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Financial markets may be the last guardrail on Trump
Financial markets may be the last guardrail on Trump
by  AFP

Since returning to the White House, Donald Trump has ushered in sweeping changes to international geopolitics and US government administration with little regard for norms that have constrained predecessors. The White House quickly shifted its tone on China and Trump reassured the public that he won't fire Powell.

BRICS members blast rise of 'trade protectionism'
BRICS members blast rise of 'trade protectionism'
by  AFP

China, Brazil and other members of the BRICS grouping on Tuesday slammed the "resurgence of trade protectionism" at a meeting in Rio de Janeiro dominated by US President Donald Trump's tariffs blitz. Some BRICS members have, however, escaped the worst of Trump's trade ire.

France to tax small parcels from China amid tariff fallout fears
France to tax small parcels from China amid tariff fallout fears
by  AFP

France will from next year impose a handling tax for every small parcel sent from China sent by platforms such as Shein and Temu, a minister said Tuesday. French officials say that unless a European system is set up, parcels taxed by France will just enter the EU through another member country.

Trump signals relief on auto tariffs as industry awaits details
Trump signals relief on auto tariffs as industry awaits details
by  AFP

The White House said Tuesday it will soften tariffs on automakers, sparking optimism in Detroit whose car manufacturing industry has been on tenterhooks awaiting details on President Donald Trump's fast-evolving policy. "The president will sign the executive order on auto tariffs later today," White House Press Secretary Karoline Leavitt told reporters.

US consumer confidence hits lowest level since onset of pandemic
US consumer confidence hits lowest level since onset of pandemic
by  AFP

US consumer confidence has fallen to its lowest level since the onset of the Covid-19 pandemic, according to survey data published Tuesday, reflecting concerns about President Donald Trump's tariff plans. Donald Trump's tariff plans have unnerved investors, sending market volatility soaring and consumer confidence plunging.