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Trump's Trade And Peace Talks, Musk's DOGE Under Scrutiny, And Market Turmoil Predictions: This Week In Politics

Summary by Benzinga
The past week was filled with significant developments, from President Trump’s stance on China tariffs and Russia-Ukraine peace talks, to House Democrats raising concerns about Elon Musk’s DOGE. Additionally, the IRS saw a leadership change influenced by Musk, and Sen. Elizabeth Warren (D-Mass.) warned about potential market turmoil. Let’s dive into the details. Trump Hesitates on Escalating China Tariffs President Donald Trump indicated his rel…

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Imagine waking up in 1932, in any city in the United States. When you order your morning coffee, you realize that its price has doubled since last year. This is not because of the shortage of coffee, but because new trade barriers have caused the price of importing Colombian coffee beans to skyrocket. The same has happened with sugar, tea and cocoa. Daily items have suddenly become a luxury.This dramatic change resulted from one of the most dama…

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Three weeks after Donald Trump's 145% tariff hike on China and the announcement of a global trade war, the IMF and several economic indicators are indicating the first economic effects. The IMF cut its global growth forecast on Tuesday, but does not expect a recession, but expects inflation corrections and increased market risks, Bloomberg reported.

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Portafolio.co broke the news in on Friday, April 18, 2025.
Sources are mostly out of United States (1)

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