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The Financial News

Latest / Hot Issue

Politics

World

Lifestyle

Saturday, May 3, 2025

Tag: Policy

That $12 Swimsuit? It’s $31 Now—Thanks, Tariffs

Chinese retailers Temu and Shein raise prices significantly due to new U.S. tariffs, impacting various product categories dramatically.

Trump Confirms Tariffs Will Begin Monday, Dismissing Delay Rumors

Trump confirmed that tariffs will be imposed as scheduled, emphasizing ongoing negotiations with many countries despite permanent tariffs.

Trump Hints at Car and Pharma Tariffs — But Keeps April 2 Plans Vague

Trump indicates tariffs on cars and pharmaceuticals are imminent but may be delayed; April 2 remains a key date for trade announcements.

Reciprocal Tariffs Are Coming — But No One Knows How They’ll Work

Trump's reciprocal tariffs set for April 2 face complications, with inconsistent approaches and challenges in quantifying rates.

Goldman Sachs Revises U.S. GDP Forecast Down to 1.7% as Tariff Effects Take Hold

Goldman Sachs lowers U.S. GDP growth forecast to 1.7% due to Trump's tariffs, predicting higher inflation and reduced consumer spending.

Steel and Aluminum Tariffs: Trump Administration’s First Strike on South Korean Imports

The Trump administration imposes a 25% tariff on South Korean steel and aluminum, impacting U.S. exports and trade relations.

Carney’s Strong Stance: No U.S. Respect, No End to Retaliatory Tariffs

Mark Carney becomes Canada's Prime Minister, vows to uphold tariffs against the U.S. until respect for Canada is shown.

Trump Defends Tariffs, Signals Potential Increases After April 2

Trump emphasizes U.S. manufacturing to avoid tariffs, plans a one-month exemption for automakers, and hints at potential tariff increases.

Treasury’s Bessent Explains U.S. Strategy on Reciprocal Tariffs and Trade Negotiations

U.S. Treasury Secretary Scott Bessent discusses reciprocal tariffs plan, with potential adjustments depending on trade partner behavior.

Trump to Announce Reciprocal Tariffs on India Ahead of Modi’s White House Visit

Trump to announce reciprocal tariffs on India before Modi's visit, aiming to leverage U.S. position ahead of their summit.

Goldman Sachs Warns: Trump’s Tariffs Could Spike Inflation by 1%

Goldman Sachs warns that Trump's tariff policies could raise U.S. inflation by 1%, impacting consumer prices significantly.

Trump Picks Brendan Carr as FCC Chair: What’s Next for Telecom?

Donald Trump nominates Brendan Carr to lead the FCC, known for ties with Elon Musk and support for broadband subsidies.