Economy
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.
Canada imposing 25% tariff on some US auto imports
Canada said it would impose a 25 percent tariff on some autos imported from the United States, retaliating against President Donald Trump's levies that came into affect on Thursday.
Lesotho, Africa's 'kingdom in the sky' jolted by Trump
US President Donald Trump in March ridiculed Lesotho as a place "nobody has ever heard of" and then this week hit the tiny African kingdom with the highest of his reciprocal trade tariffs for any single nation.
Trump's trade math baffles economists
Trade economists were scratching their heads on Thursday at the formula used by the White House to measure trade imbalances and inflict punishment on all its global trading partners. Following Trump's trade philosophy, the formula takes a country's trade deficit with the US as evidence of unfairness.
Macron calls for suspension of investment in US until tariffs clarified
French President Emmanuel Macron on Thursday called for a suspension of investment in the United States until Donald Trump's "brutal and unfounded" new tariffs against Europe and the rest of the world were clarified.
Wall St leads rout as world reels from Trump tariffs
Wall Street led a global markets bloodbath Thursday as countries around the world reeled from President Donald Trump's trade war, while the White House insisted the US economy would emerge victorious. The White House said Russia was spared because it is already under sanctions over its war in Ukraine which "preclude any meaningful trade."
Economy
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