AFP
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Where Trump's tariffs could hurt Americans' wallets
As global financial markets plunge in the wake of US President Donald Trump's "Liberation Day" tariffs, Americans must also grapple with the potentially long-lasting impact of the move on household budgets. Yale's Budget Lab estimated the effect of recent tariffs, up to and including Wednesday's announcement, would cause a 17 percent rise in the cost of clothing and textiles.
Trump says 'very close to a deal' on TikTok
President Donald Trump said his administration was "very close" to a deal to find a buyer for TikTok, which faces a US ban if not sold by its Chinese owner by the weekend. Trump has downplayed risks that TikTok is in danger of being banned in the United States, saying he remains confident of finding a buyer for the app's US business.
Trump tariffs on Mexico: the good, the bad, the unknown
At first glance, Mexico got off lightly from Donald Trump's "Liberation Day" tariffs blitz. A day after the tariffs were announced, the shockwaves are still being felt.
Trump tariffs hammer global stocks, dollar and oil
Stock markets and the dollar tumbled Thursday after President Donald Trump's latest worldwide tariff salvo fanned a trade war that many fear will spark recession and ramp up inflation. "The simultaneous decline in both stocks and the US dollar speaks volumes about investor confidence in Trump's trade policy," said City Index and FOREX.com analyst Fawad Razaqzada.
Penguin memes take flight after Trump tariffs remote island
Donald Trump's tariffs have become a black and white issue on social media, where penguin memes have gone viral after he targeted an island inhabited by the flightless birds, but no people.
US tariffs could push up inflation, slow growth: Fed official
The trade uncertainty fueled by recent tariffs will likely raise the risks of higher inflation and slower growth, and pose challenges for Federal Reserve policy, a senior banking official said Thursday.
Zuckerberg repeats Trump visits in bid to settle antitrust case
Meta boss Mark Zuckerberg has made repeated visits to the White House as he tries to persuade US President Donald Trump to settle a major antitrust case before it goes to trial on April 14, US media reported.
'Everyone worried' by Trump tariffs in France's champagne region
With the United States the largest export market for champagne, producers of France's leading sparkling wine had little to celebrate on Thursday about facing an additional 20 percent tariff, although they held out hope for negotiations. The wider wine and spirits sector also hopes negotiations could lead to the additional tariff being removed.
UK avoids worst US tariffs post-Brexit, but no celebrations
More than four years after the UK's withdrawal from the European Union became effective, Britain has escaped harsher US tariffs, facing only half of the 20 percent imposed on its EU neighbours. Although he called the 10 percent levy "a disappointment," it is significantly lower than the 20 percent levy on the EU and the 34 percent levy on China.
AFP
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