the U.S.–Korea digital policy debate in flux.
US President Donald Trump said the United States will cut India’s tariffs from 50% to 18% after Narendra Modi allegedly agreed to stop buying Russian oil, a move that also includes a pledge for India to increase purchases of American goods; Modi hinted that Made in India products will face an 18% tariff. Analysts expressed skepticism about the $500 billion Buy American claim and questioned whether India will truly zero its tariffs for US goods, noting India’s still-strong oil ties with Russia and the likelihood that tariff reductions will be more limited in practice.
U.S. stocks opened lower on Friday with the Dow down about 0.3%, the S&P 500 around 0.1%, and the Nasdaq flat, ending a relief rally after Trump backed off tariffs on Greenland. Intel’s weak outlook weighed on the chip sector, while tensions with Iran kept risk appetite in check. Gold rallied toward $5,000 with Goldman Sachs forecasting about $5,400 by year-end, and the dollar eased as safe-haven demand grew and the yen strengthened.
Democrats plan to force House and Senate votes to block Trump’s 10% tariffs on European allies tied to his Greenland bid, putting wavering Republicans on the spot. While some GOP members oppose blocking tariffs, party leaders worry about a government-shutdown risk and await a Senate/House path and a potential Supreme Court ruling on the president’s tariff powers.
A Seeking Alpha roundup features Ray Dalio warning that Trump's aggressive foreign policy could deter foreign investors from U.S. assets, Amazon noting tariffs are lifting some prices and slowing inventory turnover, and Novartis stating its U.S. investments and trade deals should shield it from most tariffs with contingency plans in place.
EU capitals brace for a tense week as Donald Trump threatens 10% tariffs on six EU states and Nato allies over Greenland, prompting potential retaliation of up to €93bn and possible use of the Anti-Coercion Instrument to curb US firms’ EU access. Leaders are set for crisis talks, including an emergency summit in Brussels after Davos, as they weigh carrots and sticks while monitoring crisis diplomacy. ECB vice-president candidate Mário Centeno warns tariffs would be a “structural shock” requiring coordinated monetary, fiscal and competition policy, even as some officials hope Trump’s threats prove temporary.
The Supreme Court is set to decide whether Trump’s tariffs, imposed under the International Emergency Economic Powers Act, are constitutional; the piece argues that legality does not equal wisdom, highlighting how unilateral, changing tariffs concentrate power away from Congress, create investment-uncertainty, and reduce accountability, potentially serving as a stealth tax and inviting rent-seeking—contingent on the tariffs’ legality, such a framework could raise over $2 trillion in revenue over a decade if allowed to stand.
President Donald Trump announced a 25% tariff on any country doing business with Iran, effective immediately, a move that could affect large trading partners such as China and India. The White House gave few details on implementation while tensions with Tehran and Iran’s ongoing unrest provide context for the measure.
Dow Jones futures are slightly up ahead of the December jobs report and a Supreme Court ruling on Trump tariffs, with mixed market performance and sector movements, while key stocks like Nvidia, Taiwan Semiconductor, and Revolution Medicines show notable activity.
Despite fears that Trump's tariffs would severely harm the US economy, their impact in 2025 has been limited due to delayed implementation, partial exemptions, pre-loading of imports by companies, and absorption of costs by importers, with significant effects expected to materialize in 2026.
The US bond market remains fragile amid tensions between the Trump administration's policies and investor concerns over high debt levels and potential changes in revenue sources, with recent market movements reflecting underlying fears about fiscal sustainability and political stability.
Since Trump's tariffs in April caused turmoil in the US bond market, the administration has taken measures to keep yields low and prevent a resurgence of volatility, but underlying concerns about high debt levels and fiscal policy risks remain, making the peace fragile.
Democrats see an opportunity to gain ground in rural America by capitalizing on discontent with President Trump's policies, especially tariffs and healthcare cuts, and are launching targeted outreach efforts to sway rural voters ahead of the 2024 midterms.