Inside Trump’s tariff retreat: How fears of a bond market catastrophe convinced Trump to hit the pause button
- President Donald Trump paused many tariff increases for 90 days to negotiate with countries following turmoil in the bond market, which threatened the U.S. Economy.
- MSNBC host Rachel Maddow warned that the stability of the bond market is crucial for the U.S. Economy, stating that a collapse would be worse than stock market declines.
- Despite the pause, a universal tariff of 10 percent remains in place, raising concerns about its impact on manufacturing and energy sectors.
- Analysts believe that the tariffs could hinder the transition away from fossil fuels and complicate financial terms for new energy projects.
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Center
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‘You tax us, we tax you.’ It’s pretty basic (letter to the editor)
For decades, Democrats assured us that “free trade” deals would uplift American workers and revitalize local economies. Instead, we got shuttered factories, outsourced industries, and entire communities left behind. From NAFTA onward, these policies were packaged as “progress,” yet foreign nations routinely slapped double-digit tariffs on our goods while we kept our markets wide open. It’s no wonder American manufacturers struggled to compete.Th…
·Richmond County, United States
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Total News Sources322
Leaning Left69Leaning Right35Center60Last UpdatedBias Distribution42% Left
Bias Distribution
- 42% of the sources lean Left
42% Left
L 42%
C 37%
R 21%
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