US EditionBusinesses sound alarm as Trump tariffs prompt consumers to cut spending
- Stephen Moore, a former adviser to Donald Trump, said the economy is "very wobbly" due to recent poor job reports and the ups and downs of stock markets related to tariffs.
- The YouGov/The Economist poll revealed that 54% of registered voters oppose 25% tariffs on imports from Canada, while 49% oppose them on Mexico.
- Ontario Premier Doug Ford warned that Trump could lead to a recession and announced a 25% tariff on electricity supplied to the U.S.
- Secretary Howard Lutnick claimed on NBC that there will be no recession in America and suggested that American goods will become cheaper despite potential increases in foreign goods.
191 Articles
191 Articles
Explainer: What Do Trump’s Tariffs Mean for Egypt?
Before Egyptians had the chance to return to their usual work routine after the Eid celebrations, U.S. President Donald Trump enacted broad reciprocal tariffs on the U.S.'s trade partners on Wednesday, 2 April, including Egypt, with a 10 percent tariff on Egyptian exports. Trump declared the day as “Liberation Day,” signing an executive order that
Nevada Current
What Trump’s escalating trade wars mean for your grocery bill
The pendulum-like nature of Trump’s trade policies almost certainly means higher grocery store prices. (Photo by Kayla Bartkowski/Getty Images)This story was originally published by Grist. Life these days is expensive. The lingering effects of the pandemic, Russia’s invasion of Ukraine, higher fuel and energy prices, and extreme weather shocks throttling the supply chain have conspired to make many everyday necessities much less affordable. Risi…
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